By Alex Lawler ABU DHABI (Reuters) – OPEC raised its forecasts for world oil demand in the medium-and longer-term in an annual outlook released on Monday and said $12.1 trillion of investment is needed to meet this demand despite the energy transition. The view from the Organization of the Petroleum Exporting Countries, in its 2022 …
OPEC raises long-term oil demand view, calls for investment Read More »
By Natalie Grover BEIJING/LONDON (Reuters) -China has blocked GSK from participating in its bulk-buy drug procurement programme focused on off-patent medicines from Oct. 31 until April 29, 2024, over quality problems with a prostate drug, the British drugmaker said on Monday. First reported by CCTV state television, the ban was imposed by authorities after a …
China bars GSK from bulk-buy drug programme for 18 months Read More »
By Scott Murdoch, Kane Wu and Selena Li HONG KONG (Reuters) – Hong Kong aims to restore its reputation as a global financial hub by playing host to a bevy of top Wall Street executives this week, defying critics who say a talent crunch and geopolitical tensions will hobble its ambition. The high-profile summit is …
Hong Kong bets on summit to herald its comeback as financial hub Read More »
(Reuters) – Instagram is looking into an issue that has prevented thousands of its users from accessing the photo-sharing platform, with several of them complaining about their accounts being suspended. “We’re aware that some of you are having issues accessing your Instagram account. We’re looking into it and apologize for the inconvenience,” Instagram, owned by …
Instagram looking into outage as thousands of accounts ‘suspended’ Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – A global stock index fell and U.S. Treasury yields edged up on Monday as investors prepared for the U.S. Federal Reserve to stick with its aggressive approach to raising interest rates this week. The dollar advanced against the euro and Japanese yen. The Fed, which begins its two-day …
Stocks mostly fall, bond yields gain as focus shifts to Fed, rate hikes Read More »
SEOUL (Reuters) – Poland’s Ze Pak, PGE and Korea Hydro & Nuclear Power (KHNP) signed a letter of intent to cooperate in a nuclear power plant project in Patnow, Poland, South Korea’s energy ministry said on Monday. The three firms will assess the viability of building four 1,400-megawatt nuclear reactors using South Korean technology, the …
Poland, South Korean firms to study nuclear project -S.Korea ministry Read More »
HONG KONG (Reuters) – Hong Kong’s economy contracted by 4.5% in the third quarter from a year earlier, advance government data showed on Monday, shrinking for the third consecutive quarter as trade performance remained weak. The outcome was worse than a range of 0.6% to 0.9% growth projected by HSBC, Morgan Stanley and Natixis, and …
Hong Kong’s Q3 GDP shrinks 4.5% y/y for third straight quarter of contraction Read More »
TOKYO (Reuters) – Japan’s Bridgestone Corp, one of the world’s top tyremakers, said on Monday it had started to look for a local buyer for its Russian operations, citing uncertainty over the outlook and ongoing supply issues. Bridgestone had decided in March to suspend all manufacturing activities and freeze new investments in Russia following the …
Japanese tyremaker Bridgestone to exit Russia, seeks local buyer Read More »
By Georgina Lee HONG KONG (Reuters) – Hong Kong’s government has proposed allowing retail investors to trade in cryptocurrencies and crypto exchange-traded funds – a move it hopes will help it rebuild its fintech hub status. The city, which previously proposed limiting crypto trade to professional investors, has seen planned rules for digital assets heavily …
Hong Kong proposes allowing retail trade in cryptocurrencies Read More »
TOKYO (Reuters) -Japan’s largest airline ANA Holdings Inc on Monday swung to a half-year profit and raised its full-year earnings target as a relaxation of COVID-19 border measures fosters a recovery in travel demand. ANA lifted its operating profit forecast to 65 billion yen ($440 million) for the 12 months through March 31, up from …
Japan carrier ANA Holdings posts half-year profit, raises full-year target Read More »
