BEIJING (Reuters) – China’s finance ministry encourages administrative bodies to revitalise idle state-owned assets, including by market-based leasing or selling…
China, HK stocks rebound sharply on unverified social media posts over COVID easing
SHANGHAI (Reuters) – Hong Kong and China stocks jumped on Tuesday after rumours based on an unverified note circulating on…
Australia’s central bank says ready to go faster or pause on rate hikes as needed
By Wayne Cole SYDNEY (Reuters) – The head of Australia’s central bank on Tuesday said further increases in interest rates…
Sony hikes FY profit forecast by 4.5% on foreign exchange boost
By Sam Nussey TOKYO (Reuters) -Sony Group Corp hiked its full-year operating profit forecast on Tuesday by 4.5% to 1.16…
Broker TP ICAP third-quarter revenue jumps on market volatility
(Reuters) – TP ICAP posted a 14% jump in its third-quarter revenue in reported currency on Tuesday, as the world’s…
Prosus and Naspers deny report they are in talks to sell Tencent stake
AMSTERDAM (Reuters) -Technology investment firm Prosus NV and its South African parent Naspers on Tuesday rejected as “untrue” a report…
Google pauses enforcing proprietary billing system in India after antitrust order
By Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) -Alphabet Inc’s Google is pausing the enforcement of a policy that…
Bertelsmann: plans to appeal ruling on Penguin Random House book merger
BERLIN (Reuters) – German media group Bertelsmann SE & Co, owner of Penguin Random House, said on Tuesday it would…
Russian rouble edges lower as month-end tax support passes
MOSCOW (Reuters) – The rouble edged lower against the dollar, euro and yuan on Tuesday, as the Russian currency began…
ECB must keep raising rates even if recession risks rise, Lagarde says
FRANKFURT (Reuters) – The European Central Bank must keep raising interest rates to fight off inflation, even if the probability…