HONG KONG (Reuters) – Hong Kong’s July retail sales rose 16.5% from a year earlier in the eighth consecutive month of growth helped by an increase in visitor arrivals and positive consumpt[...]
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August 31, 2023
Exclusive-Chinese exporters using currency swaps to retain dollars as yuan sags
SHANGHAI/SINGAPORE (Reuters) – Chinese exporters are using a complicated currency swap strategy to avoid converting their dollar earnings into yuan for fear of losing out on potential gains in t[...]
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Privacy activist Schrems files complaints against Google’s Fitbit
By Supantha Mukherjee STOCKHOLM (Reuters) – Advocacy group Noyb on Thursday filed complaints against Google-owned Fitbit in Austria, the Netherlands and Italy accusing the fitness tracking compa[...]
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Thailand’s economic recovery on track but exports weigh
BANGKOK (Reuters) – Thailand’s economic recovery remained on track in July as private spending increased and the tourism sector expanded on higher foreign tourist arrivals, while exports d[...]
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Tesla faces federal probe over vehicle range after Reuters report -WSJ
(Reuters) – Federal prosecutors are looking into Tesla performance claims after Reuters reported the electric carmaker exaggerated the potential driving distance of its vehicles, the Wall Street[...]
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Row with China over Fukushima release could shave 0.2% off Japan GDP -Daiwa
TOKYO (Reuters) – A row with China over Tokyo’s decision to release treated radioactive water from the Fukushima nuclear power plant could shave 0.2% off Japan’s real gross domestic[...]
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Japan budget demands hit record as BOJ tweaks raise borrowing costs -sources
By Takaya Yamaguchi and Tetsushi Kajimoto TOKYO (Reuters) -Japan’s budget demands will hit a record for the next fiscal year, exceeding 112 trillion yen ($767 billion), sources told Reuters, as[...]
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Fed’s Bostic says U.S. interest rates are high enough
(Reuters) – Atlanta Federal Reserve Bank President Raphael Bostic laid out a case on Thursday against any further U.S. interest rate hikes, saying monetary policy is already tight enough to brin[...]
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Shares in Swiss bank UBS hit highest since late 2008
MILAN (Reuters) – Shares in UBS hit their highest level since October 2008 on Thursday, extending a strong run that has put the Swiss bank well ahead of its European rivals following the takeove[...]
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