NortonLifeLock's $8.6 billion Avast deal hits snag as UK raises concerns

(Reuters) -NortonLifeLock's $8.6 billion purchase of Avast hit a snag on Wednesday after Britain's anti-trust regulator said it would launch a deeper investigation into the proposed cybersecurity merger following competition concerns.

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16-03-2022

China lets Foxconn, some construction sites resume work in COVID bubbles

TAIPEI/BEIJING (Reuters) -China is allowing Apple Inc supplier Foxconn's Shenzhen operations and construction sites in Shanghai to resume work on condition that their employees live and work in a bubble arrangement against COVID-19, offering some respite for firms.

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16-03-2022

U.S. and Britain to start trade, investment talks next week - WSJ

The United States and the United Kingdom have agreed to start talks next week to deepen trade and investment ties, the Wall Street Journal reported on Wednesday.

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16-03-2022

NortonLifeLock's $8.6 billion Avast deal faces in-depth UK probe

(Reuters) -U.S. cybersecurity firm NortonLifeLock Inc's $8.6 billion purchase of rival Avast Plc will face an in-depth probe by Britain if competition concerns are not addressed, the UK anti-trust regulator said on Wednesday.

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16-03-2022

Aussie jumps on China stimulus hopes; dollar near five-year peak to yen before Fed

The Australian dollar jumped on Wednesday after comments from a senior Chinese official boosted hopes for more stimulus, while the U.S. dollar traded near a five-year high against the yen with markets expecting the Federal Reserve to lift interest rates for the first time in three years.

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16-03-2022

Standard Bank to stop financing for new coal, oil power plants

Standard Bank will stop financing all new coal- and oil-fired plants in most circumstances and reduce its fossil fuel exposure over time as part of a plan to reach net-zero by 2050, the South African lender said on Wednesday.

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16-03-2022

History shows stocks can weather rate hike cycle

Fears over the Federal Reserve's hawkish shift have combined with geopolitical uncertainty to push the S&P 500 into a correction this year, yet historical data suggests tighter monetary policy has often been accompanied by solid gains in stocks.

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16-03-2022

Japan consumers' inflation expectations hit record high in March - survey

Japanese consumers' inflation expectations hit a record high in March, a government survey showed on Wednesday, as people's perceptions of future price moves were affected by surging energy and food costs blamed on the Ukraine crisis.

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16-03-2022

China Feb new home price growth stalls as demand remains frail

BEIJING (Reuters) -China's new home prices stalled in February after eking out a small gain a month earlier, official data on Wednesday showed, pointing to still fragile demand despite a gradual easing in property curbs by authorities to boost buying sentiment.

newspaper

16-03-2022