BERLIN (Reuters) – Higher demand from abroad drove a bigger-than-expected rebound in German industrial orders in November, data showed on Thursday, in rare good news for manufacturers suffering from supply bottlenecks and labour shortages in Europe’s largest economy. Orders for goods ‘Made in Germany’ rose 3.7% on the month in seasonally adjusted terms after a…
By Scott Murdoch HONG KONG (Reuters) -Banks in Hong Kong are taking steps to lower the number of people at the workplace after operating at near full capacity for the past few months, as the city tightens curbs due to a spike in COVID-19 cases. Bank of America has encouraged its staff to work from…
By David Randall (Reuters) – Another barometer of Federal Reserve hawkishness is making a bigger appearance on investors’ dashboards: quantitative tightening. Minutes from the Fed’s December meeting released on Wednesday showed that officials had discussed shrinking the U.S. central bank’s overall asset holdings as well as raising interest rates sooner than expected to fight inflation,…
By Andrew Galbraith SHANGHAI (Reuters) – Asian shares fell on Thursday, extending a global slump after Federal Reserve meeting minutes pointed to a faster-than-expected rise in U.S. interest rates due to concerns about persistent inflation. Worries over higher U.S. rates combined with growing concerns about the rapid spread of the Omicron coronavirus variant to weigh…
HONG KONG (Reuters) – Bitcoin fell below $43,000 on Thursday, testing multi-month lows after minutes from the Federal Reserve’s last meeting showed it leaning toward more aggressive policy action, which sapped investor appetite for riskier assets. The world’s largest cryptocurrency was last at $42,700, down 1.7%, having lost 5.2% on Wednesday. A break below last…
