By Caroline Valetkevitch NEW YORK (Reuters) – The dollar strengthened sharply against the Japanese yen on Tuesday as remarks by U.S. Federal Reserve officials hinted that more interest rate hikes are coming in the near term. A trio of Fed officials from across the policy spectrum suggested Tuesday that they and their colleagues remain resolute …
Dollar jumps vs yen as Fed officials hint more rate hikes coming Read More »
By Stephen Culp NEW YORK (Reuters) – U.S. stocks ended a choppy session lower on Tuesday, while the dollar rallied as risk appetite was dampened by economic uncertainties and escalating U.S.-China tensions. All three major U.S. stock indexes closed red, with the blue-chip Dow faring worst. Economically sensitive transports underperformed the broader market. Meanwhile, the …
Wall Street dips, dollar gains on economic, geopolitical concerns Read More »
By Alexandra Alper and David Lawder WASHINGTON (Reuters) -Chinese investors roughly doubled the number of applications they made last year seeking U.S. regulatory clearance for proposed stakes in American companies, according to a new Treasury Department report released on Tuesday. The annual report https://home.treasury.gov/system/files/206/CFIUS-Public-AnnualReporttoCongressCY2021.pdf for the Committee on Foreign Investment in the United States (CFIUS), …
Chinese filings for U.S. clearance on investments doubled in 2021 Read More »
By Scott DiSavino NEW YORK (Reuters) -Oil futures edged up less than 1% on Tuesday ahead of a meeting of OPEC+ producers this week that may not lead to a further boost in crude supply amid concerns a possible global recession could limit energy demand. Brent futures rose 51 cents, or 0.5%, to settle at …
Oil edges up ahead of OPEC meeting despite recession worries Read More »
By Josh Ye, Julie Zhu and Kane Wu HONG KONG (Reuters) – Unity Software Inc, the U.S. developer best known for software used to design video games, is in talks to spin off its China unit to help it expand in the world’s biggest games market, four people with knowledge of the matter told Reuters. …
By Nivedita Balu (Reuters) – Uber Technologies Inc reported positive quarterly cash flow for the first time ever on Tuesday and forecast third-quarter operating profit above estimates, as more people rely on its services for transport and ordering in food. The company’s stock surged 15% to $28.2 and helped push shares of Lyft Inc by …
Uber turns cash flow positive for the first time in bumper quarter Read More »
By Yuka Obayashi TOKYO (Reuters) -Japanese trading houses Mitsui & Co and Mitsubishi Corp have cut the value of their stakes in the Sakhalin-2 liquefied natural gas (LNG) project in Russia by 217.7 billion yen ($1.66 billion) following Moscow’s move to seize control of the project. Russian President Vladimir Putin signed a decree https://www.reuters.com/article/ukraine-crisis-russia-oil-sakhalin2-idAFL1N2YI04P on …
Japan’s Mitsui, Mitsubishi shave $1.7 billion off Sakhalin-2 LNG stakes Read More »
By Makiko Yamazaki TOKYO (Reuters) -Mitsubishi UFJ Financial Group Inc reported a 70% plunge in first-quarter net profit, blaming one-off losses related to the sale of MUFG Union Bank and a drop in the value of its stake in ride-hailing firm Grab Holdings. The bank, Japan’s largest lender by assets, booked an appraisal loss of …
Mitsubishi UFJ profit dives on one-off losses linked to U.S. unit sale, Grab Read More »
ISLAMABAD (Reuters) -Pakistan has met the International Monetary Fund’s final prerequisite for the release of $1.1 billion of bailout funds under the seventh and eighth reviews, the lender’s resident representative said on Tuesday. The last condition was an increase in the petroleum development levy on July 31, the IMF’s Esther Perez Ruiz told Reuters in …
Pakistan satisfies final condition for release of IMF funds Read More »
HANOI (Reuters) – Vietnam on Tuesday imposed an anti-dumping levy of 47.64% on some sugar products imported from five Southeast Asian countries but originating from Thailand for a period of four years, the country’s trade ministry said. Last year, Vietnam imposed similar measures on sugar imports from Thailand, effective for five years. However, local firms …
Vietnam imposes 47.64% anti-dumping tax on sugar imports originating from Thailand Read More »
