By Florence Tan and Jeslyn Lerh SINGAPORE (Reuters) -Oil prices fell on Monday with the global fuel demand outlook overshadowed by COVID-19 restrictions in China and the potential for further interest rate hikes in the United States and Europe. Brent crude futures dropped $1.28, or 1.4%, to $91.56 a barrel by 0330 GMT, after settling…
By Irene Wang and Tom Bateman TOKYO (Reuters) -Bucking the age-old stereotype of hard-drinking college students, Manaka Okamoto considers the next day’s schedule before cracking open an alcoholic beverage. “If I have to get up early, and I think ‘Oh, I should hold off on drinking,’ then I go for a non-alcohol drink to get…
(Reuters) – The Australian financial crimes regulator said on Monday it would investigate a unit of British betting group Entain Plc to assess whether it is in compliance with the country’s anti-money laundering and counter-terrorism financing laws. The enforcement investigation into Entain Group Pty follows an extensive supervisory campaign that examined entities within the corporate…
By Wayne Cole SYDNEY (Reuters) – Asian share markets made cautious gains on Monday on hopes a key reading on U.S. inflation will show some cooling, while the U.S. dollar was restrained by the risk of higher European interest rates and Japanese intervention. Holidays in China and South Korea made for slow trading, while traders…
By Karen Freifeld and Alexandra Alper WASHINGTON(Reuters) – The Biden administration plans next month to broaden curbs on U.S shipments to China of semiconductors used for artificial intelligence and chipmaking tools, several people familiar with the matter said. The Commerce Department intends to publish new regulations based on restrictions communicated in letters earlier this year…
By Deena Beasley (Reuters) – Amgen Inc’s Lumakras pill reduced the risk of disease progression in patients with advanced lung cancer by 34% compared with chemotherapy in a clinical trial, the company said on Sunday. There was no significant difference in overall survival between the two treatments in the confirmatory study required by U.S. regulators…
(Reuters) – Billionaire activist investor Daniel Loeb backed off from pushing Walt Disney Co to spin off ESPN, saying he has a “better understanding” of the sports television network’s potential for growth. This comes after Disney Chief Executive Bob Chapek reaffirmed the value of ESPN to the media company. “We believe that ESPN is an…
By Aidan Lewis CAIRO (Reuters) – The European Bank for Reconstruction and Development (EBRD) will help finance the decommissioning of 5GW of inefficient gas-fired power plants in Egypt from 2023 while pledging up to $1 billion for renewables, its regional director said on Sunday. EBRD would raise up to $300 million in sovereign financing for…
BARCELONA, Spain (AP) — Around 150,000 Catalan separatists rallied in Barcelona on Sunday, trying to reignite the independence movement that is fraying as it nears the five-year anniversary of its failed breakaway bid from Spain. For the past decade, the Sept. 11 rally held on Catalonia’s main holiday has been the focal point of the…
COLOMBO, Sri Lanka (AP) — A visiting U.S. diplomat on Sunday urged Sri Lankan authorities to tackle corruption and introduce governance reforms alongside efforts to uplift the country’s economy as a way out of its worst crisis in recent memory. USAID Administrator Samantha Power told reporters that such moves will increase international and local trust…
