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LONDON – Growth among British businesses last month was a touch stronger than originally thought but there were further signs of how surging inflation is dragging on new orders, raising …

(Reuters) -AstraZeneca agreed to acquire biotechnology firm TeneoTwo Inc in a deal worth up to $1.27 billion on Tuesday, in a move to bolster its roster of therapies to treat …

By Uditha Jayasinghe COLOMBO -Crisis-hit Sri Lanka will present a debt restructuring plan to the International Monetary Fund by the end of August, in a bid to win approval for …

By Leika Kihara and Takahiko Wada TOKYO – The Bank of Japan may adjust its ultra-loose monetary policy before dovish Governor Haruhiko Kuroda’s term ends next April, if the economy …

TOKYO – Japanese wireless carrier KDDI Corp said on Tuesday all telecommunications networks have returned to normal after a nationwide system failure. Telecommunication services for both corporate and individual customers …

ROME – Italy’s services sector growth slowed for a second month running in June amid high inflation and faltering demand, a survey showed on Tuesday. S&P Global’s Purchasing Managers’ Index …

(Reuters) – South African private sector activity expanded at a faster rate in June, helped by growth in demand and employment, a survey showed on Tuesday. The S&P Global South …

NAIROBI – Kenya’s private sector activity contracted in June for the third month in a row, reaching its lowest level since April 2021, due to rising prices and shortages of …

By Gaurav Dogra (Reuters) – Emerging Asian equities ex-China recorded massive outflows in June, as risk assets took a hit due to heightened concerns over a potential recession, with major …

MOSCOW – Russia’s service sector expanded last month for the first time since February, when Moscow sent tens of thousands of troops into Ukraine, a business survey showed on Tuesday. …

By Xiangming Hou and Kevin Yao BEIJING -China will set up a state infrastructure investment fund worth 500 billion yuan ($74.69 billion) to spur infrastructure spending and revive a flagging …

A look at the day ahead in markets from Dhara Ranasinghe. Yes, recession risk remains high on markets’ radar but no, there are yet few signs that central banks will …

OSLO – Norway’s Equinor has initiated a shutdown of the Gudrun, Oseberg South and Oseberg East fields in the North Sea as a result of a strike among Norwegian offshore …

By Joyce Lee SEOUL – Samsung Electronics Co Ltd is likely to turn in its best April-June profit since 2018 with a 15% year-on-year rise, as lingering demand for its …

DUBAI – Qatar’s economy grew 2.5% in the first quarter from a year earlier, although the growth fell slightly from the previous quarter, official estimates showed on Tuesday. Qatar’s real …

ZURICH – Credit Suisse on Tuesday said it was naming Roger Suter its new head of private banking in Switzerland, succeeding current manager Serge Fehr. “Credit Suisse is today announcing …

By Wayne Cole SYDNEY -Australia’s central bank on Tuesday raised interest rates for a third straight month and flagged more ahead as it struggles to contain surging inflation even at …

DUBAI – Business activity in the United Arab Emirates non-oil private sector retreated to its slowest pace in five months in June though growth remained positive for the 19th consecutive …

By Heekyong Yang SEOUL – The union that represents Hyundai Motor Co’s South Korean workers said on Tuesday it plans to resume a week of wage talks with management on …

DUBAI – Saudi Arabia’s non-oil private sector expanded in June at its fastest pace since September as demand continued to rise strongly despite the highest inflation in nearly two years, …

BEIJING -Chinese Vice Premier Liu He had a “constructive” virtual dialogue with U.S. Treasury Secretary Janet Yellen on Tuesday, with both sides agreeing to better coordinate macro policies, according to …

BANGKOK – Thailand’s headline inflation outstripped forecasts to hit a near 14-year high in June, reinforcing expectations of a rate hike as early as next month, and with the commerce …

By Cynthia Kim and Jihoon Lee SEOUL -South Korea’s inflation last month hit the highest since the Asian financial crisis more than two decades ago, adding to signs of building …

BEIJING -China’s services activity snapped three months of decline in June and grew at the fastest rate in almost a year as easing COVID curbs revived demand, although firms remained …