Economy & Finance

Dollar heads towards three-month lows before Fed meeting- Draghi eyed

Dollar heads towards three-month lows before Fed meeting- Draghi eyed

Published 18/06/2019

LONDON (Reuters) - The dollar weakened against its rivals on Tuesday, heading back towards a recent three-month low before a U.S. central bank meeting gets [more…]

Oil prices slip for second day on global growth worries

Oil prices slip for second day on global growth worries

Published 18/06/2019

TOKYO (Reuters) - Oil prices fell for a second day on Tuesday on signs that global economic growth is being hit by the U.S.-China trade [more…]

Asia stocks edge up cautiously as Fed jitters build, Europe seen lower

Asia stocks edge up cautiously as Fed jitters build, Europe seen lower

Published 18/06/2019

TOKYO/HONG KONG (Reuters) - Most Asian stock markets rose on Tuesday but gains were capped by investor caution ahead of a U.S. Federal Reserve policy [more…]

Alibaba puts CFO in charge of investment in major management reshuffle

Alibaba puts CFO in charge of investment in major management reshuffle

Published 18/06/2019

BEIJING/SHANGHAI (Reuters) - China’s Alibaba Group Holding Ltd on Tuesday unveiled its most significant business reshuffle since co-founder Jack Ma announced his pending retirement, as [more…]

Creval says to spin off bad loans, triple net profit by 2021

Creval says to spin off bad loans, triple net profit by 2021

Published 18/06/2019

MILAN (Reuters) - Italian mid-sized lender Creval said on Tuesday it would spin off its bad debts into a separate unit and sell half of [more…]

Huawei says U.S. ban hurting more than expected, to wipe $30…

Huawei says U.S. ban hurting more than expected, to wipe $30…

Published 18/06/2019

HONG KONG (Reuters) - China’s Huawei Technologies Co Ltd has taken a harder-than-expected hit from a U.S. ban, the company’s founder and CEO Ren Zhengfei [more…]

Senator Rubio targets Huawei over patents

Senator Rubio targets Huawei over patents

Published 18/06/2019

WASHINGTON (Reuters) - U.S. Senator Marco Rubio filed legislation on Monday that would prevent Huawei Technologies Co Ltd from seeking damages in U.S. patent courts, [more…]

Indonesia seen keeping key rate steady, more chance of cut later:…

Indonesia seen keeping key rate steady, more chance of cut later:…

Published 18/06/2019

JAKARTA (Reuters) - Bank Indonesia is expected to keep its benchmark interest rate steady at a policy review on Thursday, but it may begin to [more…]

China renames, restructures railway corporation in reform push

China renames, restructures railway corporation in reform push

Published 18/06/2019

SHANGHAI (Reuters) - China renamed and restructured its national railway corporation as part of its efforts to make the country’s government-run enterprises run in a [more…]

Kuroda says BOJ will debate rising overseas economic risks this week

Kuroda says BOJ will debate rising overseas economic risks this week

Published 18/06/2019

TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said the central bank will “certainly” debate heightening overseas risks at a rate review this week, [more…]