Singapore's OCBC Scouting For Indonesian Acquisitions - CEO
Singapore-based Oversea-Chinese Banking Corp Ltd is hunting for acquisitions in Indonesia to speed up its growth, aiming to leverage a strong capital buffer built up in recent years, the head of Southeast Asia's second-biggest bank said.
Fragile Yen Tests 1998 Low, Sterling Cautiously Steady
The yen floundered near a fresh 24-year low on Thursday, while sterling held onto overnight gains as investors skittishly await an impending deadline for the end of the Bank of England's emergency bond-buying programme.
North Korea Says It Practiced Firing Cruise Missiles Able To Carry Nuclear Weapons
North Korean leader Kim Jong Un oversaw the launch of two long-range strategic cruise missiles, state media reported on Thursday, calling it a test to confirm the reliability and operation of nuclear-capable weapons deployed to military units.
U.S. To Expel Venezuelan Migrants To Mexico Under Joint Plan
U.S. and Mexican officials have agreed to a plan to curb rising numbers of Venezuelans crossing their shared border that will enable the United States to expel Venezuelans to Mexico while also granting humanitarian access to thousands of them by air.
When Chinese Protesters Came Up Against Xi's Security Machine
Jack Yao, a Chinese Communist Party member, never wanted to be an activist.
Holocaust Survivor To Oversee Start Of Rightist Italian Parliament
Italy's new parliament opens on Thursday, with a Holocaust survivor due to preside over the first session of the upper house Senate as the most right-wing coalition since World War Two takes control of both chambers.
BlackRock's Fink Defends Energy Investments Amid Criticism From 'Left And Right'
Larry Fink, chief executive of the world's biggest asset manager BlackRock Inc, on Wednesday defended his firm's energy investments after facing a backlash from lawmakers critical of its stance on environmental, social and governance (ESG) issues.
U.S. To Support Haiti Police And Deliver Aid To Counter Gangs
The United States on Wednesday said it will boost support for the Haitian police as they battle armed gangs and will speed up delivery of aid to a country suffering from crippling shortages of basic goods due to a gang blockade of a key fuel terminal.
Australia's Qantas Forecasts Return To First-half Profit As Conditions Improve
Qantas Airways Ltd will return to a profit in the first half for the first time since the pandemic began as demand rebounds and it focuses on ensuring reliable operations and sweetens its wages offer to employees, its chief executive said.
G7 Reaffirms Warning Against Excess FX Volatility
Finance leaders of the Group of Seven (G7) advanced economies said on Wednesday they will closely monitor "recent volatility" in markets, and reaffirmed their commitment that excessive exchange-rate moves were undesirable.
Japan Inc Strongly Backs Defence Spending, Many Firms Near Limit On Weak Yen - Reuters Poll
Japanese firms overwhelmingly support increasing defence spending amid heightened sabre-rattling in Asia, according to a Reuters monthly poll on Thursday, which also showed half of companies expect the yen's decline to hurt profits.
UK House Price Growth Slows To Weakest Since July 2020 - RICS
British house prices rose last month at their slowest pace since early in the coronavirus crisis and they look on course to fall as a surge in mortgage costs adds to uncertainty about the economy for home-buyers, a survey showed on Thursday.
Fed's Bowman Says More Big Rate Hikes On Table If Inflation Will Not Cool
Federal Reserve Governor Michelle Bowman said on Wednesday that if high inflation does not start to wane she will continue to support aggressive rate rises aimed at taming price pressures.
Saga Of Wall Street's Pandemic Darlings Ends With Tears
Think about something novel you started doing two-and-a-half years ago to make life easier during the COVID lockdown and chances today are that there is a related story about a stock market casualty.
NASA Looks To Launch Artemis Lunar Test Flight Again On Nov. 14
NASA has targeted Nov. 14 for a third attempt to launch its big, next-generation rocketship, the U.S.
Fed Officials Worried More About Doing Too Little On Inflation Than Too Much
Federal Reserve officials agreed they needed to raise interest rates to a more restrictive level - and then maintain them there for some time - to meet their goal of lowering "broad-based and unacceptably high" inflation, a readout of last month's policy meeting showed on Wednesday.
ECB Closing In On Rule Change To Shave Banking Profits, Sources Say
European Central Bank policymakers are closing in on a deal to change rules governing trillions of euros worth of loans to banks in a move that will shave tens of billions of euros off in potential banking profits, sources close to the discussion said.
Airbus CEO Says 2022 Deliveries May Affect Later Output
The head of European planemaker Airbus on Wednesday reaffirmed a target of delivering a total of 700 aircraft in 2022 - a task he said was necessary to reach a separate monthly production target of 65 narrowbody jets in early 2024.
Iranians Keep Up Protests Over Mahsa Amini Death Despite Mounting Fatalities
Iranians kept up anti-government protests on Wednesday despite an increasingly deadly state crackdown, social media reports showed, as Supreme Leader Ayatollah Ali Khamenei dismissed the demonstrations as "scattered riots" planned by Iran's enemies.
France To Deliver Anti-air Systems To Ukraine In Coming Weeks - Macron
France will deliver radar and air defence systems to Ukraine in the coming weeks, in particular to help Ukraine protest itself from drone and missile attacks, French President Emmanuel Macron said on Wednesday.
Metaverse Could Accelerate Manufacturing As Well As Social Ills
For companies playing with virtual reality as disparate as plane-maker Boeing Co and online-gaming platform Roblox Corp, forays into the so-called "metaverse" have come with equal parts promise and peril.
UK Government: No Spending Cuts, No Reverse On Tax Cuts
Britain's new government said on Wednesday it would not reverse its vast tax cuts or reduce public spending as it sought to stand firm in the face of yet more turmoil in financial markets and concerns over its change in economic policy.
Ukraine Needs $3-$4 Billion In External Financing Per Month Next Year -IMF Chief
Ukraine will need an estimated $3 billion to $4 billion in external financing help per month next year to keep its economy running as Russia's war drags on, International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday.
Many Iranian Women Demand Political Change Amid Decades-long Grievances
Like millions of other Iranian women, retired teacher Somayyeh has been repressed by the country's hardline Islamic laws for decades but was too frightened to stand up to ruling clerics - until Mahsa Amini's death in morality police custody last month.
Oath Keeper Shows Jury Assault-style Rifle In Jan. 6 Capitol Riot Trial
A member of the far-right Oath Keepers group showed a jury on Wednesday an AR-15 assault-style rifle and a box of ammunition that he brought to a hotel ahead of the attack on the U.S.
With Putin Under Pressure, Belarus Edges Closer To Joining War In Ukraine
A flurry of military activity in Belarus this week has caught the attention of Ukraine and the West as a potential sign that President Alexander Lukashenko may commit his army in support of Russia's flailing war effort in Ukraine.
Analysis-Worries Over Global Financial Stability Mount As Central Banks Tighten Policy
Signs of stress are growing in the global financial system, sparking worries over everything from contagion between markets to ruptures in financial products.
Analysis - Turbulent UK Bond Market May Force BoE's Hand Again
Bank of England Governor Andrew Bailey has been unequivocal: the central bank will end emergency support for bonds on Friday.
Egypt Seeking To Push Forward Critical IMF Deal In Washington
Egypt is pushing to tie up a crucial financial package from the International Monetary Fund at annual meetings in Washington this week, hoping to stem a currency crisis that has restricted imports and sparked market unease over foreign debt repayments.
Analysis-Weak Forint Rains On Hungary's 'No More Hikes' Parade
Hungary's central bank tightened forint liquidity further on Wednesday at a deposit tender as part of its latest efforts to shore up the currency, but too much is stacked against it to provide relief any time soon.