BERLIN (Reuters) – Daimler Truck on Monday said that management board chairman Martin Daum would take over as chief financial officer on an interim basis after the sudden death of Jochen Goetz. The company added that the search for a new CFO had been initiated by the supervisory board. Daimler Truck had announced earlier this…
(Reuters) – Russia is in the process of equipping its new nuclear submarines with hypersonic Zircon missiles, the head of Russia’s largest shipbuilder told the RIA state news agency in an interview published on Monday. “Multi-purpose nuclear submarines of the Yasen-M project will … be equipped with the Zircon missile system on a regular basis,”…
NEW DELHI (Reuters) -India’s wholesale price index fell 1.36% year-on-year in July, but the decline was smaller than expected because of higher prices for food and some commodities. Economists polled by Reuters had estimated the wholesale price index for July would fall 2.70%. It fell 4.12% in June. In July, fuel and power prices fell…
JAKARTA (Reuters) – Indonesia’s exports and imports likely continued a decline on a yearly basis in July amid weakening global trade, with its trade surplus seen shrinking, according to a new Reuters poll. The median forecast of 17 economists for Indonesia’s July trade balance was for a surplus of $2.53 billion, down from $3.46 billion…
SHANGHAI (Reuters) – The Shanghai Stock Exchange has urged bankers to pay close attention to the marketing practices of Chinese drug and medical equipment makers seeking initial public offerings (IPOs) amid an escalating anti-corruption drive in the sector, sources said. The bourse asked investment bankers and lawyers to ensure drugmakers’ compliance and legitimacy in sales…
SHANGHAI/SINGAPORE (Reuters) – China’s central bank is expected to keep rates on its medium-term policy loans unchanged on Tuesday, a Reuters survey showed, despite fresh signs the economic recovery is losing momentum. Tumbling credit growth and rising deflation risks in July have called for more monetary easing measures to arrest the slowdown, market watchers said,…
By Hyonhee Shin and Joyce Lee SEOUL (Reuters) -North Korean leader Kim Jong Un has called for an increase in missile production to help secure “overwhelming military power” and be ready for war, state media KCNA said on Monday, as South Korea and the United States gear up for annual military drills. Kim gave the…
(Reuters) -As the world’s central banks near the end of what has felt like a relentless string of interest rate rises, investors are taking a close look at how consumers and businesses are dealing with some of the tightest credit conditions in over a decade. China’s post-COVID bounce doesn’t seem to have happened, while, in…
SYDNEY (Reuters) – Australia’s labour regulator cleared the way for strike action at Chevron’s Wheatstone platform if workers vote in favour of such a step, fuelling concerns the country’s exports could be cut. The Fair Work Commission last week ruled workers at Chevron’s downstream Wheatstone facility and its Gorgon facility can ballot workers for strike…
By Ali Sawafta, James Mackenzie and Suleiman Al-Khalidi JENIN, West Bank (Reuters) – Sitting in a bullet-scarred building in the city of Jenin, two fighters from Islamic Jihad – a militant group funded by Iran – celebrated what they said was a victory for Palestinians over the biggest Israeli operation in the West Bank in…
