By Georgina Lee and Summer Zhen HONG KONG (Reuters) – As Hong Kong prepares to launch yuan-denominated stocks in its markets, investors and analysts view it mainly as a test run for China’s ambitions to internationalise the yuan. In the weeks since Hong Kong Financial Secretary Paul Chan disclosed the plan for a ‘one stock, …
Hong Kong’s ‘one stock, two currencies’ plan reflects China’s yuan ambitions Read More »
TOKYO (Reuters) – Joby Aviation Inc, a U.S. air taxi startup backed by Japanese automaker Toyota Motor Corp, said on Tuesday it has applied to Japan’s transport ministry for aircraft certification as it prepares to launch urban transportation services. Joby, in which Toyota has invested $394 million, designs and builds all-electric vertical take-off and landing …
Toyota-backed flying car firm Joby seeks Japan air certification Read More »
SYDNEY (Reuters) – Singapore’s Prime Minister Lee Hsien Loong said on Tuesday there is no consensus yet for China to join a trans-Pacific trade pact, although Singapore believed it would be possible for Beijing to meet the trade bloc’s conditions. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade pact removes 95% of tariffs …
No consensus yet on China joining regional trade pact – Singapore PM Read More »
MANILA (Reuters) – The Philippines will continue to use interest rates to mitigate against inflation and may step in to defend a depreciating peso, President Ferdinand Marcos Jr said on Tuesday. “We may have to defend the peso in the coming months, but the overall forecast is that we are still doing better than other …
Philippines looking at market intervention to defend peso – govt officials Read More »
By Stephen Culp NEW YORK (Reuters) – Wall Street jumped to robust gains on Monday as solid earnings and a financial policy reversal in Britain fueled risk appetite and boosted the sterling and euro against the greenback. All three major U.S. stock indexes rallied to end the session 1.9% to 3.4% higher while and the …
Wall Street ends sharply higher, dollar dips on UK U-turn, strong earnings Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever While most financial assets can fall to zero, there usually comes a point where so much bearishness is factored into the price that there’s limited scope for further losses, and the alarm bells turn to screaming ‘buy’ signals …
By Sheila Dang (Reuters) – Alphabet Inc’s YouTube will expand ways for advertisers to reach music and podcast listeners and viewers on connected televisions, the company said on Monday. The announcements come as the advertising industry has struggled amid record-high inflation and supply-chain disruptions, which have caused some brands to pull back on marketing budgets. …
YouTube expands audio and podcast advertising for brands Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices held steady on Monday in choppy trading as fears that high inflation and energy costs could drag the global economy into recession offset China’s continuation of loose monetary policy. Brent crude futures were down 1 cents, or 0.01%, to $91.62 a barrel, recovering from a 6.4% fall last …
Oil steady as recession woes counter positive Chinese signals Read More »
By Eva Mathews and Savyata Mishra (Reuters) – Netflix Inc’s subscriber growth forecast will be in focus when it reports third-quarter results on Tuesday, with the streaming pioneer set to launch an ad-supported plan to better compete with rivals such as Disney+ and HBO Max. Last week, Netflix said it would launch the plan in …
Netflix’s forecast in focus as streaming pioneer set to launch ad-supported tier Read More »
(Reuters) – THG said on Monday a trading arm of Japan’s SoftBank Group Corp has agreed to sell its holding in the British e-commerce group to THG Chief Executive Matthew Moulding and Qatar’s sovereign wealth fund. SB Northstar, the fourth largest shareholder in THG, will sell its 80.6 million shares, which represent about 6.4% of …
