By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar fell for a third straight day on Tuesday, pulling back from a two-decade high against a basket of major peers, as an uptick in investors’ appetite for riskier bets diminished the U.S. currency’s appeal. Upbeat earnings views from Home Depot and United Airlines along with optimism …
BEIJING (Reuters) -A China Southern Airlines spokesperson said on Tuesday the delivery timetable for Boeing Co 737 MAX jets was not confirmed, after the company’s chairman last week gave investors fleet plans through 2024 that did not include the MAX. Rivals China Eastern and Air China have refrained recently from providing a timetable but China …
China Southern says delivery timetable for Boeing 737 MAX jets not confirmed Read More »
(Reuters) -E-commerce group JD.com Inc beat estimates for quarterly revenue as more people shopped on its platform following COVID lockdowns in China, but its CEO was cautious on the outlook due to logistical disruptions and sluggish consumption. The resurgence of COVID-19 in the world’s second-largest economy in March and the strict lockdowns it has taken …
JD.com beats revenue estimates but CEO cautious over COVID outbreaks Read More »
(Reuters) – Elon Musk said on Tuesday his deal for Twitter Inc will not move forward until the company’s chief executive officer publicly shows the proof that it has less than 5% spam accounts. (Reporting by Shubham Kalia in Bengaluru; Editing by Rashmi Aich)
By Bernadette Christina and Heru Asprihanto JAKARTA (Reuters) -Hundreds of Indonesian smallholder farmers staged a protest on Tuesday in the capital Jakarta and in other parts of the country, demanding the government end a palm oil export ban that has slashed their incomes. Indonesia, the world’s top palm oil exporter, on April 28 halted shipments …
Indonesian farmers protest against rising cost of palm oil export ban Read More »
By Bernadette Christina and Fransiska Nangoy (Reuters) – Indonesia, the world’s biggest palm oil exporter, has since April 28 halted shipments of the edible oil in a bid to flood the domestic market with supplies to control the soaring prices of cooking oil. Despite these tough policies that have rattled edible oil markets and cost …
Why Indonesia’s palm oil export ban has not cooled cooking oil prices Read More »
BEIJING (Reuters) – The economy of China’s capital Beijing took a hit in April as authorities wrestled with a new COVID outbreak, telling residents to avoid going out or work from home and halting many businesses. Retail sales in the city of nearly 22 million people, a key gauge of consumption, shrank 16.05% in April …
Beijing’s retail, industry upended by COVID restrictions Read More »
TOKYO (Reuters) – Japan said on Tuesday it would start conducting “test tourism” in the form of limited package tours in May as a way of gathering information prior to a full re-opening of the country to tourism. Though tourism was a major pillar of Japan’s economy, tourists have not been permitted to enter since …
Japan to allow limited tour groups from May as step to full re-opening Read More »
By Karin Strohecker, Ezgi Erkoyun and Sarah El Safty LONDON/ISTANBUL/CAIRO (Reuters) – Like for millions of people in developing and emerging market countries around the world, shopping for staple foods has turned from a necessity into a luxury for Selcuk Gemici. The 49-year-old, who works in an auto repair shop in Turkey’s largest city Istanbul …
Analysis: Food inflation pain puts emerging markets between rock and hard place Read More »
By Gayatri Suroyo and Stefanno Sulaiman JAKARTA (Reuters) – Indonesia’s trade surplus jumped to its largest ever at $7.56 billion in April, as exports rose to a record high while imports grew slower than expected, data from the statistics bureau showed on Tuesday. Indonesia, a major exporter of many commodities such as thermal coal, palm …
Indonesia posts largest ever trade surplus thanks to export boom Read More »
