(Reuters) -Barrick Gold Corp beat analysts’ expectations for second-quarter profit on Tuesday, as the Canadian gold miner benefited from higher prices of the precious metal. The company also maintained its full-year production outlook for gold and copper, saying output in the second half of the year is expected to surpass the first – boosted by…
By Anton Bridge TOKYO (Reuters) -Japan’s SoftBank Group posted a surprise loss but said it was dipping its toes back into new investments after its Vision Fund unit returned to the black for the first time in six quarters. The Vision Fund unit booked an investment gain of about 160 billion yen ($1.1 billion) for…
By Safiyah Riddle (Reuters) – U.S. small business confidence edged up to an eight-month high in July, as concerns about inflation fell to the lowest level in nearly two years, a report released on Tuesday showed. The National Federation of Independent Business (NFIB) said its Small Business Optimism Index rose nine-tenths of a point to…
BEIJING (Reuters) – China’s imports from Russia dropped in July, the first monthly decline since February 2021, with imports of oil and other goods having continued to rise steadily after the outbreak of conflict in Ukraine, Chinese customs data showed on Tuesday. China’s imports from Russia shrank 8% to $9.2 billion last month from a…
By Qiaoyi Li and Miyoung Kim BEIJING (Reuters) -China’s passenger vehicle sales fell for a second month in July, as discounts and government support measures failed to persuade consumers wary of buying cars amid a sputtering economy and a prolonged slump in the housing market. Automakers are concerned about a demand slowdown as the world’s…
(Reuters) – Greece’s annual EU-harmonised inflation accelerated to +3.5% in July from +2.8% in June, data showed on Tuesday. EU-harmonised inflation is an index of components that is used across the EU to measure inflation in a consistent way. Official statistics service ELSTAT also reported that headline consumer inflation in July rose to +2.5% from…
By Jan Lopatka and Marek Strzelecki PRAGUE/WARSAW (Reuters) – European gas traders have begun storing natural gas in Ukraine to take advantage of lower prices and available capacity there, regardless of the risks from the ongoing war, three traders and company officials said. Following Russia’s invasion of Ukraine, begun in February last year, the European…
GENEVA (Reuters) – War crimes committed by Myanmar’s military, including the bombing of civilians, have become “increasingly frequent and brazen”, a team of United Nations investigators said in a report published on Tuesday. The report by the Independent Investigative Mechanism for Myanmar (IIMM), which covered the period between July 2022 and June 2023, said there…
TOKYO (Reuters) – Japan’s Kobe Steel raised its net profit forecast for the current fiscal year to a record high of 120 billion yen ($839 million) on expected higher selling prices and lower fuel costs, it said on Tuesday. The forecast was increased by 20 billion yen from the previous estimate and versus 72.5 billion…
FRANKFURT (Reuters) – Euro zone consumers expect inflation to keep slowing in the next months and years but remain pessimistic about their purchasing power and house prices, a European Central Bank survey showed on Tuesday. The ECB’s monthly Consumer Expectations Survey added to evidence that the central bank’s steepest ever streak of interest rate hikes…
