A look at the day ahead in U.S. and global markets from Mike Dolan World markets retained a warm afterglow from Friday’s shining U.S. employment reading, with only minor gains in crude oil prices on Saudi Arabia’s output cut clouding the picture. A forecast-busting May payrolls gain, coupled with signs of cooling wage growth, provided…
HONG KONG (Reuters) – China’s securities watchdog has asked property management firm Zhuhai Wanda Commercial Management Group for more details on its corporate governance as part of its application for an initial public offering in Hong Kong. Uncertainty over the timing of Zhuhai Wanda’s IPO has led to investor concerns over the liquidity of parent…
BEIJING (Reuters) – China’s fiscal status overall is sound and safe, but some local governments are facing high debt risks and large pressure of debt repayment, state media Xinhua news agency reported on Monday, citing a finance ministry official. The comments came as investors and economists become more concerned about municipal debt risks following local…
(Fixes typo of word ‘hospitalised’ in lead paragraph) KABUL (Reuters) – Around 60 Afghan girls were hospitalised after being poisoned at their school in northern Afghanistan, police said on Monday. The poisoning, which targeted a girls’ school in the Afghan province of Sar-e Pol, comes after intense scrutiny of girls’ education in the war-torn nation…
By Khanh Vu and Francesco Guarascio HANOI (Reuters) – Vietnam’s rolling power cuts have hit industrial parks in the country’s northern provinces where top global manufacturers such as Foxconn and Samsung have factories, officials said on Monday, as a surge in consumption amid a heatwave stretched the power supply system. The frequent and often unannounced…
MOSCOW (Reuters) – OPEC+, the group of leading oil-producing countries, is important for providing stability on global energy markets, Kremlin spokesman Dmitry Peskov said on Monday, a day after the group met. OPEC+ pumps around 40% of the world’s crude and has put in place cuts of 3.66 million barrels per day, amounting to 3.6%…
ISTANBUL (Reuters) – Turkish annual inflation fell to 39.59% in May, official data showed on Monday, broadly in line with expectations, largely due to the government offsetting price rises in other goods by providing natural gas free of charge. The Turkish Statistical Institute (TUIK) said last week that it would apply a “zero price” method…
HELSINKI (Reuters) – Sweden-based Volvo Cars on Monday posted a 31% rise in sales in May compared with a year earlier, selling 60,398 cars. The 31% rise comes after a strained 2022, when the company, like other automakers, felt the effects of persistent COVID-lockdowns in China, chip shortages and other supply constraints that hampered production….
By Philip Pullella and Alvise Armellini VATICAN CITY (Reuters) -Italian Cardinal Matteo Zuppi, tasked by Pope Francis to carry out a peace mission to try to help end the war in Ukraine, headed to Kyiv on Monday for a two-day trip to sound out government authorities. The Vatican announced his visit, which many observers see…
By Takaya Yamaguchi and Tetsushi Kajimoto TOKYO (Reuters) – Japan will not detail a time frame for balancing the primary budget in its mid-year economic policy for the second consecutive year, showed a draft seen by Reuters, underscoring Prime Minister Fumio Kishida’s focus on bolstering the economy. The plan comes amid speculation that Kishida could…
