TOKYO (Reuters) – Japan may expand a subsidy programme for gasoline and other fuels among measures under consideration to ease soaring energy costs, the industry minister said on Sunday. The measure will be part of a fresh relief package which Japanese Prime Minister Fumio Kishida ordered his cabinet last Tuesday to put together by the…
(Reuters) – U.S. bond funds attracted net inflows in the week to June 1, after five months of outflows, as fears eased over the Federal Reserve’s aggressive monetary tightening measures and signs emerged that inflation may have peaked. According to Refinitiv Lipper data, investors purchased U.S. bond funds worth a net $7.09 billion in their…
By Granth Vanaik (Reuters) – Abercrombie & Fitch Co on Wednesday posted a surprise quarterly profit and lifted its full-year sales forecast, as the clothing retailer banks on its efforts to fill shelves with in-demand goods, sending its shares up as much as 29%. The apparel retailer has worked to increase its stock across all…
(Reuters) – Pakistan’s central bank governor said on Friday that the country’s inflation is expected to start decelerating over the next few months. “And with the revival of the IMF program, the uncertainty regarding external financing will also fade away,” central bank governor Jameel Ahmad said in a statement from the State Bank of Pakistan….
By Hilary Russ NEW YORK (Reuters) -Starbucks should hire a law firm that is not hostile to labor unions as the coffee chain – under increasing scrutiny for its treatment of unionized employees – begins an outside assessment of its labor practices, four shareholders said in a letter on Thursday. The shareholders, including Trillium Asset…
MOSCOW (Reuters) – OPEC+, the group of leading oil-producing countries, is important for providing stability on global energy markets, Kremlin spokesman Dmitry Peskov said on Monday, a day after the group met. OPEC+ pumps around 40% of the world’s crude and has put in place cuts of 3.66 million barrels per day, amounting to 3.6%…
DUBAI (Reuters) -Egyptian President Abdel Fattah al-Sisi and Ethiopian Prime Minister Abiy Ahmed on Thursday agreed on initiating urgent negotiations to finalize an agreement between Egypt, Ethiopia and Sudan on the filling of the Grand Ethiopian Renaissance Dam (GERD) and the rules of its operations, a joint statement said. The statement mentioned the two leaders…
By Marta Nogueira RIO DE JANEIRO (Reuters) – Public prosecutors in the Brazilian state of Minas Gerais have filed a lawsuit against AngloGold Ashanti seeking 50 million reais ($9.91 million) in damages after the gold mining company allegedly withheld expert advice from authorities indicating a lack of stability in one of its dams, according to…
By Jack Queen FORT PIERCE, Florida (Reuters) -An aide to Donald Trump pleaded not guilty on Thursday to additional federal charges that accused him of misleading investigators who were trying to recover classified documents that the former president took with him when he left office. Trump’s valet Walt Nauta pleaded not guilty to charges of…
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) -Netflix Inc said on Thursday it will introduce a streaming plan with advertising for roughly $7 per month in November, a move to attract new subscribers after the company lost customers in the first half of the year. The $6.99 cost for the “Basic with Ads”…
