BENGALURU (Reuters) -WhatsApp is globally rolling out a feature called Communities to organize various chat groups in larger structures, as well as other features such as bigger group video calls and in-chat polls, the messaging service owned by Meta Platforms said on Thursday. The Communities feature will bring together various chat groups under bigger umbrellas …
WhatsApp launches Communities group organizer feature Read More »
By Tom Westbrook SINGAPORE (Reuters) – Financial markets in Vietnam, Asia’s fastest-growing economy, are in an unsettling slide as a crackdown on property lending, a falling currency and rising interest rates heap pressure on banks and rattle confidence. The Vietnamese dong and the benchmark stock index are heading for their worst annual performance since the …
Cracks in Vietnam the latest alarm from frontier markets Read More »
By Nick Carey and Victoria Waldersee LONDON/BERLIN (Reuters) – Europe’s drive to build a homegrown electric vehicle battery industry is hitting roadblocks as investors shy away from giving startups sufficient funding to challenge the Asian companies that dominate the market. With the notable exception of Sweden’s Northvolt, some startups hoping to build so-called gigafactories to …
Europe leans on Asia for ‘homegrown’ EV batteries Read More »
MUNSTER, Germany (Reuters) – The United States “strongly suggested” that there would be no controlling interest by China in the Hamburg port terminal, a senior U.S. State Department official said, adding that the final deal was adjusted in the end with no controlling stake for Beijing. Shipping giant Cosco made a bid last year to …
SEOUL (Reuters) – South Korea’s foreign exchange reserves shrank for a third consecutive month in October, although by a relatively small amount, partly due to efforts of taming the won’s fall against the U.S. dollar, the central bank said on Thursday. The country’s foreign exchange reserves fell by $2.76 billion last month to $414.01 billion, …
South Korea FX reserves fall again in Oct as won weakens Read More »
By Chavi Mehta and Jane Lanhee Lee (Reuters) -Chipmaker Qualcomm Inc forecast that revenue would come in $2 billion less than Wall Street analysts estimated for the current quarter due to a sharp drop in smartphone sales, and its shares sank 7% in after-hours trading. Qualcomm also said profits would be less than expected. Decades-high …
Qualcomm sharply lowers forecast on smartphone slump, shares slide Read More »
By David Gaffen NEW YORK (Reuters) -Oil prices rose on Wednesday, gaining ground even as other risk assets dropped following the Federal Reserve’s fourth interest rate hike of the year. The market was supported by another decline in U.S. oil inventories as refineries picked up activity ahead of the winter heating season. The oil market …
Oil prices gain by tight supply; other risk assets swoon on Fed rate hike Read More »
By Anirban Sen NEW YORK (Reuters) – DuPont De Nemours Inc’s decision to scrap its deal to buy Rogers Corp has raised concerns that more Western buyers will follow the lead of the U.S. chemicals company in abandoning acquisitions because Chinese regulators will not clear them. DuPont said on Tuesday it terminated its $5.2 billion …
DuPont’s canceled acquisition fuels fears of China scuttling mergers Read More »
HONG KONG/BEIJING (Reuters) -Chinese policymakers pledged on Wednesday that growth was still a priority and they would press on with reforms, helping further boost stock markets buoyed by hopes that Beijing will ease off on its strict COVID-19 measures. The policymakers’ comments came in an apparent bid to soothe fears that ideology could take precedence …
China vows commitment to growth as investors bet on easier COVID policy Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever And so it came to pass: the Fed raised interest rates by three quarters of a percent for the fourth consecutive meeting, cementing its most aggressive tightening cycle in 40 years. But the tide may be turning. Slowly. …
