BEIJING (Reuters) – China’s commerce ministry said on Thursday U.S. moves on tariffs would hurt U.S. companies and consumers, in response to reports that President Joe Biden was holding back on a decision to scrap Trump-era tariffs on Chinese imports. (Reporting by Beijing newsroom; Editing by Peter Graff)
TOKYO (AP) — Asian benchmarks rose Friday, cheered by gains on Wall Street as comments from the Federal Reserve chairman assured markets on the expected rate rise. Japan’s benchmark Nikkei 225 rose 0.4% in morning trading to 28,181.50. Australia’s S&P/ASX 200 added 0.5% to 6,881.30. Hong Kong’s Hang Seng jumped 2.3% to 19,282.70, while the…
By Laura Sanicola and Muyu Xu (Reuters) -Oil prices rose by as much as $1 per barrel on Thursday after dropping below key technical support levels in the previous session, as an energy standoff between Europe and Russia focused investor minds on how tight fuel supply may become. Brent crude futures gained 63 cents, or…
By Sam Byford TOKYO (Reuters) – Asian stocks rode a global rally on Thursday, making broad gains as oil prices steadied at lower levels not seen since before Russia’s invasion of Ukraine, though China was an exception as weak data signalled more pressure on the COVID-hit economy. Futures markets pointed to the rally extending in…
By Wayne Cole SYDNEY (Reuters) -Australia’s top central banker opened the door on Thursday to slowing the bank’s policy tightening after five rate increases in as many months, sparking a rally in bonds as markets scaled back bets on further aggressive moves. In a speech on the policy outlook, Reserve Bank of Australia (RBA) Governor…
BANGKOK (Reuters) – Chinese electric vehicle maker BYD on Thursday announced it would set up a facility in Thailand to start producing 150,000 passenger cars a year from 2024. BYD announced in a joint statement with Thai industrial developer WHA Group that a purchase agreement had been signed for 96 hectares of land for the…
By Kevin Buckland TOKYO (Reuters) – The dollar resumed its rise in Asia on Thursday after falling back from a two-decade high overnight, as investors pondered the path of global monetary policy ahead of a European Central Bank rate decision and comments from Federal Reserve Chair Jerome Powell later in the day. The U.S. dollar…
By Eva Mathews (Reuters) -GameStop Corp on Wednesday reported a smaller-than-expected quarterly loss and a partnership with FTX US to increase its presence in the cryptocurrency space, sending the video game retailer’s shares up 10% in extended trading. The company will start selling FTX gift cards at some of its stores as part of the…
By Daniel Leussink TOKYO (Reuters) – Japan’s economy grew more than initially reported in the second quarter, as the lifting of local COVID-19 restrictions boosted consumer and business spending. That meant Japan saw its economy grow for a third quarter in April-June, even as worries about a slate of issues such as a global slowdown…
By Stephen Nellis (Reuters) -Apple Inc on Wednesday avoided price hikes of its best-selling iPhones during its biggest product launch of the year, focusing on safety upgrades rather than flashy new technical specs with the exception of a new adventure-focused watch. The iPhone maker leaned into safety technologies like the ability to detect a car…
