BEIJING (Reuters) – Several small and mid-sized banks in China have lowered their deposit interest rates, a move that could help ease costs as loan growth faces more pressure amid rising economi[...]
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April 11, 2023
Uniqlo owner expected to post 30% profit rise, as investors eye China results
By Rocky Swift TOKYO (Reuters) – Second-quarter results from Japan’s Fast Retailing Co, owner of clothing brand Uniqlo, will on Thursday offer a window into how rapidly demand in China is[...]
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Kazakhstan takes oil majors to arbitration over costs
ASTANA (Reuters) -Kazakhstan has started arbitration proceedings against companies developing its Kashagan and Karachaganak oilfields over $13 billion and $3.5 billion respectively in costs deducted a[...]
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Explainer-Why European money market funds inflows are lagging behind the U.S. torrent?
By Harry Robertson LONDON (Reuters) – Investors poured $367 billion into U.S. money market funds in March, according to data provider EPFR, as the collapse of Silicon Valley Bank caused stocks t[...]
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Amid risk of stalling in EV race, Spain’s rebooted aid scheme gets warm reception
By Joan Faus MADRID (Reuters) – Volkswagen and Renault plan to request funds from a revamped Spanish government scheme aimed at encouraging electric vehicle (EV) production in the country, while[...]
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US proposes to slash EV mileage ratings to meet fuel economy rules
By David Shepardson WASHINGTON (Reuters) – The U.S. Energy Department (DOE) on Monday proposed reducing electric vehicles’ (EV) mileage ratings to meet government fuel economy requirements[...]
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Activision threatened, spied on workers amid union drive, U.S. agency alleges
By Daniel Wiessner (Reuters) – (This March 31 story has been corrected to clarify that the labor agency is alleging that Activision violated the law but has not yet issued a final ruling in the[...]
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Bank of Korea holds steady but warns against early rate cut bets
By Jihoon Lee and Choonsik Yoo SEOUL (Reuters) -South Korea’s central bank on Tuesday held interest rates steady and warned against expectations for a rate cut within this year, saying cooling b[...]
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Debt crunch looms for weaker economies with a wall of bond maturities ahead
By Jorgelina do Rosario WASHINGTON (Reuters) -A combination of sticky high interest rates and lacklustre global growth could push a number of emerging economies that are facing soaring refinancing nee[...]
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