By Victoria Waldersee BERLIN (Reuters) – Chinese investment in Europe is shifting from mergers and acquisitions to greenfield projects mainly in battery production for electric vehicles, according to 2022 data analysed by independent research providers MERICS and Rhodium Group. Greenfield investment made up 57% of total foreign direct investment by China in Europe in 2022,…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Chinese trade and Japanese household spending data are on tap Tuesday, although Asian market sentiment looks set to be led once again by the ebb and flow of data and sentiment around U.S. banks, credit and loan demand….
By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) -A gauge of global equity markets rose and the dollar was mostly flat on Monday as expected talks in Washington about the debt ceiling raised concerns, while U.S. inflation data later this week should add clarity on Federal Reserve monetary policy. Treasury yields rose on increased…
By Patricia Zengerle WASHINGTON (Reuters) -The Republican chairman of the U.S. House of Representatives Foreign Affairs Committee threatened Secretary of State Antony Blinken with contempt of Congress if he does not comply with a subpoena seeking a classified cable related to the August 2021 U.S. withdrawal from Afghanistan. In a letter to Blinken dated Friday…
By Ariba Shahid KARACHI, Pakistan (Reuters) – China and Pakistan on Monday urged donors to bridge gaps in humanitarian funding for Afghanistan, saying aid should be delinked from “political considerations”. Aid to Afghanistan will drop sharply this year as donor countries seek to challenge curbs on female aid workers imposed by the Taliban administration and try to…
By Chayut Setboonsarng and Daniel Leussink BANGKOK/TOKYO (Reuters) -Japanese carmaker Toyota Motor Corp has stopped sales and deliveries of its Yaris Ativ in Thailand, senior officials said on Monday, after its affiliate Daihatsu rigged part of the door in side-collision safety tests. The problem may have occurred due to pressure on Daihatsu to shorten the…
By Rupam Jain NEW DELHI (Reuters) – Thousands of people who fled deadly rioting and ethnic clashes in northeast India last week are returning home, escorted by security personnel, officials said on Monday. Fierce fighting broke out in the state of Manipur bordering Myanmar when members of about 30 tribal groups clashed with a non-tribal…
By Shivangi Acharya NEW DELHI (Reuters) -India’s Financial Stability and Development Council (FSDC) considers the country’s banking system to be protected from any spillover from issues in the sector globally, the country’s economic affairs secretary said on Monday. Ajay Seth was speaking with reporters after the meeting of FSDC, which is chaired by the finance…
By Laura Matthews and Alun John NEW YORK/LONDON (Reuters) – The dollar remained relatively weaker against most of its major peers on Monday, as traders wait for the Federal Reserve to acknowledge an end to its hiking cycle while trying to hedge the risk of potential recession. The dollar index, which measures the currency against…
BENGALURU (Reuters) – Blackstone Inc’s delisting offer for India’s R Systems International Ltd was unsuccessful as the U.S. investment fund failed to draw enough interest from public shareholders, the manager to the offer said on Monday. Blackstone, which in November said it would buy a near 52% stake in the IT services firm for $359…
