By Marc Jones LONDON (Reuters) – Shares hit a two-month high and the dollar swooped towards a three-month low on…
Foxconn apologises for pay-related error at China iPhone plant after worker unrest
By Yimou Lee and Brenda Goh TAIPEI/SHANGHAI (Reuters) – Foxconn said on Thursday a pay-related “technical error” occurred when hiring…
Analysis-Slower Fed hikes spell relief from Tokyo to Buenos Aires
By Balazs Koranyi and Karin Strohecker FRANKFURT (Reuters) – The Federal Reserve’s signalling of a slowdown in the pace of…
China banks pledge $162 billion in credit to developers, shares rally
By Xie Yu and Ziyi Tang HONG KONG/BEIJING (Reuters) – China’s biggest commercial banks have pledged at least $162 billion…
China and India easing away from Russian crude oil may be temporary: Russell
By Clyde Russell LAUNCESTON, Australia (Reuters) -There are signs that China and India are pulling back from buying Russian crude…
Remy Cointreau cautiously optimistic on China amid lockdowns
By Dominique Vidalon PARIS (Reuters) -Shares in Remy Cointreau fell as much as 4% on Thursday after the French spirits…
China’s bank sector issued 2.64 trillion yuan in real estate development loans in Jan-Oct
BEIJING (Reuters) – China’s banking sector issued 2.64 trillion yuan ($369 billion) in real estate development loans and 4.84 trillion…
Postal Savings Bank of China to provide $39 billion of property sector financing
BEIJING (Reuters) – Postal Savings Bank of China has agreed to provide a total of 280 billion yuan ($39.17 billion)…
Deutsche Bank CEO warns of reliance on government aid packages
BERLIN (Reuters) – Deutsche Bank Chief Executive Christian Sewing appealed for caution regarding German government relief packages and said the…
Abu Dhabi close to unveiling new economic strategy – economic development chairman
ABU DHABI (Reuters) – Abu Dhabi is close to unveiling its overall new economic strategy, Mohamed Ali Al Shorafa, chairman…