Reuters Asia Business

By Stephen Culp NEW YORK (Reuters) – Wall Street closed sharply higher and benchmark Treasury yields hit pause on Friday following signals that the Federal Reserve might consider less aggressive inflation-curbing tactics after November. All three major U.S. stock surged more than 2%, and notched their biggest Friday-to-Friday percentage gains since June, closing the book …

Wall St rallies, Treasury yields dip on hopes of easing Fed policy Read More »

By Joseph White and Joshua Schneyer DETROIT (Reuters) -Hyundai Motor Co, Korea’s top automaker, is investigating child labor violations in its U.S. supply chain and plans to “sever ties” with Hyundai suppliers in Alabama found to have relied on underage workers, the company’s global chief operating officer Jose Munoz told Reuters on Wednesday. A Reuters …

Exclusive-Korean auto giant Hyundai investigating child labor in its U.S. supply chain Read More »

By Laila Kearney NEW YORK (Reuters) -Oil prices settled up on Friday as hopes of stronger Chinese demand and a weakening U.S. dollar outweighed concern about a global economic downturn and the impact of interest rate rises on fuel use. To fight inflation, the U.S. Federal Reserve is trying to slow the economy and will …

Oil prices settle up; China demand hopes outweigh recession worry Read More »

By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar tumbled against the yen on Friday, logging its biggest daily drop against the Japanese currency in more than two months as traders and strategists said Japanese authorities may be in the market to stem a slide in their battered currency. The yen rose as high …

Dollar sinks vs yen, BOJ intervention suspected ahead of weekend Read More »

By Tom Bateman and Rocky Swift TOKYO (Reuters) – The weak yen forced Suzy Iwamoto to raise prices on imported wines at her bar and bottleshop in Tokyo by about 10% last month, and she fears more hikes may be inevitable after the yen plumbed levels this week that were last seen 32 years ago. …

Japan’s wine tipplers see glass half empty as weak yen pushes prices higher Read More »

LONDON (Reuters) – BHP Group’s Chief Executive Mike Henry said on Friday he was “cautiously optimistic” about the economic outlook for China, despite uncertainty. “There is uncertainty in China – albeit, our view is that China is still going to provide a bit of stability or underpinning to global economic growth over the next 12 …

BHP chief executive cautiously optimistic about China’s economic growth Read More »