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01 Sep

China to publish detailed economic policy steps in early September

BEIJING (Reuters) -China said it will publish detailed steps for newly announced economic policy measures in early September, suggesting an urgency for policymakers to revive the sluggish economy amid a resurgence of COVID and an embattled property sector.

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01 Sep

Lone Star disappointed in amount of award over dispute with South Korea

U.S. private equity firm Lone Star Funds said it was disappointed in the amount an international tribunal ordered South Korea to pay as damages over its sale of Korea Exchange Bank, according to a statement received on Thursday.

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31 Aug

Snap restructures ad business amid worst sales growth rate in its history

Snap Inc said on Wednesday revenue growth in the third quarter is running at the slowest rate in the company's history, as high inflation, rising interest rates and a deteriorating economy continues to ravage the advertising industry.

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31 Aug

Japan property lures private equity with solid yields, prospective deals

A new wave of big private equity players including KKR & Co is moving in on Japan's property market, drawn by attractive yield spreads with Japan's low interest rates and by prospective deals with companies that hold under-utilised assets.

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31 Aug

Pilots at Lufthansa's Eurowings vote in favour of strike action

Pilots at Lufthansa's subsidiary Eurowings voted in favour of strike action on Wednesday but first want to continue wage negotiations with their employer, said pilots' union VC.

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31 Aug

Snap to cut 20% of staff, cancel projects in cost-cutting effort

(Reuters) -Snap Inc said on Wednesday it will lay off 20% of all staff and shut down projects, including mobile games and novelties like a flying drone camera, as high inflation and a deteriorating economy continue to ravage the advertising industry.

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31 Aug

BOJ policymaker warns of fragile recovery, signals sustained low rates

TOKYO (Reuters) -Bank of Japan board member Junko Nakagawa on Wednesday warned of risks to the country's fragile economy such as the chance of rising living costs hurting household spending, highlighting the need to keep monetary policy ultra-loose for the time being.

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Latest Articles

  • China receives US equipment to make advanced chips despite new rules - report
  • China receives US equipment to make advanced chips despite new rules-report
  • U.S. Treasury yields have peaked, say strategists for fourth straight month: Reuters poll
  • Google's expert in US antitrust trial defends billions paid to device makers
  • Post-strike Hollywood rushes to get film, TV sets humming

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