A look at the day ahead in U.S. and global markets from Mike Dolan. As scrambling relief rallies go, that…
Thai central bank: baht strengthening in line with regional currencies
BANGKOK (Reuters) – The strengthening of Thailand’s baht was in line with regional currencies, the central bank said in a…
China sovereign fund CIC posts 14.27% overseas investment return in 2021
BEIJING/HONG KONG (Reuters) – The China Investment Corp (CIC) sovereign wealth fund booked a 14.27% net return on overseas investment…
Philippine central bank governor sticks to 75 bps rate hike plan
MANILA (Reuters) – Philippines central bank governor Felipe Medalla repeated on Friday he will vote to raise interest rates by…
No easy fix for China as economy slows more than expected
By Kevin Yao BEIJING (Reuters) – An unexpectedly weak run of Chinese economic data this month has raised the heat…
Berkshire Hathaway sells $145 million of shares in China’s BYD, filing shows
HONG KONG (Reuters) – Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 5.78 million Hong Kong-listed shares…
Hong Kong’s economy shrinks for third straight quarter, outlook dims
HONG KONG (Reuters) – Hong Kong’s economy contracted 4.5% in the third quarter from a year earlier, advance government data…
Exclusive-Apple supplier Foxconn plans to quadruple workforce at India plant-sources
By Sudarshan Varadhan and Yimou Lee NEW DELHI/TAIPEI (Reuters) – Apple supplier Foxconn plans to quadruple the workforce at its…
BOJ must phase out yield cap, negative rate – govt panel member Okina
By Leika Kihara and Yoshifumi Takemoto TOKYO (Reuters) – The Bank of Japan (BOJ) must redefine its inflation target and…
Moody’s cuts India’s 2022 GDP growth forecast to 7%, sees 2023 growth at 4.8%
MUMBAI (Reuters) – Rating agency Moody’s cut India’s growth projections for the current and next calendar year due to higher…