Category: Reuters
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European shares rise as tech, banks rebound By Reuters
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Written by Shashwat Chauhan and Jesús Calero (Reuters) – European shares rose on Monday, with banking and technology shares rebounding from last week’s losses after political uncertainty in France sent markets into a panic, while Danish insurer Topdanmark rose on a takeover bid by Sambo. By 0816 GMT, the euro…
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Currencies consolidate as dollar steadies, euro hangs near one-month low By Reuters
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Written by Brigid Riley TOKYO (Reuters) – The dollar rose on Monday as the euro hovered near the lowest level in more than a month amid political turmoil in Europe, while investors awaited new signs of the strength of the U.S. economy. Investors are weighing the risk of a budget…
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Australia’s Tabcorp appoints former AFL boss Gillon McLachlan as CEO By Reuters
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(Reuters) – Australian gambling services company Tabcorp Holdings on Monday appointed former Australian Football League (AFL) president Gillon McLachlan as its chief executive and managing director. The appointment comes months after former president Adam Rettenskilde resigned over allegations of using “offensive” and “inappropriate” language in the workplace and as the…
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Oil prices fall on weaker US consumer demand, China data By Reuters
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Written by Colin Howe and Mohi Narayan NEW DELHI (Reuters) – Oil prices fell in Asian trading on Monday after a survey on Friday showed weak US consumer demand and with crude production rising in May in China, the world’s largest crude importer. Global futures for August delivery fell 29…
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SK Group to protect affiliates from hostile takeover after chairman’s divorce ruling By Reuters
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Written by Joyce Lee SEOUL (Reuters) – South Korea’s SK Group Chairman Chi Tae-won said on Monday the group would prevent the outcome of his latest ruling on a divorce push from leaving SK companies vulnerable to a hostile takeover or other problems. The Seoul High Court ruled in late…
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Temasek to invest up to $198 million in Australian ETF manager Betashares By Reuters
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(Reuters) – Singapore-based investment firm Temasek Holdings said on Monday it will invest up to A$300 million (US$198.4 million) in Australian exchange-traded fund manager BetShares. The funding is expected to expand Betashares’ offering in Australia and overseas, it said in a statement. With this investment, Temasek will own an undisclosed…
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Yemen’s Houthis say they attacked two ships and American destroyer By Reuters
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CAIRO (Reuters) – Yemen’s Houthis said on Sunday they attacked two civilian ships along with a U.S. destroyer in the Red Sea and Arabian Sea in their latest effort to disrupt shipping in what they say is support for Palestinians in Gaza. The Houthi military spokesman, Yahya Saree, said in…
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Yemen’s Houthis say they attacked two ships and American destroyer By Reuters
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CAIRO (Reuters) – Yemen’s Houthis said on Sunday they attacked two civilian ships along with a U.S. destroyer in the Red Sea and Arabian Sea in their latest effort to disrupt shipping in what they say is support for Palestinians in Gaza. The Houthi military spokesman, Yahya Saree, said in…
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French election worries rekindle market memories of UK budget rout By Reuters
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By Yoruk Bahçeli and Dara Ranasinghe (Reuters) – As far-right and left-wing parties gain momentum ahead of snap parliamentary elections in France, putting pressure on President Emmanuel Macron’s centrist administration, investors are beginning to consider the risk of a budget crisis at the heart of the euro zone. The far-right…
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Retail stocks search for direction as rates stay high By Reuters
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Written by David Randall and Louis Krauskopf NEW YORK (Reuters) – Rising U.S. interest rates are weighing on the U.S. retail sector, with several companies’ stocks hurt by months of tight monetary policy while the shares of a few companies rose. The consumer discretionary distribution and retail index is up…
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China’s Wuhan Tianyu says inclusion on US sanctions list may impact forex transactions By Reuters
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BEIJING (Reuters) – Chinese information industry firm Wuhan Tianyu said on Sunday that the United States’ inclusion of it on the sanctions list was a “unilateral” act that could affect the data security company’s foreign exchange settlements. The US Treasury Department on Wednesday expanded sanctions aimed at curbing Russian military…
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Indonesia central bank intervenes to defend faltering rupiah By Reuters
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JAKARTA (Reuters) – Indonesia’s central bank has intervened in the foreign exchange market to defend the rupiah, the Indonesian central bank governor said on Friday, pledging to use monetary policy to stabilize the currency after it fell. to its lowest levels in four years against the dollar. The rupee fell…
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Election concerns in France give euro worst week in two months By Reuters
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Written by Karen Brettell (Reuters) – The euro is heading towards its biggest weekly decline against the dollar in two months on Friday, amid fears that a new government will worsen the financial situation in France with early parliamentary elections approaching. The yen hit its lowest level in six weeks…
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China views Taiwan’s ‘elimination’ as national cause, Taiwan president says By Reuters
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Written by Ben Blanchard and Ann Wang KAOHSIUNG, Taiwan (Reuters) – Taiwan President Lai Ching-te said on Sunday that China considers the annexation and “elimination” of Taiwan its major national issue, telling students at the First Military Academy that they should know their enemy and not surrender to him. Defeatism.…
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no props, muted microphones By Reuters
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Written by David Shepardson and Andrea Shalal WASHINGTON (Reuters) – The first U.S. presidential debate between incumbent Joe Biden and his Republican challenger, Donald Trump, on June 27 will include two commercial periods, without instruments and muted microphones except when it is recognized as speaking, CNN said on Saturday. In…
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UK polls point to ‘electoral extinction’ for Prime Minister Sunak’s Conservatives By Reuters
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By David Milliken LONDON (Reuters) – Three British opinion polls published late on Saturday presented a bleak picture for Prime Minister Rishi Sunak’s Conservative Party, with one pollster warning that the party faces “electoral extinction” in the July 4 election. The polls come in the middle of the election campaign,…
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China’s Premier Li arrives in Australia, says ties ‘back on track’ By Reuters
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Written by Kirsty Needham SYDNEY (Reuters) – Chinese Premier Li Qiang arrived in Australia on Saturday, saying relations were “back on track” at the start of the first visit by a Chinese premier to the major trading partner in seven years. Australia is “uniquely positioned to connect West and East”…
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China’s Premier Li arrives in Australia, says ties ‘back on track’ By Reuters
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Written by Kirsty Needham SYDNEY (Reuters) – Chinese Premier Li Qiang arrived in Australia on Saturday, saying relations were “back on track” at the start of the first visit by a Chinese premier to the major trading partner in seven years. Australia is “uniquely positioned to connect West and East”…
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The Dutchman who gets Nike and Lego into wartime Russia’s stores By Reuters
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By Tassilo Hommel, Gleb Stolyarov, Polina, Nikolskaya, and David Gauthier Villars Paris (Reuters) – Nike (NYSE:) stopped selling its sports apparel to Russia shortly after Moscow launched its all-out invasion of Ukraine more than two years ago. But that didn’t stop Footballstore.ru, an online sports retailer owned by Russian football…
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Exclusive-Vanguard vote switch helped pass Tesla CEO Elon Musk’s $56 billion pay package By Reuters
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Written by Ross Kerber (Reuters) – Vanguard, Tesla Inc. (NASDAQ:)’s largest outside investor, said it voted in favor of CEO Elon Musk’s $56 billion pay package, citing the company’s performance, which contributed to the record-breaking rankings being passed on Thursday. In a memo seen by Reuters, Vanguard said it voted…