By Leika Kihara TOKYO (Reuters) -Japanese companies are raising prices and wages at a pace not seen in the past, the Bank of Japan (BOJ) said on Monday, stressing the need to watch for signs that inflationary pressures were broadening. Price hikes have spread rapidly among Japanese companies and sectors that had previously been cautious…
By Summer Zhen and Carolina Mandl HONG KONG/NEW YORK (Reuters) – For all the excitement whipped up in China’s markets by the Politburo last week, foreign investors say policymakers’ words will have to be matched by substantive action to clean up an ailing property sector before confidence recovers. The sector accounts for a quarter of…
By Jibran Ahmad and Saud Mehsud DERA ISMAIL KHAN, Pakistan (Reuters) – At least 42 people were killed and over 130 injured when a suicide bomber set off explosives at a political rally in Pakistan’s northwestern Khyber Pakhtunkhwa province on Sunday, police and rescue officials said. The blast took place at a gathering of the…
(Reuters) – Russian mercenary chief Yevgeny Prigozhin said in a voice message published on Monday that his Wagner group was not currently recruiting fighters but was likely to do so in future. The future of Wagner and Prigozhin has been unclear since he led a short mutiny against the Russian defence establishment in late June…
By Brenna Hughes Neghaiwi and Tom Sims ZURICH (Reuters) -Alison Rose’s resignation from NatWest leaves just one woman in charge of a major western European bank, highlighting an acute gender imbalance that persists across the sector despite pledges to increase female representation. But while Rose’s departure means Europe’s 25 biggest banks by assets are still…
By Libby George and Marc Jones LONDON (Reuters) -Israel’s economy may face ratings downgrades, falling foreign investment and a weaker tech sector if turmoil arising from the government’s contentious judicial reforms continues, investors and analysts warn. The government rammed through the first of a series of laws on Monday aimed at neutering the powers of…
By Boureima Balima and Felix Onuah NIAMEY/ABUJA (Reuters) -West African nations imposed sanctions and threatened force on Sunday if Niger’s coup leaders fail to reinstate ousted President Mohammed Bazoum within a week, while supporters of the junta attacked the French embassy in Niamey. The 15-nation ECOWAS bloc’s response to the Sahel region’s seventh coup of…
(Reuters) – Goldman Sachs on Sunday revised up its global oil demand forecast for the year while sticking to its 12-month Brent price projection of $93 per barrel as higher realized inventories offset the demand boost from a less pessimistic growth outlook. Goldman analysts estimate global oil demand climbed to an all-time high of 102.8…
By Danilo Masoni MILAN (Reuters) – European travel stocks stumbled into some profit-taking as earnings season kicked off and extreme weather hit in July, but many investors are betting relatively attractive valuations and solid demand will keep supporting the sector. An index of European travel and leisure stocks has risen 33% over the last year,…
By Lewis Jackson SYDNEY (Reuters) – Australia could go to an election more than a year ahead of schedule as opposition parties threaten to block a flagship housing bill for a second time, providing the government with the constitutional trigger for an early election. The parliamentary deadlock revolves around the centre-left Labor government’s A$10 billion…
