By Wayne Cole SYDNEY (Reuters) – Asian share markets turned hesitant on Monday as investors fretted about the economic fallout from fresh COVID-19 restrictions in China, while bonds and the dollar braced for more updates on U.S. monetary policy. Beijing’s most populous district urged residents to stay at home on Monday as the city’s COVID…
By Ju-min Park SEOUL (Reuters) – In an upscale Seoul neighbourhood two years ago, a white Tesla Model X smashed into a parking lot wall. The fiery crash killed a prominent lawyer – a close friend of South Korea’s president. Prosecutors have charged the driver with involuntary manslaughter. He blames Tesla. Choi Woan-jong, who…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Reports of the dollar’s decline may have been greatly exaggerated, and if that turns out to be the case, it’s bad news for Asia. World stocks have rebounded strongly, bond yields and the dollar have fallen, and financial…
WASHINGTON (Reuters) -The Inter-American Development Bank (IDB) said on Sunday its board of governors has elected Brazil’s Ilan Goldfajn as president of the financial institution, after Mauricio Claver-Carone, the first American to lead it, was ousted over ethics violations. Five countries – Argentina, Trinidad and Tobago, Mexico, Brazil and Chile – had nominated candidates to…
WASHINGTON (Reuters) – The governors of the Inter-American Development Bank (IDB) have elected Brazil’s Ilan Goldfajn as president of the financial institution after Mauricio Claver-Carone, the first American to lead it, was ousted over ethics violations, two sources told Reuters. Five countries – Argentina, Trinidad and Tobago, Mexico, Brazil and Chile – had nominated candidates…
By David Randall NEW YORK (Reuters) -As the most important shopping period of the year approaches, some investors are betting shares of beaten-down consumer stocks will benefit if inflation keeps falling and retail sales stay strong. Consumer discretionary stocks, a group whose members run the gamut from Amazon.com Inc and automaker Tesla Inc to retailer…
MADRID (Reuters) – The European mobile towers market is “pretty much closed” as rising inflation makes it harder for companies to finance new deals and the availability of assets declines, the chief executive of Cellnex told the Financial Times. “M&A activity is over. Material, inorganic growth, for the next 24 months is over,” Tobías Martínez…
(Reuters) – Cryptocurrency exchange FTX, which has filed for U.S. bankruptcy court protection, said it owes its 50 biggest creditors nearly $3.1 billion. The exchange owes about $1.45 billion to its top ten creditors, it said in a court filing on Saturday, without naming them. FTX and its affiliates filed for bankruptcy in Delaware on…
By Sheila Dang and Helen Coster (Reuters) -Donald Trump on Saturday said he had no interest in returning to Twitter even as a slim majority voted in favor of reinstating the former U.S. President, who was banned from the social media service for inciting violence, in a poll organized by new owner Elon Musk. Slightly…
By Sheila Dang and Helen Coster (Reuters) -Donald Trump on Saturday said he had no interest in returning to Twitter even as a slim majority voted in favor of reinstating the former U.S. President, who was banned from the social media service for inciting violence, in a poll organized by new owner Elon Musk. Slightly…
