BEIJING (Reuters) – China will refund individual income tax for home buyers if they sell their homes and purchase a new one in the same city within one year after selling, the finance ministry said on Friday, in order to boost sluggish housing demand. The notice, effective from Saturday until Dec. 31, 2023, said if …
China to refund individual income tax for some home buyers -finance ministry Read More »
SEOUL (Reuters) – South Korea has issued warnings and made various efforts to prop up the won, one of the world’s worst performing major currencies this year. The won, near its lowest level since March 2009, has weakened 17% against the U.S. dollar so far in 2022. Below is the list of recent steps South …
Factbox-What South Korea has done and could do to defend won Read More »
By Fanny Potkin, Tom Allard, Kate Lamb and Christopher Bing (Reuters) -More than a dozen senior Indonesian government and military officials were targeted last year with spy software designed by an Israeli surveillance firm, according to nine people with knowledge of the matter. Six of the individuals told Reuters they were targeted themselves. The targets …
Exclusive-Senior Indonesian officials targeted by spyware last year – sources Read More »
By David Shepardson LAS VEGAS (Reuters) -Toyota Motor Corp President Akio Toyoda said California’s new zero-emission requirements that seek to end sales of new gasoline-only vehicles by 2035 will be “difficult” to meet. “Realistically speaking, it seems rather difficult to really achieve them,” Toyoda said on Thursday through a translator during a roundtable interview with …
Toyota president calls meeting California zero-emissions requirements ‘difficult’ Read More »
By Lawrence Delevingne (Reuters) – Investors added another cycle of selling on Thursday as the dollar barely eased its stranglehold on currency markets, recession fears sapped stocks and bonds suffered more interest rate pain. After a partial rebound on Wednesday, U.S. stocks fell sharply. The Dow Jones Industrial Average fell 1.5%, the S&P 500 lost …
‘Pick-your-poison’: Wall Street sell-off resumes Read More »
(Reuters) -Facebook-parent Meta Platforms will freeze hiring and further restructure amid an uncertain macroeconomic situation, Bloomberg News reported on Thursday, quoting Chief Executive Mark Zuckerberg’s communication with employees. Several tech companies have been forced to slash headcount in recent months as advertisers trim spending to prepare for a looming recession. “I had hoped the economy …
Meta Platforms pauses hiring, warns of restructuring – Bloomberg News Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Sterling rose sharply in volatile trading on Thursday, rallying from record lows hit on Monday, after the Bank of England conducted a second day of bond buying to stabilize financial markets. The pound posted its largest one-day percentage gain since March 2020 and last traded at $1.1076, up …
Sterling rallies for 3rd day after BoE bond buys; U.S. dollar down Read More »
WASHINGTON (Reuters) – U.S. Trade Representative Katherine Tai met Britain’s new trade minister, Kemi Badenoch, on Thursday, and the two discussed addressing challenges posed by China, Tai’s office said. “She also highlighted the opportunity to continue working together across multiple platforms to address the shared challenges posed by the People’s Republic of China’s non-market economic …
UK, U.S. trade officials discuss challenges posed by China Read More »
By Shariq Khan NEW YORK (Reuters) -Oil prices settled lower on Thursday in choppy trading, rising above $90 per barrel and then retreating as traders weighed a worsening economic outlook against potential OPEC+ output cuts next week. Brent crude futures settled down 83 cents at $88.49 per barrel, after rising as high as $90.12 during …
Oil settles lower after hitting $90/bbl as OPEC+ considers output cut Read More »
By Roberto Samora SAO PAULO (Reuters) – Brazil, the world’s biggest soybeans supplier, has overtaken rival United States as the most competitive shipper of the oilseed to top importer China, the head of rail company Rumo said on Thursday. Rumo Chief Executive Joao de Abreu noted Brazil’s cost per tonne in dollars to ship soy …
Brazil more competitive than U.S. to ship soy to China, Rumo CEO says Read More »
