(RTTNews) - Japan will on Tuesday release January figures for consumer prices, highlighting a light day for Asia-Pacific economic activity. In December, overall inflation was down 0.1 percent on month and up 2.6 percent on year, while core CPI rose an annual 2.3 percent. Taiwan will provide January results for export orders and Q4 data...
(RTTNews) - The Canadian market climbed to a new high after a slightly weak start Monday morning, but retreated swiftly and spent the rest of the session in negative territory as investors turned cautious, looking ahead to a slew of crucial U.S. economic data. The benchmark S&P/TSX Composite Index, which advanced to 21,449.92 in early...
By Lewis Jackson and Sameer Manekar (Reuters) -Australia\'s top oil and gas explorer Woodside (OTC:WOPEY) Energy posted a 37% drop in annual underlying profit on Tuesday, as subdued oil and gas prices offset higher sales and production. Less than three weeks since Woodside ended merger talks with smaller local player Santos amid major differences on...
By David Ljunggren OTTAWA (Reuters) -Canada on Monday unveiled draft legislation to combat online hate that would force major companies to quickly remove harmful content and boost the penalty for inciting genocide to life in prison. The Liberal government of Prime Minister Justin Trudeau introduced the bill with the stated aim of protecting children from...
By Selena Li HONG KONG (Reuters) -Standard Chartered has suspended new investments by its clients in China into offshore products via a quota-based channel, the bank said, amid a surge in demand for overseas investments due to weakness in the local market and currency. The London-headquartered bank, in a statement to Reuters, cited \"commercial reasons\"...
A look at the day ahead in European and global markets from Tom Westbrook Stocks around the world have travelled great distances to record peaks in recent days, but turned sideways this week while investors and central bankers alike wait on inflation data that could alter the course for interest rates. Figures on the French...
By Paritosh Bansal (Reuters) - Banks are finally signing up for a U.S. Federal Reserve funding backstop that has been lying nearly dormant for more than two years, putting them in a stronger position to deal with any stress. But it is unclear whether they will want to use it in a crisis. The Standing...
By Ariba Shahid KARACHI (Reuters) - Alibaba-owned e-commerce platform Daraz Group has announced layoffs across the group to \"adopt a more streamlined and agile structure\", acting Chief Executive Officer James Dong said on Tuesday in an internal memo to employees reviewed by Reuters. The memo did not mention the number of people affected by the...
By Tom Westbrook SINGAPORE (Reuters) -Asian shares slipped on Tuesday, with slightly warmer-than-expected Japanese inflation putting investors on guard ahead of price data due in Europe and the U.S. this week, though bitcoin extended gains on signs that institutional buyers are circling. The yen steadied at 150.50 to the dollar and inched off a three-month...
By Gabriel Araujo SAO PAULO (Reuters) - Principal Financial Group (NASDAQ:PFG)\'s asset management business is bullish on Latin American equities as interest rates come down and valuations remain at compelling levels in the region, a top executive told Reuters. The company\'s portfolio for emerging markets has an \"overweight\" rating on Latin America, with Brazil being...