Author Archives: Syndicated Content
China reports 338 new COVID cases for July 12 vs 424 a day
SHANGHAI (Reuters) - China reported 338 new COVID-19 infections on July 12, of which 98 were symptomatic and 240 were asymptomatic, the National Health Commission said on Wednesday. That is compared w...
Jul 12, 2022
Euro clings to parity as traders wait on U.S. inflation
By Rae Wee and Tom Westbrook SINGAPORE (Reuters) - The euro hovered a whisker above parity on the dollar on Wednesday ahead of U.S. inflation data, with traders wary a sky-high reading could force it ...
Jul 12, 2022
Explainer: How Sri Lanka spiralled into crisis
By Devjyot Ghoshal and Alasdair Pal (Reuters) - Sri Lanka's economic crisis looks to have finally toppled President Gotabaya Rajapaksa. Rajapaksa fled the country early on Wednesday, likely headed to ...
Jul 12, 2022
Vietnam’s Vinfast says agrees $4 billion EV factory funding with Credit Suisse, Citi
HANOI (Reuters) - Vietnam carmaker Vinfast has signed framework agreements with Credit Suisse (Singapore) Ltd and Citigroup Global Markets Inc. (USA) to raise at least $4 billion to develop an electri...
Jul 12, 2022
S.Korea’s central bank joins peers in historic half-point rate hike
By Cynthia Kim and Jihoon Lee SEOUL (Reuters) - South Korea's central bank on Wednesday delivered a historic half-point interest rate hike to wrest control of inflation running at the fastest pace in ...
Jul 12, 2022
Sri Lanka’s Gotabaya Rajapaksa: Civil war victor brought down by protests
By Alasdair Pal (Reuters) - Sri Lanka's Gotabaya Rajapaksa, who oversaw a ruthless crushing of Tamil Tiger guerrillas to end a long-running civil war and went on to become president, had been due to s...
Jul 12, 2022
Oil prices slip on anticipated U.S. inventory build amid demand worries
By Laura Sanicola (Reuters) - Oil prices fell in early Asian trading on Wednesday as U.S. inventory data showed buildups in crude oil and refined products amid rising fears of a global economic slowdo...
Jul 12, 2022
U.S. state Vermont regulator says Celsius lacks assets to repay customers, creditors
(Reuters) - Vermont's Department Of Financial Regulation on Tuesday said troubled crypto lender Celsius is "deeply insolvent" and lacks the assets and liquidity to honor its obligations to customers a...
Jul 12, 2022
Rajapaksa dynasty draws to humiliating close in Sri Lanka
By Uditha Jayasinghe and Devjyot Ghoshal COLOMBO (Reuters) - The Rajapaksa dynasty dominated Sri Lankan politics until April when street protests against fuel and food shortages began to slip out of c...
Jul 12, 2022
Timeline: How Sri Lankan protests unfolded
(Reuters) - A deep financial crisis has left Sri Lanka struggling to pay for imports of food, medicine and fuel and brought thousands of protesters on to the streets. On Wednesday, a government source...
Jul 12, 2022
