By Sonali Paul and Muyu Xu MELBOURNE (Reuters) -Oil prices were mixed on Tuesday after China posted its weakest economic growth in nearly half a century, while its late-2022 U-turn in COVID policy still supported hopes of recovery in the country’s fuel demand this year. Brent crude futures had risen 16 cents, or 0.2%, to…
By Jeffrey Dastin DAVOS, Switzerland (Reuters) – Business titans trudging through Alpine snow can’t stop talking about a chatbot from San Francisco. Generative artificial intelligence, tech that can invent virtually any content someone can think up and type into a text box, is garnering not just venture investment in Silicon Valley but interest in Davos…
(Reuters) – China’s economy slowed sharply in the fourth quarter due to stringent COVID curbs, dragging down 2022 growth to one of its worst in nearly half a century and raising pressure on policymakers to unveil more stimulus this year. Gross domestic product (GDP) grew 2.9% in October-December from a year earlier, data from the…
By Kane Wu HONG KONG (Reuters) – Asia shares mostly slipped on Tuesday ahead of Beijing’s expected release of weak fourth-quarter economic data, although investor sentiment about China’s rebound remained positive even as the global economy edges closer to recession. MSCI’s gauge of Asia Pacific stocks outside Japan was down 0.18% at 0127 GMT. China’s…
By Tatiana Bautzer and Gabriel Araujo SAO PAULO (Reuters) – Brazilian lenders BTG Pactual, Bradesco and Santander Brasil are among those most exposed to debt of Americanas SA, analysts’ estimates showed on Monday, after the retailer obtained an injunction protecting it from creditors. Analysts at JPMorgan and Citi said in research notes that Banco Bradesco…
MELBOURNE (Reuters) -Rio Tinto on Tuesday said that China’s reopening from COVID-19 restrictions is set to raise near-term risks of labour and supply-chain shortages, while it also flagged a strong start to iron ore shipments for 2023. The Anglo-Australian miner said consumers remain cautious of China’s property market, which has been supportive to the economy,…
PARIS (Reuters) – French fashion house Dior on Monday named K-pop star Jimin a global brand ambassador, broadcasting the tie-up on social networks with images of the BTS singer in sporty looks with an outdoor flair, designed by Kim Jones. The move comes as European luxury houses look to tap into the global popularity of…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. A batch of top-tier economic data from China, including fourth quarter GDP growth, will grab the spotlight in Asia on Tuesday, and the numbers are not expected to be pretty. This does not necessarily mean investor sentiment and…
By Divya Chowdhury and Savio Shetty DAVOS, Switzerland (Reuters) – Job cuts are not “top of mind” for Manulife Financial Corp, Canada’s largest insurer, as it sees significant growth opportunities, fuelled particularly by Asia, CEO Roy Gori said on Monday. “We are in growth mode,” Gori told the Reuters Global Markets Forum on the sidelines…
By Steve Scherer OTTAWA (Reuters) -The Bank of Canada said on Monday it has appointed a professor of applied economics at HEC Montreal to be a non-executive deputy governor and the sixth member of its policy-setting governing council for a two-year term, starting in March. Nicolas Vincent was named to take on its fourth deputy…
