By Shaloo Shrivastava BENGALURU (Reuters) – Malaysia’s central bank will tighten its policy rate by a quarter point for the fourth time in a row on Nov. 3 as upside risks to inflation persist and to support the weakening currency, a Reuters poll showed. Bank Negara Malaysia (BNM) started raising rates in May even though…
By Julie Ingwersen CHICAGO (Reuters) -U.S. wheat futures jumped 6%, hitting a two-week high, and corn rose 1.6% on Monday as Russia’s withdrawal from a Black Sea export agreement raised concerns over global supplies. Soybeans followed the trend, with the most-active January contract setting a one-month top. Chicago Board of Trade December wheat settled up…
(Reuters) -Asia-focussed insurer AIA Group Ltd reported a 1% rise in quarterly new business value on Tuesday as sales recovered from pandemic lows in its main markets of China and Hong Kong. AIA’s mainland China business posted a 6% rise in value of new business (VONB) during the quarter, on a constant exchange rates basis….
(Reuters) -Shares of TuSimple Holdings Inc nearly halved on Monday after the self-driving truck startup said it had removed Chief Executive Xiaodi Hou in connection with the company’s ties to a China-backed firm. TuSimple said in a securities filing that an investigation by its board showed some of its employees spent paid hours last year…
By Andrea Shalal WASHINGTON (Reuters) – The White House will host officials from 37 countries and 13 global companies in Washington this week to address the growing threat of ransomware and other cyber crime, including the illicit use of cryptocurrencies, a senior U.S. official said. The in-person meeting follows last year’s virtual inaugural meeting of…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar gained across the board on Monday, regaining some of the luster it lost earlier in the month, bolstered by expectations of another supersized rate increase at this week’s Federal Reserve monetary policy meeting. That said, the dollar’s gains could be limited if the Fed signals on…
By Tatiana Bautzer, Paula Laier and Rodrigo Campos SAO PAULO/NEW YORK (Reuters) -Brazil’s currency rallied and the country’s main stock index also rose in a volatile session on Monday, a day after leftist Luiz Inacio Lula da Silva won the country’s presidential election, with investors bracing for a choppy week ahead. The Brazilian real gained…
By Gavin Jones and Giuseppe Fonte ROME (Reuters) -Italy’s economy performed unexpectedly well in the third quarter, data showed on Monday, offering a welcome boost for the country’s new government as it plans extra borrowing to help families and firms cope with surging inflation. Gross domestic product grew by 0.5% in the third quarter from…
By Valentina Za and Federico Maccioni MILAN (Reuters) -UniCredit said it expected a 400 million euro ($396 million) contribution from European Central Bank’s longer-term funds this year under their new terms, while it no longer saw any potential benefits next year. The ECB has moved to stop banks from booking a risk-free profit on these…
By Nell Mackenzie (Reuters) – Senate Republicans want the SEC to explain why staff are leaving the nation’s corporate watchdog at the highest rate in 10 years amid a flurry of proposed rules, according to a letter seen by Reuters on Sunday. The private letter dated Oct. 27 from Senate Republicans to the chair of…
