By Brenda Goh and Enrico Dela Cruz DAVOS, Switzerland/MANILA (Reuters) – Philippines President Ferdinand Marcos Jr said his country would…
Microsoft to shed 10,000 jobs, adding to glut of tech layoffs
By Jeffrey Dastin and Yuvraj Malik DAVOS, Switzerland (Reuters) – Microsoft Corp on Wednesday said it would eliminate 10,000 jobs…
BHP expects China to support commodities demand in 2023
(Reuters) – BHP Group Ltd on Thursday posted higher quarterly iron ore shipments that edged past expectations and said China was…
Davos 2023: China recovery could be very quick – IMF’s Gopinath
DAVOS, Switzerland (Reuters) – China could see a sharp recovery in economic growth from the second quarter onwards based on…
India govt switches bonds with cenbank in a cash-neutral deal
MUMBAI (Reuters) – The Indian government bought back bonds maturing in 2024 from the Reserve Bank of India on Tuesday,…
Fed’s Logan supports slower rate hike pace, possibly higher stopping point
By Ann Saphir (Reuters) – Dallas Federal Reserve Bank President Lorie Logan on Wednesday laid out a case for slowing…
Marketmind: Finally, bad news is bad news
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. No fireworks from…
U.S. dollar advances vs major currencies as risk appetite fades
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar rose against major currencies on Wednesday in choppy trading, gaining safe-haven…
Mexico’s Pemex destroyed resources worth $342 million from two top fields
By Stefanie Eschenbacher MEXICO CITY (Reuters) -Mexican state oil company Pemex illegally burnt off hydrocarbon resources worth more than $342…
Robinhood must face customers’ lawsuit alleging it hid trading costs
By Jonathan Stempel (Reuters) -A U.S. judge on Wednesday said Robinhood Markets Inc must face a lawsuit by customers who…