EU expects recession to hit this year as inflation hangs on
FRANKFURT, Germany (AP) — The European Union’s executive commission slashed its forecast for economic growth next year, saying the 19…
Exclusive-U.S. Treasury’s Yellen To Meet With China Central Bank Chief At G20 Summit In Bali
By David Lawder NEW DELHI (Reuters) – U.S. Treasury Secretary Janet Yellen told Reuters on Friday that she plans to…
Japan’s SoftBank returns to profit as investments rebound
TOKYO (AP) — Japanese technology investor SoftBank Group Corp. reported on Friday a 3 trillion yen ($21 billion) profit for…
UK economy shrinks as economists warn of more pain to come
LONDON (AP) — Britain’s economy shrank in the three months to September, official statistics said Friday, as forecasters warned of…
Exclusive-Apple Supplier Foxconn Plans To Quadruple Workforce At India Plant-sources
By Sudarshan Varadhan and Yimou Lee NEW DELHI/TAIPEI (Reuters) – Apple supplier Foxconn plans to quadruple the workforce at its…
Japan’s Seven & I To Sell Sogo & Seibu Unit To U.S. Fund Fortress
TOKYO (Reuters) -Japan’s Seven & i Holdings Co Ltd said on Friday it will sell its Sogo & Seibu department…
Stocks In Asia Soar As Cooling Inflation Feeds Hopes Fed Will Ease Up
By Ankur Banerjee SINGAPORE (Reuters) – Asian shares scaled a seven-week high on Friday, while the dollar wobbled after cooler-than-expected…
Wall Street rallies for best week since June on rate hopes
NEW YORK (AP) — Wall Street piled more gains Friday onto its mammoth rally from a day earlier to close…
FTX Scrambles For Funds As Regulators Take Action
By Selena Li and Vidya Ranganathan SINGAPORE (Reuters) – Regulators froze some assets of distressed cryptocurrency exchange FTX and industry…
Rise And Fall Of Crypto Exchange FTX
(Reuters) -Cryptocurrency exchange FTX stood on the brink of failure on Friday after a bailout from larger rival Binance collapsed…