Explainer-Why are countries fighting over climate finance at COP29?
By Kate Abnett BAKU (Reuters) – The main task for nearly 200 countries at the U.N.’s COP29 climate summit is to broker a deal that ensures up to trillions of…
Economy
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Australia raised fair trade in Trump phone call, says PM Albanese
By Kirsty Needham SYDNEY (Reuters) -Australia’s Prime Minister Anthony Albanese said he told U.S. President-elect Donald Trump the United States has a trade surplus with Australia and it was in…
Analysis-India’s middle class tightens its belt, squeezed by food inflation
By Praveen Paramasivam and Shivangi Acharya CHENNAI/NEW DELHI – India’s city dwellers are cutting spending on everything from cookies to fast food as persistently high inflation squeezes middle class budgets,…
Morning Bid: ‘Trump trades’ pause for breath before US CPI
A look at the day ahead in European and global markets from Kevin Buckland The wide-ranging market bets on big fiscal spending, lower taxes and higher tariffs under incoming U.S.…
Korea Zinc pulls $1.8 billion share sale, turns sights to board fight
By Jack Kim and Hyunjoo Jin SEOUL (Reuters) -Korea Zinc said on Wednesday it has decided to withdraw its plan to issue new shares worth $1.8 billion after the proposal…
Japan’s rising wholesale inflation heightens uncertainty on BOJ’s rate hike timing
By Leika Kihara TOKYO (Reuters) -Japan’s wholesale inflation accelerated in October at the fastest annual pace in more than a year as renewed yen falls pushed up import costs for…
Exclusive-Chinese giant CATL pushes beyond batteries into power grids, EV platforms
NINGDE, China (Reuters) – Robin Zeng, the billionaire founder of CATL, aims to reinvent the world’s largest battery maker as a green-energy provider and to slash the cost of developing…
Stocks slide on unease over jump in bond yields as US inflation eyed
By Kevin Buckland TOKYO (Reuters) – Asian stocks slumped on Wednesday as a sharp rise in U.S. bond yields unnerved investors ahead of key inflation data that could inform the…
Samsung Electronics shares hit lowest in more than four years
SEOUL (Reuters) – Shares in Samsung Electronics (KS:005930) extended declines to a fourth straight session on Wednesday, hitting their lowest level in more than four years. Shares traded down 2.1%…
Sweden’s Klarna confidentially files for US IPO
(Reuters) -Swedish payments group Klarna said on Tuesday it had confidentially filed paperwork with the U.S. Securities and Exchange Commission for an initial public offering. The number of shares to…