By Scott DiSavino, Arathy Somasekhar and Brijesh Patel (Reuters) – U.S. natural gas production growth is waning at the same time many countries are looking for new suppliers to help break their dependence on Russian gas after Moscow’s invasion of Ukraine. The United States is already the world’s largest producer of natural gas. But the…
By Rodrigo Campos and Davide Barbuscia NEW YORK (Reuters) – Russia may have averted default as it announced it had made several overdue payments in dollars on its overseas bonds, shifting the market’s focus to upcoming payments and whether it would stave off a historic default. Russia’s $40 billion in international bonds and the chance…
By Jamie Freed SYDNEY (Reuters) -Qantas Airways will fly non-stop from Sydney to London after ordering a dozen special Airbus jets, charging higher fares in a multi-billion dollar bet that fliers will pay a premium to save four hours on the popular route. To be launched late in 2025, the flights will use A350-1000 planes,…
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…
