Markets across the globe rose as investors cheered the news that Russia is returning some troops back to their bases after drills. The rand and other emerging markets immediately traded stronger, with USD/ZAR trading at R15.02 from R15.13 earlier, comments TreasuryONE. The EUR/ZAR is looking to test sub R17.00, currently at R17.04, the forex trading …
Quick Take: Rand heads for R15/$ as Russia pulls back troops Read More »
By Scott DiSavino NEW YORK (Reuters) -Oil slid more than 2% on Tuesday from recent seven-year highs as the resumption of indirect talks between the United States and Iran could revive an international nuclear agreement and allow more oil exports from the OPEC producer. A deal could return more than 1 million barrels per day …
Oil slides over 2% from 7-year high on more U.S.-Iran talks Read More »
By Medha Singh and Lisa Pauline Mattackal (Reuters) – As bitcoin drifts towards mainstream maturity in 2022, daring crypto investors are eyeing up new sources of explosive action: “altcoins” that power online games and worlds. But, be warned, the foothills of the unformed metaverse are no place for the faint-hearted. Bitcoin, which like the rest …
CRYPTOVERSE-After bitcoin ‘winter’, investors hunt risk in virtual worlds Read More »
By Aditi Shah NEW DELHI (Reuters) -India said on Tuesday it had summoned South Korea’s ambassador to express displeasure over a social media post by a Pakistani partner of Hyundai Motor over disputed Kashmir that has caused a furore in the country. The foreign ministers of India and South Korea also spoke by telephone as …
India summons South Korea envoy over Hyundai’s Kashmir tweet in diplomatic escalation Read More »
By Sophie Yu and Brenda Goh BEIJING (Reuters) – The start of the Beijing Winter Olympics has triggered a gold rush for winter sport goods in China, with online purchases of equipment and clothing from brands such as Anta Sports and Descente surging, and physical stores stripped bare. The Chinese e-commerce firm JD.com’s said sales …
Olympics-Winter goods win as Games spark buying rush in China Read More »
By Sam Nussey TOKYO (Reuters) – SoftBank Group Corp reported a 97% drop in quarterly profit and the collapse of a deal worth up to $80 billion to sell chip designer Arm on Tuesday, adding to pressure on the Japanese conglomerate to boost its sagging shares. Masayoshi Son’s investment giant reported a net profit of …
By Elizabeth Culliford (Reuters) – TikTok is working on ways to rate and restrict content by age in order to prevent adult content from reaching teenage users of its short video app, the company said at a news briefing. TikTok, which has exploded in popularity among teens in recent years, said it was running a …
By Min Zhang and Dominique Patton BEIJING (Reuters) – Aluminium production in the southwest Chinese city of Baise, which has gone into lockdown after recent COVID-19 outbreaks, remains stable though transportation disruptions are starting to weigh, the local industry association said on Tuesday. The city on China’s border with Vietnam in the Guangxi region has …
Aluminium output stable in China’s Baise amid lockdown but logistics under pressure Read More »
KUALA LUMPUR (Reuters) -Supermax Corp Bhd, a Malaysian medical glove maker accused of using forced labour at its factories, said on Tuesday it had so far paid some $6 million to migrant workers to cover recruitment fees and other costs. The United States has banned imports of its products since October and last month Canada …
Malaysia’s scandal-hit Supermax pays $6 million in compensation to migrant workers Read More »
BEIJING (Reuters) – China’s new yuan loans likely hit a record high in January, and money supply growth is also expected to pick up, as the central bank seeks to shore up slowing growth in the world’s second-largest economy. Chinese banks tend to front-load loans at the beginning of the year to get higher-quality customers …
China’s Jan new yuan loans seen hitting record high Read More »
