By Florence Tan and Muyu Xu SINGAPORE (Reuters) – Top oil exporter Saudi Arabia may cut prices for crude grades sold to Asia in June after benchmarks slumped from records in the previous month as COVID lockdowns curbed demand in China, the world’s biggest crude importer, traders said on Friday. Global markets were rattled last…
The Dow Jones Industrial Average slumped more than 900 points Friday as another sharp sell-off led by technology stocks added to Wall Street’s losses in April, leaving the S&P 500 with its biggest monthly skid since the start of the pandemic. A sharp drop in Amazon weighed on the market after the internet retail giant…
By Andrew Mills and Parisa Hafezi DUBAI (Reuters) – Twitter buyer Elon Musk calls himself a free speech absolutist, but that could be put to the test in the Middle East where critics say authoritarian governments use the platform to track opponents and spread disinformation. In a region where the local media is often…
BEIJING (Reuters) -China will step up macroeconomic policy support to stabilise the economy as domestic COVID-19 outbreaks and the Ukraine war raise risks, state media quoted the Politburo, a top decision-making body of the ruling Communist Party, as saying on Friday. China will adopt a package of policies to help COVID-hit industries and small firms,…
BEIJING (Reuters) – China will step up macroeconomic policy adjustments to stabilise the economy as challenges and risks increase, state media quoted the Politburo, a top decision-making body of the ruling Communist Party, as saying on Friday. China will adopt a package of policies to support COVID-hit industries and small firms, they added, citing a…
By Vivek Mishra BENGALURU (Reuters) – The Reserve Bank of Australia will raise interest rates for the first time in more than a decade on Tuesday and join a long list of central banks now expected to tighten policy at a much faster pace than previously thought, a Reuters poll found. A surge in inflation…
