Japanese yen jumps on report Kazuo Ueda will be next governor of the central bank
The Japanese yen pushed higher against both the euro and U.S. dollar after a Nikkei report said Kazuo Ueda would be the next Bank of Japan governor.
Adidas shares tank after company issues warning over unsold Yeezy stock
Adidas shares plummeted after the company said it could lose around 1.2 billion euros ($1.3 billion) in revenue in 2023 if it is unable to sell Yeezy stock.
Chinese IPOs are coming back to the U.S.
Chinese startups are raising millions of dollars in U.S. stock market listings again, after a dry spell in the once-hot market.
UK narrowly avoids recession in back half of 2022 despite December slump
The British economy showed no growth in the final quarter of 2022, but shrunk by 0.5% in December — more than expected by analysts.
Russia is expected to launch a new Ukraine offensive, but it faces a familiar obstacle: Mud
Ukraine’s frozen ground is expected to thaw soon, turning the war-torn nation’s fields and rural roads into a quagmire for troops and tanks.
K-pop stocks soar after agency behind BTS announced it would become its rival’s top shareholder
The K-pop agency behind BTS is set to become the largest shareholder of SM Entertainment.
First Abu Dhabi Bank says it is not currently evaluating offer for StanChart
News of the potential offer first came on Jan. 5, when FAB said it had considered a bid for London-listed Standard Chartered but was no longer doing so.
Malaysia posts stronger-than-expected GDP in fourth quarter; global slowdown clouds outlook
Economists polled by Reuters had expected the central bank to report October-December GDP 6.6% higher than in the same period of 2021.
Tesla raises starting price of Model Y in China after recent price cuts
Its market share in China’s battery electric car sector rose to 12.5% in January from 9% in December, according to a Reuters calculation based on industry data.
MSCI to cut weighting of four Adani firms in wake of Hindenburg report
The four companies for which the free float designation change was announced had a combined 0.4% weighting in the MSCI emerging markets index as of Jan. 30.
