By Alun John HONG KONG (Reuters) – The Japanese yen resumed its slide on Monday morning, after the Bank of Japan stepped into the market to defend its implicit yield cap, and bitcoin rose to nearly its highest this year ahead of a week filled with plenty of data to guide markets. The yen fell…
By Sonali Paul and Yuka Obayashi MELBOURNE/TOKYO (Reuters) -Oil prices plunged about $4 on Monday as concerns over slower fuel demand in China grew after authorities in Shanghai said they would shut the country’s financial hub for a COVID-19 testing blitz over nine days. The market kicked off another week of uncertainty, buffeted on one…
SHANGHAI (Reuters) – U.S. automaker Tesla is suspending production at its Shanghai factory for four days after the city announced on Sunday night it would lock down in two stages to carry out mass testing for COVID 19, two people familiar with the matter said. The company has notified its workers and suppliers of the…
BEIJING (Reuters) -Profit growth at China’s industrial firms accelerated in January-February in line with other signs of momentum in the economy, although the outlook clouded by COVID-19 outbreaks and the war in Ukraine is stoking calls for supportive measures. Profits rose 5.0% in from a year earlier, up from a 4.2% gain in December, the…
(Reuters) -Australia’s Star Entertainment Group said on Monday its chief executive officer Matt Bekier had tendered his resignation, amid an investigation over possible breaches of anti-money laundering and counter-terrorism laws at its casinos. The casino operator’s shares, which have fallen over 12% already this year, were down as much as 1.9% in early trading. Bekier…
By James Davey LONDON (Reuters) – Sainsbury’s shareholders are set to vote on a resolution at this year’s annual meeting calling for Britain’s second biggest supermarket group to commit to paying the so called real Living Wage to all its workers by July 2023. Responsible investment group ShareAction, which is co-ordinating the move, said on…
MELBOURNE (Reuters) – Oil prices fell more than $3 in early trade on Monday on prospects of a drop in fuel demand in China after authorities in Shanghai said they would shut the country’s financial hub for a COVID-19 testing blitz over nine days. Brent crude futures dropped as low as $116.18 and were trading…
WASHINGTON (Reuters) – The National Highway Traffic Safety Administration (NHTSA) has reinstated higher penalties for automakers failing to meet fuel efficiency requirements in recent years, a win for Tesla that could cost other automakers hundreds of millions of dollars or more, according to a document seen by Reuters. President Donald Trump’s administration in its final…
By David Gaffen (Reuters) – The crude oil market heads into another week of uncertainty, buffeted on one side by the ongoing war between Russia and Ukraine and the expansion of COVID-related lockdowns in China, the world’s largest crude importer. Brent crude and U.S. West Texas Intermediate (WTI) crude surged last week. The two benchmarks…
(Reuters) – Tesla Inc is planning to suspend production at its Shanghai factory for at least one day, Bloomberg News reported on Sunday, as China’s financial hub said it would go into a lockdown in two stages to conduct COVID-19 testing. Tesla’s production in the plant will be halted on Monday, the report said, citing…
