Asian shares bounce back, shrugging off inflation concerns
Asian shares bounced back Friday from losses earlier in the week, shrugging off data showing U.S. wholesale prices soared 11%…
May 2022
SoftBank Posts $13 Billion FY Net Loss
By Sam Nussey TOKYO (Reuters) – SoftBank Group Corp reported on Thursday a net loss of 1.7 trillion yen ($13.12…
Philippine Economy In Solid Shape As Marcos Set To Take The Helm
By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) -Newly-elected Philippine President Ferdinand Marcos Jr. will inherit an economy…
China fights economic slump, sticks to costly ‘zero COVID’
BEIJING (AP) — China’s leaders are struggling to reverse an economic slump without giving up anti-virus tactics that shut down…
Bitcoin Resumes Tumble, Drops Around 2%
HONG KONG (Reuters) – Bitcoin resumed its slide on Thursday, continuing to fall alongside risk assets such as tech stocks,…
Toyota Rolls Out First Battery Electric Car In Cautious Debut As Rivals Go Full-throttle
By Satoshi Sugiyama and Maki Shiraki TOKYO (Reuters) – Toyota Motor Corp rolls out its first mass-produced battery electric car…
Oil Slips More Than 1%, Dogged By Recession Fears
By Florence Tan (Reuters) -Oil prices dropped more than 1% on Thursday in a volatile week as economic concerns and…
Shares Drop As Stubborn U.S. Inflation Stokes Worries On Rates, Economy
By Tom Westbrook SINGAPORE (Reuters) – Stocks fell and the dollar held firm on Thursday as data showed U.S. inflation…
Exclusive-Facebook-owner Meta Tells Hardware Staffers To Prepare For Cutbacks
By Katie Paul (Reuters) -Facebook-owner Meta Platforms Inc is preparing cutbacks in its Reality Labs division, a unit at the…
India’s Cbank Likely To Raise Inflation Projection In June Meeting, Consider More Rate Hikes-source
By Aftab Ahmed and Nupur Anand NEW DELHI (Reuters) – India’s central bank is likely to raise its inflation projection…