TOKYO (AP) — Asian shares retreated on Wednesday, echoing a broad decline on Wall Street and driven by worries about how the war in Ukraine may push prices for oil and other commodities higher. Tokyo’s benchmark rose after Prime Minister Fumio Kishida announced measures to help poor families and small businesses as the nation copes…
By Xie Yu HONG KONG (Reuters) – Asian shares bounced up on Tuesday after a late revival on Wall Street, though global growth fears stoked by China’s strict COVID-19 curbs and an expected streak of aggressive Federal Reserve tightening sapped risk appetite. By 0450 GMT, MSCI’s broadest index of Asia-Pacific shares outside Japan ticked up…
By Medha Singh and Lisa Pauline Mattackal (Reuters) – Ether has promised to do better. It has promised to go to the next level, edging out crypto rivals and even outshining the godfather, bitcoin. But the clock’s ticking. The No.2 cryptocurrency was supposed to be weeks away from the “merge”, a transformative June upgrade of…
SINGAPORE/LONDON (Reuters) -HSBC Holdings reported a 27% fall in quarterly profit on Tuesday, as the Asia-focussed bank suffered from decreased revenues and slowing growth in Hong Kong. Europe’s largest bank with a market value of $130 billion posted a pretax profit of $4.2 billion for the first quarter ended March, versus $5.78 billion a year…
By Leika Kihara TOKYO (Reuters) -The Asian region faces a “stagflationary” outlook amid significant uncertainty with economic growth being lower than previously expected and inflation being higher, a senior International Monetary Fund (IMF) official said on Tuesday. While Asia’s trade and financial exposures to Russia and Ukraine are limited, the region’s economies will be affected…
RIO DE JANEIRO (AP) — A Brazilian federal court on Monday upheld the suspension of an environmental license for what would be the largest open-pit gold mine in the nation’s Amazon rainforest, dealing a blow to the Canada-based company behind the project. Belo Sun Mining Corp. was appealing the same court’s 2017 ruling, which found…
A disaster-weary globe will be hit harder in the coming years by even more catastrophes colliding in an interconnected world, a United Nations report issued Monday says. If current trends continue the world will go from around 400 disasters per year in 2015 to an onslaught of about 560 catastrophes a year by 2030, the…
By Tim Hepher LONDON (Reuters) – A British judge will on Tuesday rule whether Airbus must keep building A321neo jetliners for estranged Qatar Airways in a decision with implications for future multi-billion-dollar jet deals, as their public bust-up returns to London’s High Court. Airbus revoked the A321neo deal in January in retaliation for Qatar’s refusal…
By Dietrich Knauth (Reuters) -Walgreens Boots Alliance and Teva Pharmaceutical Industries Ltd ignored the health risks when they created new markets for opioids, a lawyer for the city of San Francisco told a judge on Monday during opening statements of the first trial to target manufacturers, distributors and pharmacies over the addictive pain medicines. Richard…
Twitter’s acceptance of Elon Musk’s roughly $44 billion takeover bid brings the billionaire Tesla CEO one step closer to owning the social media platform. The deal is expected to close sometime this year. But before that, shareholders still have to weigh in, as well as regulators in the U.S. and in countries where Twitter does…
