Reuters Asia Business Archives - Page 1859 of 2133

‘Waves’ musician Mr. Probz files $10 million suit against Sony over royalties

27 Sep 2022 27 Sep 2022

AMSTERDAM (Reuters) – Lawyers for Dutch musician Mr. Probz, known for his 2013-14 hit “Waves”, said on Tuesday they have filed a claim worth more than 10 million euros ($9.66 million) against Sony in Amsterdam over royalties the artist argues Sony fraudulently withheld. Mr. Probz, whose real name is Dennis Stehr, argues that Sony deducted …

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Oil rises 2% from multi-month low on U.S. Gulf output cuts, supply outlook

27 Sep 2022 27 Sep 2022

By Laila Kearney NEW YORK (Reuters) – Oil rose about $2 a barrel on Tuesday from a nine-month low a day earlier, supported by supply curbs in the U.S. Gulf of Mexico ahead of Hurricane Ian and as the U.S. dollar eased from its strongest level in two decades. Prices drew support from analyst expectations …

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Dollar takes a breather even as rate worries dent risk appetites

27 Sep 2022 27 Sep 2022

By Sinéad Carew and Alun John NEW YORK/LONDON (Reuters) – The dollar made little progress in a choppy session on Tuesday while appetites for riskier bets were still weak as Federal Reserve policymakers talked about more interest rate hikes. The greenback was up against the euro but losing ground against the British pound and Japan’s …

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Exclusive-Afghan Taliban sign deal for Russian oil products, gas and wheat

27 Sep 2022 27 Sep 2022

By Mohammad Yunus Yawar and Charlotte Greenfield KABUL (Reuters) – The Taliban have signed a provisional deal with Russia to supply gasoline, diesel, gas and wheat to Afghanistan, Acting Afghan Commerce and Industry Minister Haji Nooruddin Azizi told Reuters. Azizi said his ministry was working to diversify its trading partners and that Russia had offered …

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Crypto exchange FTX to acquire bankrupt Voyager’s assets

27 Sep 2022 27 Sep 2022

(Reuters) – Bankrupt crypto lender Voyager Digital said on Monday crypto exchange FTX has won an auction for its assets, in a bid valued at about $1.42 billion. FTX’s bid comprises of a fair market value of all Voyager cryptocurrency, at a to-be-determined date, which is estimated to be $1.31 billion at current market prices …

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Shenzhen govt-owned firm steps in to complete four Evergrande projects

27 Sep 2022 27 Sep 2022

HONG KONG (Reuters) – Embattled China Evergrande Group is working with a real estate investment and operations firm owned by the Shenzhen government to complete four property developments in the tech hub, the two companies said. They said in a joint statement posted on the Wechat account of Evergrande’s Shenzhen unit on Monday that as …

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WTO chief expects downside revisions in global trade forecast

27 Sep 2022 27 Sep 2022

GENEVA (Reuters) – The head of the World Trade Organization told Reuters on Tuesday that she expects that global trade forecasts will be revised lower from the current 3% for 2022, citing the ongoing Russia-Ukraine war and related food and energy crises. “We are in the middle of revising our forecasts now but it’s not …

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Outbound Asian tourists to hit pre-pandemic levels by 2024-Agoda CEO

27 Sep 2022 27 Sep 2022

(Refiles to add dropped letter in CEO’s name) By Chayut Setboonsarng BANGKOK (Reuters) – Asian tourists are only expected to resume international travel at pre-pandemic levels gradually, by 2024, the new chief executive of online travel agency Agoda said late on Monday. The Asia-focused company expects tourists from Asian countries, excluding China, will take about …

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Asian Development Bank vows more help for crisis-hit Sri Lanka

27 Sep 2022 27 Sep 2022

By Karen Lema and Tetsushi Kajimoto MANILA/TOKYO (Reuters) – The Asian Development Bank (ADB) is ready to provide further financial support to Sri Lanka, a top official of the regional lender said on Tuesday, as the Indian Ocean nation battles its worst economic crisis in more than seven decades. The remarks came after an ADB …

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China vows positive trade growth in the second half of the year

27 Sep 2022 27 Sep 2022

BEIJING (Reuters) -China can achieve positive foreign trade growth in the second half of 2022 despite slowing external demand, Vice Commerce Minister Wang Shouwen said on Tuesday, amid growing pressure to stabilise its import and export flows. Foreign trade, the last reliable pillar of the world’s second-largest economy as it struggles with COVID-19 outbreaks, weak …

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Reuters Asia Business﻿﻿

Reuters Asia Business