By Sonali Paul and Mohi Narayan (Reuters) – Oil prices rose on Thursday, extending a cautious rally this week on signs of tight supply while the European Union (EU) wrangles with Hungary over plans to ban imports from Russia, the world’s second-largest crude exporter, after it invaded Ukraine. Brent crude futures for July settlement gained…
SARAJEVO, Bosnia-Herzegovina (AP) — British Foreign Secretary Liz Truss is visiting Sarajevo on Thursday to reaffirm the U.K.’s commitment to peace and stability in Bosnia amid growing fears of malign influence from Russia in the ethnically-divided Balkan country. During her one-day trip, Truss will meet with top Bosnian officials and announce plans to deepen “security…
TOKYO (Reuters) -Toshiba Corp nominated an executive from M&A advisory firm Houlihan Lokey as chairperson and activist shareholders as outside directors on Thursday, in a board overhaul that could intensify pressure to take the conglomerate private. Toshiba nominated Akihiro Watanabe, the founder of M&A advisory firm GCA Corp, which was recently bought by Houlihan Lokey….
By Lucy Towers and Alistair Smout WEST DRAYTON, England (Reuters) – At west London’s Hooked Fish and Chips, Bally Singh is struggling to keep the tills ringing for a British tradition, with prices sky-rocketing for fish, potatoes, cooking oil and even the flour used for the batter the dish is cooked in. Cranking up their…
TOKYO (AP) — Asian shares gained Friday as investors cheered a strong set of earnings from retailers that has sent U.S. shares higher. Benchmarks were rising in early trading across the region, including Japan, China, Australia and South Korea. “Improved risk sentiments in Wall Street, along with earnings outperformance from Alibaba and Baidu, may aid…
By Aditya Kalra DAVOS, Switzerland (Reuters) – Bright colours and bold logos proudly signal where India has set up base on the main street in Davos this year, as the country trumpets its pro-business and foreign investment drive. Inside a pavilion on the Swiss Alpine resort’s Promenade street beneath an “India @ Davos 2022” logo,…
By Zuzanna Szymanska and Jonathan Cable BERLIN/LONDON (Reuters) – German home prices will rise faster this year than thought only three months ago, as a supply shortage outweighs a deepening cost of living crisis and the prospect of higher interest rates, a Reuters poll found. However, the resulting squeeze on disposable incomes is expected to…
By Davide Barbuscia NEW YORK (Reuters) – U.S. stocks and bonds are moving in opposite directions, a phenomenon that could bring relief for investors hoping for a blend of the two asset classes to blunt declines in their portfolios. Yields on the benchmark 10-year Treasury – which move inversely to prices – are down 28…
By Cynthia Kim and Joori Roh SEOUL (Reuters) – South Korea’s central bank on Thursday delivered back-to-back interest rate hikes and forecast further aggressive increases to wrestle consumer inflation down from 13-year highs. The Bank of Korea raised its benchmark policy rate by a quarter of a percentage point to 1.75%, the highest since mid-2019,…
MANILA (Reuters) – Philippine President-elect Ferdinand Marcos on Thursday announced the current central bank governor Benjamin Diokno would be his finance minister when he takes office next month. Diokno will be replaced by Felipe Medalla as Bangko Sentral ng Pilipinas (BSP) governor, Marcos said in an interview conducted by his press new secretary, which was…
