Bhutan mulls steps to avoid fallout from dwindling foreign exchange reserves – minister

Bhutan mulls steps to avoid fallout from dwindling foreign exchange reserves – minister

A girl checks her mobile phone as her mother prepares vegetables at the market in the capital Thimphu, Bhutan December 11, 2017. REUTERS/Cathal McNaughton/File Photo Join now for FREE unlimited access to Reuters.com Register KATHMANDU/NEW DELHI, July 28 (Reuters) – Bhutan is considering several measures to contain negative impacts on the economy from falling foreign … Read more

Wary buyers cloud outlook for tech and auto companies in Asia

Wary buyers cloud outlook for tech and auto companies in Asia

Samsung says demand for phone and PC chips set to weaken further Server customers can adjust inventory in recession -Samsung Toyota misses April-June production target GM’s operations in China lost $100 million in the second quarter due to restrictions July 28 (Reuters) – Asian tech firms from chipmaker Samsung to display panel maker LG Display … Read more

Global manufacturers see chip shortage easing

Global manufacturers see chip shortage easing

Plastic letters arranged to read ‘Chip Shortage’ are placed on a computer motherboard in this illustration taken February 20, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Join now for FREE unlimited access to Reuters.com Register Hyundai will increase production at its factories ABB CEO: Chipmakers’ supply commitments are improving ABB CEO: falling commodity prices Electrolux CEO: supply situation … Read more

Apple soars above competition even as smartphone market stumbles, sources say

Apple soars above competition even as smartphone market stumbles, sources say

July 13 (Reuters) – The global smartphone market may be in the toilet, but the iPhone 13 continues to sell well, and Apple Inc (AAPL.O) expects its upcoming iPhone 14 to do even better at launch. Apple’s slightly higher expectations for the upcoming iPhone 14 underscore a growing belief among Wall Street analysts that the … Read more

Lebanon’s telecommunications mark-up threatens migrants’ link to jobs and security

Lebanon’s telecommunications mark-up threatens migrants’ link to jobs and security

BEIRUT, July 11 (Reuters) – Kenyan cleaner Noel Musanga has survived Lebanon’s economic collapse, waves of COVID-19 and the Beirut port explosion. But when her internet service provider announced that rates would double, she feared her last lifeline for her family and her job would be shattered. The self-employed migrant worker was already earning barely … Read more

Asian stocks suffer a painful quarter, the dollar in poor health

Asian stocks suffer a painful quarter, the dollar in poor health

Men wearing protective face masks amid the coronavirus disease (COVID-19) outbreak use mobile phones in front of an electronic board displaying Japan’s Nikkei Index outside a brokerage in Tokyo, Japan, June 16, 2022. REUTERS/Kim Kyung-Hoon Join now for FREE unlimited access to Reuters.com Register Asian scholarships: Nikkei skids 1.5%, Wall St futures fall 0.4% Japanese … Read more

Japan May retail sales rise faster than expected as COVID restrictions ease

Japan May retail sales rise faster than expected as COVID restrictions ease

Retail sales in May increased by 3.6% year on year against f’cast + 3.3% Retail sales increase by 0.6% m/m seasonally adjusted Consumers Optimistic About Borderless ‘Golden Week’ Holiday Season Consumption supports Q2 GDP rebound, inflation risks loom June consumer confidence at lowest since January 2021 TOKYO, June 29 (Reuters) – Japanese retail sales rose … Read more

Taliban demand release of funds frozen after deadly earthquake

Taliban demand release of funds frozen after deadly earthquake

The earthquake killed more than 1,000 people Sanctions and frozen central bank assets are curbing the flow of funding Taliban spokesman says relief must be prioritized KABUL, June 25 (Reuters) – Afghanistan’s Taliban administration on Saturday called on international governments to roll back sanctions and lift the freeze on central bank assets following the earthquake … Read more

Markets cut inflation expectations as copper slides

Markets cut inflation expectations as copper slides

S&P futures up 0.7%, European stocks gain 0.82% MSCI global stocks eye 2.4% weekly rise Copper falls more than 7% over a week, oil down 3% German 10-year bond yields fall 5 basis points LONDON/SINGAPORE, June 24 (Reuters) – Global equities and benchmark U.S. bonds headed for their first weekly gain in a month on … Read more