By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korea failed to reach agreement with a striking truckers’ union in the first session of talks on Monday, the fifth day of a nationwide walkout, the union said, as supply chain glitches worsen and concrete runs out at building sites. The government, which estimates daily losses …
South Korea’s striking truckers say no deal reached in govt talks Read More »
By Gopal Sharma KATHMANDU (Reuters) – While Nepal awaited the outcome of national elections its central bank opted to hold its benchmark interest rates at 8.5% late on Sunday, and voiced expectations that the next government would push through reforms needed to strengthen economic growth. Results so far showed Prime Minister Sher Bahadur Deuba’s Nepali …
Nepal expects reforms, says central bank, holding rates as election count goes on Read More »
BEIJING (Reuters) – China’s factory activity is expected to have contracted further this month, piling pressure on the economy as COVID restrictions hit production and exports fell despite a flurry of stimulus policies, a Reuters poll showed on Monday. The official manufacturing Purchasing Manager’s Index (PMI) was forecast at 49.0 in November from 49.2 in …
China’s factory activity contraction likely deepened in Nov on COVID woes: Reuters Poll Read More »
By Francesco Guarascio HANOI (Reuters) – An anti-corruption drive in Vietnam has paralysed many routine transactions in the country, causing shortages of essential goods and dampening investor confidence in one of Asia’s fastest growing economies. The Chinese-style campaign against graft has been under way since 2016, but a series of recent scandals have sparked new …
Analysis: Vietnam’s anti-graft crackdown chills supply chains, investment Read More »
By Nick Carey and Giulio Piovaccari LONDON/MILAN (Reuters) – The bankruptcy of Stellantis’ Jeep joint venture in China could spell trouble for other global automakers whose output has plunged over the last five years in the world’s largest car market, as domestic players rapidly overtake. The first joint venture failure by a foreign brand in …
Who’s next? Chinese EVs drive Stellantis’ Jeep off the road Read More »
By Xie Yu HONG KONG (Reuters) -Embattled property developer China Evergrande Group aims to win creditors’ approval for its debt restructuring proposals by as early as the end of February, the company’s lawyers said on Monday. Once China’s top-selling developer, Evergrande is now at the centre of the country’s property crisis. Its $22.7 billion of …
Evergrande aims to win approval for restructuring proposals early next year Read More »
(Reuters) – As anger over China’s strict zero COVID-19 policy intensifies, residents in some major cities took to the streets at the weekend, clashing with police over restrictions that have taken a heavy toll on the economy and people’s freedoms. In rare scenes of open dissent, some have called for Chinese President Xi Jinping to …
Comments from market watchers on the COVID-19 protests in China Read More »
By Donny Kwok HONG KONG, (Reuters) -Wynn Macau led a rally in Macau gaming stocks on Monday after the city’s government said all six incumbent casino operators would be given new licences to operate in the world’s biggest gambling hub from January. Shares in Wynn Macau jumped as much as 18.8% to HK$5.18, their highest …
Wynn Macau leads rise in Macau casino stocks after new licences announced Read More »
A look at the day ahead in European and global markets from Anshuman Daga Hopes of a quiet close to the final weeks of 2022 are being firmly squashed as rare, widespread protests across China following strict coronavirus curbs fuel risk-off sentiment and batter stocks, while pushing up the safe-haven dollar. To make matters worse, …
By Mai Nguyen SINGAPORE (Reuters) -The London Metal Exchange (LME) hopes to resume trading of its nickel contract during Asian hours within the next two weeks, an executive said on Monday. The world’s largest and oldest forum for trading metals, the LME was forced to suspend the nickel market and cancel all trades on March …
LME hopes to resume nickel trade in Asian hours in two weeks -executive Read More »
