By Carolyn Cohn and Wayne Cole LONDON/SYDNEY (Reuters) – A rebound in oil prices on concerns of tight supply gave world stocks a lift on Monday in a session hit by a U.S. holiday. Oil got a reprieve as lower output from the Organization of the Petroleum Exporting Countries (OPEC), unrest in Libya and sanctions…
BEIJING (AP) — A Chinese-born Canadian tycoon is being put on trial in China, Canada’s government said Monday, five years after he vanished from Hong Kong during an anti-corruption crackdown. Xiao Jianhua was due to stand trial Monday, a government statement said. It said Canadian diplomats were “monitoring this case closely” and provided unspecified services…
TOKYO (AP) — Many users of Japan’s No. 2 mobile carrier KDDI Corp. were still having trouble making calls Monday after a massive outage throughout the weekend that affected nearly 40 million people, disrupting deliveries, weather reports and other services across the country. The company said data transmission had largely been restored by Monday morning,…
DUBLIN (Reuters) – Ryanair had its busiest month ever in June as it flew 15.9 million passengers, up from just 5.3 million a year earlier and topping a previous high set in May. Its load factor, which measures how well an airline is filling available seats, reached 95% for the first time since the beginning…
By Wayne Cole SYDNEY (Reuters) – Global share markets started in haphazard fashion on Monday as soft U.S. data suggested downside risks for this week’s June payrolls report, while the hubbub over possible recession was still driving a relief rally in government bonds. The search for safety kept the U.S. dollar near 20-year highs, though…
BANGKOK (AP) — World shares are mostly higher while U.S. futures fell ahead of the July 4 holiday in the U.S. Benchmarks rose in London, Paris, Frankfurt and Tokyo but fell in Hong Kong and Seoul. Last week was the fourth losing week in the last five for Wall Street as investors fret over high…
HONG KONG (Reuters) – China and Hong Kong will launch “Swap Connect” after six months, allowing mutual access to interest rate swap trading initially, to promote financial derivatives markets on both sides, regulators said on Monday. The move, announced on the same day China and Hong Kong launched ETF Connect, and came after similar schemes…
By Jorge Otaola BUENOS AIRES (Reuters) – Silvina Batakis arrives at Argentine’s Ministry of Economy in full-blown crisis mode, with inflation above 60%, a high fiscal deficit, fears rising about debt defaults and savers losing faith in the peso currency and anticipating a devaluation. The 53-year-old heterodox, or unorthodox, economist will likely bring a new…
(Reuters) -KDDI Corp shares fell as much as 3.9% on Monday after a weekend outage, the biggest system failure in the history of Japan’s No.2 wireless carrier, which affected almost 40 million users nationwide. In a statement issued at 9:00 a.m. local time (0000 GMT) on Monday KDDI said data transmission had been broadly restored,…
(Reuters) – Amazon.com Inc founder Jeff Bezos renewed his spat with the White House over the weekend, as the world’s third-richest person criticized President Joe Biden for calling on companies running gasoline stations to lower their prices. In a tweet on Saturday, Biden said, “this is a time of war and global peril,” and demanded…
