By Marc Jones LONDON (Reuters) – An increasing number of countries are repatriating gold reserves as protection against the sort of sanctions imposed by the West on Russia, according to an Invesco survey of central bank and sovereign wealth funds published on Monday. The financial market rout last year caused widespread losses for sovereign money…
LONDON (Reuters) – Pay pressures in Britain’s labour market cooled further in June, according to a survey of recruiters published on Monday that could help ease some of the Bank of England’s (BoE) concerns about inflation pressure. The Recruitment and Employment Confederation (REC) and accountants KPMG said increases in starting salaries for permanent and temporary…
(Reuters) – Chinese electric vehicle manufacturers are pouring into Thailand, having committed to invest $1.44 billion in production facilities in Southeast Asia’s biggest automaking hub that has long been dominated by Japanese companies. This new wave of investment has been backed by Thailand’s government, which has rolled out incentives and courted Chinese firms, with a…
By Devjyot Ghoshal and Pasit Kongkunakornkul BANGKOK (Reuters) – Thailand’s Siam Motors partnered with Nissan Motors in 1962 with a factory that rolled out four cars a day, leading to a profitable, decades-long relationship with Japanese companies that transformed it from a car dealer to an automotive pioneer. But the Thai family-owned group that has…
By Mai Nguyen HANOI (Reuters) -New electric vehicles from Tesla and rivals are being engineered for efficiency in a way that cuts copper content, changes that could limit demand growth for the metal as the next-generation of EVs hits the road, industry analysts say. The strong ramp-up in sales for EVs, led by growth in…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. A clutch of key economic data releases showing whether China is starting to emerge from its post-lockdown funk, and monetary policy decisions – and more importantly, guidance – from New Zealand and South Korea will…
Verizon Communications (NYSE: VZ) has attracted the attention of a significant investor with substantial resources, who has taken a bearish stance on the company. This noteworthy position was discovered through publicly available options history, which we actively monitor, and it’s worth noting for retail traders who may be interested in the market dynamics. The…
By Steven Scheer JERUSALEM (Reuters) -Israeli Prime Minister Benjamin Netanyahu on Sunday summoned his attorney-general to explain the police’s handling of resurgent demonstrations against his plan to overhaul the justice system, as the reform bill edges ahead. The bill that would limit “reasonableness” as a standard of judicial review – and which critics argue would…
By Kanishka Singh WASHINGTON (Reuters) – Republican U.S. presidential candidate and Florida Governor Ron DeSantis said on Sunday he would take steps to revoke China’s permanent normal trade relations status if he won the 2024 White House race. “I favor doing that. I think we probably need Congress but I would take executive action as…
VIENNA (Reuters) – Saudi National Bank wanted to increase its stake in Credit Suisse to around 40% from 9.88%, but was prevented from doing so by Swiss regulator FINMA, Blick newspaper reported on Sunday. With Switzerland’s second-largest bank on the edge of collapse, UBS agreed to buy Credit Suisse for a knockdown price of three…
