BEIJING (AP) — China’s auto sales rose by a lackluster 3.4% over a year earlier in the first half of 2022 as anti-virus controls kept buyers away from dealerships, but demand in the industry’s biggest global market rebounded in June, an industry group reported Monday. Sales in January-June rose to 10.4 million, according to the…
HONG KONG (AP) — Shares of Chinese technology firms Alibaba and Tencent fell sharply on Monday, a day after Chinese regulators fined their subsidiaries for not disclosing transactions and failing to comply with anti-monopoly rules. E-commerce giant Alibaba’s shares in Hong Kong fell 6.8%, while gaming and social media company Tencent Holdings sank 3.2%. The…
BEIJING (AP) — Losing money due to COVID, the American casino giants that helped make Macao the “Las Vegas of Asia” face a fresh challenge: The tiny Chinese territory wants them to help reduce its reliance on gambling by paying to build theme parks and other attractions. The former Portuguese colony stayed out of business…
By Wayne Cole and Lawrence White SYDNEY/LONDON (Reuters) – Shares slid on Monday as investors braced for a U.S. inflation report that could force another super-sized hike in interest rates, and the start of an earnings season in which profits will be under pressure. The STOXX index of European shares fell 1.3%, with S&P 500…
For more than two years, the Biden administration has said that Palestinians are entitled to the same measure of “freedom, security and prosperity” enjoyed by Israelis. Instead, they’ve gotten U.S. aid and permits to work inside Israel and its Jewish settlements. The inconsistency is likely to come up when President Joe Biden visits Israel and…
By Tim Hepher PARIS (Reuters) – Europe’s Airbus has revised up its forecast for jet deliveries over the next 20 years as soaring fuel bills prompt airlines to speed up taking delivery of new, more fuel-efficient planes. Despite the war in Ukraine and a spike in inflation, Airbus edged up its average forecast for annual…
TOKYO (AP) — Asian shares fell Tuesday after a slump on Wall Street erased recent gains. U.S. futures and oil prices also declined. Investors are on the lookout this week for updates on inflation and corporate profits, while renewed coronavirus outbreaks are adding to jitters. The euro cost $1.0025, down from $1.0042, having dipped as…
By Leika Kihara TOKYO (Reuters) -Bank of Japan (BOJ) Governor Haruhiko Kuroda on Monday warned of “very high uncertainty” over the economic outlook and stressed anew the central bank’s readiness to ramp up stimulus as needed to underpin a fragile recovery. The remarks reinforce market expectations the BOJ will remain an outlier among a global…
By Alun John HONG KONG (Reuters) – The dollar climbed to a 24-year high on the yen on Monday after Japan’s ruling conservative coalition’s strong election showing indicated no change to loose monetary policies, and global growth fears helped the safe-haven dollar more broadly. The dollar climbed to as high as 137.28 yen in morning…
By Daniel Leussink TOKYO (Reuters) – Japan’s core machinery orders slipped for the first time in three months in May, hurting hopes that a pickup in business spending would offset pressure on an economy struggling with surging costs of energy and other imports due to a weak yen. The decline in core orders comes a…
