Asian shares rebound but markets eye long-term Russia-Ukraine risk
Asian markets rebounded on Friday following Wall Street’s surprising overnight reversal, as investors weighed the longer-term impact of tough Western sanctions against Russia after it
Explainer: Europe braces for economic hit from Ukraine conflict
Russia’s invasion of Ukraine and how the world reacts could have wide-ranging repercussions for the European economy, from rising energy and food prices to economic sanctions that hit trade and investment.
Analysis: Russia’s economic defences likely to crumble over time under sanctions onslaught
Russia has spent the past seven years building up formidable financial defences, yet in the long run, its economy is unlikely to withstand the onslaught of coordinated sanctions from the West.
U.S. business borrowing for equipment rises 2% in January – ELFA
U.S. companies borrowed 2% more in January to finance their investments in equipment compared to a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Wednesday, as firms ramp-up production to meet demand.
Explainer: How the World Health Organization might face future pandemics
Negotiations on new rules for dealing with pandemics will begin at the World Health Organization on Thursday, with a target date of May 2024 for a treaty to be adopted by the U.N. health agency’s 194 member countries.
EBay forecasts bleak quarter as online shopping frenzy wanes
EBay Inc (EBAY.O) on Wednesday forecast bleak first-quarter results, as the e-commerce platform tackles waning online demand, stiff competition and global supply chain disruptions, sending the company’s shares down nearly 9% in extended trading.
Taiwan’s UMC to spend $5 bln on new chip plant in Singapore
Taiwan’s United Microelectronics Corp (UMC) (2303.TW) will invest $5 billion on a new microchip factory in Singapore, with production expected to start in 2024 to support the boom in 5G and auto electronics, it said on Thursday.
EXCLUSIVE Tesla plans new Shanghai plant to more than double China capacity – sources
Tesla Inc (TSLA.O) plans to start work on a new plant in Shanghai as soon as next month as part of a plan to more than double production capacity in China to meet growing demand for its cars in the country and export markets, two people familiar with the matter told Reuters.
Cryptocurrencies fall after Russia invades Ukraine
Bitcoin slumped to its lowest in a month on Thursday after Russian forces fired missiles at several cities in Ukraine and landed troops on its coast, sparking a sell-off of riskier assets.
EXCLUSIVE ECB must keep buying bonds to cushion Ukraine fallout, Stournaras says
The European Central Bank should continue its bond-buying stimulus programme at least until the end of the year and keep it open-ended to cushion the fallout from any conflict in Ukraine, ECB policymaker Yannis Stournaras told Reuters.
