By Davide Barbuscia NEW YORK (Reuters) -Bond investors who had positioned portfolios defensively in anticipation of a U.S. recession are adjusting their strategies for a surprisingly resilient economy that will likely keep interest rates higher, longer than they had expected. A so-called soft-landing economic path – in which the Federal Reserve manages to curb inflation…
By Renju Jose and Lewis Jackson SYDNEY (Reuters) -Woodside Energy said “positive progress” was being made on wage disputes at Australia’s largest liquefied natural gas (LNG) facility even as a union alliance said key differences remained ahead of further talks next Wednesday. Woodside’s North West Shelf, along with Chevron’s Australian LNG operations of Gorgon and…
By Mike Dolan LONDON (Reuters) -August has been rough so far for emerging market stocks and western government bonds, a worrying confluence that may extend losses from ‘geo-investment’ standoffs and reflect an increasingly polarised world economy. Northern summer months can be a dangerous time to over-interpret financial market moves. Thin trading volumes and exaggerated price…
JAKARTA (Reuters) – Indonesia has requested World Trade Organization (WTO) dispute consultations with the European Union regarding the bloc’s imposition of duties on imports of biodiesel from the Southeast Asia nation, the global trade body said on Tuesday. The EU is Indonesia’s third-largest destination for palm oil products and is an important market for its…
By Sudarshan Varadhan and Lewis Jackson SINGAPORE/SYDNEY (Reuters) – Woodside Energy Group and U.S. major Chevron are locked in a dispute over pay and job security with about 700 workers at four facilities in Australia that produce more than a tenth of the world’s liquefied natural gas (LNG). Here is what is expected in coming…
By Casey Hall SHANGHAI (Reuters) – Shanghai driver Zhu Zhimin works 15 hours a day to earn the same money he was making only a few months ago working a regular shift, as he competes with an increasing number of Chinese rushing into the ride-hailing industry. Zhu, who takes home 400-600 yuan ($55-$82) a day…
By Sarah N. Lynch, Jacqueline Thomsen WASHINGTON (Reuters) -Former President Donald Trump again stands accused of illegally trying to overturn the 2020 election results to stay in power. But for the first time some allies and closest advisers also face criminal charges for their roles in the alleged scheme. Already charged by a federal grand…
FRANKFURT (Reuters) – The euro zone’s vast industrial sector rebounded in June, giving overall growth a small boost to end an otherwise weak quarter on a positive note, data from Eurostat showed on Wednesday. Industrial production in the 20 nations sharing the euro expanded by 0.5% on the month, beating expectations for a 0.2% rise,…
ARENDAL, Norway (Reuters) – Norway’s sovereign wealth fund has recently reduced its overweight investment position in major tech firms, Chief Executive Nicolai Tangen told a press conference on Wednesday. (Reporting by Gwladys Fouche, editing by Terje Solsvik)
By Casey Hall SHANGHAI (Reuters) -Alibaba Group’s work communication and collaboration platform DingTalk will split from the company’s cloud division, according to two sources close to the company. The sources could not confirm the exact timing of the split and also did not confirm news reported by Chinese media outlet Caixin on Wednesday that DingTalk…
