By Stefanno Sulaiman and Fransiska Nangoy JAKARTA (Reuters) -Indonesia’s April trade surplus came in slightly bigger than expected, even as exports and imports plunged amid declining prices of its main commodities like palm oil, coal and nickel. The recovery of Southeast Asia’s largest economy from pandemic lows has been fuelled by a global commodity boom,…
By Orhan Coskun, Ece Toksabay and Ali Kucukgocmen ANKARA (Reuters) -Turkey headed for a runoff vote after President Tayyip Erdogan led over his opposition rival Kemal Kilicdaroglu in Sunday’s election but fell short of an outright majority to extend his 20-year rule of the NATO-member country. Neither Erdogan nor Kilicdaroglu cleared the 50% threshold needed…
By Leika Kihara TOKYO (Reuters) -Japan’s wholesale inflation slowed for a fourth straight month in April as rises in raw material costs moderated, data showed on Monday, suggesting that consumer inflation will begin to ease back towards the central bank’s 2% target. The data may diminish market expectations that broadening inflationary pressure will prod the…
SHANGHAI/SINGAPORE (Reuters) -China’s central bank rolled over maturing medium-term policy loans while keeping the interest rate unchanged on Monday, as expected, but markets expect monetary easing may be inevitable in the coming months to support the economic recovery. The People’s Bank of China (PBOC) said it was keeping the rate on 125 billion yuan ($18.08…
By Jyoti Narayan and David French (Reuters) -ONEOK Inc agreed on Sunday to buy U.S. pipeline operator Magellan Midstream Partners in a cash-and-stock deal valued at about $18.8 billion including debt, bringing natural gas-focused ONEOK into transporting refined products and oil. ONEOK will pay $25 and 0.6670 shares of ONEOK common stock for each outstanding…
By Panu Wongcha-um and Panarat Thepgumpanat BANGKOK (Reuters) -Thailand’s opposition secured a stunning election win on Sunday after trouncing parties allied with the military, setting the stage for a flurry of deal-making over forming a government in a bid to end nearly a decade of conservative, army-backed rule. The liberal Move Forward party and the…
By Laura Sanicola NEW YORK (Reuters) – Oil prices settled more than 1% lower on Friday, falling for the fourth consecutive week, as the market balanced supply fears against renewed economic concerns in the United States and China. Brent crude futures settled down 81 cents, or 1.1%, to $74.17 while West Texas Intermediate (WTI) U.S….
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Major economic data from China and Japan, and a central bank rate decision from the Philippines could be the main regional drivers for Asian markets this week, with investors growing increasingly nervous about the U.S. and global macro…
(Reuters) -Activist investor Engaged Capital is planning a proxy fight for three board seats at high-end burger chain Shake Shack, the Wall Street Journal reported on Sunday, citing people familiar with the matter. Including swaps, Engaged has a roughly 6.6% stake in the chain, the report said. The U.S.-based shareholder activist has determined ways to…
By Scott Murdoch and Melanie Burton SYDNEY (Reuters) -Australian gold miner Newcrest Mining Ltd said on Monday it would back Newmont Corp’s A$26.2 billion ($17.8 billion) takeover offer in one of the world’s largest buyouts so far this year. The deal, subject to approval from shareholders of both companies and other regulatory hurdles, would lift…
