By Selena Li HONG KONG (Reuters) – Goldman Sachs has launched a joint venture in China with local logistics company…
China’s diesel fuel exports more than doubled in September
By Dominique Patton and Chen Aizhu (Reuters) – China’s diesel exports in September surged to their highest in more than…
S.Korea’s POSCO Holdings sees steel demand remaining weak; Q3 profit tumbles
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korea’s POSCO Holdings on Monday forecast weak steel demand would persist…
Rouble steadies near 61 vs dollar with upcoming rate decision in focus
MOSCOW (Reuters) – The Russian rouble stabilised on Monday, supported by a favourable month-end tax period and the prospect of…
China Q3 GDP growth tops forecasts but meaningful rebound elusive
By Ryan Woo and Ellen Zhang BEIJING (Reuters) – China’s economy rebounded at a faster-than-anticipated clip in the third quarter,…
World Bank sees Western Balkans economy growing 3.4% in’22, 2.8% in ’23
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…