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By Florence Tan SINGAPORE (Reuters) – Oil prices rose in early Asian trade on Monday after a failed mutiny by Russian mercenaries over the weekend raised concerns about political instability in Russia and the potential impact on oil supply from one of the world’s largest producers. Brent crude futures rose 95 cents, or 1.3%, to…
KHARTOUM (Reuters) -Sudan’s warring military factions are restarting ceasefire talks sponsored by the United States and Saudi Arabia, Al Arabiya TV reported on Tuesday, as they clashed by air and on the ground in the capital Khartoum. The fighting between the army and paramilitary Rapid Support Forces, now in its eighth week, has caught civilians…
By Max Hunder NEAR KREMINNA, Ukraine (Reuters) – The artillerymen of Ukraine’s 67th infantry brigade are delighted with the U.S.-supplied M119 howitzer amid an increase in military exchanges south of the Russian-held town of Kreminna. The men now stationed in Ukraine’s northeast have been redeployed from positions around the devastated town of Bakhmut – encircled…
(Reuters) – Chinese gaming and social media company Tencent Holdings Ltd on Wednesday sold a stake worth $3.01 billion in Singapore-based gaming and e-commerce firm Sea Ltd. Tencent sold 14.5 million shares in Sea Ltd at $208 each in a block trade, according to a term sheet reviewed by Reuters. It had said on Tuesday…
MILAN (AP) — Luxury spending is growing faster than ever, fueled by pent-up pandemic demand and shifting demographics as younger, more diverse consumers buy into tiny handbag and post-streetwear trends, according to a study released Tuesday. Global sales of personal luxury goods including leather accessories, apparel, footwear, jewelry and watches are expected to grow by…
(Reuters) -The U.S. Federal Deposit Insurance Corporation (FDIC) set in motion the sale of an $18.5 billion loan portfolio from Signature Bank this week, a set of loans linked to major private equity and investing firms, according to the regulator’s website. The portfolio comprises 201 performing capital-call loans tied to Starwood Capital Group, Carlyle Group,…
By Kanishka Singh WASHINGTON (Reuters) -The U.S. Congressional Budget Office said on Tuesday its budget deficit projections would be reduced by about $1.5 trillion over the next 10 years if the debt ceiling bill now up for a vote in Congress were enacted in its present form. The projection comes following the debt ceiling deal…
By Hannah Lang (Reuters) -Cryptocurrency exchange Coinbase on Thursday beat estimates for third-quarter revenue, but saw trading volumes decline for the second quarter in a row, sending shares of the company down in after-hours trading. Trading volumes at the crypto exchange in the third quarter came in at $11 billion, compared with $26 billion a…
By Swati Bhat and Siddhi Nayak MUMBAI (Reuters) – Food price spikes in India, typical at the onset of the monsoon, drove up headline inflation in June, corroborating the monetary policy committee’s (MPC) view that the fight against inflation is far from over, the Reserve Bank of India said on Monday. “Monetary policy has to…
By Stephen Culp NEW YORK (Reuters) – U.S. stocks lost ground on Monday as a lack of catalysts left market participants warily embarking on a week back-end loaded with crucial inflation data and the unofficial beginning to second-quarter earnings season. Market leading growth stocks pulled all three major U.S. stock indexes into negative territory, with…
