Tag: Economy

3/3 © Reuters. FILE PHOTO: Switzerland’s national flag and the European Union flag are seen at the European Commission building in Brussels, Belgium April 23, 2021. Francois Walschaerts/Pool via REUTERS//File Photo 2/3 By Michael Shields ZURICH (Reuters) – Switzerland will pay the price in lost exports, higher costs and diminished attractiveness as a business centre…

Mergers and acquisitions targeting technology companies have hit a record high in Asia Pacific, Dealogic data shows, and dealmakers expect this M&A pace to continue as the pandemic spurs a shift toward virtual activities in the economy. Tech M&A has totalled $136.2 billion in 2020, more than double the year-ago levels, according to data provider…

The dollar found support on Thursday from a sense that the Federal Reserve is slowly but surely edging towards a discussion about tightening monetary policy, while the yuan hit a three-year high as China’s central bank kept to the sidelines. Investors are heavily short dollars in the belief that U.S. trade and current account deficits…

Malaysia’s finance ministry said on Wednesday it had terminated the services of the chairman of the public transport operator amid an outcry over his response to a train accident in which more than 200 people were injured. On Monday, 47 commuters were severely hurt and 166 sustained minor injuries when two light rail metro trains…

The dollar wallowed near a five-month trough against major peers on Wednesday as Federal Reserve insistence that stimulus will continue kept yields low, while surprisingly hawkish New Zealand central bank comments pushed the kiwi higher. The euro traded just north of the key $1.2250 level — holding gains from Tuesday when it pushed as high…

Fashion brand owner, The Collected Group LLC, has secured court approval of its prepackaged reorganization plan that will put lenders in control of the company. Collected, represented by Paul, Weiss, Rifkind, Wharton & Garrison, expects it to go into effect this week after U.S. Bankruptcy Judge Laurie Selber Silverstein in Wilmington, Delaware signed off on…

© Reuters. FILE PHOTO: SoftBank Corp. placard is prepared during a ceremony to mark the company’s debut on the Tokyo Stock Exchange in Tokyo, Japan December 19, 2018. REUTERS/Issei Kato/File Photo By Sam Nussey TOKYO (Reuters) -The nomination of Koei Tecmo chair Keiko Erikawa to SoftBank Group’s board adds a veteran games industry executive known…

With a ceasefire due to take effect on Friday, Israelis and Palestinians counted the cost of 11 days of hostilities that disabled Gaza’s sanitation facilities and other infrastructure while disrupting Israel’s economy. Here are some details. GAZA Gaza’s housing ministry said on Thursday that 16,800 housing units had been damaged. Of those, 1,800 had become…

© Reuters. FILE PHOTO: A sign is pictured outside the Bank of Canada building in Ottawa, Ontario, Canada, May 23, 2017. REUTERS/Chris Wattie/File Photo By Julie Gordon and David Ljunggren OTTAWA (Reuters) -Price volatility is keeping cryptoassets from being widely accepted as a means of payment, the Bank of Canada said on Thursday, though the…

© Reuters. FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 27, 2019. REUTERS/Brendan McDermid/File Photo (Reuters) – About two-thirds of U.S. banks are either already taking measures to limit the growth in their balance sheets or would take steps to cap them if they continue growing, a…