By Wayne Cole SYDNEY (Reuters) – Asian markets were in retreat on Monday as U.S. stock futures slid on rate worries, and a tightening lockdown in Shanghai stoked concerns about global economic growth and possible recession. “A series of rate hikes and hawkish communication came against a backdrop of plummeting Chinese and European activity, new…
By Leika Kihara TOKYO (Reuters) – Bank of Japan (BOJ) policymakers remained unwavering in their resolve to keep massive monetary stimulus, even as some saw signs of change in the country’s low-inflation environment, minutes of their March policy meeting showed on Monday. Several in the nine-member board said some big firms were raising wages and…
By Wayne Cole SYDNEY (Reuters) – Asian markets got off to a shaky start on Monday as U.S. stock futures took an early skid on rate worries, while a tightening lockdown in Shanghai stoked concerns about global economic growth and possible recession. “A series of rate hikes and hawkish communication came against a backdrop of…
By Wayne Cole SYDNEY (Reuters) – Asian markets got off to a shaky start on Monday as U.S. stock futures took an early skid on rate worries, while a tightening lockdown in Shanghai stoked concerns about global economic growth and possible recession. “A series of rate hikes and hawkish communication came against a backdrop of…
By Ju-min Park and Joe Brock SANGDONG, South Korea (Reuters) – Blue tungsten winking from the walls of abandoned mine shafts, in a town that’s seen better days, could be a catalyst for South Korea’s bid to break China’s dominance of critical minerals and stake its claim to the raw materials of the future. The…
WILMINGTON, Del. (Reuters) – President Joe Biden will draw a contrast between his economic plans and those of Republicans in remarks on Tuesday focused on inflation, a White House official said. Biden, a Democrat who is suffering from low approval poll numbers ahead of the November midterm elections, has sharpened his rhetoric against Republicans in…
(Reuters) – Australia’s Westpac Banking Corp on Monday posted over a 12% drop in first-half cash earnings, as its margins continued to be squeezed by stiff competition in mortgage lending amid record low interest rates and certain impairment charges. Australia’s “Big Four” banks enjoyed a boom in home lending helped by low rates and a…
By Camillus Eboh and MacDonald Dzirutwe ABUJA (Reuters) – Nigerian airlines have suspended plans to ground all local flights due to the soaring cost of jet fuel just hours before the move was due to take effect, the airline operators association said on Sunday. The Airline Operators of Nigeria has been under pressure from the…
(Reuters) – The Algerian cabinet has authorised the national airline, Air Algerie, to purchase 15 new aircraft to open new routes to African and Asian destinations, Algerian State TV said on Sunday citing a cabinet statement. (Reporting by Moaz Abd-Alaziz; Editing by Kirsten Donovan)
By Anna Ringstrom STOCKHOLM (Reuters) – IKEA stores owner Ingka Group has extended the period it will pay around 12,000 staff in Russia by three months, through August, and may continue to pay workers beyond that, its retail manager said in an interview. The world’s biggest furniture brand in early March said it would temporarily…
