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General view of oil tanks and the Bayway Refinery of Phillips 66 in Linden, New Jersey, U.S., March 30, 2020.

Oil prices pick up on prospect of US replenishing strategic reserve

Yuka Obayashi |Updated 35 minutes ago |2 min read

By Yuka Obayashi TOKYO (Reuters) - Oil prices rose on Thursday on the prospect the U.S. may start buying crude for its petroleum reserve, after prices sank to a seven-week low on hopes for an Israel-Gaza ceasefire, doubts about U.S. interest rate ...

A labourer works at the main factory of Hyundai Motor in Ulsan, about 410 km (256 miles) southeast of Seoul, in this July 13, 2012 file photo.

S.Korea factory activity shrinks in April, but optimism about outlook ticks up

Jihoon Lee |Updated 57 minutes ago |2 min read

By Jihoon Lee SEOUL (Reuters) - South Korea's factory activity contracted again in April, but manufacturers' optimism climbed to the highest level in nearly two years as output and orders managed to post marginal growth, a private-sector survey ...

A man walks past the Bank of Japan building in Tokyo, Japan March 18, 2024.

Many in BOJ board saw need for yields to be set by markets, minutes show

Leika Kihara |Updated 7 minutes ago |1 min read

TOKYO (Reuters) - Many Bank of Japan board members agreed the country's long-term interest rates should be set by markets, with some saying the central bank should at some point slow the pace of bond buying, minutes of their March policy meeting ...

A huge electric stock quotation board is seen inside a building in Tokyo, Japan, December 30, 2022.

Asia stocks wobble on rate cut delays; yen leaps

Reuters |Updated 1 hour ago |3 min read

SINGAPORE (Reuters) - Asian stocks got off to a shaky start on Thursday after the Federal Reserve flagged delays to interest rate cuts, while the dollar fell heavily on the yen in what traders reckoned was Japanese intervention. Oil fell sharply ...

The skyline with its financial district is photographed on early evening in Frankfurt, Germany, October 5, 2018.

Germany hit hard as foreign investment falls in Europe, EY survey shows

Mark John |Updated 2 hours ago |2 min read

By Mark John LONDON (Reuters) - Foreign direct investment (FDI) into Europe fell 4% last year, with Germany seeing a sharp 12% drop in projects amid concern over its economic slowdown and energy security, a survey by professional services group ...

An office worker eats his lunch at a convenience store in Seoul, South Korea, June 24, 2022. Picture taken June 24, 2022.

South Korea consumer inflation eases to 2.9% in April

Reuters |Updated 27 minutes ago |1 min read

SEOUL (Reuters) -South Korea's consumer inflation eased in April for the first time in three months, official data showed on Thursday, coming in lower than economists' estimates and supporting market expectations for monetary easing in the latter ...

People walk past a Woolworths supermarket in Sydney, Australia, June 16, 2020. Picture taken June 16, 2020.

Woolworths flags customer caution amid sales slowdown and cost-of-living pain

Reuters |Updated 7 minutes ago |2 min read

(Reuters) -Australia's Woolworths warned of continued caution among consumers and cost-of-living pressures on Thursday, even as inflation moderated, as the supermarkets operator faced a slowdown in sales from its biggest segment, Australian Food. ...

An employee inside the casino prepares for the opening of MGM Cotai in Macau, China February 13, 2018.

Casino Operator MGM beats first-quarter estimates on strength in Macau business

Anandita Mehrotra |Updated 2 hours ago |2 min read

By Anandita Mehrotra (Reuters) - MGM Resorts International beat first-quarter Wall Street estimates on Wednesday, driven by strength in its China operations as the casino operator continues to benefit from easing post-pandemic entry restrictions.

A DBS bank signage is pictured in Singapore September 5, 2017.

DBS sees net profit rising this year after Q1 beats forecasts

Reuters |Updated 7 minutes ago |2 min read

By Yantoultra Ngui SINGAPORE (Reuters) -Singapore's biggest bank DBS Group expects its net profit to grow this year, it said on Thursday, after posting a 15% rise in first quarter net profit that beat expectations, driven by strong total income ...

SaltWire

Allstate tops profit estimates on higher premiums, investment returns

Reuters |Updated 3 hours ago |1 min read

(Reuters) - Insurer Allstate posted an upbeat first-quarter profit on Wednesday, helped by higher premiums and stronger investment returns. Insurers usually see stable product demand irrespective of economic conditions, mainly due to the ...

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