business news
South Korea’s new central bank governor flags weaker growth
South Korea’s new central bank governor Rhee Chang-yong said the Ukraine crisis, U.S. monetary tightening, and Covid-19 resurgence in China as near-term factors weighing on economic growth amid persistently high inflation. Bloomberg | Bloomberg | Getty Images South Korea’s new central bank governor Rhee Chang-yong said on Thursday that economic growth is expected to weaken […]
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YouTube shuts the account of Hong Kong’s only leadership candidate
Hong Kong’s former chief secretary and current chief executive candidate John Lee speaks to the press. In 2020, the U.S. sanctioned Lee and other officials, accusing them of curtailing political freedoms in Hong Kong. Dale De La Rey | AFP | Getty Images YouTube has taken down the campaign channel of John Lee, Hong Kong’s only candidate […]
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European markets head for higher open; Ukraine war remains in focus
LONDON — European stocks are expected to open higher Thursday as investors keep an eye on developments in the war between Russia and Ukraine. The U.K.’s FTSE index is seen opening 16 points higher at 7,636, Germany’s DAX 45 points higher at 14,392, France’s CAC 40 up 14 points at 6,638 and Italy’s FTSE MIB 12 […]
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Japanese yen could weaken to 135 per dollar in the ‘very near future,’ says Wells Fargo
This photo illustration shows Japanese 10,000 yen banknotes in Tokyo on November 19, 2021. The Japanese currency has weakened sharply against the dollar in recent weeks amid expectations the Bank of Japan will lag its peers in normalizing monetary policy. Behrouz Mehri | AFP | Getty Images The Japanese yen may continue to see weakness […]
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We have to make sustainability commitments that we don’t know how we’re going to meet, CEO says
Companies have to set sustainability goals even if they don’t know how they’ll achieve them, the head of a white goods company told CNBC. “We have to make commitments that we don’t know how we’re going to meet, we have to commit to investing in technology and innovation and set the bar so high that […]
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As the U.S. 10-year Treasury yield keeps climbing, here’s what it means for China
BEIJING — The U.S. 10-year Treasury yield has risen rapidly to three-year highs, erasing its gap with its Chinese counterpart, something that hasn’t happened for more than a decade. As the yields cross paths – the U.S. one rising above China’s – that theoretically reverses an investment strategy that bought Chinese bonds for the greater return they offered […]
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Amazon opens up Prime delivery service to other retailers in its latest move to compete with FedEx and UPS
Leon Neal | Getty Images News | Getty Images Amazon will let other online merchants piggyback on its Prime service to deliver goods quickly to their customers. The company on Thursday launched a new service, Buy with Prime, that lets third-party merchants use Amazon’s vast shipping and logistics network to fulfill orders on their own […]
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Food prices aren’t falling anytime soon. Here are Credit Suisse’s stock picks to cash in
Soaring food prices will put a dent in our pockets but could also provide investors with an opportunity to cash in, according to Credit Suisse, which named a raft of stocks that it thinks could benefit. Source
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Embattled hedge fund Melvin Capital weighs unwinding current fund to start new one, sources say
Gabe Plotkin, chief investment officer and portfolio manager of Melvin Capital Management LP, speaks during the Sohn Investment Conference in New York, May 6, 2019. Alex Flynn | Bloomberg | Getty Images Melvin Capital, the embattled hedge fund run by its once high-flying founder Gabe Plotkin, has been discussing a novel plan with its investors […]
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Ford unveils Lincoln Star electric SUV concept as it readies to add four new EVs by 2026
Lincoln Star concept electric vehicle Lincoln DETROIT – Ford Motor plans to introduce four new electric vehicles into its Lincoln lineup by 2026, as the once-dominant American luxury brand reinvents itself to focus on EVs. The new vehicles were announced Wednesday night alongside the unveiling of a new concept EV called the Lincoln Star. The […]
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