Funds Begin Parking Sanction-hit Russian Assets In 'Side Pockets'
Some of the world's biggest money managers are talking to investors and regulators about stripping Russian assets from their funds, helping them unlock billions of dollars of investments which became illiquid due to the war in Ukraine.
French Maize Crop Rating Tumbles As Drought Deepens
French maize crop conditions declined steeply last week to their lowest level in at least a decade, data from farm office FranceAgriMer showed, as a worsening drought and latest heatwave baked fields in the European Union's top grain producer.
Rigging Allegations Begin As Kenyan Media Slow Tally Of Votes In Tight Presidential Race
Without providing any proof, the secretary-general of Kenya's governing party has said the country's elections were rigged, fuelling public anxiety on Friday as media houses significantly slowed down their unofficial tallies of the presidential vote.
English Regions Brace For Drought As Water Restrictions Tighten
British households faced new water usage restrictions on Friday, with parts of England likely to formally declare a drought as the government, environment officials and water companies meet to discuss the impact of prolonged hot and dry weather.
European Shares Rise As Healthcare Rebounds, Travel Stocks Gain
European shares rose on Friday after GSK led a rebound in healthcare stocks, while Flutter fuelled a rally in the travel and leisure sector after an upbeat earnings forecast.
Analysis-China's Sharper Focus On Military Option For Taiwan Raises Risks With U.S
As the dust settles from China's military exercises around Taiwan, the message is clear: the military will uphold China's claim on the island in a challenge to the United States that will keep tension high and ramp up the risk of confrontation.
UK's Truss Says Energy Firm Profit Is Not Evil As Bill Forecasts Soar
British leadership candidate Liz Truss, the front-runner to become prime minister, said that while energy giants should be held to account their profits should not be seen as either dirty or evil.
UK Economy Rides Out Jubilee Disruption, But Recession Still Looms
Britain's economy contracted by less than feared in June, when public holidays had been expected to exert a big drag, although sectors most exposed to a worsening cost of living crisis, like retail and restaurants, struggled.
Property Developers In China's Hefei Urge Curb On 'Malicious Protests'
A group of property developers in the eastern Chinese city of Hefei urged the local government this month to crack down on what they described as "malicious protests" by homebuyers, according to a joint letter reviewed by Reuters.
Hacker Offers To Sell Data Of 48.5 Million Users Of Shanghai's COVID App
A hacker has claimed to have obtained the personal information of 48.5 million users of a COVID health code mobile app run by the city of Shanghai, the second claim of a breach of the Chinese financial hub's data in just over a month.
Exclusive-Bank Agrees To Process Russian Oil Transit Payment To Central Europe - Sources
A European bank has agreed to process a payment for the transit of Russian oil through Ukraine, Slovak refiner Slovnaft and another source familiar with the matter said, removing the cause of a stoppage of oil supplies to central Europe last week.
Chasing Green Goals, Corporations Push Car Fleet Managers Toward EVs
Large corporations are jumping on the "green" bandwagon left and right, which in turn is pushing firms that lease and manage car fleets to convert to electric vehicles (EVs) faster than they had ever thought possible.
Analysis-Bruised By A Valuation Freefall, Payments Companies Brace For M&A
Battered by a near 50% plunge in its shares over the last 12 months, Nexi, Europe's biggest payments processor, has not gone unnoticed.
Malaysia's Economy Jumps In Q2 But Slower Growth Expected
Malaysia's economy grew at its fastest annual pace in a year in the second quarter, boosted by expansion in domestic demand and resilient exports, but a slowdown in global growth is expected to pose a risk to the outlook for the rest of 2022.
Stock Market Bulls Eye Technical Signal For Further Gains
Some stock market bulls are watching a technical indicator for clues on whether a summer rebound in U.S. equities will roll on.
Japan July Core CPI Seen Rising 2.4%, Near 8-year-high - Reuters Poll
Japan's core consumer price index (CPI) for July likely rose 2.4% from a year earlier, accelerating to the fastest pace in nearly eight years and topping the central bank's 2% inflation target for a fourth month, a Reuters poll showed on Friday.
Asian Stocks Fall On Nagging Fed Rate Hike Worries
Asian stocks tracked Wall Street losses and the yen fell on Friday as investors remained filled with uncertainty over how aggressively the Federal Reserve would raise interest rates to tackle inflation despite softer numbers earlier this week.
S.Korea's Yoon Pardons Samsung Leader Jay Y. Lee
South Korea's President Yoon Suk-yeol pardoned Samsung Electronics Vice Chairman Jay Y.
Analysis-China's Taiwan Military Drills Offer Spying Opportunity For U.S
While China's expanded drills surrounding Taiwan have marked an unprecedented military and political warning against outside interference over the island, they opened a window to gather intelligence for the United States and its allies.
China Tourism Seeks $2.16 Billion In Hong Kong's Biggest Listing So Far In 2022 - Term Sheet
China Tourism Group Duty Free Corp is aiming to raise up to $2.16 billion through a new listing in Hong Kong, according to a term sheet reviewed by Reuters, in what will be the largest share sale in the city so far in 2022.
New Zealand Central Bank To Carry On With 50bps Hike In August - Reuters Poll
The Reserve Bank of New Zealand (RBNZ) will stick to its hawkish stance and deliver a fourth straight half-point rate hike on Wednesday in its most aggressive tightening in over two decades to try to rein in stubbornly-high inflation, a Reuters poll found.
Japan's Yen Bears Brunt Of Market Rethink On Fed
The Japanese yen fell the most against a resurgent U.S.
Oil Prices On Track For Weekly Gain As Recession Fears Ease
Oil prices dipped in early trade on Friday amid uncertainty on the demand outlook based on contrasting views from OPEC and the International Energy Agency (IEA), but benchmark contracts were headed for weekly gains as recession fears eased.
Thailand's Tourism-reliant Economy Likely Gathered Pace In Q2 - Reuters Poll
Thailand's economy likely grew at its fastest pace in a year last quarter, thanks to increased tourism as pandemic curbs eased, but the high cost of living and a slowdown in China pose threats to the outlook, a Reuters poll showed.
One Year On, Afghan Family Still Divided After Daughter Fled, Mother Stayed
As thousands of Afghans crowded outside Kabul airport a year ago desperately trying to escape the Taliban, Massouda Kohistani managed to fight her way on to a foreign military flight bound for the Gulf and ended up in Spain.
Argentina Hikes Interest Rate Again As Inflation Hits 20-year High
Argentina's central bank raised its benchmark interest rate by 950 basis points on Thursday as the country struggles to keep a lid on spiraling inflation that rose to a 20-year high of 71%, according to new data.
SK Hynix To Break Ground On New U.S. Chip Packaging Plant Early Next Year - Sources
South Korea's SK Hynix aims to select a U.S. site for its advanced chip packaging plant and break ground there around the first quarter of next year, two people familiar with the matter said, helping the United States to compete as China pours money into the burgeoning sector.
Canada Goose Results Thrive As Luxury Demand Defies Inflation
Canada Goose Holdings Inc on Thursday surpassed Wall Street targets for quarterly results after affluent consumers undeterred by decades-high inflation snapped up its luxury parkas and jackets.
Source Of Britain's River Thames Driest Ever As Drought Nears
The source of the River Thames has dried up further downstream than ever before, as England looks set to enter a drought that some experts say the country is unprepared for.
U.S. Appeals Court Rejects GM Racketeering Suit Against Fiat Chrysler
A U.S. appeals court on Thursday upheld a 2020 ruling that tossed out a racketeering lawsuit filed by General Motors Co against rival Fiat Chrysler Automobiles (FCA), now part of Stellantis NV, and former executives.