MOSCOW (Reuters) – Russia on Wednesday banned dealings in the shares or share capital of 45 banks or banking units,…
Chipmaker UMC cuts capex in readiness for prolonged downturn
By Sarah Wu TAIPEI (Reuters) – Taiwanese chipmaker United Microelectronics Corp (UMC) has cut this year’s planned capital expenditure by…
Toyota considers sharp boost in output of first EV, but not before 2025, sources say
TOKYO (Reuters) – Toyota is considering a sharp increase in production of its first mass-market battery-electric vehicle from 2025, according…
Tapestry deepens push into China, undeterred by luxury market slump
By Casey Hall SHANGHAI (Reuters) -Baoji, an industrial city in northwest China with a population of 3 million, doesn’t conform…
Kremlin says it may transfer assets in annexed Ukrainian regions to Russian companies
MOSCOW (Reuters) – The Kremlin on Wednesday said that assets in the four Ukrainian regions that Russia said it had…
Marketmind: Consumer drain as banks gain
A look at the day ahead in U.S. and global markets from Mike Dolan. This year’s inflation and interest rate…
Exclusive-Vietnam may widen dong trading band again to conserve FX reserves – source
HANOI (Reuters) – Vietnam is preparing to loosen its tight leash on the dong currency, including possibly widening its trading…
India orders Google to allow third-party payments, slaps on another fine
By Praveen Paramasivam and Aditya Kalra NEW DELHI (Reuters) -Alphabet Inc’s Google should not restrict app developers from using third-party…
Former president of China Merchants Bank arrested over suspected bribes – state media
BEIJING (Reuters) – China’s top prosecutor has decided to arrest Tian Huiyu, a former president of China Merchants Bank, on…
Australia’s Medibank says data of 4 million customers accessed by hacker
By Shashwat Awasthi and Lewis Jackson (Reuters) -Medibank Private Ltd, Australia’s biggest health insurer, said on Wednesday a cyber hack…