SHANGHAI (Reuters) – China’s yuan bounced off a near 15-year low against the dollar and into the black in late trade afternoon on Tuesday, amid a broader greenback selloff and as general investor sentiment improved. The dollar eased in global trade against most of its major peers while sharp rebounds in both mainland and Hong …
China’s yuan bounces from 15-year low as dollar bulls retreat Read More »
By Yimou Lee and Brenda Goh (Reuters) – Apple supplier Foxconn said on Tuesday it has quadrupled bonuses on offer for workers at its Zhengzhou plant in central China as it seeks to quell discontent over COVID curbs and retain staff at the giant iPhone manufacturing site. Daily bonuses for employees, who are part of …
Apple supplier Foxconn quadruples bonuses to staff hit by China COVID lockdown Read More »
ZURICH (Reuters) – Credit Suisse Group AG on Tuesday confirmed an extraordinary general meeting will take place on November 23 for shareholders to approve a proposed capital increase. The embattled bank is hoping to raise 4 billion Swiss francs ($4.01 billion) in fresh capital to fund its restructuring and pad its balance sheet following a …
Credit Suisse confirms shareholder meeting for capital hike Read More »
By Choonsik Yoo and Jihoon Lee SEOUL (Reuters) -South Korea’s exports in October fell the most in 26 months while a trade deficit persisted for a seventh month, underscoring that Asia’s fourth-largest economy is slowing and its currency is hovering near 13-year lows. The government held a meeting of senior officials from more than 10 …
South Korea Oct exports post worst fall in 26 months, deficit widens Read More »
By Fergal Smith TORONTO (Reuters) – Canada’s main stock index edged lower on Monday for the first time in seven trading sessions as investors braced for a Federal Reserve interest rate hike this week, but the index still notched its largest monthly gain in nearly two years. The Toronto Stock Exchange’s S&P/TSX composite index ended …
TSX dips but posts biggest monthly gain since November 2020 Read More »
By Jamie McGeever ORLANDO, Fla. (Reuters) – In the worst year for U.S. Treasuries ever, it is the ultra-long end that investors should be most worried about. Yields across the curve are at multi-year peaks as the Federal Reserve has yanked up interest rates to battle 40-year high inflation, while duration risk – a bond’s …
Column-U.S. bond ‘term premium’ is back, casting shadow over long end: McGeever Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever Investors’ focus on the growing stress in Asian financial markets has tended to center gravitate towards the yuan and the yen. They should probably add HIBOR to their worries. Hong Kong Interbank Offered Rates – the rates at …
By Nigel Hunt and Naveen Thukral LONDON/SINGAPORE (Reuters) -Grain was flowing out of Ukraine at a record pace on Monday under an initiative led by the United Nations aimed at easing global food shortages despite Russia warning it was risky to continue after it pulled out of the pact. Russia said on Monday that the …
U.N. Black Sea grain pact under threat as Russia quits Read More »
BEIJING/HONG KONG (Reuters) -L Catterton, the private equity firm backed by luxury goods empire Louis Vuitton Moet Hennessy, said on Monday it aimed to raise 2 billion yuan ($275.44 million) for its first yuan-denominated fund, as it eyes early-stage investments in China. L Catterton, which has invested in Chinese soft drink brand Genki Forest and …
LVMH-backed L Catterton aims to raise 2 billion yuan in first yuan-denominated fund Read More »
By Yoruk Bahceli and Dhara Ranasinghe (Reuters) – Some euro zone countries have eased rules for the banks that manage the trading of their government debt to help them cope with some of the most challenging market conditions in years, officials told Reuters. Out of 11 major euro area debt agencies Reuters contacted, officials in …
Europe’s debt market strains force some governments to rework trading rules Read More »
