By Foo Yun Chee BRUSSELS (Reuters) -The U.S. Chamber of Commerce and 12 other groups on Thursday warned the European Union against adopting rules that could exclude Amazon, Alphabet unit Google, Microsoft and other non-EU cloud services providers from the European market. The Chamber, the National Foreign Trade Council, the Japan Association of New Economy,…
By Leika Kihara TOKYO (Reuters) -Factory output slumped widely across Asia in November as slowing global demand and uncertainty over the fallout from China’s strict COVID-19 lockdowns weighed on business sentiment, private surveys showed on Thursday. The results highlighted Asia’s darkening economic outlook for 2023, as the lockdowns disrupt international supply and heighten fears of…
BANGKOK (AP) — Shares retreated in Asia on Friday after a mixed day on Wall Street as optimism over signs the Federal Reserve may temper its aggressive interest rate hikes was replaced by worries the economy might be headed for a recession. A U.S. measure of inflation that’s closely watched by the Federal Reserve eased…
HONG KONG (AP) — Videos of hundreds protesting in Shanghai started to appear on WeChat on Saturday night. Showing chants about removing COVID-19 restrictions and demanding freedom, they would stay up only a few minutes before being censored. Elliot Wang, a 26-year-old in Beijing, was amazed. “I started refreshing constantly, and saving videos, and taking…
By Kevin Yao BEIJING (Reuters) – China’s $17 trillion economy is headed for one of its worst showings this year in almost half a century, but its central bank has limited options in its armoury for providing policy support as it would want to avoid stoking capital flight. The People’s Bank of China (PBOC) is,…
A look at the day ahead in European and global markets from Ankur Banerjee: With a Fed pivot coming in to view, thanks to Jerome Powell, and optimism about China’s reopening prospects, investors have rediscovered their risk appetite, pouring into equities and sending safe-haven U.S. dollar lower. All it took was for Fed Chair Powell…
By Andrea Shalal WASHINGTON (Reuters) -International Monetary Fund strategy chief Ceyla Pazarbasioglu said she will travel to China next week for high-level meetings, part of efforts to press the world’s largest sovereign creditor for quicker progress on debt restructurings for countries in need. Pazarbasioglu welcomed China’s participation in a debt treatment package for Chad, the…
By Sonali Paul MELBOURNE (Reuters) -Woodside Energy Group Ltd, Australia’s top independent gas producer, flagged on Thursday a drop in free cash flow over the next few years, which raised alarm among analysts about future dividend payouts. Woodside’s shares fell 1.8% after its annual investor briefing in a broader market that was up 0.9%, even…
NEW YORK (AP) — Amazon CEO Andy Jassy said Wednesday the company does not have plans to stop selling the antisemitic film that gained notoriety recently after Brooklyn Nets guard Kyrie Irving tweeted out an Amazon link to it. Pressure has been mounting on Amazon to discontinue sale of the film, called “Hebrews to Negroes:…
NEW YORK (AP) — The former CEO of the failed cryptocurrency exchange FTX said Wednesday that he did not “knowingly” misuse customers’ funds, and said he believes his millions of angry customers will eventually be made whole. The comments from Sam Bankman-Fried came during an interview with Andrew Ross Sorkin at a conference put on…
