By Andrew Mills and Parisa Hafezi DUBAI (Reuters) – Twitter buyer Elon Musk calls himself a free speech absolutist, but that could be put to the test in the Middle East where critics say authoritarian governments use the platform to track opponents and spread disinformation. In a region where the local media is often…
BEIJING (Reuters) -China will step up macroeconomic policy support to stabilise the economy as domestic COVID-19 outbreaks and the Ukraine war raise risks, state media quoted the Politburo, a top decision-making body of the ruling Communist Party, as saying on Friday. China will adopt a package of policies to help COVID-hit industries and small firms,…
BEIJING (Reuters) – China will step up macroeconomic policy adjustments to stabilise the economy as challenges and risks increase, state media quoted the Politburo, a top decision-making body of the ruling Communist Party, as saying on Friday. China will adopt a package of policies to support COVID-hit industries and small firms, they added, citing a…
By Vivek Mishra BENGALURU (Reuters) – The Reserve Bank of Australia will raise interest rates for the first time in more than a decade on Tuesday and join a long list of central banks now expected to tighten policy at a much faster pace than previously thought, a Reuters poll found. A surge in inflation…
By Krystal Hu and Anirban Sen (Reuters) – Elon Musk told banks that agreed to help fund his $44 billion acquisition of Twitter Inc that he could crack down on executive and board pay at the social media company in a push to slash costs, and would develop new ways to monetize tweets, three people…
By Anshuman Daga SINGAPORE (Reuters) -Singapore lenders DBS Group and OCBC both reported 10% declines in quarterly profits, which still topped analysts’ estimates after record results a year ago, but their wealth management businesses suffered in weaker markets. “The market will also look ahead for signs, and see the beginnings of benefits on margin uplift,…
BANGKOK (Reuters) – The Thai unit of Toyota Motor Corp on Friday signed an agreement with Thailand on incentives to promote the use of electric vehicles in Southeast Asia’s major auto production base. The EV incentives include tax breaks and subsidies to help reduce the price of EVs to make them more affordable, the finance…
(Reuters) – The U.S. Office of the Comptroller of the Currency (OCC) lifted a 10-year-old consent order with Citigroup Inc, according to an internal memo from the bank viewed by Reuters. “We have worked very hard to remediate the issues identified in the OCC’s consent order by strengthening internal controls, independent testing and how we…
By Tom Westbrook SINGAPORE (Reuters) – The dollar held firm at a 20-year high on Friday and was poised to score its best monthly gain in a decade, buoyed by bets on rising U.S. interest rates and doubts about growth in Europe and China. The latest uptick was thanks to the Bank of Japan, which…
By Florence Tan SINGAPORE (Reuters) – Oil edged lower on Friday as China’s COVID-19 lockdowns weighed on the outlook for crude demand, although supply disruption fears as Western sanctions curb crude and products exports from Russia underpinned prices. Brent crude futures dipped 4 cents to $107.55 a barrel by 0040 GMT after rising 2.1% in…
