By Alun John HONG KONG (Reuters) – The yen fell to a fresh 20-year low against the dollar on Monday, as red hot U.S. inflation data drove up Treasury yields, diminishing the earlier boost from speculation Japanese authorities could intervene to support the currency. Central banks’ efforts to raise interest rates to curtail inflation will…
By Alun John HONG KONG (Reuters) – The yen fell to a fresh 20-year low against the dollar on Monday, as red hot U.S. inflation data drove up Treasury yields, diminishing the boost it got from speculation Japanese authorities could intervene to support the currency. The dollar climbed 0.43% on Monday to 135 yen, a…
By Florence Tan SINGAPORE (Reuters) – Oil prices slipped more than $2 on Monday as a flare-up in COVID-19 cases in Beijing quelled hopes for a rapid pick-up in China’s fuel demand, while worries about global inflation and economic growth further depressed the market. Brent crude futures fell $2.06, or 1.7%, to $119.95 a barrel…
SEOUL (Reuters) – South Korea’s exports for the first 10 days of June shrank 12.7% from the same period a year before, customs agency data showed on Monday. The country’s imports grew 17.5%, however, bringing the trade balance to a $6 billion deficit for the period. By product, exports of semiconductors grew 0.8% and petroleum…
TOKYO (Reuters) – Shares of Toyota Motor Corp opened down more than 2% on Monday after media reports citing criticism from European pension funds of the automaker for what they said were lobbying efforts that went against climate regulation for the industry. Toyota, the world’ top automaker, is holding its annual shareholders meeting on Wednesday….
LONDON (Reuters) – France made up more ground on Britain in attracting overseas direct investment into financial services last year, according to research by accountancy firm EY published on Monday. Britain still retained top spot in the European rankings – attracting 63 projects in 2021 – but the gap with second-placed France narrowed, with its…
By Choonsik Yoo SEOUL (Reuters) – A strike by South Korean truckers entered its seventh day on Monday, posing a test for the country’s new president and deepening stress on Asia’s fourth-largest economy, already facing stagflationary pressures. The strike by unionised truckers seeking higher pay has crippled ports like Busan in the export-dynamo economy, snarling…
By Choonsik Yoo SEOUL (Reuters) – A strike by South Korean truckers entered its seventh day on Monday, posing a test for the country’s new president and deepening stress on Asia’s fourth-largest economy, already facing stagflationary pressures. The strike by unionised truckers seeking higher pay has crippled ports like Busan in the export-dynamo economy, snarling…
By David Kirton SHENZHEN, China (Reuters) – David Fong made his way from a poor village in central China to the southern boomtown of Shenzhen as a young man in 1997. Over the next 25 years he worked for a succession of overseas manufacturers before building his own multi-million dollar business making everything from schoolbags…
LOS ANGELES (Reuters) – Global megahit “Squid Game” will return for a second season, Netflix Inc announced on Sunday, offering a few hints about what is to come in the dark Korean drama. “Squid Game” became Netflix’s most-watched series when it was released in September 2021. The show tells the story of cash-strapped contestants who…
