By Marwa Rashad, Emily Chow, Yuka Obayashi and Maha El Dahan LONDON/SINGAPORE (Reuters) -One of the world’s biggest liquefied natural gas suppliers, QatarEnergy, is in talks with Japanese firms for a long-term deal to supply LNG from its North Field expansion project, five trading and industry sources told Reuters. Under the deal, Qatar would supply …
QatarEnergy in talks with Japan on long-term LNG supply deal Read More »
By Jihoon Lee SEOUL (Reuters) – South Korea’s factory activity contracted at the steepest pace in 31 months in April as demand plunged on U.S. President Donald Trump’s sweeping tariffs, while firms turned most pessimistic since the pandemic, a private-sector survey showed on Friday. The survey result was in stark contrast to South Korea’s upbeat …
S.Korea factory activity suffers worst slump in 2-1/2 years on US tariffs, PMI shows Read More »
SEOUL (Reuters) -South Korea’s consumer prices rose 2.1% in April over a year, slightly above market expectations, official data showed on Friday. That compared with a 2.1% rise in March and 2.0% tipped in a Reuters poll of economists. The consumer price index rose 0.1% on a monthly basis, after rising 0.2% in the previous …
South Korea April inflation +2.1% y/y, slightly above forecast Read More »
By Aishwarya Jain (Reuters) -Vacation rental platform Airbnb on Thursday forecast second-quarter revenue largely below Wall Street estimates and signaled softening demand in the U.S. as an erratic trade policy hammers consumer sentiment and sparks worries over growth. Shares of the company fell more than 6% after the bell, set to add to the year-to-date …
Airbnb flags slowing US travel demand as revenue forecast disappoints Read More »
ORLANDO, Florida (Reuters) – TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist From ‘Lag 7’ back to ‘Mag 7’? The clouds of trade-related economic uncertainty are dark and heavy, but world markets were bathed in sunny optimism on Thursday as upbeat Microsoft and Meta earnings suggested there may …
By Kane Wu, Scott Murdoch and Yantoultra Ngui HONG KONG/SYDNEY (Reuters) -Companies including Japan’s Meiji, French group Lactalis and Canada’s Saputo are considering bidding for the units dairy giant Fonterra is seeking to divest, two sources with knowledge of the matter said this week. The companies would be bidding for Fonterra’s global consumer businesses consisting …
Meiji, Lactalis, Saputo, Warburg may bid in Fonterra’s $2.4 billion sale, sources say Read More »
By Stephen Nellis SAN FRANCISCO (Reuters) -Nvidia CEO Jensen Huang discussed concerns about Huawei Technologies Co.’s growing artificial intelligence capabilities with U.S. lawmakers, according to a senior congressional committee staff source. The issues were raised during a closed-door meeting between Nvidia executives and the U.S. House of Representatives Foreign Affairs Committee on Thursday. Among the …
Nvidia raised concerns about Huawei’s growing AI capabilities with US lawmakers Read More »
By Anton Bridge (Reuters) -Alimentation Couche-Tard (ACT) and Japan’s Seven & i said they have signed a non-disclosure agreement (NDA) that will give the Canadian company access to the Japanese retailer’s financial data as it seeks a $47 billion acquisition. The move represents progress in takeover talks for Couche-Tard, which operates the Circle-K convenience stores …
Couche-Tard advances deal talks for Japan’s Seven & i with access to books Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) -Hedge fund Third Point owns a “meaningful” stake in U.S. Steel and expects a merger with Japanese rival Nippon Steel to go ahead. Billionaire investor Daniel Loeb told investors in a letter seen by Reuters that the firm believes U.S. Steel “will complete a planned merger with Nippon Steel …
Third Point owns stake in U.S. Steel, sees opportunities in credit, letter says Read More »
By Xinghui Kok SINGAPORE (Reuters) -Singaporean Prime Minister Lawrence Wong called on Thursday for voters to re-elect all members of his cabinet, on the final day of campaigning before an election on Saturday in which some ministers face unusually close fights to keep their seats. Addressing the country’s main labour union, Wong warned of economic …
Singapore PM asks voters to re-elect ministers who face rare close races Read More »
