TOKYO (AP) — Asian shares mostly declined Tuesday amid a global fall in technology shares, including Japan’s SoftBank, which has reported hefty losses caused by the market downturn. Such worries are coming on top of concerns about inflation and what central banks might do to curb that trend. Higher interest rates tend to work as…
PARIS (Reuters) – French utility company Veolia confirmed on Monday a deal to sell Suez’s UK waste business to Australia’s Macquarie Group Ltd for around 2.4 billion euros ($2.4 billion). “Following this transaction, Veolia will remain a major player in the wase sector in the United Kingdom and, more broadly, in the environmental services market…
BEIJING (AP) — Asian stocks were mixed on Monday after strong U.S. jobs data cleared the way for more interest rate hikes and China reported its exports rose by double digits. Shanghai and Tokyo advanced while Hong Kong and Seoul retreated. Oil prices edged higher. Wall Street’s benchmark S&P 500 lost 0.2% on Friday after…
By Yuka Obayashi TOKYO (Reuters) – Japan intends to keep a stake in the Sakhalin-1 oil and gas project in Russia, industry minister Koichi Hagiuda said on Monday, after Russia temporarily banned Western investors from selling shares in key energy projects. The project contributed to diversifying Japan’s energy supply, Hagiuda told a news conference. “Sakhalin-1…
(Reuters) – Private equity firm Carlyle Group Inc said on Sunday its chief executive officer (CEO) Kewsong Lee, 56, has stepped down with immediate effect months before the scheduled end of his five-year contract. In a statement, Carlyle said it and Lee mutually agreed they would not renew Lee’s contract as CEO which finishes by…
By Wayne Cole SYDNEY (Reuters) – Asian share markets were mostly softer on Monday and the dollar held firm after a stunning U.S. payrolls report pushed back against talk of recession but also bolstered the case for more super-sized rate hikes. Markets quickly moved to price around a 70% chance the Federal Reserve will lift…
By Florence Tan SINGAPORE (Reuters) – Oil prices dropped on Monday, hovering near multi-month lows, as recession fears hurt demand outlook and data pointed to a slow recovery in China’s crude imports last month. Brent crude futures dropped 74 cents, or 0.8%, to $94.18 a barrel by 0039 GMT. Front-month prices hit the lowest levels…
By Daniel Leussink TOKYO (Reuters) – Japan ran a current account deficit for the first time in five months in June as surging imports eclipsed exports, data showed on Monday, highlighting the pressure that higher energy and raw material prices are putting on the economy. The world’s third-largest economy ran a current account deficit of…
(Reuters) – United Parcel Service Inc is nearing a deal to acquire Italian healthcare-logistics company Bomi Group, the Wall Street Journal reported on Sunday. The deal, worth several hundred million dollars, could be finalized as soon as Monday, the report said citing people familiar with the matter. (https://on.wsj.com/3BOoINA) UPS did not immediately respond to a…
WASHINGTON (Reuters) – A group representing General Motors, Toyota Motor, Volkswagen and other major automakers said a $430 billion bill approved Sunday by the U.S. Senate will put achieving U.S. electric-vehicle adoption targets for 2030 in jeopardy. The Alliance for Automotive Innovation had warned late Friday that most EV models would be ineligible for a…
