Japan's finance ministry said Monday it spent $43 billion in October to bolster the value of the yen, which has tumbled against the dollar this year to lows not seen since the 1990s.. The ministry said it spent 6.35 trillion yen ($43 billion) on forex intervention operations between September 29 and October 27, without giving details of when or how often they had taken place.
A Chinese joint venture producing Jeep SUVs for Stellantis will file for bankruptcy, the European carmaker said Monday, after its chief executive complained earlier this month political tensions with the West were affecting the business environment.. The Jeep joint venture's "assets were no longer sufficient to pay off all debts", GAC said in a separate filing to the Hong Kong stock exchange on Monday, confirming that the venture would file for bankruptcy.
Hong Kong is "back in business" and exploring whether to legalise crypto trading by retail investors, the city’s finance chief announced Monday, kicking off a week of conferences aimed at resuscitating the Chinese hub's image.. In contrast to mainland China where crypto has been all but banned, Hong Kong is looking to relax regulations and claw back some of the business that has left.
Most markets rose Monday ahead of a crucial Federal Reserve policy meeting later in the week, with investors hoping for a less hawkish tilt in their plans for interest rates.. "And investors are entirely focused on these U-turns as peak rates get priced in.
Hundreds of top bankers will arrive in Hong Kong this week to hear the government's sales pitch that -- despite lingering pandemic curbs and entrenched US-China tensions -- the city is once again open for business.. "Business as usual in Hong Kong is the wrong choice for these companies," said the leaders of the bipartisan US Congressional-Executive Commission on China.
China's factory activity shrank in October, official data showed Monday, after industries were hit by strict Covid lockdowns.. Zhao said Covid outbreaks in October had hit the service industry especially hard, with activity by transport, accommodation and food and beverage businesses falling during a traditional peak period coinciding with week-long national holidays.
The US Supreme Court on Monday revisits the divisive question of whether race can be used as a factor in deciding who gets admitted to some of America's elite universities.. But the court said race or ethnic origin can be considered as one factor among others in admitting students to ensure a diverse student body and to combat previous discrimination that could have prevented marginalized students from being accepted to those schools.
An organized trolling campaign tweeting slurs tens of thousands of times tested Twitter's moderation policies after the platform was taken over by billionaire Elon Musk, its safety chief said Saturday, adding that the rules "haven't changed.". But "Twitter's policies haven't changed.
Britain's foreign minister has insisted during a visit to India that "a lot of progress" has been made in talks on a post-Brexit free-trade deal despite negotiators missing a recent deadline.. "We have made a lot of progress in the negotiations, and we continue to work for an agreement that works for both countries," James Cleverly said in a Times of India interview published Sunday.
One of the world's biggest technology get-togethers kicks off in the Portuguese capital on Tuesday, with organisers saying a key aim is to ask tough questions about cryptocurrencies.. Conference organiser Paddy Cosgrave told AFP there were "a lot of questions to be answered" about crypto, describing it as "largely smoke and mirrors".
