By Daniel Leussink YAMAGATA, Japan (Reuters) – Japanese farmer Kiyoharu Hirao has started to add more rice to the mix he gives his cattle in order to stretch his money further as a plunging yen drives up the cost of imported corn used in animal feed. That makes him worried about the quality of his …
On Japan’s farms, a weakening yen adds to slow-burning discontent Read More »
HONG KONG (Reuters) – A winding-up petition has been filed against embattled property developer China Evergrande Group at the Hong Kong high court, the judiciary’s website showed. The petition was made by “Top Shine Global Limited of Intershore Consult (Samoa) Limited”, according to the website, and a hearing will be held on Aug. 31. Evergrande …
China Evergrande faces winding-up lawsuit in Hong Kong Read More »
LONDON (Reuters) -Britain, the United States, Japan and Canada will ban new imports of Russian gold as part of efforts to tighten the sanctions squeeze on Moscow for its invasion of Ukraine, the British government said on Sunday. The ban will come into force shortly and apply to newly mined or refined gold, the government …
UK, U.S., Japan and Canada to ban Russia gold imports Read More »
SHANGHAI (Reuters) – China’s securities regulator proposed rules to regulate private pension investment via mutual funds, setting the criteria for qualified products and sales agents under a scheme that will channel fresh savings into the country’s capital markets. The draft rules, published by the China Securities Regulatory Commission (CSRC) late on Friday, came after Beijing …
China proposes rules to regulate private pension investment via mutual funds Read More »
KUALA LUMPUR (Reuters) – Malaysia is expected to spend 77.3 billion ringgit ($17.6 billion) in subsidies and cash aid this year, the largest amount in history, to help temper the effects of rising prices, its finance minister said on Saturday. Prices of goods have jumped in Malaysia in recent months due to supply chain disruptions, …
Malaysia plans record $18 billion subsidy spend in inflation fight Read More »
SHANGHAI (Reuters) – China’s central bank said on Saturday it had signed an agreement with the Bank for International Settlements to establish a Renminbi Liquidity Arrangement (RMBLA) that will provide support to participating central banks in times of market fluctuations. The People’s Bank of China (PBOC) said the arrangement’s first participants, in addition to the …
China’s central bank, BIS set up renminbi liquidity arrangement Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – Stocks on global markets rallied on Friday and registered strong gains for the week as a recent slide in commodity prices eased worries about inflation and the rate hike outlook. The S&P 500 climbed 3.1% in its biggest daily percentage gain since May 2020, and the MSCI global …
Stocks gain sharply for day and week, while copper falls further Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar slipped on Friday and posted its first weekly decline this month, as traders pared back bets on where interest rates may peak and brought forward their outlook on the timing of rate cuts to counter a possible recession. A significant factor this week has been …
U.S. dollar retreats as markets re-assess Fed rate path Read More »
By Laura Sanicola (Reuters) -Oil prices settled up by more than $3 a barrel on Friday, supported by tight supply, but they notched their second weekly decline on concern that rising interest rates could push the world economy into recession. Brent crude settled up $3.07, or 2.8%, at $113.12 a barrel by 12:10 p.m. EDT …
Oil settles up but posts weekly decline on recession fears Read More »
(Reuters) – Industrial and Commercial Bank of China (ICBC) said on Friday its wealth management joint venture with Goldman Sachs Group Inc had received the country’s banking regulator’s approval to begin operations. The China Banking and Insurance Regulatory Commission’s (CBIRC) nod comes as the world’s second-largest economy opens up its giant financial sector to investments …
China approves ICBC-Goldman JV to start offering wealth services Read More »
