By Jihoon Lee SEOUL (Reuters) – South Korea’s factory production jumped unexpectedly in May, led by cars and chips, official data showed on Friday, while retail sales and facility investment also rose in an encouraging sign for a slowly recovering economy. The industrial output index rose 3.2% in May on a seasonally adjusted monthly basis,…
By Yantoultra Ngui SINGAPORE (Reuters) – From India to Singapore, Asia is seeing a boom in private credit funds looking to tap into demand mainly from startups that are moving away from raising equity capital at a sharp discount to their valuations, known as ‘down round’ in the industry. At least $2.5 billion in new…
By Valerie Insinna WASHINGTON (Reuters) -Spirit AeroSystems said it would begin resuming operations at its plant in Wichita, Kansas, on Friday, after union workers on Thursday voted to accept a new contract and end a strike that led to a week-long work stoppage. Following a vote where union employees represented by the International Association of…
By Valerie Insinna WASHINGTON (Reuters) -Spirit AeroSystems said it would begin resuming operations at its plant in Wichita, Kansas, on Friday, after union workers on Thursday voted to accept a new contract and end a strike that led to a week-long work stoppage. Following a vote where union employees represented by the International Association of…
By Takahiko Wada and Leika Kihara TOKYO (Reuters) -Core inflation in Japan’s capital perked up in June and remained above the central bank’s 2% target for the 13th month, a sign price hikes were spreading to broader sectors of the economy and keeping policymakers pressured to dial back ultra-easy policy. The data for Tokyo, which…
By Andy Bruce LONDON (Reuters) – Major British lenders on Thursday announced another increase in mortgage rates offered via brokers, pushing many products above the 6% mark in painful news for many homeowners and potential buyers. Lenders have re-priced home loan offerings repeatedly in recent weeks in a scramble to keep up with soaring funding…
By Andrew Chung (Reuters) -When liberal Justice Ketanji Brown Jackson became the first Black woman to join the U.S. Supreme Court, she was expected to bring a different view on racial matters than Justice Clarence Thomas, its only other Black member and a staunch conservative. That dispute was front and center on Thursday when the…
By Diane Bartz WASHINGTON (Reuters) -The judge hearing the U.S. Federal Trade Commission’s fight against Microsoft’s planned purchase of “Call of Duty” maker Activision Blizzard on Thursday pressed government lawyers about the data behind their arguments and asked why there was so much fuss over “a shooter video game.” The Federal Trade Commission has asked…
By Diane Bartz WASHINGTON (Reuters) -The judge hearing the U.S. Federal Trade Commission’s fight against Microsoft’s planned purchase of “Call of Duty” maker Activision Blizzard on Thursday pressed government lawyers about the data behind their arguments and asked why there was so much fuss over “a shooter video game.” The Federal Trade Commission has asked…
By Layli Foroudi and Noemie Olive NANTERRE, France (Reuters) -France saw unrest spread to major cities in a third night of riots on Thursday as President Emmanuel Macron fought to contain a mounting crisis triggered by the deadly police shooting of a teenager of Algerian and Moroccan descent during a traffic stop. Forty thousand police…
