BEIJING (Reuters) -China’s market regulator issued an anti-unfair competition compliance guidance for smartphone makers and mobile application platform firms in Shenzhen on Wednesday, Chinese state media reported on Thursday. No firms were named in the report. (Reporting by Beijing newsroom)
By Cynthia Kim and Jihoon Lee SEOUL (Reuters) -South Korea’s central bank kept interest rates unchanged for a fourth straight meeting on Thursday as a tumbling won reduced scope for further easing, signalling the bank could be nearing the end of its current rate cut cycle. The Bank of Korea’s monetary policy board voted to …
South Korea signals end to rate cuts as FX, price risks grow Read More »
BEIJING (Reuters) -China’s industrial profits contracted in October, after double-digit growth in the previous two months, official data showed on Thursday, as businesses grappled with lacklustre domestic demand and an export downturn. The drop could fuel calls for more government support measures to encourage domestic consumption and wean the manufacturing powerhouse off its reliance on …
China’s industrial profits fall in October after two months of strong growth Read More »
By Jihoon Lee SEOUL (Reuters) -South Korean exports likely grew in November as technology demand remained robust and uncertainty was cleared following a trade deal with the U.S., a Reuters poll showed on Thursday. Exports from Asia’s fourth-largest economy, a bellwether for global trade, were forecast to have risen 5.7% from a year earlier after …
South Korea exports seen rising in November on tech demand, US trade deal: Reuters poll Read More »
By Chen Aizhu, Trixie Yap and Florence Tan SINGAPORE (Reuters) -When Shandong Yulong Petrochemical opened its Singapore office a year ago, the company staged a lion dance to herald prosperity for the new $20 billion oil refiner at the centre of modernisation efforts in its home province in China. But Yulong’s ambition to rub shoulders …
How sanctions made a showpiece Chinese refinery’s Western partners run for the exits Read More »
SEOUL (Reuters) -South Korea’s central bank kept policy interest rates unchanged as widely expected on Thursday as a tumbling won reduced the scope for further easing and policymakers waited to see how the government’s steps to cool Seoul’s property market play out. The Bank of Korea’s seven-member monetary policy board voted to keep its benchmark …
By Saqib Iqbal Ahmed NEW YORK (Reuters) -Making sense of the forces driving global markets By Saqib Iqbal Ahmed, Correspondent, Americas Finance and Markets Jamie is enjoying some well-deserved time off, but the Reuters markets team will still keep you up to date on what animated markets today. I’d love to hear from you so …
Trading Day: Bulls in charge ahead of Turkey Day Read More »
By Chuck Mikolajczak NEW YORK (Reuters) -Global stocks rallied for a fourth straight day on Wednesday as expectations for a U.S. Federal Reserve rate cut remained elevated, while sterling was whipsawed by Britain’s fiscal watchdog inadvertently publishing new forecasts before a UK budget release. On Wall Street, U.S. stocks closed higher, led by gains in …
Stocks buoyed by rate cut expectations, sterling choppy on UK budget surprise Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The yen weakened against the dollar on Wednesday, after an initial boost from speculation about a possible Bank of Japan rate hike next month faded, while sterling advanced on a UK budget that offered a larger-than-expected fiscal buffer. The dollar fell as investors maintained expectations that the Federal Reserve …
Yen dips as rate hike talk fades; sterling lifted by UK budget Read More »
FIGUERUELAS (Reuters) -CATL and Stellantis’ joint venture is yet to decide how many workers will come from China to construct its battery plant in Spain, the JV’s chief executive told reporters on Wednesday, after reports that the firm would bring up to 2,000. “We are just in the phase to select our subcontractors. We are …
