Author Archives: Syndicated Content
Saudi Arabia to raise oil production if Russian output falls under sanctions- FT
(Reuters) - Saudi Arabia is prepared to raise its oil production if Russia's output falls substantially because of the western sanctions imposed on it, the Financial Times reported on Wednesday, citin...
Jun 01, 2022
China reports 129 new COVID cases for June 1 vs 131 a day earlier
BEIJING (Reuters) - Mainland China reported 129 new coronavirus cases for June 1, of which 37 were symptomatic and 92 asymptomatic, the National Health Commission said on Thursday. That compared with ...
Jun 01, 2022
Argentine President firms up attendance at troubled Americas summit
BUENOS AIRES (Reuters) - Argentine President Alberto Fernandez confirmed he will attend the Summit of the Americas in Los Angeles this month in a call with U.S. President Joe Biden Wednesday, Fernande...
Jun 01, 2022
Emerging market FX rallies seen short-lived due to high inflation: Reuters poll
By Vuyani Ndaba and Vivek Mishra JOHANNESBURG/BENGALURU (Reuters) - Battered emerging market currencies will struggle to hold on to recent gains towards year-end as U.S. Federal Reserve interest rate ...
Jun 01, 2022
Firms in India’s ancient shoe capital squeezed by costs, fading demand
By Manoj Kumar AGRA, India (Reuters) - In his small shoe factory in the Indian city of Agra, Rajesh Kumar, his two brothers and three workers have been sitting idle for a week, faced with a dearth of ...
Jun 01, 2022
Oil prices skid $3 a barrel as investors take profits ahead of OPEC+ meeting
By Yuka Obayashi TOKYO (Reuters) - Oil prices fell by around $3 a barrel in early Asian trade on Thursday as investors cashed in on a recent rally with a key producers meeting later in the day set to ...
Jun 01, 2022
South Korea May factory growth slows as output, export orders shrink – PMI
SEOUL (Reuters) - South Korea's factory activity growth slowed in May, as output and export orders contracted amid supply-chain disruptions due to China's COVID-19 lockdown measures, a private-sector ...
Jun 01, 2022
U.S. NHC says 80% chance of cyclone near Yucatan Peninsula
(Reuters) - There is an 80% chance that a cyclone will form in the next 48 hours from an area of low pressure located near the east coast of the Yucatan Peninsula and the Southeastern Gulf of Mexico, ...
Jun 01, 2022
Cotton rally squeezes Asian garment makers, threatens recovery from COVID
By Rajendra Jadhav, Ruma Paul and Ashitha Shivaprasad MUMBAI/DHAKA (Reuters) - A near doubling in benchmark cotton futures to 11-year highs, hard on the heels of a spike in freight and fuel prices, is...
Jun 01, 2022
Dollar to clear recent weak period unscathed – FX analysts
By Hari Kishan BENGALURU (Reuters) - The U.S. dollar is set to clear its recent weak period unscathed and remain dominant because the number of reasons supporting it, including its safe-haven status, ...
Jun 01, 2022
