Asian shares set for first weekly loss in five, China stimulus eyed
By Stella Qiu SYDNEY (Reuters) – Asian shares were headed for the first weekly loss in five as the stunning rally in Chinese shares took a breather, although all eyes…
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Dollar bulls suffer setback as traders add to Fed cut bets
By Kevin Buckland TOKYO (Reuters) – The U.S. dollar fell from two-month highs hit overnight versus its major peers after signs of weakness in the labour market boosted the case…
ByteDance cuts over 700 jobs in Malaysia in shift towards AI moderation, sources say
By Rozanna Latiff KUALA LUMPUR (Reuters) – China’s ByteDance, the parent of social media platform TikTok, has laid off more than 700 workers from its Malaysian unit as the company…
Citadel’s Griffin says he has not supported Donald Trump for president
By Davide Barbuscia NEW YORK (Reuters) – Citadel CEO Ken Griffin said on Thursday that he has not supported Donald Trump for president in the upcoming U.S. presidential election. “I…
South Korea’s central bank cuts policy rate, as expected
SEOUL (Reuters) – South Korea’s central bank cut interest rates on Friday as widely expected, embarking on an easing cycle to join global peers, as headline inflation slowed and the…
Risk appetite can arrest Britain’s downward spiral, think tank says
By Kirstin Ridley LONDON (Reuters) – Britain’s decade-long economic downward spiral could be reversed with a fresh appetite for risk that might help boost annual investment by a required 100…
Morning Bid: US inflation, China plans spell caution; BOK set to cut
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Investors in Asia enter the final trading day of the week with sentiment dented a bit…
Brazil tax reform could include millionaires tax, says finance minister
BRASILIA (Reuters) -A millionaires tax is on the table under a planned income tax reform in Brazil, but it is only one of multiple scenarios being evaluated by the government,…
NY Fed survey shows big banks still expect spring stop to balance sheet drawdown
By Michael S. Derby (Reuters) – Wall Street’s biggest banks expect the Federal Reserve to end the process of shrinking its balance sheet next April, holding the line relative to…
Canada gov’t could avoid confidence vote with slim mini budget, says source
By David Ljunggren OTTAWA (Reuters) -A Canadian mini budget later this year might contain no spending measures, an unusual move that would deprive the opposition of another chance to topple…