By Jihoon Lee SEOUL (Reuters) -South Korea’s exports fell more than expected in July and at the steepest pace in more than three years, trade data showed on Tuesday, raising concerns that the downturn may drag on longer than expected amid persistently weak demand from China. Overseas sales by Asia’s fourth-largest economy fell 16.5% year-on-year…
MOSCOW (Reuters) -The Kremlin said on Monday it needed to learn more about the purpose of talks planned in Saudi Arabia about the war in Ukraine, but Ukraine made it plain Russia was not welcome at the meeting. The meeting was first reported last Saturday in the Wall Street Journal, which said Saudi Arabia would…
(Reuters) -Lynas Rare Earths said on Tuesday it had signed an updated contract with the U.S. Department of Defense (DoD) for the construction of the heavy rare-earths component of its rare-earths processing facility in Texas. Under the contract, a contribution of about $258 million by the U.S. government is currently allocated to the project, higher…
TOKYO – Japan’s factory activity contracted at a faster pace in July, a business survey showed on Tuesday, taking a hit from soft orders amid weakening global economic conditions. The final au Jibun Bank Japan manufacturing purchasing managers’ index (PMI) fell to 49.6 in July, slightly higher than flash 49.4 but down from 49.8 in…
By Elida Moreno PANAMA CITY (Reuters) – The number of people crossing the treacherous Darien Gap linking Panama and Colombia hit an all-time high in the first seven months of the year, figures released on Monday showed, with July seeing a sharp jump despite recent efforts to curb the trend. Official data showed 248,901 people…
By Jihoon Lee SEOUL (Reuters) – A protracted slump in South Korea’s factory activity eased in July as export orders rose for the first time in nearly 1-1/2 years, a private business survey showed on Tuesday, raising hopes for a more durable economic recovery. The purchasing managers index (PMI) for South Korean manufacturers, compiled by…
DUBLIN (Reuters) – A slump in Irish manufacturing activity deepened slightly again last month as output was at one of its lowest levels on record, but firms resumed adding staff amid a tight labour market, a survey showed on Tuesday. The AIB S&P Global manufacturing Purchasing Managers’ Index (PMI) for Ireland fell to 47.0 in…
By Kanishka Singh and Costas Pitas WASHINGTON (Reuters) -Florida Governor Ron DeSantis said on Monday he would aim to deter China from invading Taiwan if he wins the 2024 presidential election, saying China would refrain from such an attack if the costs outweighed the benefits. “So my policy is going to be to deter that…
By Isla Binnie NEW YORK (Reuters) – Large U.S.-based asset managers have shown waning interest in encouraging companies in which they invest to phase out fossil fuels since 2021, while their European counterparts have remained more active, think tank InfluenceMap said on Monday. Managers globally hold almost three times more equity in fossil fuel companies…
By Jody Godoy NEW YORK (Reuters) -Terraform Labs and its founder, Do Kwon, must face fraud allegations brought by the U.S. Securities and Exchange Commission, a federal judge ruled on Monday. Kwon and Terraform Labs were behind two cryptocurrencies whose implosion roiled crypto markets around the world last year. U.S. District Judge Jed Rakoff in…
