Asian stocks retreat on global recession angst; tech dives

Asian stocks declined on Friday, extending a global equity slide to a third day, as investors fretted over recession risks amid signs of further aggressive central bank policy tightening and new signs of a deep semiconductor slump.

newspaper

07-10-2022

Explainer-Caps and corridors: how can Europe contain gas prices?

Leaders of European Union countries will debate whether and how to cap gas prices on Friday, after member states increased the pressure on Brussels to limit fuel costs.

newspaper

07-10-2022

Asian stocks retreat on global recession angst; dollar firm

Asian stocks declined on Friday, extending a global equity slide to a third day, as investors fretted over recession risks amid signs of further aggressive central bank policy tightening.

newspaper

07-10-2022

Factbox-Goldman raises oil price forecasts on OPEC+ cuts

Goldman Sachs raised its oil price forecast for this year and next on expectations the 2 million barrels per day (bpd) output cut agreed by OPEC+ is "very bullish" for prices.

newspaper

07-10-2022

Japan Aug household spending rises annually on reopening

TOKYO (Reuters) -Japanese households increased spending in August compared with a year earlier as the economy continued to recover from COVID-19 restrictions, but rising prices are clouding the outlook for further gains.

newspaper

07-10-2022

Democrat-led Texas city steps up migrant busing to New York, outpacing Republican effort

The Democrat-led border city of El Paso, Texas, has sent more migrants on buses to New York City and Chicago than a campaign by Texas' Republican governor, a twist in an ongoing partisan battle over U.S. border security.

newspaper

06-10-2022

Volkswagen plans over 1 billion euro investment in software JV in China - sources

Volkswagen is planning a significant investment in a joint venture in China for software production, sources with knowledge of the matter said on Thursday.

newspaper

06-10-2022

Philippines' 4-year high inflation boosts chances of more rate hikes

Philippine annual inflation quickened to 6.9% in September, hitting its fastest pace in four years, firming up expectations the central bank will hike rates further before the year ends.

newspaper

05-10-2022

With Musk bid back on, Twitter employees 'just along for the ride'

Some Twitter employees were engaged in a company-wide planning process for next year on Tuesday when their phones began buzzing with news that Elon Musk had again reversed course in his on-again, off-again $44 billion bid to buy the company.

newspaper

05-10-2022