By Kirsty Needham SYDNEY (Reuters) – China sees the Pacific islands as an area of significant strategic interest and the United States should strengthen its commitment to north Pacific island …
US and World News
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- US and World News
Electric vehicles row overshadows S.Korean president’s first U.S. visit
by Reutersby ReutersBy Hyonhee Shin SEOUL (Reuters) – South Korea’s opposition to new rules governing U.S. subsidies for electric vehicles are set to overshadow President Yoon Suk-yeol’s first official trip to the …
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AMP handed $9.7 million penalty for charging pensioners ‘fees for no service’
by Reutersby Reuters(Reuters) – Wealth manager AMP Ltd was handed a penalty of A$14.5 million ($9.74 million) on Tuesday by Australia’s Federal court for charging customers with ‘fees for no service’ on …
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BERLIN (Reuters) – UniCredit is eyeing acquisitions in Germany as part of plans by Italy’s second-biggest bank to become a fully developed European bank, Chief Executive Andrea Orcel told German …
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U.S. refiners eye Canadian oil once strategic reserve turns off taps
by Reutersby ReutersBy Stephanie Kelly and Nia Williams NEW YORK (Reuters) – U.S. refiners are expected to buy more Canadian oil after the Biden administration ends releases from the Strategic Petroleum Reserve …
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Taiwan ‘proud’ of its efforts to help Ukraine, says President Tsai
by Reutersby ReutersTAIPEI (Reuters) – Taiwan is “proud” of its efforts to help Ukraine in the country’s struggle to defend itself and those efforts must continue, President Tsai Ing-wen told a conference …
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With pomp and sorrow, world bids final farewell to Queen Elizabeth
by Reutersby ReutersBy Michael Holden, Kate Holton and Alistair Smout WINDSOR, England (Reuters) -Queen Elizabeth was laid to rest alongside her beloved husband on Monday after a day which saw Britain and …
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Hurricane Fiona slams Dominican Republic, Puerto Rico; three dead
by Reutersby ReutersBy Ivelisse Rivera and Ezequiel Abiu Lopez SAN JUAN, Puerto Rico/Santo Domingo (Reuters) -Hurricane Fiona was churning north on Monday night after bringing torrential rain and powerful winds to the …
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A look at the day ahead in European and global markets from Tom Westbrook Sweden’s Riksbank is expected to tee off another round of outsized rate hikes today, with its …
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By Gaurav Dogra (Reuters) – Foreigners were net purchasers of emerging Asia ex-China bonds for a second successive month in August, although the buying was measured on concerns over soaring …
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Musk says Starlink will seek exemption from Iranian sanctions
by Reutersby Reuters(Reuters) – SpaceX CEO Elon Musk said on Monday that the company will ask for an exemption from sanctions against Iran to provide the firm’s Starlink satellite broadband service in …
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Robust commodity prices helps narrow Australia’s budget deficit
by Reutersby ReutersSYDNEY (Reuters) – Robust commodity prices have helped narrow Australia’s budget deficit for the last fiscal year by about A$50 billion ($34 billion), Treasurer Jim Chalmers said on Tuesday, highlighting …
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China’s Aug coal imports from Russia, Indonesia soar as heatwave spurs power use
by Reutersby ReutersSINGAPORE (Reuters) -China’s coal imports from Russia rose in August, exceeding last month’s level and hitting the highest in at least five years, as power utilities in the world’s biggest …
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Exclusive-German utilities close to long-term LNG deals with Qatar, sources say
by Reutersby ReutersBy Marwa Rashad and Christoph Steitz LONDON/FRANKFURT (Reuters) -German utilities RWE and Uniper are close to striking long-term deals to buy liquefied natural gas (LNG) from Qatar’s North Field Expansion …
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Australia’s central bank says hikes could slow at some point
by Reutersby ReutersSYDNEY (Reuters) -Australia’s central bank is set on raising interest rates again as it battles to contain red-hot inflation, but sees a case for slowing the pace of hikes as …
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BOJ seen sticking to ultra-low rates, defy global rate hike rush
by Reutersby ReutersBy Leika Kihara TOKYO (Reuters) – The Bank of Japan is set to maintain ultra-low interest rates and its dovish policy guidance on Thursday, a decision that comes hours after …
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Japan’s inflation hits near 8-year high, stays above BOJ’s target
by Reutersby ReutersBy Leika Kihara and Takahiko Wada TOKYO (Reuters) -Japan’s core consumer inflation quickened to 2.8% in August, hitting its fastest annual pace in nearly eight years and exceeding the central …
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Investors mixed as Porsche seeks price tag of up to $75 billion
by Reutersby ReutersBy Victoria Waldersee BERLIN (Reuters) – Volkswagen shares hovered around breakeven on Monday, reflecting a mixed response from investors to the automaker’s listing plans for sports car brand Porsche AG …
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China leaves lending benchmarks unchanged amid global rates squeeze
by Reutersby ReutersSHANGHAI (Reuters) – China kept its benchmark lending rates unchanged at a monthly fixing on Tuesday, as expected, as authorities appeared to hold off immediate monetary easing following rapid declines …
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Philippines central bank to go for another 50 bps rate hike on Thursday
by Reutersby ReutersBy Shaloo Shrivastava BENGALURU (Reuters) – The Philippine central bank will likely opt for a half-point interest rate rise on Thursday to support a weakening currency and blunt its effect …
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Indonesia to raise rates by another 25 bps in Sept, some call for 50 bps: Reuters poll
by Reutersby ReutersBy Anant Chandak BENGALURU (Reuters) – Bank Indonesia will follow a surprise August interest rate rise with another 25 basis point hike at its meeting on Thursday, still moving more …
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Japan govt will spend $24 billion in budget reserves to cope with price hikes
by Reutersby ReutersTOKYO (Reuters) – Japan will spend 3.48 trillion yen ($24.31 billion) in budget reserves to cope with ongoing price hikes and respond to COVID-19, the Ministry of Finance said on …
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Lula maintains large lead over Bolsonaro ahead of Brazil election -poll
by Reutersby ReutersSAO PAULO (Reuters) -Brazil presidential candidate Luiz Inacio Lula da Silva slightly extended his lead over President Jair Bolsonaro less than two weeks before the South American country’s election, a …
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Marriott coaxing workers back to office with $600 million building
by Reutersby ReutersBy David Shepardson BETHESDA, Maryland (Reuters) – Marriott International Inc believes its new $600 million high-rise headquarters will entice workers to return after more than two years mostly working at …
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Blinken hosts Armenian, Azeri foreign ministers, urges return to peace talks
by Reutersby ReutersWASHINGTON (Reuters) -U.S. Secretary of State Antony Blinken met with the foreign ministers of Armenia and Azerbaijan in New York on Monday, marking the first direct talks between the two …