By Julie Zhu and Kane Wu HONG KONG (Reuters) -China’s internet search engine giant Baidu Inc is in talks to sell its controlling stake in iQIYI Inc, China’s answer to Netflix, in a deal that could value all of iQIYI at about $7 billion, two people with knowledge of the matter said. Baidu, which owns …
By Leika Kihara TOKYO (Reuters) -Japan’s government hopes the central bank will take “necessary measures appropriately” in light of the yen’s recent sharp falls and rising cost of living, Chief Cabinet Secretary Hirokazu Matsuno said on Wednesday. When asked about the yen’s decline to a fresh 24-year low, the top government spokesperson also reiterated Tokyo’s …
Japan govt hopes BOJ takes ‘necessary’ action on yen, inflation Read More »
(Updates with futures close, latest yields) By Kevin Buckland TOKYO (Reuters) – Japanese government bond futures plunged the most in years and yields clung to the upper limit of the central bank’s policy band on Wednesday as traders bet the Bank of Japan’s ultra-easy policy was unsustainable, even as the monetary authority announced additional bond …
Japan govt bond futures collapse, yields test band despite BOJ heavy hand Read More »
BEIJING/SYDNEY (Reuters) – China Southern Airlines Co Ltd this week conducted test flights with a Boeing Co 737 MAX plane for the first time since March, flight tracking websites showed, in a sign the jet’s return in China could be nearing as demand rebounds. A MAX jet registered as B-1127 took off from the airline’s …
China Southern Boeing 737 MAX makes test flights as domestic demand picks up Read More »
By Shadia Nasralla and Ahmad Ghaddar LONDON (Reuters) – Drivers around the world are tolerating record-high prices for road fuels, as mobility wins out for now over other spending in squeezed household budgets, data showed. The high prices have not yet breached the pain threshold for drivers in major demand centres. But that might change …
By Emma Farge and Philip Blenkinsop GENEVA (Reuters) – A global deal to cut fishing subsidies could be struck at a major ministerial meeting of the World Trade Organization this week even though India in particular pushed for a major exemption, officials said on Tuesday. The 27-year-old trade body has not reached a major deal …
WTO members hopeful on major fish deal despite exemption push Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar hit a fresh two-decade high against a basket of currencies on Tuesday, as traders braced for an aggressive rate hike from the U.S. Federal Reserve this week to try to curb inflation. Investors have been unsettled this week by rising expectations that the Fed will …
Dollar index jumps to two-decade high as traders await Fed rate move Read More »
By Laura Sanicola (Reuters) -Oil prices settled lower on Tuesday on fears the U.S. Federal Reserve will surprise markets with a higher-than-expected interest rate hike. Most Fed watchers had expected the U.S. central bank to hike rates by 50 basis points at its meeting on Wednesday. But after Friday’s surprisingly strong consumer price index (CPI) …
Oil prices settle down on fears of Fed and oil profit tax Read More »
By Koh Gui Qing NEW YORK (Reuters) – Global stocks and bonds gyrated in choppy trade on Tuesday after the prior day’s market rout, while investors braced for a U.S. interest rate rise this week that could be the largest in 28 years. Surprisingly strong U.S. inflation data released last Friday has fueled bets that …
Stock, bonds groggy after rout; eyes peeled on Fed Read More »
(Reuters) – China’s Lenovo Group will buy stakes in two units of investment holding firm PCCW Ltd for a combined $613.6 million in cash and stock, the world’s largest maker of personal computers said on Tuesday. The company will buy an 80% stake in Digital Era Enterprises and a 20% stake in PCCW Network Services, …
Lenovo Group buys stake in PCCW’s digital units for $614 million Read More »
