Business
Oil prices pick up on prospect of US replenishing strategic reserve
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 ...
S.Korea factory activity shrinks in April, but optimism about outlook ticks up
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 ...
Many in BOJ board saw need for yields to be set by markets, minutes show
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 ...
Asia stocks wobble on rate cut delays; yen leaps
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 ...
Germany hit hard as foreign investment falls in Europe, EY survey shows
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 ...
South Korea consumer inflation eases to 2.9% in April
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 ...
Woolworths flags customer caution amid sales slowdown and cost-of-living pain
(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. ...
Casino Operator MGM beats first-quarter estimates on strength in Macau business
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.
DBS sees net profit rising this year after Q1 beats forecasts
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 ...
Allstate tops profit estimates on higher premiums, investment returns
(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 ...