(Reuters) -Meta Platforms Inc said on Thursday that several users were having trouble accessing its social network, Instagram. “We’re working to get things back to normal as quickly as possible,” Meta said. About 7,000 users reported issues with the platform, according to Downdetector. The user reports were as high as 24,000 earlier, said Downdetector, which …
By Francesco Canepa and Howard Schneider FRANKFURT/WASHINGTON (Reuters) – Global central banks continued raising interest rates on Thursday, following the U.S. Federal Reserve in a fight against inflation that is sending shockwaves through financial markets and the economy. Japan, the outlier among major developed economies, kept interest rates steady on Thursday only to be punished …
Central banks raise rates again as Fed drives global inflation fight Read More »
TAIPEI (Reuters) -Taiwan’s central bank raised its policy rate on Thursday for the third time this year, reflecting continued concerns about inflation, even as it cut the economic growth forecast for 2022. The central bank raised the benchmark discount rate by 12.5 basis points (bps) to 1.625%, as expected. Economists in a Reuters poll had …
Taiwan central bank raises benchmark rate, cuts growth outlook Read More »
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – Japan intervened in the currency market on Thursday to buy yen for the first time since 1998, in attempt to shore up the hard-hit currency after the Bank of Japan stuck with ultra-low rates. Below are details on how yen-buying intervention typically works as well as …
Explainer-Japan intervenes in the currency market, now what? Read More »
HONG KONG (Reuters) – Developer China Vanke Co Ltd’s property services arm Onewo Inc is set to raise HK$5.75 billion ($733 million) after pricing its shares at HK$49.35 each in its Hong Kong IPO, according to two sources with direct knowledge of the matter. The sources could not be named as the information was not …
China Vanke unit set to raise $733 million in Hong Kong IPO-sources Read More »
By Enrico Dela Cruz (Reuters) – Iron ore futures rebounded from two-week lows on Thursday, bolstered by rising steel output in top producer China and expectations of higher demand for the steelmaking ingredient ahead of the country’s Golden Week holiday. Hopes of more stimulus to shore up China’s COVID-hit economy also added to the buoyant …
Iron ore rebounds on rising China steel output, stimulus hopes Read More »
(Corrects third paragraph to show change takes effect on Sept. 23, not Sept. 26) HONG KONG (Reuters) – Hong Kong on Thursday raised its base rate by 75 basis points (bps) to 3.5%, prompting the largest commercial banks operating in the territory, including HSBC, to increase their best lending rates. HSBC was the first bank …
Hong Kong central bank raises rate, HSBC and Standard Chartered follow Read More »
JAKARTA (Reuters) – Indonesia’s central bank has reinstated rules to sanction natural resources exporters that do not receive their earnings through domestic banks, deputy governor Juda Agung said on Thursday. Indonesia in 2019 issued rules requiring natural resource exporters to place their earnings in the domestic banking system, with the aim of increasing onshore U.S. …
Indonesia resumes penalising exporters that break repatriation rules Read More »
By Clare Jim HONG KONG (Reuters) – When Stephanie Cheung bought a small, two-bedroom apartment for HK$7.7 million ($981,041) as an investment in April 2021, she booked a 6% gain by the summer as Hong Kong’s property market boomed to historical highs. The price surge was driven in part by optimism that Hong Kong’s borders …
Rising rates, price slump deal double blow to Hong Kong homeowners Read More »
LONDON (Reuters) – The Japanese yen rose sharply against the dollar on Thursday after Japanese authorities intervened in the forex market for the first time since 1998 to shore up the battered yen. The dollar was last down nearly 1% at 143.5 yen, having earlier traded more than 1% higher against the Japanese currency. The …
Yen jumps as Japan intervenes in currency market for first time since 1998 Read More »
