TOKYO (Reuters) – Nearly half of Japanese companies see the weak yen as bad for their business, a private survey showed on Tuesday, suggesting the currency’s recent sharp decline is hurting business sentiment and clouding the economic outlook. The yen’s decline to a 24-year low against the dollar is inflating the cost of raw material …
Nearly half of Japan firms see weak yen as bad for business – survey Read More »
By M. Sriram MUMBAI (Reuters) – Sequoia Capital has raised $2.85 billion to fund Indian and Southeast Asian startups, the venture capital firm said on Tuesday, looking beyond current weakness in investment in new companies in the region. The fundraising is Sequoia’s largest so far for India and Southeast Asia. Money raised included $850 million …
Sequoia raises $2.85 billion in India, Southeast Asia funds Read More »
SHANGHAI (Reuters) – China’s central bank is expected to keep unchanged for a fifth straight month on Wednesday the borrowing costs on its medium-term policy loans, a Reuters survey of 31 traders and analysts showed. That expectation, held by 30 of the respondents, or nearly 97%, comes despite a pledge by policymakers to step up …
China set to keep medium-term rate unchanged on Wednesday, poll shows Read More »
By Koh Gui Qing and Saikat Chatterjee NEW YORK (Reuters) -Global stocks and government bonds plunged again on Monday and the dollar hit two-decade highs, as red-hot U.S. inflation fuelled worries about even more aggressive policy tightening in a big week for central banks. Underscoring concerns that tighter monetary conditions may cool the U.S. economy …
Inflation angst drags S&P 500 into bear market; bonds skid Read More »
WASHINGTON (Reuters) -A bipartisan group of lawmakers said on Monday they have agreed on legislation that would give the U.S. government sweeping new powers to block billions in U.S. investment into China. The measure is part of a bill that would also grant $52 billion to chipmakers to expand operations, a boon to the industry. …
By Gibran Naiyyar Peshimam ISLAMABAD (Reuters) -Additional measures will be needed to bring Pakistan’s budget for FY2022-23 in line with the key objectives of its International Monetary Fund programme, the lender’s resident representative in Islamabad said on Monday. Pakistan unveiled a 9.5 trillion Pakistani rupee ($47 billion) budget for 2022-23 on Friday aimed at tight …
Pakistan budget needs additional measures to meet goals, IMF says Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The safe-haven U.S. dollar rose to a fresh two-decade high against a basket of currencies on Monday, supported by fears of a global economic slowdown and bets on steep interest rate hikes by the U.S. Federal Reserve. Global financial markets continued to smart from Friday’s hotter-than-expected U.S. inflation …
Dollar at two-decade high as risky assets sell off; yen recovers ground Read More »
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose on Monday in a session of volatile trade as tight global supplies outweighed worries that demand would be pressured by a flare-up in COVID-19 cases in Beijing and more interest rate hikes. Brent crude rose 26 cents to settle at $122.27 a barrel. U.S. West Texas …
Oil rises on tight supplies; trade choppy on demand worries Read More »
By Elizabeth Howcroft LONDON (Reuters) – The value of the cryptocurrency market on Monday fell below $1 trillion for the first time since January 2021, according to data site CoinMarketCap, reaching as low as $926 billion. The global cryptocurrency market peaked at $2.9 trillion in November 2021, but it has faltered so far this year. …
Cryptocurrency market value slumps under $1 trillion Read More »
By David Shepardson WASHINGTON (Reuters) -General Motors Co, Ford Motor Co, Chrysler-parent Stellantis NV and Toyota Motor North America on Monday urged Congress to lift a cap on the $7,500 electric vehicle tax credit, citing higher costs to produce zero-emission vehicles, according to a letter seen by Reuters. The CEOs — GM’s Mary Barra, Ford’s …
Exclusive-U.S. automaker CEOs, Toyota urge Congress to lift EV tax credit cap Read More »
