BEIJING (Reuters) – China will strengthen its policy guidance to support advanced manufacturing, Premier Li Qiang was quoted as saying by state radio on Wednesday. […]
UK Inflation Surprise Pressures BoE To Raise Rates Again
By David Milliken and William Schomberg LONDON (Reuters) – British inflation unexpectedly rose to 10.4% in February, pushed up by higher food and drink prices […]
Futures Edge Lower On Caution Ahead Of Fed Rate Decision
(Reuters) – U.S. stock index futures fell on Wednesday in the run-up to a crucial interest rate decision by the Federal Reserve, which is widely […]
Tencent Reports First Annual Revenue Drop
(Reuters) – Tencent Holdings reported a drop in annual revenue for the first time ever, as China’s economic slowdown due to the pandemic and a […]
UK Inflation Rate Unexpectedly Rises To 10.4% In February
By William Schomberg and David Milliken LONDON (Reuters) – British consumer price inflation unexpectedly rose to 10.4% in February, pushed up by drinks prices in […]
Jittery Markets Attempt Risk-on Rally While Waiting For Powell
(Corrects para 5 to say market is pricing in 85% chance of 25 bps hike and 15% chance of no increase, not the other way […]
Chip Plants In China Won’t Be Forced To Shut If Firms Receive US Funding, Says S.Korea
SEOUL (Reuters) -South Korea’s trade ministry said on Wednesday that the United States’ proposed rules to prevent $52 billion in chip funding from being used […]
Asia Hopes For Best On Banks, Much Rests With Fed
By Wayne Cole SYDNEY (Reuters) – Asian shares staged a cautious bounce on Wednesday with hopes a global banking crisis would be averted vying with […]
TikTok CEO: App Has Never Shared US Data With Chinese Government
By David Shepardson WASHINGTON (Reuters) -TikTok’s chief executive will tell lawmakers the Chinese-owned short video app with more than 150 million American users has never, […]
Australia Could Reap $11.3 Billion From Battery Sector By 2030 – Accenture
MELBOURNE (Reuters) – Australia’s revenue potential from developing a battery industry has doubled to A$16.9 billion ($11.28 billion) by 2030 in less than two years, […]