Analysis-FedEx investors frustrated with new CEO after withdrawn forecast

FedEx Corp dented investor confidence in the new chief executive's vision to deliver a long-awaited turnaround at the shipping company, sending its shares into a freefall after it withdrew its full-year profit forecast last week.

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22-09-2022

Swiss National Bank exits negative rates era with 0.75% hike

ZURICH (Reuters) -The Swiss National Bank raised its policy interest rate by 0.75 percentage point on Thursday - only the second rise in 15 years - and said it could not rule out more hikes as it joined other central banks in tightening monetary policy to curb inflation.

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22-09-2022

S.Korean won tumbles after Fed hike despite official warnings

SEOUL (Reuters) -South Korea's won fell more than 1% on Thursday, ending below a key psychological level for the first time in 13-1/2 years, as the U.S. Federal Reserve continued to aggressively raise interest rates, pressuring emerging market currencies.

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22-09-2022

Exclusive-HSBC fund arm toughens thermal coal policy to curb climate change

HSBC Holdings Plc told Reuters on Thursday it will stop financing the expansion of thermal coal from funds it manages actively with immediate effect, marking an acceleration of a broader commitment it made last year.

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22-09-2022

S.Korea's Yoon asks Biden to resolve concerns over EV subsidy rules

SEOUL (Reuters) -South Korean President Yoon Suk-yeol asked U.S. President Joe Biden to help address Seoul's concerns that new U.S. rules on electric vehicle subsidies will hurt the country's automakers, Yoon's office said on Thursday.

newspaper

22-09-2022

S.Korean won falls through key level after Fed hike

SEOUL (Reuters) -South Korea's won tumbled past the psychologically important 1,400 level against dollar for the first time in 13-1/2 years on Thursday on the U.S. Fed's aggressive tightening and defying official warnings against sharp currency moves.

newspaper

22-09-2022

S.Korea vows measures to stem won's decline

South Korea's finance minister vowed on Thursday to introduce measures to ease downward pressure on the won currency while local media reported the central bank and the national pension fund could form a currency swap.

newspaper

21-09-2022

U.S. urges appeals court to block Trump from reviewing classified records

Former President Donald Trump has failed to provide evidence he declassified any records the FBI seized from his Florida estate and he is not entitled to review them or have them returned, the U.S. Justice Department has argued to a federal appeals court.

newspaper

21-09-2022

TikTok to verify political accounts in U.S., ban campaign fundraising

TikTok will begin requiring accounts belonging to U.S. government departments, politicians and political parties to be verified and will ban videos aimed at campaign fundraising, the short-form video app said on Wednesday.

newspaper

21-09-2022