By Yoshifumi Takemoto and Leika Kihara TOKYO (Reuters) – Core inflation in Japan’s capital slowed in July but remained well above the central bank’s 2% target, data showed on Friday, keeping pressure on policymakers to dial back ultra-loose monetary policy. The data for Tokyo, which is seen as a leading indicator of nationwide trends, comes…
By Andrew Chung and John Kruzel WASHINGTON (Reuters) – President Joe Biden’s administration on Thursday asked the U.S. Supreme Court to reinstate a regulation aimed at reining in so-called ghost guns, or privately made firearms that are difficult for law enforcement to trace, after it was struck down by a lower court. The administration asked…
By Chiara Elisei LONDON (Reuters) – Corporate credit quality is weaker than financial markets currently price in, while defaults are likely to pick up in the second half of the year, a report by Janus Henderson Investors said on Friday. Indicators such as debt loads, access to capital markets, cash flow and earnings continued to…
SEOUL (Reuters) – South Korea’s factory production fell more than expected in June, official data showed on Friday, as automobile and petroleum production dropped. The industrial output index fell 1.0% in June on a seasonally adjusted monthly basis, after a 3.0% jump in May, according to Statistics Korea. It was faster than the 0.3% fall…
By Catarina Demony (Reuters) – Representatives from various African and Caribbean entities joined forces at a historic event this week in the capital of Barbados, Bridgetown, to demand reparations for slavery and its legacy in today’s society. The University of the West Indies (UWI), the Economic, Social and Cultural Council of the African Union (AU),…
By Jonathan Stempel (Reuters) – A federal judge on Thursday dismissed a lawsuit accusing Kraft Heinz & Co of misleading consumers by promising it takes only 3-1/2 minutes to prepare a cup of microwavable Velveeta macaroni and cheese. U.S. District Judge Beth Bloom in Miami said consumer Amanda Ramirez lacked standing to pursue the proposed…
By Ellen Zhang and Marius Zaharia BEIJING/HONG KONG (Reuters) – Cola Yao earns 40% less than last year promoting credit cards for a Chinese state-owned bank, so she buys fewer clothes, less make-up and has cancelled her child’s summer swimming classes. “The cut is severely affecting my life in every aspect,” said Yao. The unexpected…
By Nellie Peyton (Reuters) – Niger’s regional and international partners are scrambling to respond to a military coup which political analysts say could have grave consequences for democratic progress and the fight against an insurgency by jihadist militants in West Africa. Here is what is at stake. ‘ONLY HOPE’ FOR STABILITY IN SAHEL Niger became…
By Max A. Cherney, Chavi Mehta and Stephen Nellis (Reuters) -Chipmaker Intel on Thursday posted a surprise quarterly profit as a PC market slump started to ease, and forecast third-quarter earnings above Wall Street expectations, sending its shares up about 6%. The market for personal computers has tumbled over the past year, with inventory piling…
By Rajesh Kumar Singh CHICAGO (Reuters) -American Airlines’ pilots union on Thursday said it has reached an agreement in principle with the company on enhancements to a new labor contract that would bring it in line with the gains for aviators at rival United Airlines. The union had asked for improvements to the tentative contract…
