A look at the day ahead in U.S. and global markets from Mike Dolan If the Federal Reserve needs more information on what to do for its next move on interest rates, relentless stress in regional bank shares again this week may yet figure highly. As the Fed delivered what markets assume will be the…
HONG KONG (Reuters) -Hong Kong’s March retail sales rose 40.9% from a year earlier, the second biggest percentage rise on record, as consumer and visitor spending continued to improve, though the low base of comparison also contributed, government data showed on Thursday. Sales increased to HK$33.6 billion ($4.28 billion) in a fourth consecutive month of…
By Khalid Abdelaziz, Sarah El Safty and Nafisa Eltahir KHARTOUM/CAIRO (Reuters) – The conflict shaking Sudan has dealt a crippling blow to the heart of the country’s economy in the capital Khartoum, as well as disrupting internal trade routes, threatening imports and triggering a cash crunch. Across swathes of the capital factories, banks, shops and…
(Reuters) – Russia plans to relaunch the multi-sport Friendship Games next year, 40 years after its first edition, Sports Minister Oleg Matytsin has told President Vladimir Putin. Matytsin said the event would be held after the Paris Olympics, which will run from July 26-Aug. 11 next year. “We propose to intensify the practice of holding…
By Ariba Shahid KARACHI (Reuters) -The International Monetary Fund (IMF) is preparing to discuss Pakistan’s budget plans for the coming financial year as part of a process to unlock a crucial financing injection for the cash-strapped nation, the IMF’s country mission chief said. An IMF review of the budget presents a fresh hurdle before the…
By Duncan Miriri MALINDI, Kenya (Reuters) – Kenyan cult leader Paul Mackenzie lived with hundreds of followers in makeshift homes of polythene sheeting and thatch in a remote forest camp that he divided into areas with biblical names like Jerusalem and Judea, relatives of his adherents say. He told them the world as they knew…
(Reuters) -Russia fired two dozen combat drones at Ukraine early on Thursday, striking a university campus in the Black Sea city of Odesa and attacking the capital Kyiv for the third time in four days. Russia has stepped up attacks as Ukraine prepares for a counteroffensive to try to retake Russian-occupied land in the south…
By Elizabeth Piper and Viktoriia Lakezina KHERSON, Ukraine (Reuters) – It was a warning by her daughter that persuaded Alina Fil to leave her home in the southern Ukrainian city of Kherson early on Thursday after another night of Russian shelling. Fil was one of dozens of Kherson residents who headed to the local bus…
BEIJING (Reuters) – China said on Thursday “high vigilance” was needed in the face of NATO’s “eastward expansion” following a media report the alliance is planning to set up an office in Japan to facilitate consultations with allies in the region. NATO is planning to open its first liaison office in Asia, in Japan, to…
By Dawit Endeshaw ADDIS ABABA (Reuters) -The U.N. World Food Programme has paused food distribution in Ethiopia’s war-ravaged Tigray region in response to reports that significant amounts of aid were being diverted, the agency said. The announcement follows a similar one by the U.S. Agency for International Development, which said on Wednesday it had discovered…
