KYIV (Reuters) -Ukraine’s gross domestic product fell by 30.4% in 2022 – the largest annual fall in over 30 years – because of the war with Russia, Economy Minister Yulia Svyrydenko said on Thursday. Svyrydenko, who is also first deputy prime minister, said in a statement that Ukraine’s economy had suffered its largest losses since…
SHANGHAI (Reuters) – Standard Chartered Plc’s China unit said it had become the first foreign bank to trade treasury bond futures in the country which is deregulating capital markets. The move comes as China steps up efforts to draw global investors amid months of foreign money outflows from its $20-trillion bond market. In a statement…
A look at the day ahead in European and global markets from Ankur Banerjee The eagerly-anticipated Fed minutes arrived and failed to surprise, with markets broadly shrugging off the hawkish tone and still pining for a rate cut sometime this year. Asian shares continue their bright start to the year with investors pinning their hopes…
By Jeslyn Lerh and Stephanie Kelly SINGAPORE (Reuters) -Oil prices rebounded on Thursday amid dollar weakness and as investors emerged to buy dips after two sessions of steep losses, though economic concerns capped recovery. Brent crude futures had climbed 75 cents, or 1.0%, to $78.59 a barrel by 0400 GMT, while U.S. West Texas Intermediate…
(Reuters) – Dell Technologies Inc plans to stop using China-made chips by 2024 and has told suppliers to reduce the amount of other made-in-China components in its products amid concerns over U.S.-Beijing tensions, Nikkei reported on Thursday. The computer maker told suppliers late last year that it aims to meaningfully lower the amount of China-made…
By Tom Westbrook SINGAPORE (Reuters) – Asian shares rose on Thursday on investor hopes for China’s emergence from the COVID-19 pandemic, while the dollar stayed under pressure even as the U.S. Federal Reserve had a warning against market bets on interest rate cuts this year. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1%…
BEIJING (Reuters) – China’s services activity shrank in December as surging COVID infections hit demand, a private-sector survey showed on Thursday, although the pace of recent declines slowed while business confidence rose to a 17-month high. The Caixin/S&P Global services purchasing managers’ index (PMI) rose to 48.0 in December from 46.7 in November, but remained…
By Dietrich Knauth (Reuters) – A U.S. bankruptcy judge ruled on Wednesday that Celsius Network owns most of the cryptocurrency that customers deposited into its online platform, meaning most Celsius customers will be last in line for repayment in the crypto lender’s bankruptcy. The ruling by U.S. Bankruptcy Judge Martin Glenn in New York affects…
(Reuters) – Amazon.com Inc is planning to lay off more than 17,000 workers, 7,000 more than initially expected, the Wall Street Journal reported on Wednesday. The e-commerce giant in November began laying off staff in its devices division, with the source telling Reuters at the time the company was targeting 10,000 job cuts. Some of…
By Isla Binnie NEW YORK (Reuters) – Global sales of corporate bonds with environmental, social and governance (ESG) targets will rebound this year and top $460 billion, Barclays said, after the asset class had its first setback in 2022 as higher interest rates weighed on credit markets. ESG bond volumes swelled over the past few…
