TOKYO (AP) — Asian shares mostly declined Wednesday as investors looked ahead to a widely expected interest rate hike by the U.S. Federal Reserve as it works to squash the highest inflation in decades. Japan’s benchmark Nikkei 225 dipped 1.4% in morning trading to 27,308.66. Australia’s S&P/ASX 200 dropped 1.4% to 6,712.40. South Korea’s Kospi…
SEOUL, South Korea (AP) — South Korean prosecutors have asked Interpol to issue a fugitive alert for the founder of Terraform Labs as they investigate a $40 billion crash of the firm’s cryptocurrency that devastated retail investors around the world. The Seoul Southern District Prosecutors’ Office asked Interpol on Monday to circulate the “red notice”…
By Leika Kihara TOKYO (Reuters) – The Bank of Japan is set to maintain ultra-low interest rates and its dovish policy guidance on Thursday, a decision that comes hours after its U.S. counterpart’s expected big rate hike and could trigger a fresh bout of yen selling. The policy gap between the Bank of Japan (BOJ)…
By Hyonhee Shin SEOUL (Reuters) – South Korea’s opposition to new rules governing U.S. subsidies for electric vehicles are set to overshadow President Yoon Suk-yeol’s first official trip to the United States, disrupting a recent display of alliance strength with Washington. Yoon, who was in London for the funeral of Britain’s Queen Elizabeth, departed for…
By David Shepardson BETHESDA, Maryland (Reuters) – Marriott International Inc believes its new $600 million high-rise headquarters will entice workers to return after more than two years mostly working at home. The U.S. hotel company that owns and licenses about 8,100 hotels in 139 countries cut the ribbon Monday on the building near Washington, D.C….
DEARBORN, Mich. (AP) — A parts shortage that has thousands of Ford’s most-profitable vehicles sitting on lots waiting to be fully assembled has forced the automaker to slash its third-quarter earnings forecast. Ford said Monday that it expects to have 40,000 to 45,000 unfinished vehicles on its hands when the quarter ends Sept. 30. Most…
By Juliette Portala (Reuters) – The Net Zero Asset Owner Alliance (NZAOA) said on Tuesday that nearly two thirds of its members had set short-term goals to cut portfolio emissions in line with capping global warming at 1.5 degrees Celsius as “the clock is ticking” on climate change. NZAOA, which is composed of 74 investors…
OMAHA, Neb. (AP) — JBS has agreed to pay $20 million to settle a lawsuit with consumers that accused the giant meat producer of conspiring with other meat companies to inflate the price of pork. The latest meat-industry settlement will likely reinforce concerns that the White House, members of Congress and trade groups have raised…
By David French (Reuters) – Wall Street’s main indexes ended a seesaw session higher on Monday, as investors turned their attention to this week’s policy meeting at the Federal Reserve and how aggressively it will hike interest rates. Even more so than the Ukraine war or corporate earnings, the actions of the U.S. central bank…
WASHINGTON (Reuters) -A U.S. judge on Monday denied the Justice Department’s request to stop UnitedHealth Group from buying Change Healthcare, according to a court filing. Change’s shares rose 7% after the close of trading. The Justice Department filed a lawsuit in February aimed at stopping the $8 billion acquisition, saying the deal would give the…
