BEIJING (AP) — Asian stocks followed Wall Street lower Wednesday ahead of U.S. inflation data that traders worry will show upward pressure on prices still is too strong for the Federal Reserve to ease off interest rate hikes. Shanghai, Tokyo, Hong Kong and Seoul declined. Oil prices edged lower. Wall Street’s benchmark S&P 500 index…
By Tristan Chabba and Jagoda Darlak (Reuters) -Swiss duty-free retailer Dufry said on Tuesday it saw strong sales momentum continue in July despite the soaring inflation, after its turnover more than doubled in the first six months of the year. The company, which operates more than 2,300 shops at airports, on cruise liners, in seaports,…
A look at the day ahead in markets from Alun John The lull before U.S. inflation data affords a moment to reflect on a darkening geopolitical backdrop. Ukraine’s creditors are due to vote later on Tuesday on a government proposal to defer payments on its international bonds. Tensions remain high in Taiwan, and a Donald…
BEIJING (AP) — Lindsay Mo couldn’t go to her gym after Beijing shut down indoor sports facilities in May because of a coronavirus outbreak. So she started cycling — and soon fell in love with the sport. “I realized a racing bicycle was quite different than a regular bike,” she said. “It’s very fast and…
The birds no longer sing, and the herbs no longer grow. The fish no longer swim in rivers that have turned a murky brown. The animals do not roam, and the cows are sometimes found dead. The people in this northern Myanmar forest have lost a way of life that goes back generations. But if…
MELBOURNE (Reuters) -Oil prices pulled back slightly on Tuesday on the latest progress in last-ditch talks to revive the 2015 Iran nuclear accord, which would clear the way to boost its crude exports in a tight market. Brent crude futures fell 14 cents, or 0.1%, to $96.51 a barrel at 0404 GMT, paring a 1.8%…
