By Kevin Buckland and Georgina Lee TOKYO (Reuters) – The dollar scaled new 24-year heights on the yen on Wednesday, breaching levels that prompted intervention by Japanese officials last month, while investors in sterling were scratching their heads about the Bank of England’s plans. The dollar reached as high as 146.39 yen in early Asia…
ISTANBUL (Reuters) – Turkish industrial production expanded 1% year-on-year in August, data showed on Wednesday, extending its rise for a 26th consecutive month against a background of surging inflation and lira weakness. Month-on-month, industrial output expanded 2.4% on a calendar and seasonally adjusted basis, the Turkish Statistical Institute said. (Reporting by Berna Suleymanoglu and Azra…
BEIJING (AP) — Asian stock markets fell Thursday ahead of an update on U.S. inflation that investors worry will reinforce the Federal Reserve’s plans for more aggressive interest rate hikes. Shanghai, Tokyo, Hong Kong and Seoul. Oil prices edged lower. Wall Street’s benchmark S&P 500 ended lower Wednesday after a gauge of producer prices edged…
DAKAR, Senegal (AP) — A new liquefied natural gas project off Africa’s western coast may only be 80% complete, but already the prospect of a new energy supplier has drawn visits from the leaders of Poland and Germany. The initial field near Senegal and Mauritania’s coastlines is expected to contain about 15 trillion cubic feet…
By Xinghui Kok SINGAPORE (Reuters) -Deutsche Bank said on Wednesday it was replacing its Asia Pacific head of international private banking with a senior hire from embattled Swiss bank Credit Suisse. Singapore-based Jin Yee Young, who resigned from her role as the deputy head of Credit Suisse’s Asia Pacific wealth management business, was appointed as…
By Chen Lin SINGAPORE (Reuters) – Singapore’s economy is expected to have expanded at a slower pace in the third quarter, underlining the central bank’s challenge as it balances the urgency of tackling inflation without triggering a steep recession by over-tightening policy. Advance data on Friday is expected to show gross domestic product (GDP) expanded…
By Kanupriya Kapoor SINGAPORE (Reuters) -Asian stocks wallowed at two-year lows on Wednesday, after a strengthening dollar, instability in the U.K. bond market, and upcoming U.S. inflation data spelled a wild session on Wall Street and further volatility for investors. Sterling languished at a two-week trough after Bank of England Governor Andrew Bailey on Tuesday…
(Reuters) – Billionaire entrepreneur Elon Musk’s SpaceX is set to seek a permit to launch satellite internet services in India under its Starlink brand, becoming the third company to apply for such a permit, the Economic Times reported on Wednesday. SpaceX will also seek statutory approvals from the government for landing rights and market access,…
By Jody Godoy (Reuters) – Grayscale Investments said in a court filing Tuesday that the U.S. Securities and Exchange Commission set the bar too high for spot bitcoin exchange-traded funds, which have so far not been approved for listing on U.S. exchanges. Grayscale sued the regulator in June, after the SEC denied its bid to…
By Daniel Wiessner, Nandita Bose and David Shepardson WASHINGTON (Reuters) -A U.S. Department of Labor rule proposed Tuesday would make it more difficult for companies to treat workers as independent contractors, a change that is expected to shake up ride-hailing, delivery and other industries that rely on gig workers. Gig company stocks were hammered by…
