(Reuters) -Australia formally signed a trade deal with India on Saturday as the two nations signalled an intention to forge closer trade ties. The Australia-India Economic Cooperation and Trade Agreement was signed in a virtual ceremony by Trade Minister Dan Tehan and India’s Minister of Commerce & Industry, Piyush Goyal. Australia’s Prime Minister Scott Morrison …
Australia, India sign trade deal in virtual ceremony Read More »
SHANGHAI (Reuters) – A unit of troubled property developer China Evergrande Group said construction work has resumed at 95% of Evergrande’s projects across the country as of late March. Evergrande has resumed work at 734 developments in all of China as of March 27, including 424 projects recovering to normal construction levels, according to a …
Construction has resumed at 95% of China Evergrande projects, unit says Read More »
SHANGHAI (Reuters) -Telecoms giant Huawei Technologies has given its finance chief Meng Wanzhou, who returned to China in 2021 after nearly three years detention in Canada, the new rotating position of chairwoman, according to the company’s website. Meng, the daughter of Huawei founder Ren Zhengfei, will act as the company’s top leader and head Huawei’s …
Huawei CFO Meng Wanzhou named chairwoman in rotating role Read More »
(Reuters) -The U.S. Energy Department formally outlined a sale of oil from emergency reserves on Friday, a day after President Joe Biden announced the largest release ever in an effort to push down fuel prices that have soared during Russia’s war with Ukraine. Up to 1 million barrels of oil a day will be sold …
U.S. issues formal notice of record sale of oil from reserve Read More »
By Koh Gui Qing NEW YORK (Reuters) -Government bond yields resumed their upward climb on Friday as a key part of the U.S. Treasury yield curve inverted once more on signs of persistent inflation, while falling oil prices ended the week with their sharpest weekly drop in two years. U.S. data released on Friday showed …
Shares bounce, US yield curve inverts after strong jobs data Read More »
By John McCrank NEW YORK (Reuters) -The dollar rose on Friday, helped by robust U.S. job growth numbers for March that firmed market expectations that the Federal Reserve will increase the pace of interest rate hikes in an effort to blunt rising inflation. The nonfarm payrolls report showed that 431,000 jobs were added last month, …
Dollar rises after robust U.S. jobs data, euro dips Read More »
By Laura Sanicola (Reuters) -Oil settled lower on Friday as members of the International Energy Agency (IEA) agreed to join in the largest-ever U.S. oil reserves release. Both Brent and U.S. crude benchmarks settled down around 13% in their biggest weekly falls in two years after U.S. President Joe Biden announced the release on Thursday. …
Oil falls most in 2 years after oil stockpile release Read More »
By Yuka Obayashi and Noah Browning TOKYO (Reuters) – U.S.-allied countries on Friday agreed to their second coordinated oil release in a month to calm markets roiled by Russia’s invasion of Ukraine, the International Energy Agency said on Friday, without specifying volumes. The silence on the size of the agreed release left crude prices largely …
IEA states agree on coordinated oil release but not volumes Read More »
BEIJING (Reuters) – China will adopt strong and effective measures to ensure the stable production and supply of corn and rice, state media cited Chinese Vice Premier Hu Chunhua as saying on Friday. The entire nation would make great effort to boost corn output to meet the gap between corn demand and production, Hu was …
China calls for measures to ensure stable corn production, supply Read More »
(Reuters) – Russian domestic tech companies, led by entities controlled or associated with state-owned gas giant Gazprom, are pouncing on the blockade and exodus of foreign internet firms, sensing opportunities in Russia’s growing digital isolation. Russia has restricted access to Twitter and Meta Platforms’ flagships Facebook and Instagram since sending thousands of troops into Ukraine …
Analysis-As foreign digital firms leave, Russia’s domestic providers pounce Read More »
