Digital Currency, Stock Market, and Investment News from your Reliable Sources Channel
Credit Suisse SIX:CSGN saw sharp falls in its shares and bonds on Monday as markets put the bank under intense scrutiny.The Swiss bank has insisted its capital and liquidity are strong, saying it will have more to say about a strategic revamp when it r…
HAK, a major seller of conserved foods such as peas, beans and apple sauce in the Netherlands, is to temporarily halt production this winter due to high energy costs, with a spokesperson saying the pause would last six weeks from January.Dutch national…
ZAGREB (Croatia), October 3 (SeeNews) – The European Commission said on Monday it has approved, under EU State aid rules, a Croatian methodology to calculate the premiums on state guaranteed loans for mid-caps and large enterprises granted under the Cr…
F-Secure Corporation, Press Release, 3 October 2022 at 17:30 EESTAcquisition cost of F-Secure and WithSecure shares in Finnish taxation after demergerFinnish tax administration has issued guidance on 30 September 2022 regarding the split of acquisition…
British finance minister Kwasi Kwarteng said on Sunday that he was focused on boosting longer-term growth, not on short-term market moves, when challenged over the sharp fall in sterling and bond prices following his first fiscal statement. Kwarteng sc…
China electric vehicle (EV) maker Zhejiang Leapmotor Technology is set to raise $800 million by pricing its shares at HK$48($6.12) each in its Hong Kong initial public offering (IPO), according to two sources with direct knowledge of the matter.The sou…
British finance minister Kwasi Kwarteng said on Sunday that he was focused on boosting longer-term growth, not on short-term market moves, when challenged over the sharp fall in sterling and bond prices following his first fiscal statement.”As chancell…
Iraq has started trial operations at the Karbala oil refinery south of the capital Baghdad, the oil ministry said in a statement on Sunday. The refinery has a production capacity of 140,000 barrels of oil per day, the statement said.
China electric vehicle maker Zhejiang Leapmotor Technology is set to raise $800 million by pricing its shares at HK$48($6.12) each in its Hong Kong initial public offering, according to two sources with direct knowledge of the matter.The sources spoke …
Japan’s Deputy Chief Cabinet Secretary Seiji Kihara said on Sunday the government must take steps as needed against excessive declines in the yen.”As for excessive, one-sided currency moves, we will closely watch developments and must take steps as nee…
Japan’s Deputy Chief Cabinet Secretary Seiji Kihara said on Sunday the government must take steps as needed against excessive declines in the yen.”As for excessive, one-sided currency moves, we will closely watch developments and must take steps as nee…
Ubisoft EURONEXT:UBI, France’s biggest video games maker, is still open to other partners after a deal in which China’s Tencent HKEX:700 will raise its stake in the company, its co-founder and CEO Yves Guillemot said on Thursday.Guillemot’s comments, m…
“All the Beauty and the Bloodshed”, a documentary about U.S. photographer Nan Goldin and her fight against the wealthy Sackler family, won the top Golden Lion award at the Venice Film Festival on Saturday.Made by investigative journalist Laura Poitras,…
Porsche AG wants to be ready for a planned stock market listing as early as possible, an executive at the luxury sportscar unit of Volkswagen XETR:VOW was quoted as saying on Saturday, as investors showed huge interest in the initial public offering (I…
Labour Day weekend normally marks the time of year when automakers are eagerly discounting the current year’s models in order to make room for next year’s crop, Bank of Montreal noted in its AM Charts note. But not this year, it said, in noting that Ca…
US Treasury Levels: 3:00 Tuesday vs 3:00 Friday 2Y: 99-17 1/8 vs 99-22 3/4: 3.491% vs 3.398%5Y: 98-18 3/4 vs 99-06 1/4: 3.434% vs 3.300%10Y: 95-03 vs 96-07: 3.332% vs 3.195%30Y: 91-04 vs 93-15: 3.478% vs 3.344%2/10Y: -15.900 bps vs -20.653 bps5/30Y: 4….
Global stock markets were mostly lower on Tuesday while benchmark U.S. Treasury yields jumped to their highest levels since June as a U.S. services industry report underscored expectations the Federal Reserve will need to keep hiking interest rates.The…
Top U.S. natural gas producer EQT Corp NYSE:EQT said on Tuesday it would buy Quantum Energy-backed THQ Appalachia I LLC for $5.2 billion, expanding its operations to reap the benefits of strong commodity prices.A surge in global natural gas prices foll…
Wall Street’s main indexes closed lower on Tuesday, the first session after the U.S. Labor Day holiday and summer vacations, as traders assessed fresh economic data in volatile trading.A survey from the Institute for Supply Management (ISM) showed the …
Pakistan Finance Minister Miftah Ismail expects the economy to grow more than 3.5% for the fiscal year that started in July, Bloomberg News reported on Saturday.Ismail predicted inflation, running at the highest in 47 years and the second-highest in As…
Toyota Motor Corp TSE:7203 truck and bus unit Hino Motors TSE:7205 will halt production of some medium and heavy-duty trucks for at least another year after an engine emissions cheating scandal, Nikkei Asia reported on Sunday. (https://s.nikkei.com/3TJ…
Amazon.com Inc NASDAQ:AMZN said on Saturday that its pricey “Lord of the Rings” prequel series was watched by more than 25 million viewers around the world on its first day, a record debut for a Prime Video series.”The Lord of the Rings: The Rings of P…
Amazon.com Inc NASDAQ:AMZN said on Saturday that its pricey “Lord of the Rings” prequel series was watched by more than 25 million viewers around the world on its first day, a record debut for a Prime Video streaming series.
Bitcoin dipped below $20,000 on Saturday, continuing a drop that has taken it down nearly 60% from its year high.Bitcoin BITSTAMP:BTCUSD, the world’s biggest and best-known cryptocurrency, was last down 1.5% at $19,946 on Saturday, down $298 from its p…
Bitcoin was off 1.63% at $19,920 by late afternoon in Europe on Saturday, down $330 from its previous close.Bitcoin, the world’s biggest and best-known cryptocurrency, is down 58.7% from the year’s high of $48,234 on March 28.Ether BITSTAMP:ETHUSD, the…
The U.S. Transportation Department (USDOT) said Saturday it is temporarily waiving truck driver hours of service rules after the unanticipated shutdown of the BP Whiting, Indiana LSE:BP. refinery.Reuters reported Friday the 435,000 barrel-per-day refin…
Teams of drillers are working long hours to build wells to fight a devastating drought sweeping parts of China, farmers in Jiujiang city in the country’s central Jiangxi province told Reuters on Saturday.”These villages, all of them, are particularly d…
Maruti Suzuki NSE:MARUTI is open to forming partnerships with auto part makers to secure its future supply chain and maintain its leadership position, the chairman of India’s top-selling carmaker said in an interview.Partnering with suppliers in its ea…
Law enforcement in Afghanistan has shut down over a dozen crypto exchanges in Herat, detaining the people who were running them. The offensive comes after the introduction of a ban on online foreign exchange that the Taliban seem to have applied to coin trading as well.
Taliban Government Goes After Crypto Trading in Afghanistan Citing […]
Caspian Pipeline Consortium (CPC) has suspended oil loadings from two of three single mooring points (SPM) at its Black Sea terminal Yuzhnaya Ozereyevka for inspections, two sources familiar with the loadings told Reuters.”CPC suspended loadings from S…
Caspian Pipeline Consortium (CPC) has suspended oil loadings from two of three single mooring points (SPM) at its Black Sea terminal Yuzhnaya Ozereyevka for inspections, two sources familiar with the loadings told Reuters.”CPC suspended loadings from S…
Russia’s Gazprom said that it will ship 42.3 million cubic metres (mcm) of gas to Europe via Ukraine on Saturday compared with 42.1 mcm on Friday.
Private equity firm Lone Star said on Friday its cash proposal to buy Bank of Cyprus Holdings PLC LUXSE:XS1865594870 was rejected by the lender’s board.Shares in the Cyprus-based firm, which are up about 11% so far this year, closed at around 1.14 euro…
Some 1,422 electrochemical industry workers represented by Norway’s Industri Energi union will go on strike from Monday after negotiations with their employers broke down on Saturday, the union said.Industri Energi said the companies initially targeted…
Argentina announced late on Friday a package of tax and customs benefits for the oil and gas industry meant to attract dollars to the South American nation, which is battling crippling inflation and a low level of foreign currency reserves. The measure…
Anshu Jain, the former Deutsche Bank AG XETR:DBK co-chief executive officer, died early on Saturday at the age of 59 after a long, serious illness, the bank said.”Anshu Jain played a key role in expanding Deutsche Bank’s position in our global business…
Anshu Jain, the former Deutsche Bank AG XETR:DBK co-chief executive officer has died after suffering from cancer for five years, Bloomberg News reported on Saturday. “We are deeply saddened that our beloved husband, son, and father, Anshu Jain, passed …
A domestic industry source informed the Polymerupdate team about price revision of PTA announced by Indian Oil Corporation Ltd (IOCL). The source said, “PTA local prices have been raised by Rs.1.60/kg basic, with effect from August 13, 2022. The new ba…
The United States and Switzerland can move towards free trade between their countries with sectoral deals and they are working on facilitating business in the pharmaceutical sector, the U.S. ambassador to Switzerland told the Tages Anzeiger newspaper.S…
The Philippine stock exchange operator expects companies to raise 200 billion pesos ($3.6 billion) on the capital markets this year on a robust pipeline of listings and share sales, despite market volatility, its president said on Saturday.Philippine f…
TOKYO, Aug 12 (Reuters) – Japan’s benchmark Nikkei average TVC:NI225 rises 2.01 percent to 28,378.58 on Friday, while the broader Topix TSE:TOPIX gained 1.40 percent to 1,960.65.
TOKYO, Aug 12 (Reuters) – Japan’s benchmark Nikkei average TVC:NI225 opened up 1.55 percent at 28,251.74 on Friday, while the broader Topix TSE:TOPIX gained 1.07 percent at 1,954.30.
South Korea’s SK Hynix aims to select a U.S. site for its advanced chip packaging plant and break ground there around the first quarter of next year, two people familiar with the matter said, helping the United States to compete as China pours money in…
Hydro One said power has been restored in Toronto after an outage on Thursday that lasted nearly eight hours and affected about 10,000 customers.
Wall Street Finance (BOM:511147) has appointed Pooja Mishra as the chief financial officer of the company, with effect from Thursday, according to a post-market hours filing the same day.
The first grain ship to depart from Ukraine under a U.N.-brokered deal docked in Turkey on Thursday after 11 days at sea, Refinitiv data showed, and the ship’s agent in Turkey said it would continue to Egypt after unloading part of its cargo.The Razoni…
Canada’s main stock index on Thursday rose at the open, helped by strong quarterly results from Canada Goose TSX:GOOS on resilient luxury demand, while extending gains after lower-than-expected U.S. inflation data. At 9:31 a.m. ET (1331 GMT), the Toron…
South Africa’s data network provider Rain said on Thursday it had made a formal request to present the board of Telkom SA JSE:TKG with a merger proposal to combine the two businesses.Rain said its proposal would be an alternative offer to that made by …
Wall Street’s main indexes opened higher on Thursday, extending a rally from the previous session as fresh evidence of cooling inflation further cemented expectations of a smaller rise in interest rates. The Dow Jones Industrial Average DJ:DJI rose 142…
MeiraGTx Holdings NASDAQ:MGTX reported a Q2 net loss Thursday of $0.76 per diluted share, wider than its loss of $0.46 a year earlier. Four analysts polled by Capital IQ forecast a loss of $0.62. Related party license revenue was $10.8 million for the …
Liz Truss, the front-runner to become Britain’s next prime minister, plans to rush through tax cuts earlier than planned in an attempt to boost the country’s flagging economy, the Sunday Telegraph reported.Truss was considering accelerating by six mont…
Elon Musk on Saturday challenged Twitter Inc (BCBA:TWTRC) Chief Executive Officer Parag Agrawal to a public debate about the percentage of bots on the social media platform. “Let him prove to the public that Twitter has
Berkshire Hathaway Inc (BCBA:BRKBC) said on Saturday that Vice Chairman Greg Abel, who is next in line to succeed billionaire Warren Buffett as chief executive, sold his 1% stake in the company’s Berkshire Hathaway Energy unit for $870 million.In its q…
Tanzania will reduce liquidity over the rest of 2022 in order to tackle a surge of inflation, the central bank’s Monetary Policy Committee (MPC) said on Saturday. “The MPC approved the Bank of Tanzania to reduce the speed of expanding liquidity in the …
The slide in U.S. stock prices punished Berkshire Hathaway Inc’s (BCBA:BRKBC) bottom line in the second quarter as the company run by billionaire Warren Buffett posted a $43.8 billion loss.Berkshire nevertheless generated nearly $9.3 billion of profit …
The July employment report showed nonfarm payrolls surged by 528,000, more than double the 250,000 jobs increase expected in a survey compiled by Bloomberg, while June payrolls saw an upward revision to a 398,000 increase. Private payrolls rose by 471,…
Statistics Canada Friday said that the Labour Force Survey (LFS) of July posted 31,000 job losses while the unemployment rate was unchanged at 4.9%. MUFG provided a consensus in which it expected 15,000 job gains and an unemployment rate of 5.0%. Emplo…
Heroux-Devtek Inc. (TSX:HRX), a manufacturer of aerospace products and the world’s third-largest landing gear maker, said on Friday Q1 net income dropped to $0.97 million, or $0.03 per diluted share, from $6.7 million, or $0.19 per share, a year earlie…
Marcus & Millichap (NYSE:MMI) reported Q2 earnings Friday of $1.04 per diluted share, compared with $0.78 per share a year ago. A single analyst polled by Capital IQ expected $0.84 per share. Revenue for the quarter ended June 30 was $396 million, comp…
OGE Energy (NYSE:OGE) on Thursday reported Q2 net income of $0.36 per diluted share, down from $0.56 per share a year earlier. Analysts polled by Capital IQ expected $0.42 per share. Operating revenue for the quarter ended June 30 rose to $803.7 millio…
Kuwait’s Agility (DFM:AGLTY), one of the largest Gulf logistics companies, said on Thursday it has finalised its 763 million-pound ($924.37 million) acquisition of British aviation services company John Menzies (LSE:68HN).Agility said it will combine t…
SNC-Lavalin Group (TSX:SNC) on Thursday reported adjusted diluted EPS from Professional Services and Project Management, or PS&PM, activities of $53.8 million, or $0.31 per diluted share, unchanged from a year earlier. Analysts polled by Capital IQ exp…
Kellogg Co (SWB:KEL) raised its full-year forecast for sales and adjusted operating profit on Thursday, banking on higher prices and resilient demand for its breakfast cereals and snacks. Kellogg, like other global packaged food makers, has been steadi…
The dollar edged down against most major currencies on Thursday as the positive impact of hawkish Federal Reserve comments faded and investors waited for more signs on the data front to confirm that more large rate hikes to curb inflation were coming.T…
Russia’s biggest carmaker Avtovaz (AVAZI_p.MM), which suspended some production due to sanctions and lack of components, is offering workers at its Izhevsk plant a one-off payment of about $3,000 to take voluntary redundancy, it said on Wednesday.Avtov…
Midland Exploration (TSXV:MD) on Wednesday reported that the heliborne VTEM-type (VTEM) electromagnetic survey launched last March has been completed on the Tete Nord nickel-copper (Ni-Cu) property. This property is owned by Midland but has been under …
The Canadian dollar strengthened against its U.S. counterpart on Wednesday as risk appetite showed signs of recovery and ahead of key domestic data later in the week.World stocks (.WORLD) stabilized after they were pressured on Tuesday by increasing te…
U.S. stock indexes opened higher on Wednesday after two days of declines as focus shifted to services activity data due later in the session for more clues on the health of the economy, while PayPal soared after raising its forecast.The Dow Jones Indus…
Most stock markets in the Gulf ended lower on Wednesday amid U.S.-China tensions over House Speaker Nancy Pelosi’s visit to Taiwan and as investors booked profits from a recent rally, with the Abu Dhabi index ending three sessions of gains.Saudi Arabia…
The European Union is seeking additional gas supplies from Nigeria as the bloc prepares for potential Russian supply cuts, Matthew Baldwin, deputy director general of the European Commission’s energy department, said on Saturday.Baldwin was speaking in…
Pakistan’s $33.5 billion external financing needs are fully met for financial year 2022/23, the central bank chief said on Saturday, adding that “unwarranted” market concerns about its financial position will dissipate in weeks.Fears have risen about P…
A domestic industry source informed the Polymerupdate team about price revision of MEG announced by Indian Oil Corporation Ltd (IOCL). The source said, “we have been told that MEG local prices have been increased by Re.0.50/kg basic, with effect from J…
A domestic industry source informed the Polymerupdate team about price revision of PTA announced by Indian Oil Corporation Ltd (IOCL). The source said, “we have been told that PTA local prices have been raised by Re.0.20/kg basic, with effect from July…
A domestic industry source informed the Polymerupdate team about price revision of DEG announced by Indian Oil Corporation Ltd (IOCL). The source said, “we have been told that DEG local prices have been reduced by Re.0.70/kg basic, with effect from Jul…
Major digital assets turned lower as of Friday late afternoon, tracking losses in the US equity markets. Bitcoin (BTC), the largest cryptocurrency by market value, was changing hands at $23,096, down 0.2% in the past 24 hours, after reaching a day high…
Chicago Board of Trade wheat futures tumbled nearly 6% on Friday after Russia and Ukraine signed a landmark deal to reopen Ukrainian Black Sea ports for grain exports, traders said.
The U.S. dollar shrugged off early weakness to edge higher against a basket of currencies on Friday, after data showed U.S. business activity shrank for the first time in nearly two years in July as a services slowdown outweighed manufacturing growth.S…
Volkswagen said Friday that its supervisory board named Oliver Blume as chairman of the management board, effective Sept. 1. Blume, who joined the Volkswagen Group in 1994, will succeed Herbert Diess, who will resign. The Germany-based automotive manuf…
In Canada, the release of GDP data for May next Friday will attract a lot of attention. Judging from industry-level reports published to date, economic output may have contracted 0.2% in the month, with positive contributions from retail, wholesale and…
Here’s a snapshot of Vietnamese dong exchange rates in the official and unofficial markets, indicative SJC gold prices in Hanoi and interbank offered rates at 4:06 GMT. NOTES: The State Bank of Vietnam began setting the mid-point rate on a daily basis …
Chinese autonomous driving startup Pony.ai has become the second company to win regulatory approval to operate a robotaxi service in Beijing, according to a Weixin post on Wednesday. Pony.ai, backed by FAW Jiefang (SZSE:000800) parent FAW Group and Toy…
Orient Bell (NSE:ORIENTBELL, BOM:530365) clocked a consolidated net profit of 70 million Indian rupees ($876, 199) in the fiscal first quarter, rebounding from a consolidated net loss of 51.2 million rupees a year ago. Earnings per share for the three …
Malaysia’s consumer price index (CPI) rose 3.4% from a year earlier in June, government data showed on Friday.The rise was more than the 3.1% growth forecast by economists in a Reuters poll and the 2.8% growth seen in May.June’s inflation was driven ma…
The Australian and New Zealand dollars were headed on Friday for their best week in several months, buoyed by a more positive market mood and U.S. dollar softening, with a retreat in U.S. rate hike expectations just as they are building up in the Antip…
OnMobile Global (NSE:ONMOBILE, BOM:532944) said its wholly-owned cloud gaming platform ONMO has registered a branch in Quebec, Canada, effective Wednesday, according to a post-market hours filing on Thursday.
Nan Ya Plastics is running its 2-ethylhexanol (2-EH) unit at curtailed capacity rates.A Polymerupdate source in Taiwan informed a team member,
Medprin Regenerative Medical Technologies (SZSE:301033) will lift the restrictions on 1.7 million shares, representing 2.5% of its share capital. The shares, placed to institutional investors during the Chinese medical device maker’s 250 million yuan (…
Singapore Exchange Ltd (SGX) (OTC:SPXCY) said on Friday it will team up with the New York Stock Exchange for dual listing of companies on both the bourses, allowing investors to tap overseas investment opportunities on the two major exchanges.The two s…
TOKYO, July 22 (Reuters) – Japan’s benchmark Nikkei average (INDEX:NKY) opened down 0.11 percent at 27,773.14 on Friday, while the broader Topix (TSE:TOPIX) shed 0.26 percent at 1,945.54.
A group of indigenous Peruvian communities that have been protesting MMG Ltd’s (SWB:OMS1) Las Bambas copper mine said on Thursday there has been no progress after a full month of talks, risking the end of a precarious truce. “In my community, there is …
ThreeD Capital Inc. (IDK.CN), a Canadian venture capital firm, on Thursday said it plans to effect a normal course issuer bid. The NCIB will begin on July 27, 2022, and expire on July 26, 2023. During the 12-month period, ThreeD may purchase up to 2.41…
North American cocoa grindings fell more than expected in the second quarter to 115,899 tonnes, down 6.29% from the same period a year earlier, according to data from the National Confectioners Association (NCA) released on Thursday.Cocoa grind data is…
Colabor Group (TSX:GCL) on Thursday said its second-quarter profit fell 1% despite a 27% rise in sales. The food-distribution company said it earned C$1.68 million, or C$0.02 per share, in the period, down from C$1.69 million, or C$0.02, in the year-pr…
Here is a rundown of possible treatments U.S. President Joe Biden will receive for COVID-19 and the risks he faces, having been infected most likely with the fast-spreading but less severe BA.5 variant. TREATMENTSAt 79, the president falls into a high …
Benchmark northwest European gasoline barge refining margins on Thursday fell to a four-month low of about $7.2 a barrel, weighed down by rising inventories on both sides of the Atlantic and higher refinery output.
City Holding (NASDAQ:CHCO) reported Q2 net earnings Thursday of $1.51 per diluted share, up from $1.41 a year earlier. Analysts polled by Capital IQ expected $1.33. Revenue, expressed as the sum of net interest income and total noninterest income, for …
City Holding (NASDAQ:CHCO) reported Q2 net earnings Thursday of $1.51 per diluted share, up from $1.41 a year earlier. Analysts polled by Capital IQ expected $1.33. Revenue, expressed as the sum of net interest income and total noninterest income, for …
U.S. railroad operator Union Pacific Corp (BMV:UNP) posted a 2% rise in its second-quarter profit on Thursday, benefiting from price hikes, even as lingering supply-chain snags and staffing shortages continued.The company benefited from sustained price…
U.S. railroad operator Union Pacific Corp (BMV:UNP) posted a 2% rise in its second-quarter profit on Thursday, benefiting from price hikes, even as lingering supply-chain snags and staffing shortages continued.The company benefited from sustained price…
OFG Bancorp (NYSE:OFG) reported Q2 earnings Thursday of $0.84 per diluted share, up from $0.78 a year ago. Four analysts polled by Capital IQ estimated $0.74. Total core revenue for the quarter ended June 30 was $146.3 million, up from $133.3 million a…
OFG Bancorp (NYSE:OFG) reported Q2 earnings Thursday of $0.84 per diluted share, up from $0.78 a year ago. Four analysts polled by Capital IQ estimated $0.74. Total core revenue for the quarter ended June 30 was $146.3 million, up from $133.3 million a…
Insurer Travelers Companies Inc (BCBA:TRVVC) reported a smaller-than-expected fall in quarterly profit on Thursday, as record premium growth cushioned a hit from higher catastrophe-related claims and lower returns on investments.The company’s core inco…
Insurer Travelers Companies Inc (BCBA:TRVVC) reported a smaller-than-expected fall in quarterly profit on Thursday, as record premium growth cushioned a hit from higher catastrophe-related claims and lower returns on investments.The company’s core inco…
EDF (OTC:ECIFF) took its 915 megawatt (MW) Cruas 1 nuclear reactor in southern France offline on Thursday morning after a turbine of the turbo-alternator set located in the non-nuclear part of the facility shut down, the power group said.The reactor is…
EDF (OTC:ECIFF) took its 915 megawatt (MW) Cruas 1 nuclear reactor in southern France offline on Thursday morning after a turbine of the turbo-alternator set located in the non-nuclear part of the facility shut down, the power group said.The reactor is…
Huizhou Zhongxin Chemical has taken offstream its Bisphenol-A (BPA) plant.A Polymerupdate source in China informed a team member,
Italy’s benchmark FTSE MIB stock index (INDEX:FTSEMIB) slumped nearly 2% on Thursday as the country’s government crumbled, keeping broader European stocks under pressure despite relief over the timely resumption of Russian gas flows.Italian Prime Minis…
Solarvest (MYX:SLVEST) said it signed a memorandum of understanding with NCT Land to develop 1,000 units of solar-ready factories and warehouses at the Selangor Smart Industrial Park in Malaysia, according to a Wednesday bourse filing. The partnership …
Indonesia’s central bank kept its benchmark interest rate unchanged at a record low on Thursday, as expected, saying the level remained consistent with its inflation target and supporting economic growth.Bank Indonesia (BI) left the benchmark seven-day…
Physical flows of Russian gas through its biggest pipeline to Germany resumed on Thursday after a 10-day outage, and eastbound gas flows via the Yamal-Europe pipeline to Poland from Germany increased, operators’ data showed.Europe has been on edge abou…
The Indian rupee weakened at the open on Thursday and was trading just shy of its lifetime low hit earlier this week, tracking losses in most other Asian peers but traders expect dollar-selling intervention by the central bank to limit losses.The parti…
South Korea said on Thursday it aimed at local sourcing for half of its materials, components and equipment in semiconductor manufacturing by 2030, up from 30% currently.The plan is part of President Yoon Suk-yeol administration’s strategy to strengthe…
The euro rebounded on Thursday, rising back toward a two-week high to the dollar, as investors braced for the European Central Bank’s first interest-rate increase since 2011 and the scheduled reopening of a key Russian gas pipeline later in the day.Mea…
The policy board of the Bank of Japan held its key short-term interest rate firmly at -0.1% and the long-term interest rate for 10-year bond yields around 0%, according to a press release on Thursday. The widely-expected decision was taken with an 8-1 …
Gold prices fell on Thursday to their lowest in nearly a year, as prospects of more interest rate hikes by major central banks to combat soaring inflation weighed on bullion’s appeal.Although gold is seen as a hedge against inflation, rising interest r…
The value of contracts signed by China’s service outsourcing industry rose 12.3% year over year in the first half of the year to 987.5 billion yuan ($146.17 billion), according to data from the Ministry of Commerce on Wednesday. The rate of increase ac…
TOKYO, July 21 (Reuters) – Japan’s benchmark Nikkei average opened down 0.19 percent at 27,627.88 on Thursday, while the broader Topix shed 0.39 percent at 1,938.76.
Welding products manufacturer Ador Welding (NSE:ADORWELD, BOM:517041) has received a contract worth 1.45 billion Indian rupees ($18.1 million) from Oil and Natural Gas Corp. (NSE:ONGC, BOM:500312). The contract is for the design, engineering, supply, c…
Japan’s exports rose 19.4% in June from a year earlier, Ministry of Finance (MOF) data showed on Thursday.That compared with a 17.5% increase expected by economists in a Reuters poll.June imports surged 46.1% year-on-year, versus the median estimate fo…
Australia’s Link Administration Holdings Ltd (OTC:LKADF) said on Thursday it will recommend a revised A$4.81-per-share offer by Canadian software firm Dye & Durham Ltd (OTC:DYNDF) that values the share registry firm at A$2.47 billion ($1.70 billion). (…
