Category Archives:
Cost-of-living crisis driving ‘breathtaking’ surge in extreme poverty – UNDP
By Marc Jones LONDON (Reuters) - The global cost-of-living crisis is pushing an additional 71 million people in the world's poorest countries into extreme poverty, a new report published by the U.N. D...
Jul 06, 2022
China’s Xiaomi produces first smartphones in Vietnam
HANOI (Reuters) - China's Xiaomi Corp has produced its first batch of smartphones in Vietnam, the company said on Thursday, as it seeks to expand its foothold in Southeast Asia. The devices were produ...
Jul 06, 2022
Australia’s Crown Resorts names Wynn Macau COO as top boss
(Reuters) - Australian casino operator Crown Resorts on Thursday said Ciarn Carruthers, chief operating officer at Wynn Macau, would succeed Steve McCann as its chief executive in September. Crown was...
Jul 06, 2022
Stocks in the doldrums as euro founders on recession fears
By Tom Westbrook SINGAPORE (Reuters) - The euro huddled at a two-decade low on Thursday and oil nursed losses as investors fretted about a looming recession, while equities were caught between growth ...
Jul 06, 2022
Indonesia’s FX reserves rise to $136.4 billion at end-June
JAKARTA (Reuters) - Indonesia's foreign exchange reserves increased to $136.4 billion in June, equivalent to 6.6 months worth of imports and up from $135.6 billion a month earlier, the central bank sa...
Jul 06, 2022
Euro hovers near 20-year low on recession worries
By Kevin Buckland TOKYO (Reuters) - The euro hovered near a two-decade low against the dollar on Thursday as Europe's energy woes cast a long shadow over the economic outlook. The euro was about flat ...
Jul 06, 2022
Merck in advanced talks to buy Seagen in $40-billion deal – WSJ
(Reuters) - Drugmaker Merck & Co is in advanced talks to buy cancer-focused biotech company Seagen Inc in a deal that could be worth roughly $40 billion or more, the Wall Street Journal reported on We...
Jul 06, 2022
Exxon delivers first sustainable aviation fuel cargo to Singapore Changi Airport
SINGAPORE (Reuters) - Exxon Mobil Corp said on Thursday it has delivered the first sustainable aviation fuel (SAF) cargo to Changi Airport, as part of a one-year pilot programme to test the new fuel f...
Jul 06, 2022
Sri Lanka cenbank raises rates to contain record high inflation
COLOMBO (Reuters) - The Central Bank of Sri Lanka (CBSL) raised its key rates by a full percentage point on Thursday to tackle record high domestic inflation and to contain any build-up of adverse inf...
Jul 06, 2022
S&P revises state-owned Mexican oil firm Pemex’s outlook to stable
(Reuters) - S&P Global Ratings revised on Wednesday the outlook for Mexico's state-oil firm Pemex to stable from negative, after it reviewed Mexico's long-term outlook. According to the rating agency,...
Jul 06, 2022
Peoria, IL, USA
38 °F Partly cloudy
