SEOUL/HONG KONG (Reuters) -SK IE Technology Co Ltd (SKIET) ended its first day of trade down 26.4% from its debut price but still far above its initial public offering (IPO) price, giving the battery material maker a market value of 11 trillion won ($9.83 billion). The South Korean firm began Tuesday trade at double its IPO price at 210,000 won […]
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TOKYO/SINGAPORE (Reuters) – The dollar hovered near multi-month lows on Tuesday with lofty commodity prices lending support to exporters’ currencies, though caution about U.S. inflation bringing forward rate rises kept the greenback from sliding.FILE PHOTO: A U.S. Dollar banknote is seen in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/IllustrationThe resource-sensitive Australian dollar sat by Monday’s two-month high and was […]
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BEIJING (Reuters) -China’s population grew at its slowest since the 1950s as births declined, sowing doubt over Beijing’s ability to power its economy as it succumbs to the same ageing trends afflicting developed nations like Japan.Woman ride bikes on a street, following the outbreak of the coronavirus disease (COVID-19), in Shanghai, China May 10, 2021. REUTERS/Aly SongWith growth having ebbed […]
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KUALA LUMPUR (Reuters) – Malaysia on Monday announced 22 civil suits against entities and people accused of being involved with the massive 1MDB corruption scandal, including units of global banks Deutsche Bank and JPMorgan.FILE PHOTO: Men walk past a 1 Malaysia Development Berhad (1MDB) billboard at the fund’s flagship Tun Razak Exchange development in Kuala Lumpur March 1, 2015. REUTERS/Olivia […]
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Elsewhere in Asia, bourses in Shanghai, Hong Kong, Tokyo and Seoul were trading on a negative note in mid-session deals. Equity benchmark Sensex tumbled over 450 points in early trade on Tuesday, tracking losses in index-heavyweights HDFC twins, ICICI Bank and Kotak Bank amid negative cues from global markets. The 30-share BSE index was trading 470.10 points or 0.95% lower […]
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WASHINGTON (Reuters) – The U.S. Federal Reserve should force banks to hold more cash to guard against potential losses due to climate change and possible steps to fight it, one of Washington’s top liberal think tanks said on Tuesday.FILE PHOTO: Federal Reserve Board building is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah MillisThe plan here, published by the Center […]
Read more* Q1 GDP shrinks 4.2% yr/yr, grows 0.3% qtr/qtr * Government says economy on the mend * Cbank seen keeping key rate steady on Wednesday (Adds comments of economist, economic official) MANILA, May 11 (Reuters) – The Philippine economy shrank more than expected in the first quarter, though sequential momentum showed a recovery was underway and suggested the central bank […]
Read more* Q1 GDP shrinks 4.2% yr/yr, grows 0.3% qtr/qtr * Government says economy on the mend * Philippine economy snapshot: tmsnrt.rs/2nZqDWx (Adds detail, quotes) MANILA, May 11 (Reuters) – The Philippine economy shrank by more than expected in the first quarter of 2021, supporting views that the central bank will keep interest rates at a record-low at a policy meeting […]
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(Reuters) -U.S. regulators authorized Pfizer and BioNTech’s COVID-19 vaccine for use in children as young as 12 and said they could begin receiving shots as soon as Thursday, widening the country’s inoculation program as vaccination rates have slowed significantly.Marisol Gerardo, 9, is held by her mother as she gets the second dose of the Pfizer coronavirus disease (COVID-19) vaccine during […]
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