SARAJEVO (Reuters) – The World Bank on Monday rose its 2022 forecast of economic growth for six countries of the…
Philips to cut 5% of workforce as new CEO acts to counter falling sales
By Toby Sterling and Bart H. Meijer AMSTERDAM (Reuters) -Philips’ new CEO announced plans on Monday to cut around 4,000…
Analysis-Will they or won’t they? Japan uses guessing game to shore up yen
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – Japanese authorities are relying heavily on psychological tactics to fight yen…
China appoints three policy bank executives after party congress
BEIJING (Reuters) – China has named Xu Shouben and Wang Weidong as vice presidents of China Development Bank (CDB), the…
Indonesia exports could hit $300 billion by 2024, spurred by resource ‘downstreaming’
By Fransiska Nangoy and Gayatri Suroyo JAKARTA (Reuters) – Indonesia’s exports could hit a record $280 billion this year, with…
China’s Sept copper imports jump on infrastructure spending
By Siyi Liu and Dominique Patton BEIJING (Reuters) -China’s copper imports in September climbed 25.6% from a year earlier, with…
U.S. hedge fund Third Point opens Tel Aviv office to scout investments
By Svea Herbst-Bayliss NEW YORK(Reuters) – Billionaire investor Daniel Loeb is searching for more promising startups and is setting his…
Australia’s Westpac sees $824 million hit in second half from unit sale
(Reuters) – Australia’s Westpac Banking Corp warned on Monday that its second-half reported net profit and cash earnings will be…
Indonesia’s Q3 foreign direct investment value rises 63.6% y/y
JAKARTA (Reuters) – Foreign direct investment (FDI) in Indonesia rose 63.6% on a yearly basis in the third quarter in…
China’s new home prices fall for second month on weak sentiment
By Liangping Gao and Ryan Woo BEIJING (Reuters) -China’s September new home prices fell for the second straight month as…