WASHINGTON (Reuters) – U.S. Deputy Treasury Secretary Wally Adeyemo said on Tuesday he was hopeful that China and India would join the coalition of countries seeking to impose a price cap on Russian oil or simply use the cap to buy Russian oil at a cheaper price. “Our hope is that countries like China and …
U.S. hopes China, India will at least take advantage of Russian oil price cap-Adeyemo Read More »
By Herbert Lash and Alun John NEW YORK/LONDON (Reuters) -The dollar marched higher on Tuesday after a report on the U.S. services industry in August reinforced the view that the United States was not in recession, while the euro and rate-sensitive Japanese yen tumbled further against the greenback. The dollar index rose 0.547% after the …
By Laila Kearney NEW YORK (Reuters) – Oil prices fell on Tuesday as concern returned about the prospect of more interest rate hikes and COVID-19 lockdowns weakening fuel demand, reversing a two-day rally on OPEC+’s first output target cut since 2020. Brent crude settled at $92.83 a barrel, losing $2.91, or 3%. U.S. West Texas …
Oil sinks as demand fears take steam out of OPEC-led rally Read More »
TOKYO (Reuters) – State-run Japan Oil, Gas and Metals National Corp (JOGMEC) will provide financial and technological support to Japan Inc’s ‘blue’ hydrogen and ammonia projects using carbon dioxide capture and storage (CCS), a company executive said on Tuesday. Japan’s parliament in May passed a bill to allow JOGMEC to finance hydrogen, ammonia and CCS …
Japan’s JOGMEC to support ‘blue’ hydrogen, ammonia projects Read More »
By Leika Kihara TOKYO (Reuters) – Japanese policymakers are struggling to combat the yen’s rapid fall to a 24-year low with little sign of them taking any significant action beyond verbal intervention. Below are possible steps the government and the central bank could take to address further yen weakness, which gives exports a boost but …
Factbox-Japan’s tool-kit to combat sharp yen declines Read More »
TAIPEI (Reuters) -Taiwan’s inflation cooled in August, with the consumer price index (CPI) up 2.66% from a year earlier, an unexpectedly gentler reading and a trend likely to continue, giving the central bank more flexibility on when to raise interest rates. The pace slowed from a 3.36% year-on-year reading for July, the Directorate General of …
Taiwan August inflation cools to below 3%, peak likely passed Read More »
By Tetsushi Kajimoto TOKYO (Reuters) – Japanese Finance Minister Shunichi Suzuki on Tuesday reiterated that sharp yen moves were “undesirable” and that he was watching rising volatility in the exchange market with a “great sense of urgency” as the currency hit a fresh 24-year low. It was Suzuki’s latest verbal warning on the currency but …
Japan Finance Minister says watching rising FX volatility as yen hits new lows Read More »
By Stanley Widianto JAKARTA (Reuters) – Thousands of people rallied in Indonesia’s biggest cities on Tuesday, seeking to pile pressure on the government to reverse its first subsidised fuel price hike in eight years amid soaring inflation. Under pressure to control a ballooning energy subsidy budget, President Joko Widodo on Saturday said he had little …
Rallies across Indonesia as demonstrators denounce fuel price hikes Read More »
By Summer Zhen HONG KONG (Reuters) -Some of Asia’s large China-focused hedge funds are buying more non-China stocks as regulatory scrutiny, policy uncertainties and a slowing mainland economy force them to cut exposure to offshore Chinese assets. Beijing’s clampdown on technology companies, a real estate debt crisis, Sino-U.S. audit tensions and disruptions from zero-COVID policies, …
China-focused hedge funds lower exposure as risks mount Read More »
By Chen Lin and Josh Ye SINGAPORE/HONG KONG (Reuters) – Southeast Asia’s largest e-commerce firm Shopee has rescinded dozens of job offers in the past two weeks, sources said, a move that began shortly after parent company Sea Ltd reported widening losses and sharply slower revenue growth. Four people interviewed by Reuters who have participated …
Tech workers left hanging as Sea e-commerce arm Shopee rescinds job offers Read More »
