Reuters Asia Business

By Stephen Culp NEW YORK (Reuters) – Wall Street shuffled to a modestly higher close on Friday and Treasury yields advanced as investors digested a deluge of economic data ahead of the Christmas holiday long weekend, capping a week fraught with worries over the Fed’s restrictive monetary policy and related recession fears. All three major …

Wall St ends higher, Treasury yields rise after data flurry Read More »

By Shariq Khan NEW YORK (Reuters) -Oil prices settled about $3 per barrel higher on Friday for a second straight week of gains after Moscow said it could cut crude output in response to the G7 price cap on Russian exports. Brent crude settled at $83.92, up by $2.94 or 3.6%, while U.S. West Texas …

Oil rises $3/bbl after Russia signals output cut due to price cap Read More »

By Paresh Dave OAKLAND, Calif. (Reuters) -Chinese technology giant Huawei will bring in more patent income than it pays to other companies for their patents for the second straight year in 2022, as it seeks to offset the impact of U.S. export curbs on sales in its hardware business, the company announced late Thursday. Huawei, …

Huawei reaps more patent royalties than it pays out for second straight year Read More »

By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – The preferred bidder for Toshiba Corp is finalising 1.4 trillion yen ($10.6 billion) in financing from Japanese lenders to fund its acquisition, according to two sources, a deal that would see one of the country’s best known conglomerates taken private. Private equity firm Japan Industrial Partners …

Toshiba’s preferred bidder finalising $10.6 billion financing for buyout -sources Read More »

TBILISI (Reuters) – Ethnic Armenians in the disputed enclave of Nagorno-Karabakh are preparing for a “long-term blockade” by Azerbaijan, a top separatist official said on Friday, after nearly two weeks without fresh supplies of food and medicine. Azerbaijani civilians identifying themselves as environmental activists have been facing off since Dec. 12 with Russian peacekeepers on …

Nagorno-Karabakh in for ‘long winter’ amid Azerbaijan road blockade Read More »

By Tetsushi Kajimoto and Takaya Yamaguchi TOKYO (Reuters) – Japan unveiled on Friday a record 114.4 trillion yen ($863 billion) budget for the next fiscal year from April, pushed up by increased military spending and higher social security costs of catering to a fast-ageing population, piling on more debt. The budget – endorsed by Prime …

Japan unveils record budget in boost to military spending Read More »