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Tag: EASIA

China's economy skids as lockdowns hit factories, retailers

China’s economy skids as lockdowns hit factories, retailers

Posted on May 16, 2022 by mangakiko

April industrial output unexpectedly falls y/y April retail sales falls faster than expected Nationwide jobless rate highest since Feb 2020 Fixed asset investment growth slower than f’cast BEIJING, May 16 (Reuters) – China’s retail and factory activity fell sharply in April as wide COVID-19 lockdowns confined workers and consumers to their homes and severely disrupted…

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Shanghai aims for June 1 return to normal as COVID lockdown batters economy

Shanghai aims for June 1 return to normal as COVID lockdown batters economy

Posted on May 16, 2022 by mangakiko

Shanghai aims to lift COVID lockdown on June 1 City’s residents frustrated with shifting schedules China’s retail sales, industrial output plunge in April SHANGHAI/BEIJING, May 16 (Reuters) – Shanghai set out plans on Monday for the end of a painful COVID-19 lockdown that has lasted more than six weeks, heavily bruising China’s economy, and for…

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Shanghai aims to reopen more businesses shut by COVID, Beijing battles on

Shanghai aims to reopen more businesses shut by COVID, Beijing battles on

Posted on May 16, 2022 by mangakiko

Shanghai malls, shops to gradually resume in-store operations Some Beijing districts extend work-from-home guidance Shanghai lockdown frustrates, infuriates residents Curbs have rattled global supply chains SHANGHAI/BEIJING, May 15 (Reuters) – Shanghai will gradually begin reopening businesses such as shopping malls and hair salons in China’s financial and manufacturing hub from Monday after weeks in strict…

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Asia stocks struggle after dire China data

Asia stocks struggle after dire China data

Posted on May 16, 2022 by mangakiko

Traders are seen in front of a screen with trading figures in red at Thailand Stock Exchange building in Bangkok, Thailand March 13, 2020. REUTERS/Juarawee Kittisilpa/Files Register now for FREE unlimited access to Reuters.com Register Asian stock markets: China retail sales dive 11.1%, output drops 2.9% Nikkei pairs gains, S&P 500 futures turn lower Dollar…

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Take Five: Recession talk justified?  Follow the date

Take Five: Recession talk justified? Follow the date

Posted on May 15, 2022 by mangakiko

A deluge of data from across major economies comes at a pivotal moment in the debate over whether central banks are jacking up interest rates into a potentially sharp global growth slowdown. And with jittery investors dumping risk assets en masse, what comes next after a crypto-currency route is also in focus. Here’s your week…

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Russia's Inter RAO to halt power exports to Finland due lack of payment

US joins 55 nations to set new global rules for the internet

Posted on May 14, 2022 by mangakiko

WASHINGTON, April 28 (Reuters) – The United States and 55 other nations on Thursday signed a political commitment to push rules for the internet that are underpinned by democratic values, at a time when the US has accused Russia of wielding internet disruptions as a part of its escalating attacks on Ukraine. The commitment, called…

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Alibaba lays off 40% of AliExpress Russia staff amid Ukraine war - Nikkei

Alibaba lays off 40% of AliExpress Russia staff amid Ukraine war – Nikkei

Posted on May 14, 2022 by mangakiko

A man walks past a logo of Alibaba Group at its office building in Beijing, China August 9, 2021. REUTERS/Tingshu Wang/ Register now for FREE unlimited access to Reuters.com Register May 13 (Reuters) – Alibaba Group Holding (9988.HK) has laid off about 40% of the staff in its Russian joint venture as the ongoing Ukraine…

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Bitcoin eyes record losing streak as 'stablecoin' collapse crushes crypto

Bitcoin eyes record losing streak as ‘stablecoin’ collapse crushes crypto

Posted on May 13, 2022 by mangakiko

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register SINGAPORE, May 13 (Reuters) – Cryptocurrencies nursed large losses on Friday, with bitcoin pinned below $30,000 and set for a record…

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Global shares fall on fears of global economic slowdown

Global shares fall on fears of global economic slowdown

Posted on May 12, 2022 by mangakiko

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, May 12, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register World stocks drop to 1-1/2 yr low, down almost 20% YTD Europe down over 2%, US equity futures struggle Dollar hits 2yr highs, accelerates…

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