TOKYO (Reuters) – Japan’s core consumer price index for May is expected to climb 2.1% from a year earlier, its second straight month of gains above the central bank’s 2% inflation target, a Reuters poll showed on Friday. “Although there was a lull in the growth of energy costs due to an expansion of subsidies …
By Jane Lanhee Lee and Stephen Nellis SANTA CLARA, Calif. (Reuters) – SANTA CLARA, Calif. A Taiwan Semiconductor Manufacturing Co executive said at a conference on Thursday that the world’s biggest chipmaker will have the next version of ASML’s most advanced lithography tool in 2024. “Looking ahead, TSMC will bring in high-NA EUV scanners in …
TSMC says it will have advanced ASML chipmaking tool in 2024 Read More »
By Koh Gui Qing NEW YORK (Reuters) -World stocks plummeted again on Thursday and government bonds hovered near multi-year highs after a series of rate rises from global central banks rekindled fears that aggressive policy tightening could drag economies into recession. Following a relief rally on Wednesday when investors welcomed the U.S. Federal Reserve’s aggressive …
Investors dump shares on growth fears as Swiss, UK hike rates Read More »
(Reuters) – Singapore-based crypto hedge fund Three Arrows Capital failed to meet margin calls this past weekend as cryptocurrency prices slid, according to a report from the Financial Times. New Jersey-based crypto lender BlockFi was among the groups that liquidated at least some of Three Arrows’ positions, the FT said, citing people familiar with the …
Crypto hedge fund Three Arrows Capital fails to meet margin calls -FT Read More »
By David Gaffen NEW YORK (Reuters) -Oil prices rose on Thursday in topsy-turvy trading after the United States announced new sanctions on Iran, and as energy markets stayed focused on supply concerns that have sent prices soaring this year. The market slipped earlier as interest rate hikes in the United States, Britain and Switzerland fed …
Oil rebounds as new Iran sanctions fuel more supply concerns Read More »
By Emma Farge GENEVA (Reuters) -Major members of the World Trade Organization reached an initial deal on Thursday, winning over India which said it was confident more global accords could be achieved as negotiations on fishing, vaccines and food security entered their final hours. Ministers from more than 100 countries convened at the global trade …
WTO reaches initial deal as India’s defiance tempered Read More »
By Arshad Mohammed and Daphne Psaledakis WASHINGTON (Reuters) -The United States on Thursday imposed sanctions on Chinese and Emirati companies and a network of Iranian firms that help export Iran’s petrochemicals, a step that may aim to raise pressure on Tehran to revive the 2015 Iran nuclear deal. The U.S. Treasury department said it had …
U.S. pressures Iran by targeting Chinese, UAE companies Read More »
By Aditi Shah NEW DELHI (Reuters) – South Korea’s Hyundai Motor Co has begun developing a small electric car for India for the future even as it focuses on bringing more premium models to the country starting this year, an executive told Reuters on Thursday. Various departments are working on issues such as charging ecosystem, …
Hyundai working on small, affordable electric car for India Read More »
BANGKOK (Reuters) – Thailand’s economic teams on Thursday agreed to extend some support measures to reduce living costs for another three months, and sought cooperation from refineries to help boost the country’s depleted oil fund amid rising energy prices. The measures, decided at an urgent economic meeting called by Prime Minister Prayuth Chan-ocha, came after …
Thailand agrees more support measures amid surging oil prices Read More »
TAIPEI (Reuters) -Taiwan’s central bank raised its policy rate on Thursday for the second time this year, reflecting concerns about quickening inflation and following the U.S. Federal Reserve’s largest interest rate increase in more than a quarter of a century. It also revised down the trade-reliant island’s growth outlook for 2022. The central bank raised …
Taiwan central bank raises benchmark interest rate to 1.5% Read More »
