SEOUL (Reuters) – Shares of Korea Zinc slumped for a second straight session on Thursday, after a decision by the world’s top zinc refiner to issue new stocks. Shares fell by as much as 23.2% in Thursday’s morning trade, after hitting on Wednesday their daily lower limit with a drop of 29.9%. Korea Zinc said …
Korea Zinc shares plunge for second day ahead of watchdog briefing Read More »
TOKYO (Reuters) -Japan’s factory output in September rose 1.4% from the previous month, versus a median market forecast for a 1% rise, government data showed on Thursday. Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect seasonally adjusted output to jump 8.3% in October and fall 3.7% in November. Separate data showed Japanese …
Japan September factory output rises more than expected Read More »
(Reuters) -Hong Kong-based insurer AIA Group reported a record value of new business (VONB) for the third quarter on Thursday, driven by strong demand for products in its key markets, China and Hong Kong. The results were underpinned by growing demand for AIA’s insurance products in Asia amid a high savings rate, low levels of …
AIA posts record third-quarter new business value on China, Hong Kong growth Read More »
TAIPEI (Reuters) – Taiwan chipmaker TSMC said on Thursday that it has activated routine typhoon alert preparation procedures at all its factories and construction sites, ahead of the arrival of Super Typhoon Kong-rey. “We do not expect significant impact to our operations,” it said in an emailed statement. (Reporting by Ben Blanchard; Editing by Christian …
TSMC says its does not expect significant impact from typhoon Read More »
SEOUL (Reuters) – South Korea’s factory output unexpectedly fell in September on weaker chip production, government data showed on Thursday. The industrial output index fell 0.2% over the month on a seasonally adjusted basis, according to Statistics Korea, after a rise of 4.4% in the prior month, which was the fastest in a year. The …
South Korea Sept factory output unexpectedly falls on weaker chip production Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Thursday is shaping up to be a huge day for markets in Asia as investors brace for a deluge of major corporate and economic newsflow, topped by the Bank of Japan’s policy decision and China’s official purchasing managers index surveys for …
Morning Bid: Bank of Japan, China PMIs top bumper day Read More »
By Phil Stewart, Jonathan Landay WASHINGTON (Reuters) -North Korea’s deployment to Russia to aid its war against Ukraine has the potential to lengthen the already 2-1/2-year old conflict and draw in others, U.S. Defense Secretary Lloyd Austin said on Wednesday. Some 10,000 North Korean forces have already been deployed to eastern Russia, wearing Russian uniforms …
North Korea deployment could lengthen, broaden Ukraine war, US warns Read More »
By Laura Matthews NEW YORK (Reuters) -The dollar softened against other major currencies on Wednesday, after stronger-than-expected U.S. data and a UK budget release set off choppy trading in a market awaiting jobs data later this week and a U.S. election the next. U.S. private payrolls growth surged in October, overcoming fears of temporary disruptions …
US dollar softer ahead of election and jobs data Read More »
By Robert Harvey, Brijesh Patel (Reuters) -Trafigura will make provisions of $1.1 billion after an internal review discovered fraud by individuals in its Mongolian petroleum products supply business, the commodity trader said on Wednesday. The revelation comes less than two years since Singapore-headquartered Trafigura revealed it lost over $500 million in an alleged nickel fraud. …
Trafigura warns of potential $1.1 billion hit from fraud in Mongolia Read More »
LONDON (Reuters) – The European Commission is set to launch an investigation into Chinese online retail platform Temu over whether it is in breach of rules meant to prevent the sale of illegal products online, Bloomberg News reported on Wednesday, citing unnamed sources. The report follows the Commission’s Oct. 11 request for information from Temu …
European Commission to launch investigation into Temu, Bloomberg reports Read More »
