Asian shares mostly decline ahead of Fed chair’s key speech
TOKYO (AP) — Asian shares were mostly lower Wednesday ahead of a closely watched speech by the Federal Reserve chief…
2022
S&P Global Lowers 2023 Growth Forecast For Emerging Markets
(Reuters) – S&P Global Ratings lowered its 2023 growth forecast for emerging economies on Tuesday, citing persistent pressures from the…
Kenya’s Centum Investment H1 Pretax Profit Jumps Multi-fold
NAIROBI (Reuters) -Kenya’s Centum Investment Company Plc said on Tuesday its pretax profit rose to 224 million shillings ($1.83 million)…
South Korea orders striking cement truckers back to work
SEOUL, South Korea (AP) — South Korea’s government issued an order Tuesday for some of the thousands of truck drivers…
Behind Foxconn’s China Woes: Mistrust, Miscommunication, COVID Curbs
By Yew Lun Tian, Yimou Lee and Brenda Goh SHANGHAI/TAIPEI (Reuters) – When officials from his Chinese village approached Hou…
China Property Shares Surge On Opening Up Of Equity Financing Option
HONG KONG (Reuters) – Shares of Chinese property companies soared on Tuesday after the country’s securities regulator lifted a ban…
Oil Prices Slide On Concerns Over China’s Demand
By Yuka Obayashi TOKYO (Reuters) – Oil prices dropped in early trade on Tuesday, weighed down by concerns about slowing…
Faraday Future Appoints Xuefeng Chen As Global CEO
(Reuters) – Electric-vehicle startup Faraday Future Intelligent Electric said on Monday it has appointed Xuefeng Chen as global chief executive…
Arbitrator will referee Dr. J’s suit against brand developer
DOVER, Del. (AP) — A Delaware judge on Monday halted a lawsuit filed by basketball legend Julius Erving against a…
2 Fed officials favor keeping key rate at peak through 2023
WASHINGTON (AP) — Two Federal Reserve officials said Monday that they favor raising the Fed’s key rate to roughly 5%…