Strong dollar braces for weekly loss as traders adjust price hike bets

The dollar index rose, the yen fell against the dollar Fed speakers keep the case for monetary tightening UK GDP contracted less than expected NEW YORK (Reuters) – The dollar rose on Friday but was poised for a weekly decline as traders weighed on improved U.S. inflation data against comments by Federal Reserve officials who … Read more

SK Hynix to start construction of new wafer packing plant in US early next year – sources

SK Hynix’s corporate logo at its headquarters in Seongnam, South Korea, April 25, 2016. REUTERS/Kim Hong Ji Register now to get free unlimited access to Reuters.com Register Two people familiar with the matter said South Korea’s SK Hynix aims to pick a US site for its high-end wafer packaging plant and start work there around … Read more

Yoon from South Korea pardons Jay Y Lee from Samsung for facing the ‘economic crisis’

Samsung heir spent 18 months in prison for bribery Businessmen convicted in scandal that brought down a president South Korea says leaders need help to overcome economic crisis Samsung May Increase Investment With Pardon Analysts SEOUL (Reuters) – South Korean President Yoon Seok-yeol has pardoned Samsung Electronics. (005930.KS) Vice Chairman Jay Y. Lee on Friday, … Read more

Analysis: With the revised Treasury, Prime Minister Kishida is working on selecting the next BoJ chief

A man looks at a mobile phone in front of the Bank of Japan building in Tokyo, Japan, June 16, 2017. REUTERS/Toru Hanai/File Photo Register now to get free unlimited access to Reuters.com Register Kishida pays attention to Abenomics supporters in cabinet reshuffle The two central bankers in Amman and Nakasu lead the candidates for … Read more

Analysis: The Eastern European Party ended with double-digit inflation bites

ESTGUM, Hungary, Aug. 5 (Reuters) – Within the weeks following Russia’s invasion of Ukraine, the key economies of Western Europe started to falter. However removed from the East, it was nonetheless a increase interval because of double will increase in wages and beneficiant authorities grants in some nations. Not anymore. The sharp slowdown in retail … Read more

North Korea signals the end of the first wave of COVID, but the risks remain

SEOUL (Reuters) – North Korea mentioned on Friday all its fever sufferers have recovered, marking the tip of the primary wave of the coronavirus pandemic, however challenges stay as financial hardship worsens and the unvaccinated inhabitants faces a future resurgence, analysts mentioned. He mentioned. Whereas state media mentioned that “the anti-epidemic state of affairs… has … Read more

Twitter rejects Musk’s claims that he was deceived

Elon Musk’s Twitter profile is seen on a smartphone positioned on the Twitter logos printed on this illustration taken on April 28, 2022. REUTERS/Dado Ruvic/Illustration // File Picture Register now to get free limitless entry to Reuters.com Register New York (Reuters) – Twitter Inc (TWTR.N) On Thursday, he dismissed Elon Musk’s allegations in a Delaware … Read more

Exclusive: Russian soft drink maker targets 50% of market to fill gap left by Coca-Cola and Pepsi

This content material was produced in Russia the place protection of Russian army operations in Ukraine is restricted by regulation MOSCOW (Reuters) – Because the world’s largest tender drink makers minimize ties with Russia, native producer Chernogolovka goals to seize 50 % of the nation’s practically $9 billion market, its boss advised Reuters. The mass … Read more

Zelensky says the first grain ship “nothing” and the economy is in a coma

Inspection of a ship carrying grain from Ukraine in Turkey The cargo is the primary of its sort to go away Ukraine in wartime However the Ukrainian chief says extra is required Kyiv urgently must ship 10 million tons to chop the deficit Kyiv/ISTANBUL (Reuters) – Ukrainian President Volodymyr Zelensky denied the importance of his … Read more

Twitter inquires banks about Musk’s attempts to undermine a $44 billion deal

Elon Musk’s Twitter profile is seen on a smartphone positioned on the Twitter logos printed on this illustration taken on April 28, 2022. REUTERS/Dado Ruvic/Illustration Register now to get free limitless entry to Reuters.com Register WILmington, Dell, Aug. 2 (Reuters) – Twitter Inc. (TWTR.N) Authorized consultants stated Elon Musk is looking for proof that Elon … Read more