Dollar hits 1-month high as Fed officials talk up rate hikes

The U.S. dollar climbed to a fresh one-month high against a basket of major peers on Friday as Federal Reserve policymakers continued to talk up the need for further interest rate hikes ahead of their key Jackson Hole symposium next week.

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19-08-2022

China's Geely Auto grows EV ambition as fossil fuel vehicle demand sinks

SHANGHAI (Reuters) -China's Geely Automobile Holdings Ltd aims to increase the proportion of electric vehicles (EVs) in its total sales to 50% in 2023, as it accelerates a transition to electric power amid weakening demand for petrol-driven cars.

newspaper

18-08-2022

Japan's Asahi considering full-scale push into North America beer market -CEO

Japan beverage giant Asahi Group Holdings Ltd is considering full-scale entry into the North American market, its chief executive said on Thursday.

newspaper

18-08-2022

Ghana delivers biggest rate hike ever at emergency meeting

Ghana's central bank on Wednesday delivered its biggest rate hike ever, a 300 basis point increase to 22%, at an emergency meeting to address the economy's rapid deterioration amid crippling inflation.

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18-08-2022

Oil companies work around Jones Act to supply U.S. fuel markets

U.S. oil companies are working around a century-old shipping law to supply fuel to the U.S. East Coast, according to data from Refinitiv and oil trading sources, as high demand for gasoline and global disruptions in fuel markets sent prices higher.

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18-08-2022

China's Geely Automobile first-half profit slumps 35%

SHANGHAI (Reuters) -China's Geely Automobile Holdings Ltd said on Thursday its first-half net profit fell 35%, as the country's strict COVID-19 restrictions dented sales and disrupted production.

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18-08-2022

More Japanese firms are raising wages to combat labour shortage - Reuters poll

More large Japanese companies are now raising wages to attract workers and cope with chronic staff shortages, a monthly Reuters poll showed on Thursday, a tentative sign Japan Inc may be slowly addressing pay that has been flat for decades.

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18-08-2022

SGX posts record revenue, profit inches up on derivatives boost

(Reuters) -Singapore Exchange Ltd said on Thursday it posted a marginally higher adjusted profit and record revenues, helped by the bourse operator's push towards its derivatives product offerings amid a weak securities market.

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18-08-2022

U.S., European banks could lose over $5 billion from risky buyout loans

NEW YORK (Reuters) -Top U.S. and European banks are facing tougher times in the riskiest parts of the loan market.

newspaper

17-08-2022