By David Lawder WASHINGTON (Reuters) – U.S. President Joe Biden’s warning of “consequences” for any aid China may give to Russia’s Ukraine war effort could force Chinese President Xi Jinping to choose between a longstanding lucrative trade relationship with the West and a growing strategic partnership with Moscow. Based on trade flows alone, Beijing has…
By Wayne Cole SYDNEY (Reuters) – Share markets were in a sober mood on Monday as fighting in Ukraine raged on with no sign of stopping, leaving investors clutching at hopes for an eventual peace deal, while oil prices climbed anew as supplies remained tight. Turkey’s foreign minister did say on Sunday that Russia and…
BEIJING (AP) — Asian stock markets were mixed Monday after Wall Street turned in its biggest weekly gain in 16 months as investors watched efforts to negotiate an end to Russia’s war on Ukraine. Regional heavyweights Shanghai and Hong Kong gained. Seoul and Sydney retreated. Japanese markets were closed for a holiday. Wall Street’s S&P…
By Wayne Cole SYDNEY (Reuters) – Asian share markets started the week in a sober mood on Monday as fighting in Ukraine raged on with no sign of stopping, leaving investors clutching at hopes for an eventual peace deal. Turkey’s foreign minister did say on Sunday that Russia and Ukraine were nearing agreement on “critical”…
By Byron Kaye SYDNEY (Reuters) – Australia’s media regulator will be able to force internet companies to provide internal data about how they have handled misinformation and disinformation, the latest measure by the country’s government to crack down on Big Tech. The Australian Communications and Media Authority (ACMA) will also be able to enforce an…
By Alun John HONG KONG (Reuters) – The Japanese yen continued its slide on Monday morning, while the aussie and kiwi remained bid, with traders eying a string of public remarks by global central bank policy makers this week, including Fed chair Jay Powell later Monday. The dollar climbed slightly on the yen to as…
By Sonali Paul (Reuters) – Oil prices jumped $2 on Monday as Ukrainian forces dug in against heavy Russian attacks, while major oil producers reported they are struggling to produce their allotted quotas under a supply agreement. Brent crude futures climbed $1.96, or 1.8%, to $109.89 a barrel at 0039 GMT, adding to a 1.2%…
SYDNEY (Reuters) – Italian luxury yacht maker Ferretti S.p.A launched a Hong Kong initial public offering (IPO) on Monday to raise up to $301 million, showed a term sheet seen by Reuters. The shares will be priced at HK$21.82 to HK$28.24 each, the term sheet showed. Ferretti did not immediately respond to a request for…
By Huw Jones LONDON (Reuters) – Securities settlement house Euroclear said on Monday it had joined a consortium of banks building a payment system for tokenised assets in the latest sign of established institutions teaming up with newcomers in crypto tech. Belgium-headquartered Euroclear said it had bought a small stake in the three-year old consortium…
FRANKFURT (Reuters) – The European Central Bank will take action if it sees second-round inflation effects and a de-anchoring of medium-term inflation expectations, European Central Bank Vice President Luis de Guindos told a German newspaper. Earlier this month, the ECB accelerated its exit from unconventional stimulus, and investors have been ramping up their bets on…
