BEIJING (Reuters) – China’s Kuaishou dismissed as untrue on Wednesday what it called “online rumours” that a state broadcaster would be able to veto its business decisions after having taken a stake in its Beijing unit. The short video platform said the state-owned broadcaster, the Beijing Radio and Television Station, had only taken an equity stake …
China’s Kuaishou says state broadcaster has no veto on decisions Read More »
By Albee Zhang and Ben Blanchard BEIJING/TAIPEI (Reuters) – An iPhone plant in China that has come to symbolise worker discontent with harsh COVID curbs will continue to isolate its operations and staff despite the lift of a seven-day lockdown for the rest of the industrial park in which it is located. Taiwanese contract manufacturer …
Chinese iPhone plant still under strict COVID curbs despite lift of lockdown Read More »
(Reuters) – Japanese investors were net sellers of foreign bonds in October for a second straight month as overseas bond prices fell sharply amid expectations that the Federal Reserve would aggressively raise interest rates again to tame inflation. According to data from Japan’s Ministry of Finance, Japanese investors sold a net 2.58 trillion yen worth …
Japanese investors remain net sellers of foreign debt in October Read More »
By Satoshi Sugiyama TOKYO (Reuters) -Japan’s Honda Motor Co posted on Wednesday a 16% rise in second-quarter profit and lifted its full-year outlook, as better pricing, strong sales of motorcycles and a weak yen helped it ride out semiconductor shortages. While Japanese automakers, like many of their overseas rivals, have been hit by shortages of …
Honda posts 16% rise in Q2 profit and hikes outlook as motorcycles, yen help Read More »
By Dawn Chmielewski and Lisa Richwine (Reuters) – Walt Disney Co said on Tuesday its marquee streaming service, Disney+, gained more subscribers than Wall Street had expected, but investment costs dragged quarterly earnings below analysts’ targets. Shares in Disney fell 5% in after-market trading. The entertainment company is spending billions to compete with Netflix Inc …
Disney streaming beats Wall Street targets, earnings miss Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. There’s a meltdown in the Wild West of crypto, equity markets lose their recently-found Mojo, volatility spikes higher and investors flock to U.S. Treasuries for safety and security. Did financial markets return to some semblance of normality on …
Marketmind: Another tick in the vol … this time higher Read More »
By Arathy Somasekhar (Reuters) – Oil prices fell more than $2 on Tuesday in choppy trading on growing worries about fuel demand as COVID-19 outbreaks worsened in top crude importer China, and jitters about the outcome of U.S. midterm elections. Brent futures for January delivery fell $2.56 to $95.36 a barrel, a 2.6% loss. U.S. …
Oil prices slide $2 on China demand worries, U.S. midterm elections Read More »
(Reuters) – Advertisers are grappling with Twitter’s new ownership under Tesla boss Elon Musk, who once tweeted “I hate advertising”. Below are reactions from some of the companies: Allianz SE German insurer and asset manager Allianz will halt paid advertising on Twitter for now, a spokesperson said on Monday, after Elon Musk completed acquisition of …
Factbox-Advertisers react to Twitter’s new ownership Read More »
(Reuters) – Elon Musk’s net worth dropped below $200 billion on Tuesday as investors dumped Tesla Inc shares on fears the top executive and largest shareholder of the world’s most valuable electric-vehicle maker is more preoccupied with Twitter. Musk now has a net worth of $194.8 billion, according to Forbes, with a big share of …
Elon Musk’s net worth slips below $200 billion as Tesla shares waver Read More »
WASHINGTON (Reuters) – The United States imposed sanctions on Tuesday on a Burmese arms dealer and his company for facilitating arms deals and weapons purchases on behalf of Myanmar’s military, the Treasury Department said. The action against Kyaw Min Oo and his Sky Aviator Company Ltd, which came along with newly issued European Union sanctions, …
U.S. slaps sanctions on Burmese arms dealer, company Read More »
