Reuters Asia Business Archives - Page 1815 of 2133

Wall Street mixed, European shares end nearly flat; sterling, euro fall

27 Oct 2022 27 Oct 2022

By Chris Prentice and Elizabeth Howcroft WASHINGTON/LONDON (Reuters) -U.S. stocks were mixed and European shares ended nearly flat on Thursday as investors balanced mixed earnings reports and economic data, while the pound retreated from mid-September highs. Oil prices extended their rally on optimism over record U.S. crude exports. The U.S. dollar gained against major currencies. …

Wall Street mixed, European shares end nearly flat; sterling, euro fall Read More »

China Southern website shows 737 MAX could return to Chinese service on Oct 30

27 Oct 2022 27 Oct 2022

By Jamie Freed and Brenda Goh (Reuters) -China Southern Airlines Co Ltd has scheduled domestic flights with the 737 MAX on Oct. 30, a booking search on its website shows, marking a possible return to service for the Boeing Co model in China after more than three years. The flights from its hub in Guangzhou …

China Southern website shows 737 MAX could return to Chinese service on Oct 30 Read More »

Marketmind: The yen also rises

27 Oct 2022 27 Oct 2022

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever The heat is off the Bank of Japan. A little. The BOJ announces its policy decision on Friday against a much calmer market backdrop than only a few days ago. Economists expect no change to the bank’s ultra-loose …

Marketmind: The yen also rises Read More »

Oil settles higher on strong crude demand, easing recession fears

27 Oct 2022 27 Oct 2022

By Laura Sanicola (Reuters) -Oil rose more than $1 a barrel on Thursday, extending the previous day’s rally of nearly 3%, as optimism over record U.S. crude exports and signs that recession fears are abating outweighed concern over slack demand in China. Data showed record U.S. crude exports, a hopeful sign for demand. [EIA/] Speculation …

Oil settles higher on strong crude demand, easing recession fears Read More »

Altria partners with Japan Tobacco to bolster smoke-free category

27 Oct 2022 27 Oct 2022

(Reuters) – Marlboro maker Altria Group Inc on Thursday announced a strategic partnership with Japan Tobacco in an attempt to boost its smoke-free category. Altria and JT will jointly establish Horizon Innovations LLC, which would be responsible for U.S. marketing and commercialization of heated tobacco stick (HTS) products owned and developed by either company. Altria …

Altria partners with Japan Tobacco to bolster smoke-free category Read More »

Biden administration expects deal with allies on China export curbs soon

27 Oct 2022 27 Oct 2022

By Alexandra Alper and Karen Freifeld WASHINGTON (Reuters) – The Biden administration expects to ink a deal with allies in the near-term to bring them on board with new U.S. rules curbing China’s access to sophisticated chipmaking tools, a senior Commerce Department official said on Thursday. This month, the Commerce Department published a sweeping set …

Biden administration expects deal with allies on China export curbs soon Read More »

South Africa’s Telkom launches 5G network with Huawei

27 Oct 2022 27 Oct 2022

JOHANNESBURG (Reuters) – South African telecoms operator Telkom has launched its 5G high-speed internet network using technology from China’s Huawei Technologies, the companies said on Thursday. Telkom, part-owned by the state, joins bigger rivals Vodacom and MTN and smaller peer rain in the 5G race, as it wants to boost its fast-growing mobile data and …

South Africa’s Telkom launches 5G network with Huawei Read More »

Unilever downbeat on Europe, China consumer sentiment

27 Oct 2022 27 Oct 2022

By Richa Naidu LONDON (Reuters) -Unilever Plc on Thursday gave a dire assessment of consumer sentiment in Europe and China, two of its key markets, but raised its full year sales forecast as it lifted prices to counter soaring costs. Like the rest of the consumer goods industry, Unilever’s margins have been squeezed since the …

Unilever downbeat on Europe, China consumer sentiment Read More »

CIF earmarks $1 billion for clean power move in South Africa, Indonesia

27 Oct 2022 27 Oct 2022

By Simon Jessop LONDON (Reuters) – Climate Investment Funds, a leading multilateral investor in developing countries, said it will allocate $1 billion to help South Africa and Indonesia move away from coal to clean power. The move comes ahead of the next round of global climate talks in Egypt in November, at which emerging markets …

CIF earmarks $1 billion for clean power move in South Africa, Indonesia Read More »

Aggressive rate hikes the name of the game for big central banks

27 Oct 2022 27 Oct 2022

LONDON (Reuters) – The European Central Bank delivered a second straight 75-basis-point interest rate hike on Thursday, the latest sign that major central banks are serious about curbing hot inflation. Central banks in the 10 big developed economies have raised rates by a combined 2,165 basis points (bps) in this cycle to date, with Japan …

Aggressive rate hikes the name of the game for big central banks Read More »

Reuters Asia Business﻿﻿

Reuters Asia Business