By Xie Yu HONG KONG (Reuters) – Gains in banks, energy and mining stocks lifted Asian equities a little higher on Tuesday as investors braced for aggressive U.S. rate hikes and war disrupting oil supplies. Oil futures rose nearly 3% to a two-week high in Asia. The yen fell through the key 120 level against…
BEIJING (AP) — Alibaba Group, the world’s biggest e-commerce company, increased a share buyback to $25 billion from $15 billion on Tuesday to prop up a stock price that has fallen by more than half since the ruling Communist Party tightened control over tech industries by launching regulatory crackdowns. The increase is a “sign of…
(Reuters) -Alibaba raised its share buyback programme to $25 billion on Tuesday, the largest ever repurchase plan by the e-commerce giant, to prop up its battered shares as it fights off regulatory scrutiny and concerns about slowing growth. The plan comes amid a tech stock rally in the past few days after Chinese Vice Premier…
By Asha Sistla (Reuters) – Gold prices held steady on Tuesday as U.S. Treasury yields hit multi-year highs following an aggressive inflation stance by the Federal Reserve chairman, while an intensifying conflict between Russia and Ukraine supported bids for the safe-haven metal. Spot gold was flat at $1,936.82 per ounce by 0347 GMT. U.S. gold…
BEIJING (AP) — China is, along with North America and Europe, one of the world’s top three air travel markets. It has dramatically improved safety since a string of deadly crashes in the 1990s and 2000s. The crash Monday of a China Eastern flight comes after years free of major air disasters. The country has…
By Chris Taylor NEW YORK (Reuters) – When it comes to passing money smarts to children, many parents know where to start. In the beginning, they introduce kids to the concept, giving them small amounts of money like allowances or tooth-fairy gifts to handle. The end goal is a fully-functioning financially responsible grownup – earning…
