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Economic News
Japan planning new economic package in October after near-term help
By Daniel Leussink and Kantaro KomiyaTOKYO (Reuters) -Japanese Prime Minister Fumio Kishida said the government will present another…
Global equity funds post massive weekly disposals on rate-hike angst
(Corrects the sixth para in which the outflows from healthcare sector are changed to $546 million from $522 million, outflows from tech…
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…