By Arathy Somasekhar HOUSTON (Reuters) – Top U.S. shale oil producers are raising output by pulling more from each well but lack the level of activity to add significant new volumes, a Reuters analysis of investor forecasts showed. The companies that a decade ago upended global oil and gas markets and turned the U.S. into…
By Uditha Jayasinghe COLOMBO (Reuters) – The Central Bank of Sri Lanka has cut the statutory reserve ratio for commercial banks by 200 basis points to 2%, effective Aug. 16, it said on Wednesday. The decision was taken to inject liquidity into the banking system and further reduce the market liquidity deficit on a permanent…
By Karen Lema and Neil Jerome Morales MANILA (Reuters) – Philippine President Ferdinand Marcos Jr on Wednesday denied making an agreement with China to remove a grounded warship that serves as a military outpost in South China Sea, and said if there ever were such a deal, it should be considered rescinded. The Philippines maintains…
By Liangping Gao and Ryan Woo BEIJING (Reuters) -China’s consumer sector fell into deflation and factory-gate prices extended declines in July, as the world’s second-largest economy struggled to revive demand and pressure mounted on Beijing to release more direct policy stimulus. Anxiety is rising that China is entering an era of much slower economic growth…
(Reuters) – Russia will build up forces at its western borders following Finland’s accession to the U.S.-led NATO alliance, Russian Defence Minister Sergei Shoigu told the governing board of the ministry on Wednesday. In opening remarks to the Collegium of the Defence Ministry, Shoigu said NATO-member Poland had already announced plans to strengthen its military,…
By Josephine Walker WASHINGTON (Reuters) – U.S. President Joe Biden’s public approval rating held steady at 40% in early August, with concerns about the economy souring Americans’ opinion of his performance despite falling inflation, according to a Reuters/Ipsos poll this week. The three-day online poll, which asked Americans if they approve or disapprove of the…
(This Aug 8 story has been corrected to clarify that the quote was from Anna Hogg, not Caroline Holmes, in paragraphs 3 and 4) By David Stanway SINGAPORE (Reuters) – Sea ice in the Antarctic region has fallen to a record low this year as a result of rising global temperatures and there is no…
By David French (Reuters) – All three major Wall Street benchmarks finished lower on Tuesday in a broad sell-off after the downgrading of several lenders by credit rating agency Moody’s reignited fears about the health of U.S. banks and the economy. After a five-month rally pushed the benchmark S&P 500 and Nasdaq Composite within 5%…
By YP Rajesh NEW DELHI (Reuters) – Indian opposition leader Rahul Gandhi on Wednesday mounted a scathing attack on Prime Minister Narendra Modi’s handling of the deadly ethnic conflict in Manipur, saying his government had divided the remote northeastern state, broken it and burnt it. More than 180 people have been killed, many hundreds more…
By Ella Cao, Ryan Woo BEIJING (Reuters) -A growing number of Chinese graduates are abandoning the bright lights of the country’s mega-cities, with state media reporting almost half are returning to their hometowns within six months of graduation amid a sagging job market. Feeling the pinch of rising housing costs and a slowing economy, the…
