China expands scope of consumer trade-ins for home appliances
BEIJING (Reuters) – China will expand the scope of home appliance trade-ins this year to 12 categories from the eight included last year, the vice head of the country’s state…
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Asian stocks slip, dollar bolstered by US rate outlook
By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks drifted lower on Wednesday, with a robust dollar keeping the yen pinned near six-month lows as traders wagered the Federal Reserve will…
Malaysia offers tax incentives for companies, workers in Johor economic zone
KUALA LUMPUR (Reuters) – Malaysia will offer a slew of tax incentives for companies and workers in its special economic zone with Singapore in the southern state of Johor, its…
Samsung Q4 profit outlook misses estimates by large margin as chip issues drag
By Hyunjoo Jin and Joyce Lee SEOUL (Reuters) -Samsung Electronics released on Wednesday a fourth-quarter operating profit estimate that missed analyst estimates by a large margin, as it lagged behind…
Australia’s core inflation slows, keeping door open to Feb rate cut
SYDNEY (Reuters) – Australian consumer price inflation crept up from three-year lows in November as electricity costs jumped, but a drop in core inflation still bolstered the case for a…
Dollar follows yields higher on strong US data
By Tom Westbrook SINGAPORE (Reuters) – The dollar stood tall on Wednesday and the yen sagged close to levels that drew intervention last year after strong U.S. data drove a…
Former BOJ chief Kuroda predicts more rate hikes
By Leika Kihara TOKYO (Reuters) – The Bank of Japan will likely keep raising interest rates in the coming years as inflation appears on track to sustainably hit its 2%…
Rolls-Royce to invest $376 million in UK plant to focus on bespoke cars
By Nick Carey LONDON (Reuters) – British luxury automaker Rolls-Royce (OTC:RYCEY) said on Wednesday it will invest 300 million pounds ($376 million) to expand its Goodwood plant to focus more…
S.Korea acting president says government will respond swiftly to market volatility
SEOUL (Reuters) – South Korea’s acting President Choi Sang-mok on Wednesday said the government will work with the central bank and regulators to respond swiftly to any financial market volatility…
Third Rock-backed Maze Therapeutics reveals profit in US IPO filing
(Reuters) – Biotech firm Maze Therapeutics, backed by Third Rock Ventures, revealed a profit for the first nine months of 2024 in its paperwork for a U.S. initial public offering…