By Shariq Khan NEW YORK (Reuters) -Oil prices settled lower on Wednesday as traders weighed concerns over a surge in COVID-19 cases in China, the world’s top oil importer, against the chances easing pandemic restrictions in the country will boost fuel demand. Brent crude futures fell $1.07, or 1.3%, to settle at $83.26 a barrel, …
Oil settles lower in light trading on China demand concerns Read More »
By Hannah Lang WASHINGTON (Reuters) – The dollar touched a one-week high against the yen on Wednesday, boosted by a jump in Treasury yields and investor expectations for a rebound in Chinese growth as COVID-19 curbs loosen. The dollar rallied by as much as 0.67% against the yen to 134.40 in Asian trading, the most …
Dollar hits one-week high vs yen amid reset in investor expectations Read More »
(Reuters) -U.S.-based crypto exchange Kraken said on Wednesday it would cease its operations in Japan next month, citing the current market conditions in the country and a weak crypto market globally. Kraken will deregister from the Financial Services Agency (JFSA) as of Jan. 31, by which time clients would have to withdraw their fiat and …
Crypto exchange Kraken to stop operations in Japan Read More »
ZURICH (Reuters) – ABB has completed the sale of its remaining 19.9% stake in the power grids business it sold to Hitachi, the Swiss engineering and technology group said on Wednesday. Hitachi has exercised a call option that was agreed when it bought 80.1% of the business – now called Hitachi Energy – in December …
ABB gets $1.4 billion after completing power grids sale to Hitachi Read More »
SINGAPORE (Reuters) – Link Real Estate Investment Trust (REIT) is buying a portfolio of Singapore shopping malls for S$2.16 billion ($1.6 billion) from Mercatus Co-operative in its first foray into the city state, it said on Wednesday. The deal is for the acquisition of suburban retail assets Jurong Point and Swing By @ Thomson Plaza, …
Link REIT buys Singapore shopping malls for $1.6 billion Read More »
(Reuters) -Amazon.com Inc is working on a standalone app for watching sports content, the Information reported on Wednesday, citing a source with direct knowledge of the plan. Sports remains one of the biggest attractions for live viewing as U.S. audiences increasingly switch from pay TV subscriptions to streaming apps. The move will likely complement Amazon’s …
Amazon planning standalone app for sports content – The Information Read More »
(Reuters) – At the Fashion X AI show in Hong Kong, attendees noticed a certain “alien” quality about the new clothes modelled on the event’s narrow catwalk – and the designs were, in fact, not entirely human. The show put more than 80 outfits from 14 designers in the spotlight, all of which were created …
In Hong Kong, designers try out new assistant: AI fashion maven AiDA Read More »
By Leika Kihara TOKYO (Reuters) – Japan’s government will make raising wages a top priority in its economic policy next year, Deputy Chief Cabinet Secretary Seiji Kihara said on Wednesday. “The biggest challenge for Japan’s economy is a lack of wage growth. Unless wages rise, consumption won’t pick up and companies won’t increase investment,” Kihara …
Japan to make raising wages a top priority, says senior govt official Read More »
TOKYO (Reuters) – The Bank of Japan’s decision to raise its bond-yield ceiling could be the first step toward normalising ultra-easy policy, Takatoshi Ito, a Columbia University professor who is close to BOJ Governor Haruhiko Kuroda, wrote in a column on Tuesday. The central bank stunned markets this month by raising to 0.50% from 0.25% …
Academic close to Japan’s Kuroda says BOJ moving towards policy normalisation Read More »
By Jihoon Lee SEOUL (Reuters) – South Korea’s exports likely extended their falling streak to a third straight month in December, a Reuters poll showed on Wednesday, with demand from China yet to recover from loosening COVID-19 restrictions. The country’s outbound shipments were projected to have fallen 10.1% in December from the same month a …
South Korea Dec exports to fall for third month as China demand still weak- Reuters poll Read More »
