Asian shares jump, dollar eases after Powell comments

SINGAPORE, Feb 2 (Reuters) – Asian stocks jumped on Thursday while the dollar eased after Federal Reserve Chair Jerome Powell said a “disinflationary” process was underway, boosting risk appetite and hope that the US central bank will soon end its monetary tightening streak. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was 0.84% ​​higher, … Read more

Stocks firm, dollar on edge ahead of Fed decision

US wage growth moderates, Wall Street rallies MSCI AxJ index up 0.6%; dollar flat All eyes on 1900 GMT Fed announcement SINGAPORE, Feb 1 (Reuters) – Asia’s stock markets steadied on Wednesday, with signs of a slowdown in US wages bolstering hopes that the Federal Reserve could hint at an end to interest rate hikes … Read more

Asia shares turn cagey as rate hikes, earnings loom

https://tmsnrt.rs/2zpUAr4 Fed seen hiking 25bp this week, ECB and BOE by 50bp Tech giants lead host of earnings results China shares up as holiday travel surges SYDNEY, Jan 30 (Reuters) – Asian shares turned cagey on Monday ahead of a week that is certain to see interest rates rise in Europe and the United States, … Read more

Cargo ship sinks off Japan, leaving two dead, nine missing

TOKYO, Jan 25 (Reuters) – Two people died and nine were missing after a cargo ship sank off southwestern Japan early on Wednesday amid fierce winter winds, the coast guard said, as it continued to search for survivors. Six people who were rescued remained unconscious, while five had revived as of 8:30 pm local time … Read more

Exclusive: Binance moved $346 mln for seized crypto exchange Bitzlato, data show

LONDON, Jan 24 (Reuters) – Crypto giant Binance processed almost $346 million in bitcoin for the Bitzlato digital currency exchange, whose founder was arrested by US authorities last week for allegedly running a “money laundering engine,” blockchain data seen by Reuters show. The Justice Department on Jan. 18 said it charged Bitzlato’s co-founder and majority … Read more

No GLOBAL MARKETS report from Asia on Jan. 24

There will be no Global Markets report from Asia on Tuesday, Jan. 24, as markets in China, Hong Kong, Singapore, Malaysia, South Korea and Taiwan are all closed. Reports will resume on Jan. 25. Reporting by Herbert Lash, additional reporting by Elizabeth Howcroft in London, Editing by Christina Fincher, Chizu Nomiyama, Sharon Singleton, Nick Zieminski … Read more

Exclusive: Geely plans to turn maker of London black cabs into EV powerhouse

COVENTRY, England, Jan 23 (Reuters) – China’s Geely (0175.HK) is planning a big investment to turn the maker of London’s iconic black taxis into a high-volume, all-electric brand with a range of commercial and passenger vehicles, executives at the unit told Reuters. The London Electric Vehicle Company (LEVC) also aims to expand its suite of … Read more

Chinese pray for health in Lunar New Year as COVID death toll rises

BEIJING, Jan 22 (Reuters) – China rang in the Lunar New Year on Sunday with its people praying for health after three years of stress and financial hardship under the pandemic, as officials reported almost 13,000 new deaths caused by the virus between January 13 and 19. Queues stretched for about one kilometer (a half-mile) … Read more

Asian stocks edge up, dollar sags as markets mull Fed risks

TOKYO, Jan 20 (Reuters) – Most Asian equity markets edged higher on Friday, while the US dollar hung near its weakest level since May, with investors fretting about the risks of a global recession as the Federal Reserve presses on with interest rate increases. US Treasury yields remained elevated in Tokyo after bouncing off four-month … Read more

China says critical COVID cases have peaked as holiday travel surges

Millions travel across the country for the Lunar New Year President Xi says worried about elderly, rural areas Daily deaths could hit 36,000 next week, analysis shows Chinese drugmakers rush to make fever medicines BEIJING, Jan 19 (Reuters) – The number of COVID patients needing critical care in China’s hospitals has peaked, health authorities said … Read more