PARIS (Reuters) – The United Nations food agency’s world price index rebounded in July from two-year lows as vegetable oil markets rose following renewed tensions over grain exports from Ukraine and concerns over global production. The Food and Agriculture Organization’s (FAO) price index, which tracks the most globally-traded food commodities, averaged 123.9 points in July…
LONDON (Reuters) – Britain’s construction sector returned to growth in July but house-builders suffered another sharp contraction due to higher interest rates and fears about the outlook for the economy, a survey showed on Friday. The S&P Global/CIPS construction Purchasing Managers’ Index (PMI) recovered to 51.7, its highest level since February and up from June’s…
By Stefanno Sulaiman JAKARTA (Reuters) – TikTok told Reuters it is in early-stage talks with regulators to obtain a payments licence in Indonesia, a move that would further its e-commerce ambitions in a major market at a time when it is under intensifying scrutiny in the U.S. and elsewhere. The news follows an announcement by…
By Xie Yu and Selena Li HONG KONG (Reuters) – China and Saudi Arabia’s stock exchanges are in talks to allow exchange-traded funds (ETFs) to list on each other’s bourses, three sources familiar with the matter said, as the countries look to deepen financial ties amid warming diplomatic relations. The talks are in the early…
SEOUL (Reuters) – A South Korean businessman wanted for nine years by authorities was extradited from the United States on Friday to face charges linked to one of the country’s worst maritime disasters in which over 300 people, mostly children, were killed. Yoo Hyuk-kee was taken into custody on arrival from New York, where he…
By Shoon Naing and Poppy McPherson (Reuters) – Poet turned militia leader Maung Saungkha, one of the most prominent figures fighting for democracy in Myanmar, says his armed group plans to start carving out territory in the country’s heartlands to confront the junta more directly. Maung Saungkha said the move is a key strategic aim…
TOKYO (Reuters) – Japan’s Ministry of Finance (MOF) warned on Thursday of a fake account for its top currency diplomat Masato Kanda on social media X, formerly known as Twitter, as the market fears a currency intervention amid the yen’s drop to a one-month-low. In a rare English-language post on X, the ministry said “Please…
(Reuters) – Grammy-winning singer Lizzo on Thursday denied claims made in a lawsuit filed by three of her former dancers that she created a hostile work environment by engaging in denigrating behavior and body-shaming, calling the accusations “false” and “outrageous.” Lizzo’s response on the social media platform X comes two days after the dancers filed…
BERLIN (Reuters) -German industrial orders rose in June against expectations for a drop, driven by sharp gains in the aerospace sector that left analysts divided over whether the reading represented a sustainable upturn. German industry has been mired in the doldrums, with a PMI survey on Tuesday showing a manufacturing sector downturn deepened in July….
TOKYO (Reuters) – Japan’s SoftBank Corp, the domestic telecoms arm of SoftBank Group, posted a 2.1% increase in first quarter operating profit on Friday. Operating profit was 246.3 billion yen ($1.73 billion) in the April to June period, marginally higher than the 241.2 billion yen in the same period a year earlier. SoftBank maintained its…
