BEIJING (AP) — Asian stock markets slid Wednesday and oil prices surged more than $5 per barrel as Russian forces stepped up attacks on Ukrainian cities. Shanghai, Tokyo, Hong Kong and Seoul declined as President Vladimir Putin’s invasion fueled fears of global economic turmoil. Sydney gained. Wall Street’s benchmark S&P index lost 1.5% on Tuesday,…
BEIJING (AP) — Chinese manufacturing activity grew weakly in February, hampered by supply disruptions, anti-virus controls and lackluster global demand, two surveys showed Tuesday. A purchasing managers’ index issued by a Chinese business magazine, Caixin, improved to 50.4 from January’s 49.1 on a 100-point scale on which numbers above 50 show activity increasing. A separate…
By Makiko Yamazaki and Junko Fujita TOKYO (Reuters) – Toshiba Corp said on Tuesday Chief Executive Satoshi Tsunakawa is resigning – a sudden departure that comes after sources said internal opposition to the industrial conglomerate’s controversial restructuring plans grew. Toshhiba’s shares surged 3% on what was seen as a significant changing of the guard among…
(Reuters) – Mastercard Inc said late on Monday it had blocked multiple financial institutions from its payment network as a result of sanctions imposed on Russia over Moscow’s invasion of Ukraine. Mastercard will continue to work with regulators in coming days, the company said in a statement. It also promised to contribute a $2 million…
