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…
By Darya Korsunskaya (Reuters) – Russia’s attempts to plug its budget deficit by selling foreign currency reserves could lead to a vicious circle that pushes the rouble higher and further reduces the Kremlin’s crucial export revenues, analysts say. Russia’s finance ministry and central bank said last week they would restart interventions in foreign exchange markets…
By Bansari Mayur Kamdar and Sruthi Shankar (Reuters) -European shares hit a near nine-month high on Monday, albeit in light trading due to a U.S. holiday, with real estate and retail stocks helping offset losses in commodity-linked sectors. The pan-European STOXX 600 closed up 0.5% at 454.6 – its highest level since April 2022 –…
By Tim Hepher and Joanna Plucinska DUBLIN (Reuters) -China’s abrupt decision to lift COVID-19 travel curbs could accelerate a global recovery in air traffic – but after widespread staff shortages, the airline industry is now struggling with a shortage of jets, financiers said on Monday. Three years after the spread of COVID-19 grounded thousands of…
By Shadia Nasralla LONDON (Reuters) -Asset manager Legal & General plans to take the rare step of voting to oust energy group Capricorn’s senior leadership and halt its planned merger with NewMed, according to a company document seen by Reuters. Capricorn shareholders will vote on the NewMed deal on the morning of Feb. 1 before…
(Reuters) – Canada’s commodity-heavy main stock index edged lower on Monday, with energy and miners leading the losses, while traders looked ahead to a week of key data including consumer prices numbers. At 9:30 a.m. ET (14:30 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 29.37 points, or 0.14%, at 20,330.73. (Reporting by…
