By David Brunnstrom and Simon Lewis WASHINGTON (Reuters) – Washington hopes to rally Southeast Asian nations to take tougher action against Myanmar’s military junta and to push back on China’s actions in the South China Sea as top U.S. diplomat Antony Blinken heads to the region for meetings next week, a State Department official said…
LONDON (Reuters) – More than 40 aviation leasing firms, locked in a battle with insurers over who should bear up to $10 billion in costs for 400 jets stuck in Russia, are urging the High Court to allow a reinsurance dispute to be heard in London, not Moscow. Lessors have not received any insurance payments…
By Shreyashi Sanyal (Reuters) -European shares eked out gains on Friday as data pointing to slowing U.S. job growth eased concerns about interest rate hikes by the Federal Reserve but did little to change the main STOXX 600 index’s worst weekly showing in almost four months. The STOXX 600 rose 0.1% by 1615 GMT, turning…
(Reuters) – Decades-high inflation and the impact of war in Ukraine have forced companies across Europe into lay-offs or hiring freezes. Here are some of the companies that have announced cuts since January: AUTOS * AUTOLIV: the Swedish airbag and seatbelt maker said on June 8 it plans to cut around 8,000 jobs, which equates…
A look at the day ahead in U.S. and global markets from Mike Dolan The seeming serenity of June markets has finally been broken by summer storms as a blistering selloff in bonds snowballed following news of buoyant U.S. job creation last month that stiffens expectations for more interest rate rises. A trio of U.S….
PARIS (Reuters) – Record demand from India sharply increased Airbus orders in June to leave the European planemaker with 1,044 net orders in the first half of the year, data showed on Friday. In a bulletin, Airbus officially booked orders for 500 jets from budget carrier IndiGo and 250 from Air India that were announced…
A look at the day ahead in European and global markets from Tom Westbrook Bond markets are in a world of pain, with yields catapulted to decade highs across developed markets. The trigger is not immediately clear, selling having begun before private U.S. payrolls data landed on Thursday, but the momentum has stopped out those…
NEW DELHI/LONDON (Reuters) – Freedom of expression cannot be used for “legitimising violence”, India said on Thursday in response to media reports citing comments by Canada’s prime minister on Ottawa’s handling of supporters of a separate state for the Sikh community. India summoned the Canadian envoy in New Delhi to register its protest after Indian…
By Herbert Lash NEW YORK (Reuters) -The dollar eased after a brief rebound on Thursday as data showing the U.S. labor market remains strong increased chances the Federal Reserve will raise interest rates later this month. Private payrolls surged in June in the biggest rise since February 2022, an ADP National Employment report showed, while…
By Stephanie Kelly NEW YORK (Reuters) -Oil prices were near flat on Thursday as the market weighed tighter U.S. crude supplies with the higher likelihood of a U.S. interest rate hike that could dent energy demand. Brent crude futures settled 13 cents lower at $76.52 a barrel, after a 0.5% gain the previous day. U.S….
