Lordstown shares dive 23% as investor Foxconn alleges agreement breach
By David Shepardson and Tiyashi Datta (Reuters) -Lordstown Motors warned on Monday it might be forced to file for bankruptcy…
2023
Russian factory activity expands in April as export orders pick up
MOSCOW (Reuters) – Activity in Russia’s manufacturing sector grew for the 12th month running in April, and new export orders…
South African rand up slightly; focus on local PMIs and Fed this week
JOHANNESBURG (Reuters) – South Africa’s rand was marginally stronger in early trade on Tuesday, with market attention this week likely…
Singapore’s DBS posts record Q1 profit, expects margins to decline as rates peak
By Yantoultra Ngui SINGAPORE (Reuters) -DBS Group posted record first-quarter profit, with Singapore’s biggest bank saying it had benefited from…
Lithium prices bounce after big plunge, but surpluses loom
By Eric Onstad, Siyi Liu and Mai Nguyen LONDON/BEIJING/HANOI (Reuters) -Lithium prices rebounded this week for the first time in…
Indonesia’s April annual inflation eases to 4.33%, below forecast
By Stefanno Sulaiman JAKARTA (Reuters) – Indonesia’s consumer price index rose 4.33% annually in April, government data showed on Tuesday,…
How JPMorgan’s Dimon Won The First Republic Deal
By Nupur Anand, Anirban Sen, David French and Isla Binnie NEW YORK (Reuters) – On March 12, as several U.S….
IMF raises Asia’s economic forecast on China recovery, warns of risks
By Leika Kihara (Reuters) -The International Monetary Fund (IMF) raised Asia’s economic forecast on Tuesday as China’s recovery underpinned growth,…
Amid China pressure, US and Philippines recommit to security alliance
By Jeff Mason, Trevor Hunnicutt and David Brunnstrom WASHINGTON (Reuters) -President Joe Biden told his counterpart Ferdinand Marcos Jr. on…
Normalising China-Australia trade will take more than a political fix
By Lewis Jackson and Muyu Xu SYDNEY (Reuters) – More than three years since China first blocked a range of…