BERLIN (AP) — Stefanie Hoener was at home one night in Berlin when she heard police sirens wailing through her Prenzlauer Berg neighborhood and anti-vaccine protesters shouting angry slurs as they marched down to the Gethsemane Church — a symbol of the peaceful 1989 revolution in East Germany that ended the communist dictatorship. “That night…
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korea’s LG Display Co Ltd posted on Wednesday a 30% drop in quarterly operating profit on the year, hit by a steep decline in TV panel prices that offset solid shipments of smaller screens used for computers, laptops and smartphones. The Apple Inc supplier posted an…
By Davide Barbuscia NEW YORK (Reuters) – Laser-focused on how aggressive the Federal Reserve will be in tightening policy, some U.S. investors and strategists are starting to worry about what may seem a distant threat: a sharp economic slowdown or even the next recession. Investors have been unnerved in recent days about the potential for…
By Stella Qiu and Alun John BEIJING (Reuters) – Asian share markets steadied on Wednesday after three sessions of losses as investors awaited any hints about faster tightening of monetary policy from the U.S. Federal Reserve later in the day. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.1% on Wednesday, after sharp losses…
WASHINGTON (AP) — The Federal Reserve signaled Wednesday that it will begin a series of interest-rate hikes in March, reversing pandemic-era policies that have fueled hiring and growth — and stock market gains — but also stubbornly high inflation. Chair Jerome Powell said at a news conference that inflation has gotten “slightly worse” since the…
By Samuel Shen and Andrew Galbraith SHANGHAI (Reuters) – Foreign investors are piling into China at the start of 2022, seeing it as a haven from the inflation, growth and pandemic problems plaguing most other markets. Despite seeing returns last year eroded by Beijing’s regulatory and policy purge, global fund managers are pumping money into…
HONG KONG (Reuters) – China Evergrande Group will hold an investor call at 1300 GMT on Wednesday together with financial advisers, sources said. Executive Director Siu Shawn and a member of the property developer’s risk management committee, Chen Yong, will join the call, they said, speaking on condition of anonymity. (Reporting by Clare Jim; Editing…
By David Kirton SHENZHEN, China (Reuters) – China’s Realme will enter Europe’s high-end handset market next month with its priciest ever device, its CEO told Reuters, as it looks to expand beyond its budget offerings and sell 50% more smartphones globally this year. The Shenzhen-based company is among several Chinese handset firms that have been…
DUBAI, United Arab Emirates (AP) — One of the seven sheikhdoms in the United Arab Emirates said Tuesday it will allow “gaming” while announcing a multibillion-dollar deal with Las Vegas-based casino giant Wynn Resorts. The announcement by Ras al-Khaimah comes after months of rumors about gambling coming to the UAE, home to skyscraper-studded Dubai and…
By Stella Qiu and Alun John BEIJING (Reuters) – Asian share markets got off to a cautious start on Wednesday, after another volatile Wall Street session, as investors braced for the outcome of the Fed’s meeting late in the day and any hints about faster tightening of monetary policy. MSCI’s broadest index of Asia-Pacific shares…
