2023

SEOUL (Reuters) – South Korea plans to scrap a number of regulations in the local stock market within this year to make investment easier for foreign investors, its financial regulator said on Tuesday, in an effort to bring in more money into the market. The Financial Services Commission said in a statement there was a…

By Kevin Buckland TOKYO (Reuters) – The dollar was on the back foot on Tuesday, hovering near a nine-month low to the euro and giving back recent gains against the yen, as traders continued to gauge the risks of a U.S. recession and the path for Federal Reserve policy. Europe’s single currency was buoyed on…

SYDNEY (Reuters) – Australian businesses conditions moderated for a third straight month in December, while price pressures began to ease, pointing to a likely peak in inflation, according to a business survey issued on Tuesday. The results may reduce pressure on the Reserve Bank of Australia to increase interest rates at its next policy-setting meeting,…

TOKYO (Reuters) – Japan’s manufacturing activity contracted for a third straight month in January as export weakness persisted amid a worsening global outlook, a corporate survey showed on Tuesday. The au Jibun Bank flash Japan manufacturing purchasing managers’ index (PMI) was at a seasonally adjusted 48.9 in January, unchanged from the final reading in the…

By Stephen Culp NEW YORK (Reuters) – Wall Street closed sharply higher on Monday, fueled by surging technology stocks as investors began an earnings-heavy week with a renewed enthusiasm for market-leading momentum stocks that were battered last year. All three major stock indexes extended Friday’s gains, with the tech-heavy Nasdaq leading the pack, boosted by…

By Dietrich Knauth NEW YORK (Reuters) -A lawyer for the bankrupt Genesis Global Capital said on Monday that the cryptocurrency lender had some confidence it could resolve its disputes with creditors this week, with a goal of emerging from Chapter 11 by late May. Sean O’Neal, the lawyer, spoke at an initial hearing in Manhattan…

By David Shepardson WASHINGTON (Reuters) -Ticketmaster learned “valuable lessons” when the Taylor Swift concert tickets sale last year was disrupted by record bot traffic, the parent company will tell a U.S. Senate committee on Tuesday. “In hindsight there are several things we could have done better – including staggering the sales over a longer period…

By Herbert Lash NEW YORK (Reuters) -Global equity markets surged on Monday as easing recession fears and hopes of a less aggressive Federal Reserve buoyed sentiment, while the likelihood of more jumbo interest rate hikes in Europe pushed the euro to a nine-month peak against the dollar. Gains in chipmakers boosted beaten-down U.S. tech stocks…

(Reuters) -About 19% of all cars sold in California last year were zero-emission vehicles (ZEVs), accounting for 40% of all ZEV sales including hybrid vehicles in the United States, data showed. United States President Joe Biden has called for 50% of all new vehicle sales by 2030 to be EVs or plug-in hybrids (PHEV). California…