Business

China's new home prices in Oct fell by the most since February 2015

FILE PHOTO: Apartment blocks are pictured in Beijing, China December 16, 2017. REUTERS/Jason LeeBEIJING (Reuters) – China’s October new home prices fell 0.2% month-on-month, the biggest decline since February 2015, amid continued demand weakness across the country with authorities holding the line on purchase restrictions to deter speculators. New home prices rose 3.4% year-on-year in […]

Business

Dollar dips but on track for third consecutive weekly gain

LONDON/NEW YORK (Reuters) – The U.S. dollar lost some ground on Friday as high inflation wreaked havoc on consumer sentiment, but the greenback was on track for its third straight weekly gain after a surprisingly strong U.S. inflation print shocked markets on Wednesday, prompting investors to advance their bets for a U.S rate hike.FILE PHOTO: […]

Business

Dollar set for biggest weekly rise in 5 months as yields rise

LONDON (Reuters) – The U.S. dollar edged higher on Friday and is on track for its biggest weekly rise in five months since a surprisingly strong U.S. inflation print shocked markets and prompted investors to advance their bets on a U.S rate hike to as early as mid-2022.FILE PHOTO: Four thousand U.S. dollars are counted […]

Business

China holds back Asian shares, dollar stands tall

HONG KONG (Reuters) – Chinese markets dragged on Asian shares on Friday as they failed to latch on to a global record-setting rally after a week in which central banks around the world refrained from any hawkish surprises in a boost to the dollar.FILE PHOTO: A pedestrian looks at various stock prices outside a brokerage […]

Business

Investors buy post-Fed dollar dip, BoE sinks sterling

LONDON (Reuters) – The dollar rebounded on Thursday, recovering after the Federal Reserve repeated it saw high inflation as transitory, while sterling dropped after the Bank of England unexpectedly kept interest rates on hold.FILE PHOTO: Dollar, Euro and Pound banknotes are seen in this picture illustration taken April 28, 2017. REUTERS/Dado Ruvic/IllustrationThe Fed announced on […]

Business

S.Korea's Q3 GDP miss forecasts, supply disruptions add pressure

(Corrects typographical error in lede.)FILE PHOTO: A truck drives between shipping containers at a container terminal at Incheon port in Incheon, South Korea, May 26, 2016.REUTERS/Kim Hong-Ji SEOUL (Reuters) – South Korea’s economy grew at a slower-than-expected pace in the third quarter, as subdued private consumption and weak construction and facility investment offset robust exports. […]

Business

LG Chem Q3 results miss estimates, hit by GM Bolt recall cost

SEOUL (Reuters) -South Korea’s LG Chem Ltd posted a 20% fall in quarterly profit on Monday, hurt by a one-off expense associated with the recall of General Motors’ Bolt electric vehicles.FILE PHOTO: The logo of LG Chem is seen at its office building in Seoul, South Korea, October 16, 2020. REUTERS/Kim Hong-JiIt reported an operating […]

Business

Dollar catches footing as inflation pressures rates outlook

SINGAPORE (Reuters) – The dollar steadied on Monday after its steepest weekly loss in more than a month, as traders weigh the effect of inflation on the relative pace of looming rate hikes – with a wary eye on U.S. growth data and a European Central Bank meeting.FILE PHOTO: An employee of the Korea Exchange […]

Business

Dollar holds firm as inflation tugs yields higher

SINGAPORE (Reuters) – The U.S. dollar found a footing on Monday as soft economic data in China and climbing oil prices jangled investors’ nerves that inflation will drive interest rates higher.FILE PHOTO: U.S. dollar banknote is seen in this picture illustration taken May 3, 2018. REUTERS/Dado Ruvic/File PhotoIn the Asia session the greenback climbed a […]

Analysis & Comment

India's Zostel asks regulator to reject SoftBank-backed Oyo's IPO filing

MUMBAI (Reuters) – Indian hospitality startup Zostel has asked the market regulator to reject an application from SoftBank Group-backed rival Oyo Hotels and Rooms to go public due to a legal tussle between the firms over a deal that fell apart six years ago.FILE PHOTO: The logo of OYO, India’s largest and fastest-growing hotel chain, […]