By Caroline Valetkevitch NEW YORK (Reuters) – Global equity indexes rose sharply on Friday, with Wall Street rallying after a jump in Netflix and Alphabet shares, while the U.S. dollar had its biggest daily percentage gain against the yen in about two weeks as the Bank of Japan governor repeated the central bank will maintain …
Stocks rally with Netflix; dollar jumps vs yen after BOJ governor remarks Read More »
By Laila Kearney NEW YORK (Reuters) -Oil settled up about $1 a barrel on Friday and notched a second straight weekly gain as China’s economic prospects brightened, boosting expectations for fuel demand in the world’s second-biggest economy. China’s lifting of COVID-19 restrictions should bring global demand to a record high this year, the International Energy …
Oil settles up more than 1% on China demand outlook, second weekly gain Read More »
By Asif Shahzad ISLAMABAD (Reuters) – Russia could start exporting oil to energy-starved Pakistan after March if terms are agreed, and is discussing with Islamabad whether payment could be made in the currencies of “friendly” countries, Russia’s energy minister said on Friday. Pakistan has been battling a balance of payment crisis with foreign exchange reserves …
Pakistan could start importing Russian oil after March Read More »
KABUL (Reuters) – U.N. Deputy Secretary-General Amina Mohammed expressed alarm to Taliban officials in Kandahar over violations of women’s rights in Afghanistan, the United Nations said on Friday after she made a rare visit to the Taliban’s southern heartland. Mohammed finished a four-day visit to Afghanistan on Friday, also meeting Taliban officials in the capital …
Deputy U.N. chief pushes women’s rights during visit to Taliban heartland Read More »
By Seher Dareen (Reuters) – Gold prices edged lower on Friday as the dollar firmed, although hopes of slower rate hikes from the U.S. Federal Reserve kept bullion on track for its fifth straight weekly gain. Spot gold fell 0.2% to $1,928.06 per ounce by 1:49 p.m. ET (1849 GMT), after rising to its highest …
Gold eases as dollar ticks up, but set for fifth weekly rise Read More »
By Sethuraman N R BENGALURU (Reuters) -Reliance Industries Ltd on Friday reported a bigger-than-expected drop in quarterly profit as India’s biggest company by market valuation took a hit from the government’s windfall tax on fuel exports. The taxes were levied on exports of gasoline, diesel and aviation fuels midway last year, halting the momentum in …
India’s Reliance Industries misses profit view on windfall tax Read More »
By Minh Nguyen and Thinh Nguyen HANOI (Reuters) – As China, Japan and other East Asian countries prepare to celebrate the start of the Lunar Year of the Rabbit on Sunday, the people of Vietnam will be an exception – welcoming instead the Year of the Cat. There is no official explanation for when and …
Year of the Rabbit? Not so fast! Vietnam’s Lunar New Year to celebrate the cat Read More »
By Elaine Lies TOKYO (Reuters) – Japanese supermarket owner Hiromichi Akiba has built his bustling business through close ties with his neighbourhood – the reason, he says, he can’t make the price hikes on his wares that would allow him to give his workers a pay rise. Steep price increases on surging raw materials costs …
In a Tokyo supermarket, signs of struggle for Japanese business Read More »
By Sam Tobin LONDON (Reuters) -A Uyghur rights group’s legal challenge against the British government for not investigating the import of cotton produced in the Chinese region of Xinjiang was dismissed by a London court on Friday. The World Uyghur Congress (WUC), an international organisation of exiled Uyghur groups, had taken legal action at London’s …
Uyghur rights group fails in legal challenge against UK government Read More »
By Brenda Goh and Lananh Nguyen DAVOS, Switzerland (Reuters) – China’s declaration that it is open for business was welcomed by attendees at the World Economic (WEF) as a likely boost to global growth, though many also expressed caution over how it could drive up global COVID-19 cases and inflation. The topic of China’s reopening …
Davos 2023: China reopening? Good for growth, but tread with caution Read More »
