By Sinéad Carew (Reuters) – Wall Street stocks finished lower while bond yields and the dollar rose on Thursday as investors worried about the potential for aggressive U.S. policy tightening as other central banks around the world moved to reduce support. The benchmark 10-year U.S. Treasury yield jumped, following two days of declines, after a …
U.S. stocks dip, bond yields climb on tightening concerns Read More »
By Hannah Lang (Reuters) – The euro plunged to a two-year low against the U.S. dollar on Thursday as comments from European Central Bank President Christine Lagarde were viewed as a sign that the ECB was in no rush to raise interest rates, in contrast with an aggressive monetary policy tightening effort by the U.S. …
Euro hovers near two-year low vs dollar as ECB disappoints markets Read More »
By Arathy Somasekhar HOUSTON -Oil prices settled higher on Thursday after an early decline as investors covered short positions ahead of the long weekend and on news that the European Union might phase in a ban on Russian oil imports. Brent futures settled up $2.92, or 2.68%, at $111.70 a barrel. U.S. West Texas Intermediate …
Oil rises on news EU may phase in a ban on Russian oil imports Read More »
By Krystal Hu and Anirban Sen (Reuters) – Intel Corp’s Mobileye has tapped investment banks Goldman Sachs Group Inc and Morgan Stanley to lead preparations for the initial public offering of the self-driving car unit, according to three people familiar with the matter. The stock market flotation, which is set to launch later this year, …
Goldman Sachs, Morgan Stanley to lead Intel’s Mobileye IPO -sources Read More »
JAKARTA (Reuters) – Indonesia likely registered a smaller trade surplus for March, as the rate of growth of both imports and exports slowed from the preceding month, a Reuters poll showed on Thursday. The median forecast of 11 economists in the poll was for Southeast Asia’s biggest economy to post a $2.89 billion trade surplus …
Indonesia’s trade surplus seen narrowing in March – Reuters Poll Read More »
TOKYO (Reuters) – Rising prices for raw materials, including nickel and copper, accelerated by Russia’s invasion of Ukraine were having a “big” impact on Panasonic Corp, with the Japanese industrial giant only able to pass on some of those increases to its customers, the CEO said. “We are able to pass on costs to some …
High raw material prices having a “big” impact, Panasonic CEO says Read More »
By Rocky Swift TOKYO (Reuters) -Clothing brand Uniqlo’s Japanese owner said on Thursday its China operation would report a large profit decline in the current fiscal year owing to the country’s COVID-19 restrictions. Fast Retailing is a bellwether for how major global retailers are being impacted by COVID-related shutdowns in China, one of the biggest …
Uniqlo owner sees big profit drop in China due to COVID restrictions Read More »
JAKARTA (Reuters) – Indonesia will design its 2023 state budget with a fiscal deficit of 2.81% to 2.95% of the gross domestic product (GDP), Finance Minister Sri Mulyani Indrawati told a virtual briefing on Thursday. She said the government will continue to use its spending to support economic growth in 2023 while steering the budget …
Indonesia targets 2023 fiscal deficit at 2.81%-2.95% of GDP Read More »
By Yimou Lee and Sarah Wu TAIPEI (Reuters) -Taiwan’s TSMC forecast an up to 37% jump in current-quarter sales and said it expects chip capacity to remain very tight this year, amid a global crunch that has kept order books full and allowed chipmakers to charge premium prices. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the …
TSMC sees Q2 sales surge; says chip capacity to stay tight this year Read More »
By Florence Tan SINGAPORE (Reuters) – Commodities trader Glencore has sold 1 million barrels of June-loading Murban crude to U.S. refiner Marathon Petroleum Corp in a rare deal, traders said on Thursday, as more U.S. refiners seek replacements for Russian oil. The deal also comes as the economics of moving Middle East crude to the …
Glencore sells UAE Murban crude to U.S. refiner Marathon in rare deal -sources Read More »
