Tencent Reports First Annual Revenue Drop
(Reuters) – Tencent Holdings reported a drop in annual revenue for the first time ever, as China’s economic slowdown due…
March 2023
UK Inflation Rate Unexpectedly Rises To 10.4% In February
By William Schomberg and David Milliken LONDON (Reuters) – British consumer price inflation unexpectedly rose to 10.4% in February, pushed…
Jittery Markets Attempt Risk-on Rally While Waiting For Powell
(Corrects para 5 to say market is pricing in 85% chance of 25 bps hike and 15% chance of no…
Chip Plants In China Won’t Be Forced To Shut If Firms Receive US Funding, Says S.Korea
SEOUL (Reuters) -South Korea’s trade ministry said on Wednesday that the United States’ proposed rules to prevent $52 billion in…
Asia Hopes For Best On Banks, Much Rests With Fed
By Wayne Cole SYDNEY (Reuters) – Asian shares staged a cautious bounce on Wednesday with hopes a global banking crisis…
TikTok CEO: App Has Never Shared US Data With Chinese Government
By David Shepardson WASHINGTON (Reuters) -TikTok’s chief executive will tell lawmakers the Chinese-owned short video app with more than 150…
Australia Could Reap $11.3 Billion From Battery Sector By 2030 – Accenture
MELBOURNE (Reuters) – Australia’s revenue potential from developing a battery industry has doubled to A$16.9 billion ($11.28 billion) by 2030…
Dollar Subdued Ahead Of Fed Rate Decision
By Ankur Banerjee SINGAPORE (Reuters) – The dollar was pinned near five-week lows on Wednesday ahead of the conclusion of…
Asia Banks May Face Difficulty Bolstering Capital Via AT1s – Citi
HONG KONG (Reuters) – Asian lenders may find it difficult to replenish their capital by issuing Additional Tier-1 (AT1) bonds,…
TikTok CEO Says Company At ‘pivotal Moment’ As Some U.S. Lawmakers Seek Ban
By David Shepardson WASHINGTON (Reuters) -Chinese-owned short video app TikTok faces a “pivotal moment” as a growing number of U.S….