By Lewis Krauskopf (Reuters) – A look at the day ahead in Asian markets from Lewis Krauskopf, U.S. markets correspondent. Asian markets will be waking up to a jolt of central bank rate hikes and[...]
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Asia
Exclusive-Fast-fashion giant Shein plans new Mexico warehouse in Latin America push
By Daina Beth Solomon MEXICO CITY (Reuters) – Fast-fashion giant Shein is seeking more warehouse space in Mexico as it expands e-commerce operations in the country, part of the company’s b[...]
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Dollar up on risk aversion; sterling, Swiss franc slip despite rate hikes
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar advanced against a basket of currencies on Thursday after Fed Chair Jerome Powell backed more U.S. rate increases albeit at a “careful pa[...]
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Oil plunges 4% as interest rate hikes outweigh lower US oil supplies
By Stephanie Kelly NEW YORK (Reuters) -Oil futures fell about 4% on Thursday, as a bigger-than-expected Bank of England rate hike prompted worries about the economy and fuel demand that outweighed sup[...]
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GE to jointly produce fighter jet engines in India
(Reuters) – General Electric’s aerospace unit said on Thursday it has signed an agreement with India’s state-owned Hindustan Aeronautics Ltd to make fighter jet engines for the India[...]
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New orders and supply chain progress as Paris Airshow grapples with pandemic aftermath
By Tim Hepher, Valerie Insinna, Joanna Plucinska and Allison Lampert PARIS (Reuters) – The first Paris Airshow in four years has clocked up billions of dollars in commercial jet orders and offer[...]
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How Poland snagged Intel’s multi-billion dollar investment
By Karol Badohal and Supantha Mukherjee WROCLAW, Poland/STOCKHOLM (Reuters) – Poland’s third-largest city Wroclaw beat rivals last week to be home to the next multi-billion dollar Intel ch[...]
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VW investors question how Xinjiang plant audit will be run
By Victoria Waldersee BERLIN (Reuters) – While investors welcomed Volkswagen’s decision to audit its jointly-owned plant in Xinjiang, China, some are questioning how it will be run and whe[...]
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Big central banks are still hiking rates but eye the end
LONDON (Reuters) – Inflation is cooling, meaning major central banks can start to think about ending interest rate hikes even if most are not there just yet. The Bank of England, an outlier in s[...]
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