SINGAPORE (Reuters) – Asian stocks crept to two-week highs in cautious trade Tuesday, helped by hints of progress toward avoiding a U.S. default and by resilience in Japan’s economy, with industrial sector surveys in Europe and the United States in focus later in the day. MSCI’s broadest index of Asia-Pacific shares outside Japan touched its…
SEOUL (Reuters) – South Korea’s household credit shrank at a record pace in the first quarter as high interest rates suppressed demand, central bank data showed on Tuesday. The country’s total household credit stood at 1,853.9 trillion won ($1.40 trillion) at the end of March, down 0.7% from December and down 0.5% from a year…
By Kirsty Needham SYDNEY (Reuters) – Papua New Guinea (PNG) will not be used as a base for “war to be launched”, and a defence agreement with the United States prohibited “offensive military operations”, its prime minister said on Tuesday. U.S. Secretary of State Antony Blinken said on Monday a defence cooperation deal signed with…
By David Shepardson WASHINGTON (Reuters) -The U.S. Transportation Department (USDOT) said on Monday it fined LATAM Airlines Group SA $1 million after the airline and affiliates routinely failed to provide timely refunds to passengers for U.S. flights. The department said since March 2020, it received more than 750 complaints alleging LATAM, the biggest carrier in…
By David Shepardson WASHINGTON (Reuters) -The U.S. Transportation Department (USDOT) said on Monday it fined LATAM Airlines Group SA $1 million after the airline and affiliates routinely failed to provide timely refunds to passengers for U.S. flights. The department said since March 2020, it received more than 750 complaints alleging LATAM, the biggest carrier in…
TOKYO (Reuters) – Japan’s manufacturing activity expanded for the first time in seven months in May, while the service-sector hit record growth, a survey showed on Tuesday, as the post-COVID recovery shored up business conditions. The au Jibun Bank flash Japan manufacturing purchasing managers’ index (PMI) rose to a seasonally adjusted 50.8 in May, from…
By Timothy Gardner WASHINGTON (Reuters) -The U.S. Energy Department on Monday canceled a $200 million grant for lithium battery company Microvast Holdings, a source familiar with the matter said, after lawmakers cited concerns over its alleged links to China’s government. The department had been in talks with Microvast over the grant to help build a…
By Timothy Gardner WASHINGTON (Reuters) -The U.S. Energy Department on Monday canceled a $200 million grant for lithium battery company Microvast Holdings, a source familiar with the matter said, after lawmakers cited concerns over its alleged links to China’s government. The department had been in talks with Microvast over the grant to help build a…
By Daniel Trotta and Brad Brooks (Reuters) -Seven U.S. states that depend on the overused Colorado River on Monday reached agreement to cut consumption and help save a river that provides drinking water for 40 million people and irrigation for some of the country’s most bountiful farmland. Arizona, California and Nevada will reduce intake by…
By Brendan O’Brien (Reuters) -A judge on Monday entered a not guilty plea on behalf of the graduate student charged with murder in the fatal stabbing of four University of Idaho college students. Bryan Kohberger, 28, remained mostly silent and opted not to enter a plea during an arraignment hearing in Latah County, prompting District…
