DUBAI (Reuters) – Normalisation of ties between Saudi Arabia and Israel would harm regional peace and stability, Iran’s foreign ministry spokesperson Nasser Kanaani said on Monday. U.S. President Joe Biden said on Friday a deal may be on the way after talks that his national security adviser had with Saudi officials in Jeddah aimed at…
(Reuters) -The Bank of England is the last of the big central banks to meet before the summer break gets truly under way, but euro zone data, U.S. jobs numbers and rumblings in the China property sector will keep markets busy as the earnings season winds down. Here’s a look at the week ahead in…
By Martin Quin Pollard BEIJING (Reuters) – It’s been just over three weeks since China increased checks on Japanese food imports over radiation concerns, but Kazuyuki Tanioka is already fearful for the future of his upscale Beijing sushi restaurant. Like most restaurants in China, Tanioka’s eight-year-old Toya has struggled with years of COVID-19 restrictions, which…
MANILA (Reuters) – Philippine headline inflation was expected to ease for a sixth straight month with the central bank on Monday projecting the rate in July to come in between 4.1% and 4.9%, down from 5.4% in June. Ahead of the data release on Aug. 4, however, Bangko Sentral ng Pilipinas’ (BSP) Governor Eli Remolona…
By Amy Tennery AUCKLAND (Reuters) – Women’s World Cup upsets have put the four-times champions United States on notice, with a ticket to the knockout stages on the line when they face debutants Portugal in Auckland on Tuesday. On paper, it would appear that the top-ranked Americans should have every advantage over the Portugal team…
NAIROBI (Reuters) – Kenya’s government and opposition will set up a team which aims to resolve their differences, senior politicians from both sides said on Saturday, after a series of opposition protests over the cost of living and tax increases. Opposition coalition Azimio la Umoja (Declaration of Unity) held a number of protests earlier this…
By Heekyong Yang and Zoey Zhang SEOUL/SHANGHAI (Reuters) – Chinese battery materials firms are ramping up investment in South Korea, announcing projects worth at least $4.4 billion this year to try to meet U.S. electric vehicle (EV) tax credit rules aimed at lowering reliance on China’s supply chains. Five battery materials plants worth about 5.6…
By Leika Kihara TOKYO (Reuters) -Japanese companies are raising prices and wages at a pace not seen in the past, the Bank of Japan (BOJ) said on Monday, stressing the need to watch for signs that inflationary pressures were broadening. Price hikes have spread rapidly among Japanese companies and sectors that had previously been cautious…
By Summer Zhen and Carolina Mandl HONG KONG/NEW YORK (Reuters) – For all the excitement whipped up in China’s markets by the Politburo last week, foreign investors say policymakers’ words will have to be matched by substantive action to clean up an ailing property sector before confidence recovers. The sector accounts for a quarter of…
By Jibran Ahmad and Saud Mehsud DERA ISMAIL KHAN, Pakistan (Reuters) – At least 42 people were killed and over 130 injured when a suicide bomber set off explosives at a political rally in Pakistan’s northwestern Khyber Pakhtunkhwa province on Sunday, police and rescue officials said. The blast took place at a gathering of the…
