By Hyonhee Shin SEOUL (Reuters) – South Korea and the European Union agreed on Monday to step up cooperation on security amid tension over Russia’s invasion of Ukraine and North Korean nuclear threats. South Korean President Yoon Suk Yeol held a summit in Seoul with European Commission President Ursula von der Leyen and European Council…
TOKYO (Reuters) – Japan’s government may set up a new budget account to manage spending linked to childcare funding reforms, the Nikkei business daily reported on Monday. Prime Minister Fumio Kishida has pledged to double childcare spending to reverse Japan’s dwindling birthrate, by making it easier for a both married couple to work and the…
By David Morgan, Jeff Mason and Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Joe Biden and House Republican Speaker Kevin McCarthy will meet to discuss the debt ceiling on Monday, after the two leaders held a phone call on Sunday as the president flew back to Washington that both sides described as positive. McCarthy, speaking to…
A look at the day ahead in U.S. and global markets from Mike Dolan. Well-choreographed brinkmanship over the debt ceiling standoff looks set to go down to the wire, while technology firms have once again become a battleground in tense geopolitics. Despite growing optimism last week about some bipartisan deal on lifting the U.S. debt…
By Gibran Naiyyar Peshimam ISLAMABAD (Reuters) – Pakistan’s military has struck back after an unprecedented challenge to its hegemony by the popular Imran Khan and his followers, but the nuclear-armed nation remains caught between its most powerful institution and the man who was once a firm ally. Khan’s arrest on corruption charges earlier this month,…
LONDON (Reuters) -There’s no shortage of events, data and high drama for markets in the days ahead. Wrangling over the debt ceiling in Washington continues, Greek voters head to the polls and data from the United States to China and Europe could show just how quickly inflation and economic growth are easing. Here’s a look…
By Yantoultra Ngui SINGAPORE (Reuters) – Malaysian tycoon Syed Mokhtar Al-Bukhary is looking at bringing in an investor into MMC Port Holdings – a deal that could value the country’s biggest port operator at more than 12 billion ringgit ($2.7 billion), two people with knowledge of the matter said. His conglomerate MMC Corp may sell…
MUMBAI (Reuters) -India’s economy could see risks to growth and inflation due to challenges in the country’s external sector and weather-related uncertainties, but domestic demand remains strong, the finance ministry said on Monday. “Going forward, several factors, such as weaker-than-expected oil supply, higher-than-anticipated demand from China, intensification of geo-political tension and unfavourable weather conditions,” may…
BEIJING (Reuters) – China’s foreign ministry on Monday urged the United States to have the right understanding of China, meet it halfway and bring bilateral relations back on track. Mao Ning, a ministry spokesperson, made the remarks in response to U.S. President Joe Biden suggesting that a shift in U.S.-China relations could occur soon. (Reporting…
By Elaine Lies and Yoshifumi Takemoto TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida is increasingly certain to call a snap election, perhaps within weeks, as domestic support surges after a G7 summit that drew a surprise visit by Ukraine’s president. While an election for parliament’s more powerful lower house is not due until 2025,…
