SINGAPORE (Reuters) – The U.S. Securities and Exchange Commission has yet to approve any spot bitcoin exchange-traded fund listings to date, commissioner Mark Uyeda said at the sidelines of a forum in Singapore on Wednesday. “We’ve had a number of applications … none of those have been approved to date,” said Uyeda, who was in…
OSLO (Reuters) – Swedish fashion retailer H&M will cut some 1,500 jobs as part of its cost cutting drive and book a restructuring charge of 800 million Swedish crowns ($75.80 million) in the fourth quarter, it said on Wednesday. In September, H&M, the world’s No. 2 fashion retailer, launched a plan to save 2 billion…
By Gayatri Suroyo and Stefanno Sulaiman JAKARTA (Reuters) -Indonesian central bank governor Perry Warjiyo emphasised on Wednesday the need to adjust interest rates early to control inflation, which is near its highest rate in seven years. But availability of energy subsidies next year would let Bank Indonesia (BI) moderate rises in interest rates, Warjiyo said….
TOKYO (Reuters) – Japan’s Nissan Motor Co has signed a 200-billion-yen ($1.44 billion) green loan agreement to fund zero-emission mobility investments, the automaker said on Wednesday. The syndicated loan was arranged by Mizuho Bank and MUFG Bank with contract periods of five and seven years, it said in a statement. The funds will be used…
By Laila Kearney and Trixie Sher Li Yap (Reuters) – Oil prices posted gains of more than 1% in Asian trade on Wednesday on falling U.S. crude inventories and a lower greenback, but concerns OPEC+ will leave output unchanged at its upcoming meeting and weak China data limited gains. Brent crude futures firmed 95 cents…
By Kantaro Komiya and Kaori Kaneko TOKYO (Reuters) – Japan’s factory output fell for a second consecutive month in October, as stalling global demand and lingering supply bottlenecks put a lid on Japanese manufacturers’ production plans. The feeble business activity highlights challenges for the world’s third-largest economy, which has been lagging behind peers in recovering…
By Kane Wu HONG KONG (Reuters) – Asian shares wobbled on Wednesday as investors remain cautious about China’s path to reopening its economy after it released disappointing manufacturing data, with China and Hong Kong stocks wiping out strong gains from the previous day. MSCI’s gauge of Asia Pacific stocks outside Japan was up 0.02% at…
By Laila Kearney (Reuters) – Oil prices rose in early Asian trade on Wednesday as U.S. crude inventories were seen falling, but concerns that OPEC+ would leave output policy unchanged at its upcoming meeting limited gains. Brent crude futures were up 65 cents or 0.8% at $83.68 per barrel by 0132 GMT, while U.S. West…
By Diane Bartz WASHINGTON (Reuters) – Top executives at Kroger Co and Albertsons Companies Inc are expected to face tough questions on Tuesday from lawmakers who worry the grocers’ planned $25 billion merger will push up food prices at a time when inflation is a concern. Kroger Chief Executive Rodney McMullen and Albertsons’ chief, Vivek…
(Reuters) – Canadian regulators will review the sale of HSBC’s business in Canada to Royal Bank of Canada for C$13.5 billion ($10 billion) in cash, the Canadian government’s finance department said on Tuesday. “The Office of the Superintendent of Financial Institutions (OSFI) will administer the application process and provide a recommendation to the Minister of…
