(Reuters) – Russian manufacturing activity shrank in February as new orders fell for the first time in six months as businesses felt the impact of the COVID-19 pandemic, a survey showed on Tuesday. The Markit Purchasing Managers’ Index (PMI) fell to 48.6 in February from 51.8 in the previous month, slipping below the 50.0 mark…
BEIJING (AP) — Asian stock markets slid Wednesday and oil prices surged more than $5 per barrel as Russian forces stepped up attacks on Ukrainian cities. Shanghai, Tokyo, Hong Kong and Seoul declined as President Vladimir Putin’s invasion fueled fears of global economic turmoil. Sydney gained. Wall Street’s benchmark S&P index lost 1.5% on Tuesday,…
BEIJING (AP) — Chinese manufacturing activity grew weakly in February, hampered by supply disruptions, anti-virus controls and lackluster global demand, two surveys showed Tuesday. A purchasing managers’ index issued by a Chinese business magazine, Caixin, improved to 50.4 from January’s 49.1 on a 100-point scale on which numbers above 50 show activity increasing. A separate…
By Makiko Yamazaki and Junko Fujita TOKYO (Reuters) – Toshiba Corp said on Tuesday Chief Executive Satoshi Tsunakawa is resigning – a sudden departure that comes after sources said internal opposition to the industrial conglomerate’s controversial restructuring plans grew. Toshhiba’s shares surged 3% on what was seen as a significant changing of the guard among…
(Reuters) – Mastercard Inc said late on Monday it had blocked multiple financial institutions from its payment network as a result of sanctions imposed on Russia over Moscow’s invasion of Ukraine. Mastercard will continue to work with regulators in coming days, the company said in a statement. It also promised to contribute a $2 million…
By Kevin Buckland TOKYO (Reuters) – The rouble tried to regain some stability on Tuesday after its crash to an all-time low, while the U.S. dollar resumed its rise against major peers as traders paused for breath amid the fast-moving Ukraine crisis. A modicum of calm has returned to currency markets since officials from Russia…
TOKYO (AP) — Toyota plans to resume production at all of its 14 plants as of Wednesday, after they were idled for a day due to a cyberattack on a domestic supplier. The supplier, Kojima Industries Corp., said Tuesday it had found a virus in its computer server. Details were under investigation, it said. The…
By Nidhi Verma and Nupur Anand NEW DELHI/MUMBAI (Reuters) – India’s top lender will not process any transactions involving Russian entities subject to international sanctions imposed on Russia after its invasion of Ukraine, according to a letter seen by Reuters and people familiar with the matter. “No transactions involving entities, banks, ports or vessels appearing”…
By Dawn Chmielewski (Reuters) – Streaming media company Roku is removing the app for Russian state television network Russia Today from its Roku Channel Store in Europe, a person familiar with the matter said on Monday. Roku joins other technology companies that have taken steps to restrict access to Russian state media outlets. Meta Platforms…
TOKYO (Reuters) -Japan’s Toyota Motor Corp said it will restart domestic production from Wednesday, a day after all of its factories nationwide ground to a halt following a cyber attack at a supplier. Toyota said in a statement it would restart domestic production at its 14 domestic factories from Wednesday. The suspension on Tuesday was…
