MOSCOW (Reuters) – South Korea’s Hyundai Motor Co, formerly one of Russia’s biggest car makers, has begun laying off workers at its St Petersburg factory, which has stood idle since[...]
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Asia
Wall Street mixed, Treasury yields rise as 2023 worries loom
By Stephen Culp NEW YORK (Reuters) -U.S. stocks were mixed and benchmark Treasury yields gained on Monday as a lack of market catalysts kept investors largely on the sidelines at the beginning of a li[...]
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Rouble slumps to 7-month low, biggest one-day drop since July
By Alexander Marrow MOSCOW (Reuters) -The rouble slumped to its weakest point in more than seven months against the dollar on Monday and was on course for its biggest single-day drop since July amid f[...]
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Morning bid: No Messi magic for markets
A look at the day ahead in European and global markets from Anshuman Daga Soccer fans enjoyed an extraordinary final of the World Cup on Sunday as high emotion and intense drama gave way to Lionel Mes[...]
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Yen for change
A look at the day ahead in U.S. and global markets from Mike Dolan. World markets head into the final full week of 2022 slightly punch drunk from this month’s latest salvo of central bank intere[...]
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China Evergrande’s stake in services unit drops to 51.7% on forced selling – filing
HONG KONG (Reuters) – China Evergrande Group’s shareholding in its property services unit has fallen to 51.71% from 58.18% after forced selling of pledged shares by a third party, a Hong K[...]
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United Arab Emirates to host next major WTO meeting in Feb. 2024
GENEVA (Reuters) – The next World Trade Organization ministerial conference will be held in Abu Dhabi, United Arab Emirates in February 2024, the global trade watchdog confirmed in a statement o[...]
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LG Energy Solution to invest $3.1 billion in S.Korea battery facility
By Joyce Lee SEOUL (Reuters) -South Korean battery maker LG Energy Solution said on Monday it plans to invest 4 trillion won ($3.1 billion) from this year to 2026 in a facility making batteries for el[...]
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Take Five: Keeping the lights on
(Reuters) – The Bank of Japan will be the last of the major central banks to hold a policy meeting this year, and policy-makers in emerging economies also mark the year-end with rates decisions.[...]
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