BANGKOK (AP) — Shares were mostly lower in Asia on Friday after Wall Street extended a rally into a third day and oil prices pushed higher, surpassing $105 per barrel. Tokyo and Sydney advanced while Hong Kong, Shanghai and Seoul declined. Ukrainian President Volodymyr Zelenskyy called for more help for his country after days of…
PARIS (Reuters) – European aero and defence conglomerate Airbus is interested in taking over the cybersecurity business of French software company Atos, France’s BFM TV said on Thursday, citing sources with knowledge of the matter. Airbus did not immediately reply to a Reuters request for comment. BFM, in its report, cited one source as saying…
-Oil prices climbed on Thursday after the International Energy Agency (IEA) said markets could lose three million barrels per day (bpd) of Russian crude and refined products from April. The supply loss would be far greater than an expected one million bpd per day drop in demand triggered by higher fuel prices, the IEA said…
By Heekyong Yang and Silvia Aloisi SEOUL (Reuters) – As COVID curbs cut travel and duty-free shopping, South Koreans are driving a luxury goods boom at home that has left Chanel barring nearly a third of would-be shoppers to stop bulk buyers snagging $10,000 bags for resale with markups of 20% or more. The storied…
By Kevin Buckland TOKYO (Reuters) – Japan and Hong Kong led a jump in regional stocks on Thursday, joining a rally on Wall Street overnight as potential risks from Federal Reserve monetary tightening to the Ukraine war and a slowdown in China became less murky. Treasury yields eased a little after spiking to nearly three-year…
SHANGHAI (Reuters) – Shenzhen city in China, a key technology and manufacturing hub that had halted operations of companies to tackle rising COVID-19 cases, will allow them to resume work and production in an orderly manner, a local government official said on Thursday. Huang Qiang told a press conference that work resumption will take place…
By Leika Kihara TOKYO (Reuters) – Japanese households accumulated a record $17 trillion in financial assets as of December last year, roughly four times the size of its economy, as the COVID-19 pandemic kept consumers housebound, saving their money instead of spending it. While the crisis in Ukraine clouds the outlook by pushing up fuel…
(Reuters) -Canadian Pacific Railway will lock out its employees in 72 hours if there is no agreement with a union, the company said on Wednesday, a move that would potentially disrupt the movement of grain, potash and coal at a time of soaring commodity prices. CP has commenced work stoppage contingency plans and will gradually…
By Tom Westbrook SINGAPORE (Reuters) – The yen was pinned to a six-year low on the dollar and struggled against crosses on Thursday, as a rate hike with a hawkish outlook from the U.S. Federal Reserve underscored just how far the Bank of Japan is likely to lag worldwide policy tightening. The Fed has raised…
WASHINGTON (AP) — The Senate Banking Committee approved Jerome Powell’s nomination to a second four-year term as chair of the Federal Reserve Wednesday, just hours after the central bank began what will be a difficult effort to combat inflation. Fed governor Lael Brainard was also approved to serve as the Fed’s vice chair, and the…
