By Wayne Cole SYDNEY (Reuters) – Asian share markets were mostly softer on Monday and the dollar held firm after a stunning U.S. payrolls report pushed back against talk of recession but also bolstered the case for more super-sized rate hikes. Markets quickly moved to price around a 70% chance the Federal Reserve will lift…
By Florence Tan SINGAPORE (Reuters) – Oil prices dropped on Monday, hovering near multi-month lows, as recession fears hurt demand outlook and data pointed to a slow recovery in China’s crude imports last month. Brent crude futures dropped 74 cents, or 0.8%, to $94.18 a barrel by 0039 GMT. Front-month prices hit the lowest levels…
By Daniel Leussink TOKYO (Reuters) – Japan ran a current account deficit for the first time in five months in June as surging imports eclipsed exports, data showed on Monday, highlighting the pressure that higher energy and raw material prices are putting on the economy. The world’s third-largest economy ran a current account deficit of…
(Reuters) – United Parcel Service Inc is nearing a deal to acquire Italian healthcare-logistics company Bomi Group, the Wall Street Journal reported on Sunday. The deal, worth several hundred million dollars, could be finalized as soon as Monday, the report said citing people familiar with the matter. (https://on.wsj.com/3BOoINA) UPS did not immediately respond to a…
WASHINGTON (Reuters) – A group representing General Motors, Toyota Motor, Volkswagen and other major automakers said a $430 billion bill approved Sunday by the U.S. Senate will put achieving U.S. electric-vehicle adoption targets for 2030 in jeopardy. The Alliance for Automotive Innovation had warned late Friday that most EV models would be ineligible for a…
(Reuters) -CVS Health Corp is seeking to buy Signify Health Inc as it looks to expand in-home health services, the Wall Street Journal reported on Sunday, citing sources. Signify Health is working with bankers to explore strategic alternatives, including a sale, the Journal reported last week. Initial bids are due this coming week, and CVS…
(Reuters) – CVS Health Corp is planning to buy Signify Health Inc as it looks to expand in home-health services, the Wall Street Journal reported on Sunday, citing sources. Initial bids are due this coming week and CVS is planning to accept one, the reportsaid. WSJ reported last week that Signify Health is working with…
BEIJING (AP) — China’s export growth continued to rise in July, sending trade surplus to a record high, according to government data. China’s exports grew 18% to $333 billion compared to the same period last year, and were up from 17.9% in June, according to data from China’s customs. Imports, however, remained soft, growing 2.3%…
By Saqib Iqbal Ahmed NEW YORK (Reuters) -A rally in U.S. stocks that has powered on despite skepticism from Wall St faces a reality check in the coming week, as key inflation data threatens to shut the door on expectations of a dovish shift from the Federal Reserve. The S&P 500 has walked a tightrope…
By Ellen Zhang and Ryan Woo BEIJING (Reuters) -China’s export growth unexpectedly picked up speed in July, offering an encouraging boost to the economy as its struggles to recover from a COVID-induced slump, but weakening global demand could start to drag on shipments in coming months. Exports rose 18.0% in July from a year earlier,…
