BEIJING (Reuters) – China’s factory activity shrank in November as widespread COVID-19 curbs disrupted manufacturers’ output, a private sector survey showed on Thursday, weighing on[...]
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Asia
BHP’s CEO expects Chinese economic growth to continue
(Reuters) -BHP Group Ltd Chief Executive Mike Henry told the Reuters NEXT conference on Wednesday that “all fundamentals are in place” in China for continued economic growth over the next[...]
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Roche shutters most trials of Alzheimer’s drug after failed trials
By Julie Steenhuysen CHICAGO (Reuters) – Swiss drugmaker Roche is closing down most clinical trials of its experimental Alzheimer’s drug gantenerumab after it failed to slow advance of the[...]
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Bank of Korea ready to adjust tightening pace, hopes for peak rate near 3.5%
By Cynthia Kim SEOUL (Reuters) -South Korea’s central bank is ready to adjust its pace of policy tightening to achieve a soft landing in real estate and hopes the peak of its target rate in this[...]
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Stocks rally, yields and dollar fall as Powell signals slower hikes
By Sinéad Carew NEW YORK (Reuters) – Wall Street equities closed sharply higher on Wednesday while U.S. Treasury yields declined and the dollar sank after Federal Reserve Chair Jerome Powell sai[...]
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Marketmind: Waiting on Beijing
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The surprisingly dovish tone of Fed Chair Jerome Powell’s speech on Wednesday is likely to drive[...]
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Emerging market policymakers dare to hope for brighter 2023
(Reuters) – Policymakers in Asia and Africa voiced growing economic optimism at a Reuters conference on Wednesday, chiming with a rally in emerging markets, an expected slowdown in U.S. rate hik[...]
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EU defends gas price cap proposal after country criticism
By Kate Abnett BRUSSELS (Reuters) -The European Union’s energy chief on Wednesday defended the bloc’s proposal to cap gas prices and said countries will negotiate possible changes to the p[...]
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Honda to develop advanced level 3 self-driving technology by 2029
TOKYO (Reuters) – Honda said it would develop technology enabling its level 3 self-driving capability to function at any speed below legal limits on highways by the second half of the 2020s as i[...]
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