BANGKOK (Reuters) – Thailand’s economy is expected to grow 4% to 5% next year as the vital tourism sector picks up pace, despite a rising trend in interest rates, the finance minister said on Wednesday. This year’s growth of 3.0% to 3.5% predicted by state agencies is considered a clear recovery, Finance minister Arkhom Termpittayapaisith …
Thai GDP growth seen at 4-5% next year – Finance Minister Read More »
TOKYO (Reuters) – Japan’s Nikkei ended above the key psychological level of 29,000 on Wednesday for the first time in more than seven months, after an overnight Wall Street rally in major indexes following robust earnings by U.S. retailers. The Nikkei share average rose 1.23% to 29,222.77, its highest closing level since Jan. 5. The …
Nikkei ends above 29,000 for first time in seven months on Wall Street rally Read More »
By Chibuike Oguh NEW YORK (Reuters) -Global equity markets were flat while U.S. Treasury yields rose on Tuesday, as recession worries persisted amid concern the Federal Reserve will continue its steep interest rate hikes despite nascent signs of a slowdown in inflation. The yield curve between two- and 10-year Treasury notes, viewed as an indicator …
Global stocks steady, U.S. Treasury yields rise as recession worries persist Read More »
By Julie Zhu and Kane Wu HONG KONG (Reuters) – China’s Tencent Holdings plans to sell all or a bulk of its $24 billion stake in food delivery firm Meituan to placate domestic regulators and monetise an eight-year-old investment, four sources with knowledge of the matter said. Tencent, which owns 17% of Meituan, has been …
Exclusive – Tencent plans to divest Meituan stake worth $24 billion – sources Read More »
(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever Earnings from China’s Tencent, an interest rate decision from New Zealand, and a clutch of Japanese economic indicators will give Asian markets a local steer on Wednesday, following another solid rise on Wall Street and notable decline in oil prices. Tencent’s …
Marketmind: Tencent’s Q2 results take center stage in Asia Read More »
By Pete Schroeder and Hannah Lang WASHINGTON (Reuters) – The U.S. Federal Reserve on Tuesday issued additional guidance for banks considering activities involving cryptocurrencies, emphasizing that firms must notify the Fed beforehand and make sure whatever they do is legally permitted. The Fed said in a statement that while cryptocurrencies could present “potential opportunities” to …
Federal Reserve issues guidance for banks considering crypto activities Read More »
By Karen Brettell NEW YORK (Reuters) – The dollar was little changed against a basket of currencies on Tuesday as investors waited on U.S. retail sales and minutes from the Federal Reserve’s July meeting on Wednesday. The greenback has bounced from a six-week low last week as investors ramp up bets that the U.S. central …
By Medha Singh and Lisa Pauline Mattackal (Reuters) – It looks like ethereum’s mega-upgrade is happening. Finally. After years of delays, the “Merge” seems all but certain to take place in September, with the cryptography underlying the blockchain undergoing a radical shift to a system where the creation of new ether tokens becomes far less …
Cryptoverse: Electric ether leaps on verge of Merge Read More »
(Reuters) – Adani Green Energy Ltd was issued provisional approvals for an investment of over $500 million in two wind projects in Sri Lanka, the country’s power and energy minister Kanchana Wijesekera tweeted on Tuesday. The provisional approvals are for two wind projects in the town of Mannar and Pooneryn, a village in the Northern …
Sri Lanka grants Adani Green Energy provisional approvals for wind projects Read More »
BEIJING (Reuters) – A ridehailing unit of China’s state-owned SAIC Motor has raised more than 1 billion yuan ($147.37 million) in a second round of fundraising from its autonomous technology partner Momenta and several other institutions, according to a Momenta statement and a person familiar with the matter. The latest financing boosted SAIC Mobility’s value …
SAIC Motor’s ridehailing unit raises 1 billion yuan in Series B funding Read More »
