Asia shares dip as high yields test valuations
By Wayne Cole SYDNEY (Reuters) – Asian shares edged lower on Monday as high Treasury yields challenged lofty Wall Street equity valuations while underpinning the U.S. dollar near multi-month peaks. Volumes were light with the New Year holiday looming and…
China’s Dec manufacturing activity seen expanding for third month – Reuters poll
BEIJING (Reuters) – China’s factory activity likely expanded for a third straight month in December, offering a glimmer of optimism to officials trying to steady the world’s No. 2 economy as they brace for further U.S. trade tariffs under a…
Philippines’ Marcos signs into law record $109 billion budget for 2025
MANILA (Reuters) – Philippine President Ferdinand Marcos Jr. signed the 2025 budget into law on Monday, saying a planned 10% increase in government spending to a record 6.33 trillion pesos ($109.2 billion) would support economic growth and reduce poverty. The…
Malaysia attorney-general’s office says house arrest bids must go to pardons board
KUALA LUMPUR – Malaysia’s attorney-general’s office said all petitions for prisoners in Malaysia to serve their sentences under house arrest, including jailed former Prime Minister Najib Razak, must be submitted to the pardons board chaired by the country’s king. Najib…
Some global property catastrophe reinsurance rates to fall 5% to 15% on Jan 1, broker says
LONDON (Reuters) – Global property catastrophe reinsurance rates will fall 5% to 15% on Jan. 1 for books of businesses which have not suffered losses, reinsurance broker Guy Carpenter said on Monday, as the market becomes more competitive after years…
WHO chief calls for end to hospital attacks in Gaza after strike
ZURICH (Reuters) – The head of the World Health Organization on Monday called for an end to attacks on hospitals in Gaza after Israel struck one and raided another in the past few days. “Hospitals in Gaza have once again…