By Yuka Obayashi TOKYO (Reuters) -Oil prices rose on Monday on worries about supply disruption amid rising tensions in Eastern Europe and the Middle East, which could make an already tight market even tighter, while OPEC and its allies continued to struggle to raise output. Brent crude futures rose 81 cents, or 0.9%, to $88.70…
HONG KONG (Reuters) -Shares of China Evergrande Group jumped more than 13% on Monday, a day after the embattled developer said it would appoint an official from a unit of state asset manager China Cinda Asset Management to its board. Evergrande’s assets are expected to be taken over by state-owned firms in a restructuring led…
By Wayne Cole SYDNEY (Reuters) – Asian share markets slipped on Monday as investors braced for a Federal Reserve meeting at which it is expected to confirm it will soon start draining the massive lake of liquidity that has supercharged growth stocks in recent years. Adding to the caution were concerns about a possible Russian…
CANBERRA, Australia (AP) — Australian Prime Minister Scott Morrison has lost control of his account on the Chinese-owned social media platform WeChat and a lawmaker on Monday accused China’s leaders of political interference. Morrison’s 76,000 WeChat followers were notified his page had been renamed “Australian Chinese new life” earlier this month and his photograph had…
(Reuters) -Activist investor Blackwells Capital LLC wants exercise equipment maker Peloton Interactive Inc. to fire its chief executive and consider selling itself to a fitness or technology company, two sources familiar with the matter said on Sunday. The pandemic turned Peloton which offers stationary bikes and treadmills with livestreamed workouts from popular instructors into one…
By Alun John HONG KONG (Reuters) – The dollar traded steady on Monday ahead of the U.S. Federal Reserve’s January policy meeting later this week, while bitcoin lay bruised near a six-month low hit over the weekend, hurt by a sell-off in technology stocks. “The Fed has got markets by the leash. And this week,…
By Scott Murdoch and Kane Wu HONG KONG (Reuters) – Late last year, Tania Sibree quit her well-paid job as a financial services lawyer in Hong Kong and returned to Australia rather than live a moment longer with the city’s strict coronavirus restrictions. Sibree, who said she had enjoyed the previous five years in Hong…
By Norihiko Shirouzu (Reuters) -Renault SA, Nissan Motor Co and Mitsubishi Motors Corp plan to triple their investment to jointly develop electric vehicles (EVs), two people with knowledge of the plan told Reuters. As established automakers face pressure from new competitors and an expected shift in demand toward EVs, the French-Japanese alliance is seeking to…
(Reuters) – U.S. department store chain Kohl’s Corp has been approached by private equity firm Sycamore Partners about a potential takeover offer, Bloomberg News reported on Sunday, citing people familiar with the matter. It is unclear how much Sycamore is willing to pay for the company, Bloomberg said. The potential takeover bid comes when Kohl’s…
By Svea Herbst-Bayliss (Reuters) – Trian Partners, Nelson Peltz’s activist hedge fund, has built a stake in Unilever Plc, ratcheting up the pressure on the consumer goods maker, a person familiar with the matter told Reuters on Sunday. Trian and Unilever declined to comment. The Financial Times, which earlier reported the development, said that the…
