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President of the ECB Christine Lagarde and Governor of the Bank of Finland Olli Rehn arrive at the non-monetary policy meeting of the European Central Bank Governing Council in Inari, Finnish Lapland, Finland February 22, 2023.  Lehtikuva/Tarmo Lehtosalo via

ECB rate cut in June assumes no inflation setbacks, Finland's Rehn says

Reuters |Updated 26 minutes ago |1 min read

HELSINKI (Reuters) - The prospects for an interest rate cut in June by the European Central Bank assumes that there will be no further setbacks in the geopolitical situation that affect energy prices and thus inflation, ECB policymaker Olli Rehn ...

An investor walks through the Dubai Financial Market after Joe Biden won the U.S. presidency, in Dubai, United Arab Emirates November 8, 2020.

Most Gulf markets ease on US rate cut concerns

Reuters |Updated 36 minutes ago |2 min read

(Reuters) - Most major stock markets in the Gulf were subdued in early trade on Tuesday, tracking Asian shares lower as stronger-than-expected U.S. retail sales for March further reinforced expectations that the Federal Reserve is unlikely to be ...

President of the ECB Christine Lagarde and Governor of the Bank of Finland Olli Rehn arrive at the non-monetary policy meeting of the European Central Bank Governing Council in Inari, Finnish Lapland, Finland February 22, 2023.  Lehtikuva/Tarmo Lehtosalo via

ECB rate cut in June assumes no inflation setbacks, Finland's Rehn says

Reuters |Updated 56 minutes ago |1 min read

HELSINKI (Reuters) - The prospects for an interest rate cut in June by the European Central Bank assumes that there will be no further setbacks in the geopolitical situation that affect energy prices and thus inflation, ECB policymaker Olli Rehn ...

A Honda logo is seen at the New York International Auto Show Press Preview, in Manhattan, New York City, U.S., March 27, 2024.

Honda to launch next-generation EVs in China by 2027

Reuters |Updated 57 minutes ago |1 min read

TOKYO (Reuters) - Japan's Honda Motor plans to launch six next-generation electric vehicle (EV) models branded Ye in China by 2027, the automaker said on Tuesday. It added that it also planned to roll out a total of 10 Honda-brand EV models in ...

U.S. Dollar and Chinese Yuan banknotes are seen in this illustration taken January 30, 2023.

Analysis-China's cycle of dollar hoarding and weakening yuan gets vicious

Reuters |Updated 57 minutes ago |3 min read

SHANGHAI (Reuters) - Chinese businesses are hoarding dollars because they expect their own currency to weaken, and that in turn is exacerbating a slide in the yuan that has been driven by wobbly stock markets and feeble growth in the world's ...

A businessman stands on a terrace overlooking a banking district in Tokyo, Japan, February 16, 2016.

Asia hedge funds benefit in Q1 from Japan rally, recovery in China

Summer Zhen |Updated 6 minutes ago |4 min read

By Summer Zhen HONG KONG (Reuters) - Asia-focused hedge funds started 2024 with a strong first quarter, cashing in on a prolonged rally in Japanese stocks, a tentative turnaround in Chinese equities, and a boom in artificial intelligence (AI) ...

People walk near an Apple logo outside its store in Shanghai, China September 8, 2023.

Apple wants to spend more on suppliers in Vietnam

Reuters |Updated 6 minutes ago |1 min read

HANOI (Reuters) - Apple Inc. CEO Tim Cook said on Tuesday in Hanoi the U.S. tech giant wanted to boost its investment in Vietnam, state media reported. Cook made the statement at a meeting with Vietnamese Prime Minister Pham Minh Chinh during ...

Visitors check a Tesla Model 3 car next to a Model Y displayed at a showroom of the U.S. electric vehicle (EV) maker in Beijing, China February 4, 2023.

Tesla global job cuts hit China sales team, sources say

Reuters |Updated 7 minutes ago |2 min read

SHANGHAI (Reuters) - Tesla's global job cuts are hitting China, the automaker's biggest market after the United States, affecting staff in teams including sales, two sources briefed on the matter said. CEO Elon Musk on Monday told staff in an ...

Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration, January 21, 2016.

Asset managers most bullish in over two years, says BofA survey

Reuters |Updated 2 hours ago |1 min read

LONDON (Reuters) - Investors have increased their allocations to stocks and commodities and dumped bonds, Bank of America's monthly fund manager survey for April showed, which they said was the most bullish such survey since January 2022. The ...

A woman carrying a shopping bag walks past a B&M store in Manchester, Britain June 1, 2023.

UK discounter B&M expects full-year profit at top end of guidance

Reuters |Updated 27 minutes ago |2 min read

By James Davey LONDON (Reuters) -British discount chain B&M on Tuesday forecast a 9.8% increase in full-year profit at the top end of its guidance as it reported a 10% rise in revenue helped by new store openings. The FTSE 100 retailer, which ...

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