By Florence Tan SINGAPORE (Reuters) – Oil prices jumped more than $1 a barrel on Monday after the world’s top exporter Saudi Arabia pledged to cut production by another 1 million barrels per day from July, counteracting macroeconomic headwinds that have depressed markets. Brent crude futures were at $77.64 a barrel, up $1.51, or 2%,…
By Stella Qiu SYDNEY (Reuters) – Asian shares extended a global rally on Monday on optimism the Federal Reserve would pause its rate hikes this month after a mixed U.S. jobs report, while oil jumped as Saudi Arabia pledged big output cuts in July. Brent oil jumped $1.82, or 2.4%, to $77.95 a barrel, while…
By David Shepardson WASHINGTON (Reuters) – Deputy U.S. Transportation Secretary Polly Trottenberg is expected to be named Federal Aviation Administration’s (FAA) next interim leader, two sources told Reuters on Sunday. The source cautioned that appointment wasn’t final and could change, the sources said. The Wall Street Journal first reported the news. Acting FAA administrator Billy…
By Florence Tan SINGAPORE (Reuters) – Oil prices jumped more than $2 a barrel in early Asian trade on Monday, hours after the world’s top exporter Saudi Arabia pledged to cut production by another 1 million barrels per day from July. Brent crude futures was at $78.42 a barrel, up $2.29, or 3%, at 2219…
By Danielle Broadway LOS ANGELES (Reuters) – Audiences swung into theaters for “Spider-Man: Across the Spider-Verse,” giving the animated film a hefty $120.5 million in its domestic box office debut, the second-biggest opening weekend of the year. Behind only “The Super Mario Bros” film that garnered $146 million, the movie’s box office performance surpassed Sony…
By Winni Zhou, Brenda Goh and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) -China’s yuan has skidded to six-month lows against the dollar and analysts say it could weaken further as investors fret over a bumpy pandemic recovery in the world’s second-largest economy. Disappointing economic data, widening yield differentials with the United States, upcoming corporate dividend payments and…
(Reuters) – Meta Platform’s Instagram on Sunday lifted its suspension against the account of Robert F. Kennedy Jr., nephew of the late president John F. Kennedy, The Washington Post reported. Kennedy, who is making a long shot bid to challenge Biden for the Democratic nomination, was removed from the photo-sharing platform in 2021 for reportedly…
WASHINGTON (Reuters) – A Chinese warship came within 150 yards (137 meters) of a U.S. destroyer in the Taiwan Strait in “an unsafe manner,” U.S. military officials said, as China blamed the United States for “deliberately provoking risk” in the region. U.S. and Canadian navies on Saturday were conducting a joint exercise in the strait,…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian markets are set for a strong start on Monday, extending last week’s upward momentum and rising risk appetite on growing hopes the U.S. economy is headed for a ‘soft landing’ after Congress’s approval last week of a…
By Lisa Richwine and Maria Caspani (Reuters) -Hollywood’s major studios reached a tentative labor agreement with the union representing film and television directors, likely averting a work stoppage that would have piled pressure on media companies to settle with striking writers. The Directors Guild of America (DGA) will ask its 19,000 members to approve the…
