By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s economy unexpectedly contracted in the final quarter of 2022 as…
Japan consumer inflation rate seen accelerating to over 41-year high: Reuters poll
By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s core consumer prices likely accelerated to a more than 41-year high in January,…
Russians switch to used cars as sanctions pummel auto sector
By Gleb Stolyarov and Alexander Marrow MOSCOW (Reuters) – Spending on new cars in Russia more than halved last year…
How sanctions complicated day-to-day banking for Russians
By Alexander Marrow and Elena Fabrichnaya MOSCOW (Reuters) – Financial sanctions against Russia have strangled its banks’ profits and wrecked…
VR firm Pico, owned by Chinese TikTok maker ByteDance, announces ‘small’ layoffs
By Josh Ye HONG KONG (Reuters) – Pico, a virtual reality (VR) headset manufacturer owned by TikTok’s Chinese developer ByteDance,…
Musk shuts two Twitter India offices, Bloomberg News reports
(Reuters) – Twitter Inc has closed two of its three offices in India, Bloomberg News reported on Friday, citing people…
China takes top spot in global refining capacity but output lags U.S.
BEIJING (Reuters) – China’s oil refining capacity overtook the United States as the world’s largest in 2022, an industry official…
Rural recovery may drive next bout of India inflation, HSBC economists
MUMBAI (Reuters) – The Indian economy could see another bout of inflation as the rural demand revives and the informal…
Petronas units in Luxembourg seized again in $15 billion arbitration dispute
By Rozanna Latiff KUALA LUMPUR (Reuters) – Luxembourg court bailiffs issued fresh seizure orders for two units of Malaysian state…
Australia’s central bank says more rate pain needed to tame inflation
By Stella Qiu SYDNEY (Reuters) -Australia’s top central banker again projected further interest rate rises in coming months and said…