By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s central bank raised interest rates by 75 basis points to a near 14-year high of 4.25% on Wednesday and flagged more hikes to come as it[...]
Read more
Asia
China’s top auto association cancels Shanghai event citing COVID
SHANGHAI (Reuters) – China’s top auto association said on Wednesday it would cancel the second day of the China Automotive Overseas Development Summit that was taking place in Shanghai, ci[...]
Read more
S&P closes at more than two-month high on retail, energy lift
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks rallied on Tuesday, with the S&P 500 closing at its highest level in 2-1/2 months, as a sales forecast by Best Buy dampened concerns hig[...]
Read more
World shares rise, U.S. Treasury yields fall ahead of Fed minutes
By Chibuike Oguh NEW YORK (Reuters) – Global equities rose on Tuesday while U.S. Treasury yields fell as investors awaited the release of the Federal Reserve’s meeting minutes for clues on[...]
Read more
Marketmind: Stocks ‘n’ bonds – who to believe?
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. A U.S. or global recession in 2023 may not be most people’s base case forecast, but the risks ar[...]
Read more
Dollar slips as investors tiptoe back into riskier currencies
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar retreated across the board on Tuesday, ceding some of the ground gained in the previous session, as investors looked past worries about China[...]
Read more
Gavi rejects Novavax’s claim on COVID vaccine deal breach
(Reuters) -Global vaccine alliance Gavi on Tuesday rejected Novavax’s claim that the group had breached an advance purchase agreement to procure 350 million doses of the company’s COVID-19[...]
Read more
LG Chem to invest over $3 billion to build U.S. battery cathode plant
By Heekyong Yang SEOUL (Reuters) -South Korea’s LG Chem Ltd said on Tuesday it will invest more than $3 billion to build a battery cathode factory in Tennessee, as it ramps up plans to meet risi[...]
Read more
Huawei separates Russia business from other CIS countries -source
MOSCOW (Reuters) – Chinese telecoms giant Huawei is separating its corporate division in Russia and Belarus from other CIS countries, a source close to the company told Reuters on Tuesday. Russi[...]
Read more