Tuesday, June 18, 2019
Home Blog Page 3
SYDNEY (Reuters) - Growth in Australia’s economy picked up only modestly last quarter but the annual pace braked to the slowest in a decade, cementing the case for further easing in monetary policy and more stimulus from the government. The gross domestic product (GDP) figures out on Wednesday showed the A$1.9 trillion ($1.3 trillion) economy expanded 0.4% in the three...
SINGAPORE (Reuters) - Oil prices fell more than 1% on Monday, extending losses of over 3% from Friday, when crude markets slipped to their biggest monthly losses in six months amid stalling demand and as trade wars fanned fears of a global economic slowdown. Front-month Brent crude futures were at $61.12 at 0444 GMT. That was 87 cents, or 1.4%,...
BENGALURU (Reuters) - India’s manufacturing sector expanded at its quickest pace in three months in May on improved output and new orders, according to a private business survey which also showed a pick up in hiring. The survey found increased optimism about manufacturing activity over the coming year, probably helped as Prime Minister Narendra Modi scored a dramatic election victory...
SEOUL (Reuters) - Former partners and rivals of Jet Airways Ltd are launching replacement routes and looking for new codeshare partners as they scramble to fill a lucrative gap left by the collapse of India’s once-largest international airline. Jet, which halted operations on April 17 after running out of cash, had a market share of around 12 percent on international...
DUBAI (Reuters) - Iran on Friday rejected what it called “baseless” accusations made at an Arab summit, saying Saudi had joined the United States and Israel in a “hopeless” effort to mobilise regional opinion against Tehran, state media reported. Saudi Arabia’s king told an emergency Arab summit that decisive action was needed to stop Iranian “escalations” in the region following...
(Reuters) - Italian side Inter Milan have appointed Antonio Conte as the club’s new coach to replace Luciano Spalletti, the Serie A club announced on Friday. Conte, who previously coached sides including Juventus, Chelsea and the Italian national team, had been out of work since parting ways with Chelsea in 2018. “A new chapter in my life is beginning, I’m really...
MECCA, Saudi Arabia (Reuters) - Saudi Arabia’s king told an emergency Arab summit on Friday that decisive action was needed to stop Iranian “escalations” in the region following attacks on Gulf oil assets, as American officials said a U.S. military deployment had deterred Tehran. A Gulf Arab statement and a separate communique issued after the wider summit supported the right...
TOKYO (Reuters) - Asian stocks tracked Wall Street losses on Thursday as the latest exchanges between Beijing and Washington signalled the heightened risk of a prolonged trade war, stoking investors’ concerns about the impact on global economic growth. European stock futures were higher in early trade, trimming some losses after falling sharply the previous day. The pan-region Euro Stoxx 50...
ANAHEIM, California (Reuters) - Chewbacca climbed into the cockpit of the Millennium Falcon and fireworks flew overhead as Walt Disney Co dedicated its new “Star Wars” section at California’s Disneyland Resort on Wednesday. “Chewie, let’s fire up the Falcon!” Mark Hamill, the actor who played Luke Skywalker, said at an evening ceremony in the 14-acre area now called Star Wars:...
SHIZUOKA, Japan (Reuters) - Bank of Japan policymaker Makoto Sakurai warned against “recklessly” ramping up stimulus just to prop up prices, blaming soft inflation on structural factors that were positive for the economy. Sakurai said the BOJ’s attempt to hit its 2 percent target has been hampered by companies’ efforts to boost productivity, as they cope with labor shortages by...

MOST POPULAR

HOT NEWS