Reuters Asia Business

By Kevin Yao BOAO, China (Reuters) -China’s securities watchdog is holding regular talks with U.S. regulators over audit cooperation and expects a deal soon, a Chinese regulatory official said on Thursday about a dispute that could lead to delistings of U.S.-listed Chinese firms. The comments by Fang Xinghai, vice chairman of the China Securities Regulatory …

China securities watchdog expects audit deal soon with U.S. regulators Read More »

By Kantaro Komiya and Tetsushi Kajimoto TOKYO (Reuters) – Japan’s ruling coalition on Thursday agreed a supplementary budget to support lower-income households and small firms, signalling more spending for the heavily indebted nation as it battles inflationary pressures for the first time in decades. In a first phase, Prime Minister Fumio Kishida’s Liberal Democratic Party-led …

Japan agrees $21 billion extra budget to tackle rising living costs Read More »

By Pete Schroeder WASHINGTON (Reuters) – Wall Street reversed course and posted losses on Thursday while oil gained as Federal Reserve Chairman Jerome Powell suggested the U.S. central bank would move aggressively to curb inflation. Powell said that a half-point interest rate increase will be “on the table” when the Fed meets in May, adding …

Wall Streets ends down, oil gains as Powell suggests aggressive Fed policy Read More »

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar rose from a one-week low on Thursday after Federal Reserve Chair Jerome Powell all but confirmed a half a percentage-point tightening at the policy meeting next month, including consecutive rate increases this year. The dollar index, which gauges the strength of the currency versus a …

U.S. dollar climbs from one-week low as Fed’s Powell backs hefty rate hike Read More »

By Kevin Yao and Yew Lun Tian BOAO, China (Reuters) -Chinese President Xi Jinping on Thursday proposed a “global security initiative” that upholds the principle of “indivisible security”, a concept also endorsed by Russia, although he gave no details of how it would be implemented. During a video speech to the annual Boao Asia Forum, …

China’s Xi proposes ‘global security initiative’, without giving details Read More »

By David Gaffen NEW YORK (Reuters) -Oil prices rose on Thursday, buffeted by concerns about tightened supply as the European Union (EU) mulls a potential ban on Russian oil imports that would further restrict worldwide oil trade. Brent crude futures settled up $1.53 to close at $108.33 a barrel, after earlier reaching a high of …

Oil edges higher on concerns over Russia, Libya supply disruption Read More »