MANILA (Reuters) – A Philippine inter-agency panel chaired by President Ferdinand Marcos Jr on Thursday approved removing tariffs on electric vehicles (EVs) to spur demand amid high fuel costs.[...]
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November 24, 2022
Bankers pour cold water on red hot coal
By Sarah McFarlane and Clara Denina LONDON (Reuters) – It’s the best of times, it’s the worst of times. At least when it comes to mining coal. After years of decline, demand for the[...]
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Atlantia set to be delisted as buyout bid reaches 90% threshold
MILAN (Reuters) -A buyout offer launched by the Benetton family and U.S. investment fund Blackstone for Italy’s Atlantia has reached the 90% threshold for the deal to proceed and trigger the com[...]
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Japan’s Mitsubishi UFJ to buy two Asia units of Home Credit for $620 million
By Makiko Yamazaki TOKYO (Reuters) – Japan’s Mitsubishi UFJ Financial Group Inc said on Thursday it would buy the Philippines and Indonesian units of Dutch consumer finance company Home Cr[...]
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Billionaire investor Ackman bets Hong Kong dollar peg can break
By Tom Westbrook SINGAPORE (Reuters) – Billionaire investor Bill Ackman said he’s betting the Hong Kong dollar will fall and that its peg to the U.S. dollar can break, the latest big money[...]
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Global regulators to target crypto platforms after FTX crash
By Huw Jones LONDON (Reuters) – The crash of FTX exchange has injected greater urgency into regulating the crypto sector and targeting such ‘conglomerate’ platforms will be the focus[...]
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Marketmind: COVID vs RRR
By Stella Qiu SYDNEY (Reuters) – A look at the day ahead in European and global markets from Stella Qiu: Another central bank pivots. The Bank of Korea on Thursday slowed its pace of tightening[...]
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Colombian airlines Avianca, Viva appeal against merger denial
BOGOTA (Reuters) – Colombian airlines Avianca and Viva have appealed to the aviation regulator after it denied their plan to merge, proposing steps to allay its concerns, such as yielding some r[...]
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Japan Nov factory activity shrinks at quickest pace in 2 years
TOKYO (Reuters) – Japan’s manufacturing activity contracted at the fastest pace in two years in November as demand worsened due to strong inflationary pressures, a business survey showed o[...]
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