Reuters Asia Business

By Jonathan Landay WASHINGTON (Reuters) -The United States on Wednesday announced that it would transfer $3.5 billion in Afghan central bank assets into a new Swiss-based trust fund that will be shielded from the Taliban and used to help stabilize Afghanistan’s collapsed economy. The Afghan Fund, managed by a board of trustees, could pay for …

U.S. to move $3.5 billion in Afghan central bank assets to Swiss-based trust Read More »

By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stock markets stumbled for a second straight day on Wednesday as a reading on inflation did little to alter expectations the U.S. Federal Reserve will stay aggressive in fighting inflation, while the yen jumped as Japan indicated it could move to prop up the …

Stocks dip on Fed concerns, yen strengthens on potential Japan intervention Read More »

By Caroline Valetkevitch NEW YORK (Reuters) – The yen rose 1% against the dollar on Wednesday after the Bank of Japan conducted a rate check in possible preparation for currency intervention, while investors digested U.S. producer prices data. In a rate check, central bank officials call up dealers and ask for the price of buying …

Yen rallies vs dollar after BOJ rate check, hints on intervention, U.S. PPI data Read More »

By Soo-hyang Choi and Joyce Lee SEOUL (Reuters) – South Korea levied tens of millions of dollars in fines on Alphabet’s Google and Meta Platforms for privacy law violations, authorities said on Wednesday. In a statement, the Personal Information Protection Commission said it fined Google 69.2 billion won ($50 million) and Meta 30.8 billion won …

S.Korea fines Google, Meta billions of won for privacy violations Read More »

By David Gaffen NEW YORK (Reuters) -Oil edged up 1% on Wednesday as an international energy watchdog expects an increase in gas-to-oil switching due to high prices this winter, even though the outlook for demand remains gloomy. Brent crude futures settled up 93 cents, or 1%, at $94.10 a barrel, while U.S. West Texas Intermediate …

Oil rises 1% on supply concerns, expectations for fuel switching Read More »

TOKYO (Reuters) -Moderna Inc has held talks with the Chinese government about supplying COVID-19 vaccines, but no decision has yet been made, CEO Stephane Bancel told Reuters on Wednesday. As the rest of the world gradually lifts COVID restrictions, China continues to lock down enormous parts of society and conduct mass testing to eradicate the …

Moderna open to supplying COVID vaccines to China, CEO says Read More »