Asian shares are mixed in light “Golden Week” trading with markets in China, Japan and some other countries closed for holidays. Investors are watching to see what the U.S. Federal Reserve does as it accelerates efforts to curb inflation. The central bank is expected to raise short-term interest rates by double the usual amount when…
WELLINGTON, New Zealand (AP) — New Zealand welcomed tourists from the U.S., Canada, Britain, Japan and more than 50 other countries for the first time in more than two years Monday after dropping most of its remaining pandemic border restrictions. The country has long been renowned for its breathtaking scenery and adventure tourism offerings such…
By Maria Ponnezhath (Reuters) – Streaming platform Netflix Inc said on Sunday it had decided to stop work on Meghan Markle’s family series “Pearl” as it reviewed animated content. Dropping several projects, including Markle’s, was part of strategic decisions on production of animated series, the company said in a statement, without providing further details on…
By Sonali Paul MELBOURNE (Reuters) – Oil prices fell on Monday in holiday-sapped trade in Asia as concerns about slowing economic growth in China, the world’s top oil importer, outweighed fears of potential supply disruptions from a looming European Union ban on Russian crude. Brent crude futures fell $1.21, or 1.1%, to $105.93 a barrel…
SYDNEY (Reuters) – Australian home prices were still rising nationally in April even as more of the heat came out of the Sydney and Melbourne markets, with the smaller cities and regions proving resilient to the risk of higher mortgage rates. Figures from property consultant CoreLogic out on Monday showed prices in the combined capital…
SEOUL (Reuters) – South Korea’s factory activity accelerated in April, but cost pressures due to the Ukraine crisis and China’s strict lockdown measures continued to weigh heavily on manufacturers, a private-sector survey showed on Monday. The S&P Global purchasing managers’ index (PMI) rose to 52.1 in April from 51.2 in March, standing above the 50-mark…
By Dominique Patton BEIJING (Reuters) – The protracted lockdown in Shanghai, China’s financial hub, is slowing the nation’s normally booming meat trade, with stringent COVID-19 measures causing logistics logjams across the food industry in a sign of the broadening disruptions to business. The challenge of moving food in and around Shanghai, whose residents are into…
SHANGHAI (Reuters) – When Tesla’s Shanghai plant and other auto factories were shut over the last two months by emergency measures to control China’s biggest COVID-19 outbreak, the burning question was how quickly they could restart to meet surging demand. But with the Shanghai lockdown grinding into its fourth week, and similar measures imposed in…
By Kantaro Komiya and Kentaro Sugiyama TOKYO (Reuters) – Japanese mother of three Maiko Takahashi was never one to pinch pennies or accept hand-me-downs for her children even though circumstances for her single-income family have always been fairly modest. But times have changed. Nowadays, she has no trouble with used clothes and her pursuit of…
(Reuters) – Australia’s Qantas on Monday said it will buy 12 Airbus SE jets capable of non-stop flights from Sydney to London, getting off the ground its long-delayed plans for the world’s longest commercial flights. Reuters on Sunday reported, citing sources, that the carrier was set to announce the deal which brings it closer to…
