Australia’s Wesfarmers to merge discount stores Kmart and Target
(Reuters) – Australian retail conglomerate Wesfarmers said on Tuesday it will merge the business units of its budget department store…
2023
Marketmind: Earnings, China hold spotlight ahead of big rates decisions
A look at the day ahead in European and global markets from Tom Westbrook Earnings and hope for a turning…
China state banks seen selling US dollars to prop up yuan -sources
SHANGHAI/BEIJING (Reuters) -China’s major state-owned banks were seen selling U.S. dollars to buy yuan in both onshore and offshore spot…
Vietnam aims to raise annual raw rare earths output to 2 million t/yr by 2030
By Khanh Vu HANOI (Reuters) – Vietnam aims to raise its rare earths production to 2.02 million tonnes of unprocessed…
Indonesia plans incentives for EV makers, sets up meeting with BYD, Tesla
JAKARTA (Reuters) – Indonesia is finalising a new set of incentives to attract investment from manufacturers of electric vehicles (EVs),…
Driven by AI boom, TSMC to invest $2.9 billion in advanced chip plant in Taiwan
By Sarah Wu and Yimou Lee TAIPEI (Reuters) -Driven by a surge in demand for artificial intelligence, Taiwanese chip maker…
Philippine central bank ready to resume policy tightening if needed
MANILA (Reuters) – The Philippine central bank is prepared to resume tightening monetary policy given that inflation remains a challenge,…
Russia talks of retaliation after ‘Ukrainian drone strike’ near Moscow army HQ
By Andrew Osborn MOSCOW (Reuters) -Russia spoke of taking harsh retaliatory measures against Ukraine after two drones damaged buildings in…
US resumes sharing radar information with Honduras, official says
By Gustavo Palencia TEGUCIGALPA (Reuters) – The United States has resumed providing Honduras with radar information used for the surveillance…
Cadence lifts full-year forecast, shares dip on short-term outlook
By Stephen Nellis and Tanya Jain (Reuters) -Cadence Design Systems Inc on Monday raised its full-year revenue forecast to slightly…