A look at the day ahead in European and global markets from Tom Westbrook A red tide swept over Asia-session screens on Friday as markets took a hot Japanese inflation reading and the Bank of England’s super-sized rate hike as bad news for growth. Japan’s Nikkei looks set to snap a 10-week winning streak and…
A look at the day ahead in European and global markets from Tom Westbrook A red tide swept over Asia-session screens on Friday as markets took a hot Japanese inflation reading and the Bank of England’s super-sized rate hike as bad news for growth. Japan’s Nikkei looks set to snap a 10-week winning streak and…
By Nidhi Verma NEW DELHI (Reuters) – Indian state-run refiner BPCL is in talks with Rosneft to buy about 6 million metric tons (43.8 million barrels) of discounted Russian crude at a price based on the Dubai benchmark, according to three sources with direct knowledge of the matter. The deal would deepen India’s commitment to…
By Kantaro Komiya TOKYO (Reuters) – Japan’s factory sentiment likely improved in the second quarter for the first time since mid-2021, thanks to an eased chip supply crunch for automakers, a Reuters poll of economists showed on Friday. While slowing global demand has dragged on manufacturers’ recovery, the service-sector mood is expected to have extended…
(Reuters) -Hong Kong’s Cathay Pacific Airways on Friday forecast its first half-year profit in three years, buoyed by a strong rebound in travel demand and one-off gain from a stake sale in Air China. The city’s flagship carrier had posted record losses for the last three years as it parked much of its fleet during…
By Hernan Nessi BUENOS AIRES (Reuters) -Argentina’s economy grew 1.3% year-on-year in the first quarter of 2023, the slowest rise since late 2020, as central bank spending to prop up the peso and boost exports offset a historic drought that has hammered grains production. The INDEC statistics agency said in a report on Thursday that…
By Leika Kihara and Takahiko Wada TOKYO (Reuters) – Japan’s core consumer inflation exceeded forecasts in May and an index excluding fuel costs rose at the fastest annual pace in 42 years, highlighting broadening price pressure that will keep the central bank under pressure to phase out its massive stimulus. The increase was driven by…
TOKYO – Japan’s manufacturing activity fell back into contraction in June and service sector growth slowed for the first time in seven months, surveys showed on Friday, as business confidence and demand weakened. The au Jibun Bank flash Japan manufacturing purchasing managers’ index (PMI) dropped to a seasonally adjusted 49.8 in June from a final…
TOKYO – Japan’s manufacturing activity fell back into contraction in June and service sector growth slowed for the first time in seven months, surveys showed on Friday, as business confidence and demand weakened. The au Jibun Bank flash Japan manufacturing purchasing managers’ index (PMI) dropped to a seasonally adjusted 49.8 in June from a final…
By David Shepardson WASHINGTON (Reuters) -The U.S. Federal Trade Commission on Thursday argued in federal court for a preliminary injunction to temporarily block Microsoft’s acquisition of videogame maker Activision Blizzard. “If this deal is completed, the combined company … is likely to have the ability, an incentive, to harm competition in various markets related to…
