By Rae Wee SINGAPORE (Reuters) – The dollar wobbled on Wednesday as expectations of a rate hike by the Federal Reserve next week receded, though currency moves were subdued as traders contemplated whether an end to the global monetary policy tightening cycle was near. The Aussie scaled a fresh three-week high in the wake of…
(Reuters) – Satellite images taken on Tuesday afternoon by Maxar Technologies showed extensive flooding in southern Ukraine with the region’s Nova Kahkovka dam and hydroelectric station largely destroyed. The critical dam, which lies along the Dnipro River in the parts of Ukraine’s Kherson region now held by Russia, collapsed on Tuesday, flooding a swathe of…
By Stella Qiu SYDNEY (Reuters) -Australia’s central bank chief on Wednesday stepped up a warning of more rate hikes ahead to temper rising price pressures, even as risk of a steep economic downturn heightens with data showing GDP expanded at its weakest pace in 1-1/2 years last quarter. The Reserve Bank of Australia (RBA) surprised…
By Stefanno Sulaiman JAKARTA (Reuters) – Indonesia’s transport ministry and three consultants have pushed back on a China-funded consortium’s plan to start full commercial operations of the country’s $7.3 billion first high-speed train service in August, an internal document shows. A flagship project of President Joko Widodo – and part of China’s Belt and Road…
HONG KONG (Reuters) – A Shanghai court has ordered the freezing of 1.98 billion yuan ($278.18 million) worth of shares in a unit of Dalian Wanda Group, China’s largest commercial property developer. The shares frozen were issued by Dalian Wanda Commercial Management Group, the property management arm of Dalian Wanda Group. According to two court…
A look at the day ahead in European and global markets from Sonali Desai China’s keenly awaited trade data for May did little to stir markets increasingly inured to weakening momentum in the world’s second-largest economy, although it will fuel further speculation of policy stimulus measures from Beijing. For the record, exports posted a bigger-than-expected…
By Guy Faulconbridge (Reuters) – A huge Soviet-era dam on the Dnipro River that separates Russian and Ukrainian forces in southern Ukraine was breached on Tuesday, unleashing floodwaters across the war zone. Ukraine said Russia had destroyed it, while Russia said Ukraine sabotaged it to cut off water supplies to Crimea and distract attention from…
TOKYO (Reuters) – Goldman Sachs Group plans to establish a desk in Tokyo to start trading Japanese power derivatives, two people familiar with the matter told Reuters on Wednesday. More foreign energy companies and banks are seeking access to the Japanese power market, which was launched in 2016 in the wake of the Fukushima nuclear…
By Joanna Plucinska ISTANBUL (Reuters) – Despite progress in improving gender diversity in the aviation sector, equality is still a distant goal, figures presented on Tuesday at the International Air Transport Association’s (IATA) annual meeting in Istanbul showed. Aviation is known for its poor record on achieving gender balance, particularly among pilots, but also in…
By Lewis Jackson SYDNEY (Reuters) – HESTA, one of Australia’s largest pension funds, on Wednesday froze work with PricewaterhouseCoopers (PwC) Australia, the latest fund to blacklist the firm amid a national scandal over its misuse of confidential government tax plans. The A$72 billion ($48 billion) fund is “very concerned” and will “restrict consideration of PwC…
