HONG KONG (Reuters) – Hong Kong’s seasonally adjusted unemployment rate was unchanged at 3.9% in the November-January quarter, the government said on Monday, and the outlook is overshadowed by a surge in coronavirus cases that is piling pressure on the economy. The figure was weighed by a COVID-19 outbreak fuelled by the contagious Omicron variant. …
Hong Kong’s Nov-Jan unemployment unchanged at 3.9%, outlook gloomy Read More »
TAIPEI (Reuters) – Taiwan’s export orders grew broadly in line with expectations in January to a record high for the month thanks to sustained technology demand, but the government warned of lingering supply chain uncertainty despite a generally positive outlook. Taiwan’s export orders, a bellwether of global technology demand, rose 11.7% from a year earlier …
Taiwan’s January export orders brisk, outlook broadly positive Read More »
By Shilpa Jamkhandikar MUMBAI (Reuters) -Amazon’s rivalry in India with oil-to-retail conglomerate Reliance Industries looks set to head to the cricket field, where they will likely battle media heavyweights for telecast rights to India’s premier cricket league with its hundreds of millions of viewers. Amazon.com Inc and Reliance Industries Ltd are expected to take on …
Amazon, Reliance set to lock horns over India’s cricket media rights Read More »
STORY_NUMBER: L1N2UF04D STORY_DATE: 20/02/2022 STORY_TIME: 2300 GMT (Editor Neil Fullick)
(Reuters) – New Zealand’s a2 Milk said on Monday its first-half profit halved as sales of its infant milk formula product continued to fall in China, but forecast second-half revenue to be significantly higher than a year ago. The firm reported first-half net profit after tax of NZ$56.1 million ($37.54 million), down from NZ$120 million …
NZ’s a2 Milk profit halves on China slowdown but sees sales pick-up Read More »
By Andrew Osborn MOSCOW (Reuters) – The head of a Russia-dominated military alliance that is sometimes called Moscow’s answer to NATO has said his organisation could send peacekeepers to territory in eastern Ukraine controlled by Russia-backed rebels if needed. The situation in two self-proclaimed pro-Russian republics in Ukraine’s Donbass region is on a knife-edge after …
Post-Soviet military bloc says it could send peacekeepers to Donbass if needed Read More »
By Karin Strohecker LONDON (Reuters) – A potential invasion of Ukraine by neighbouring Russia would be felt across a number of markets, from wheat and energy prices and the region’s sovereign dollar bonds to safe-haven assets and stock markets. Below are five charts showing where a potential escalation of tensions could be felt across global …
How a Russia-Ukraine conflict might hit global markets Read More »
SHANGHAI (Reuters) -China’s securities regulator will put more emphasis on preventing and resolving bond default risks, and will deepen bond issuance reforms and strengthen regulation, a summary of a meeting posted on its website said on Saturday. The China Securities Regulatory Commission (CSRC) called for giving more prominence to openness and transparency, and deepening reforms …
China watchdog to emphasise prevention, resolution of bond default risks Read More »
(Reuters) – Fortress Investment Group is plotting a 5 billion pound ($6.8 billion) takeover of Britain’s petrol stations giant Motor Fuel Group (MFG), Sky News reported on Saturday. The U.S.-based private equity firm is lining up advisers to work on a bid for MFG, the report said, citing unidentified sources close to the process. SoftBank-owned …
Softbank’s Fortress plots $6.8 billion takeover of UK’s Motor Fuel Group – Sky Read More »
JAKARTA (Reuters) – Indonesia’s PT Smelting, a joint venture between Mitsubishi Materials Corp and Freeport Indonesia, on Saturday launched construction of a 3.2 trillion rupiah ($223 million) expansion of its East Java copper smelting facility. The expansion will increase output capacity at the plant to 342,000 tonnes of copper cathode from 300,000 tonnes currently, the …
Mitsubishi Materials, Freeport Indonesia expand copper smelter capacity Read More »
