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Economic News
Wall Street set to rebound after Jackson Hole shock, data eyed
By Bansari Mayur Kamdar and Sruthi Shankar(Reuters) - U.S. stock indexes were set for a higher open on Tuesday after a two-session…
Global equity funds see large outflows on slowdown worries
(Reuters) - Global equity funds witnessed their biggest weekly capital withdrawals in five weeks in the week to Aug. 24 on concerns that…
Debt-laden Cineworld stares at possible bankruptcy
By Yadarisa Shabong(Reuters) -Cineworld, the world's second-largest cinema operator, is staring at a possible bankruptcy filing as it…
India’s SpiceJet settles with lessors for Boeing aircraft
BENGALURU (Reuters) - Indian low-cost carrier SpiceJet Ltd said on Tuesday it has entered into a settlement agreement with aircraft lessor…
Musk sells Tesla shares worth $6.9 billion, cites chance of forced Twitter deal
By Hyunjoo Jin and Akriti Sharma(Reuters) -Tesla Inc Chief Executive Officer Elon Musk sold $6.9 billion worth of shares in the electric…
China central bank upgrades currency swap with HKMA, expands size to 800 billion yuan
BEIJING (Reuters) - China's central bank said on Monday that it has upgraded a currency swap facility with Hong Kong to a standing swap…
Analysis-Japan widens FX watch to include risk of yen spike as U.S. recession fears mount
By Tetsushi Kajimoto and Leika KiharaTOKYO (Reuters) - Japanese policymakers worried about the yen sliding lower are increasingly also…
BMW starts production at new $2.2 billion China plant to ramp up EV output
SHANGHAI (Reuters) - Germany's BMW said on Thursday that production has formally begun at a new plant in China with an investment of 15…
Australia’s central bank flags more hikes as rates still ‘very low’
SYDNEY (Reuters) - Australia's top central banker on Tuesday flagged a lot more policy tightening ahead as rates were still "very low" and…
Australia consumer mood undermined by rate risk, inflation
SYDNEY (Reuters) - A measure of Australian consumer sentiment slipped for a fifth straight month in April as rising inflation and the risk…