SHANGHAI (Reuters) -U.S. automaker Tesla is suspending production at its Shanghai factory for four days after the financial hub said on Sunday it would lock down in two stages to carry out mass testing for COVID 19, two people familiar with the matter said. The company has notified its workers and suppliers of the move,…
By Kantaro Komiya TOKYO (Reuters) – Japan will revise its foreign exchange law to prevent Russia from evading Western financial sanctions following Moscow’s invasion of Ukraine through cryptocurrency assets, top government officials said on Monday. The government will submit a revision of the Foreign Exchange and Foreign Trade Act to the current parliament session to…
By Wayne Cole SYDNEY (Reuters) – Asian shares faltered and oil prices slid on Monday as a coronavirus lockdown in Shanghai hit economic activity, while the yen extended its stomach-churning descent as the Bank of Japan stood in the way of higher yields. China’s financial hub of 26 million people told all firms to suspend…
BANGKOK (AP) — Asian shares were higher Tuesday after an advance on Wall Street ahead of another round of peace talks between Russia and Ukraine. Crude oil prices fell further after sinking 7% on Monday. Trading has remained choppy as investors try to gauge what’s next for inflation and the global economy as the repercussions…
By Alun John and Kevin Buckland HONG KONG/TOKYO (Reuters) – The Japanese yen slipped to a six-year low on Monday, after the Bank of Japan stepped into the market to stop government bond yields from rising above its key target, while bitcoin jumped to nearly its highest this year. The BOJ, on Monday morning offered…
By Leika Kihara TOKYO (Reuters) – The Bank of Japan on Monday offered to buy unlimited amounts of 10-year Japanese government bonds (JGBs) at 0.25%, stepping into the market to defend its implicit yield cap for the second time this year. The move came after the 10-year JGB yield crept up to a six-year high…
By Alun John HONG KONG (Reuters) – The Japanese yen resumed its slide on Monday morning, after the Bank of Japan stepped into the market to defend its implicit yield cap, and bitcoin rose to nearly its highest this year ahead of a week filled with plenty of data to guide markets. The yen fell…
By Sonali Paul and Yuka Obayashi MELBOURNE/TOKYO (Reuters) -Oil prices plunged about $4 on Monday as concerns over slower fuel demand in China grew after authorities in Shanghai said they would shut the country’s financial hub for a COVID-19 testing blitz over nine days. The market kicked off another week of uncertainty, buffeted on one…
SHANGHAI (Reuters) – U.S. automaker Tesla is suspending production at its Shanghai factory for four days after the city announced on Sunday night it would lock down in two stages to carry out mass testing for COVID 19, two people familiar with the matter said. The company has notified its workers and suppliers of the…
BEIJING (Reuters) -Profit growth at China’s industrial firms accelerated in January-February in line with other signs of momentum in the economy, although the outlook clouded by COVID-19 outbreaks and the war in Ukraine is stoking calls for supportive measures. Profits rose 5.0% in from a year earlier, up from a 4.2% gain in December, the…
