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Asia spot prices jump amid stronger demand, concerns over Russia

Reuters
A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register LONDON, July 1 (Reuters) – Asian spot liquefied natural gas (LNG) prices continued to rise this week......

China’s Xi: No reason to change Hong Kong’s ‘one country, two systems’ formula

Reuters
HONG KONG, July 1 (Reuters) – There is no reason to change Hong Kong’s “one country, two systems” formula of governance, Chinese President Xi Jinping said on a rare visit to the global financial hub after swearing in the city’s new leader, John Lee, on Friday. Britain returned Hong Kong......

Argentina trucker strike ends, boosting grains exports

Reuters
An agricultural worker operates a tractor with a seeder to sow wheat on farmland in Comodoro Py, on the outskirts of Buenos Aires, Argentina June 21, 2022. REUTERS/Matias Baglietto Register now for FREE unlimited access to Reuters.com Register BUENOS AIRES, June 30 (Reuters) – An Argentine truckers strike ended on......

Russia abandons Snake Island in strategic victory for Ukraine

Reuters
KYIV, June 30 (Reuters) – Russian forces announced on Thursday they had abandoned the strategic Black Sea outpost of Snake Island, in a major victory for Ukraine that could loosen the grip of Russia’s grain export blockade. Russia’s defence ministry described the decision to withdraw from the outcrop as a......

Exclusive: EU nears compromise deal to defuse standoff with Russia over Kaliningrad

Reuters
Kaliningrad depends on rail and road through Lithuania Clampdown on sanctioned freight angers Moscow EU seeks compromise with Lithuania to resume normal trade VILNIUS/BRUSSELS, June 29 (Reuters) – Trade through Lithuania to the Russian exclave of Kaliningrad could return to normal within days, two sources familiar with the matter said,......

China’s factory, service sectors shake off 3 months of lockdown pain

Reuters
A worker polishes a bicycle steel rim at a factory manufacturing sports equipment in Hangzhou, Zhejiang province, China September 2, 2019. China Daily via REUTERS Register now for FREE unlimited access to Reuters.com Register China factory, services PMIs above 50 for first time since Feb Recovery seen as COVID restrictions......

UK to provide another 1 bln pounds of military support to Ukraine

Reuters
June 29 (Reuters) – Britain will provide another 1 billion pounds ($1.2 billion) of military support to Ukraine, the British government said on Wednesday, as NATO branded Russia the biggest “direct threat” to Western security. The funding will go towards boosting Ukraine’s defence capabilities, including air defence systems, uncrewed aerial......

S&P 500 limps to slightly lower close as quarter-end looms

Reuters
U.S. economy contracted in Q1; consumer spending revised lower General Mills rises as sales beat on higher prices Bed Bath & Beyond replaces CEO, shares tumble Dow up 0.27%, S&P down 0.07%, Nasdaq off 0.03% NEW YORK, June 29 (Reuters) – The S&P 500 ended a seesaw session slightly down......

Biden administration throws support behind potential F-16 sale to Turkey

Reuters
A U.S. Air Force F-16 fighter taking part in the U.S.-led Saber Strike exercise flies over Estonia June 6, 2018. REUTERS/Ints Kalnins Register now for FREE unlimited access to Reuters.com Register MADRID, June 29 (Reuters) – The Biden administration threw its support on Wednesday behind the potential sale of U.S.......

China’s easing COVID curbs spark travel inquiry surge, and caution

Reuters
Travellers walk at a terminal hall of the Beijing Capital International Airport in Beijing, China March 23, 2022. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register BEIJING, June 29 (Reuters) – Online searches for Chinese airline tickets on domestic and international routes surged on Wednesday, after Beijing......

Some media blocked from covering Xi’s handover anniversary visit to Hong Kong

Reuters
HONG KONG, June 29 (Reuters) – Journalists from more than seven organisations, including Reuters, have been blocked from covering official ceremonies to mark the 25th anniversary of Hong Kong’s handover from British to Chinese rule that President Xi Jinping is due to attend. A spokesperson for the Hong Kong government......

China to cut industrial energy intensity by 13.5% from 2021-2025

Reuters
People walk past a China Energy coal-fired power plant in Shenyang, Liaoning province, China September 29, 2021. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register SHANGHAI, June 29 (Reuters) – China will reduce its industrial energy consumption per unit of output by 13.5% over the 2021-2025 period......

S.Korea’s LGES reviews plan for $1.3 bln Arizona battery plant as U.S. inflation bites

Reuters
SEOUL, June 29 (Reuters) – South Korean battery maker LG Energy Solution Ltd (LGES) (373220.KS) plans to reassess its investment plan for a standalone Arizona battery factory due to the current U.S. economic environment, a company spokesperson said on Wednesday. The spokesperson’s comments on the previously announced $1.3 billion investment......

Two suspects charged after death of 51 migrants in sweltering Texas truck

Reuters
SAN ANTONIO, Texas, June 28 (Reuters) – At least 51 migrants have died after being trapped inside a sweltering tractor-trailer truck found abandoned in Texas, authorities said on Tuesday, as two Mexican nationals tied to the smuggling incident were charged in U.S. federal court. The deceased migrants, 39 men and......

U.S. FDA classifies recall of GE’s ventilator batteries as most serious

Reuters
June 28 (Reuters) – U.S. health regulators on Tuesday classified the recall of some backup batteries of GE Healthcare’s ventilators, which the company had initiated in mid-April, as the most serious type, saying that their use could lead to injuries or death. The CARESCAPE R860 ventilator’s backup batteries, including replacement......

Hungary’s cenbank shocks with 185 bps rate rise after forint plunge, pledges more

Reuters
NBH raises base rate by 185 bps to 7.75% Biggest hike since start of global financial crisis Most economists had expected a 50 bps increase Plunging forint, rising inflation prompted bigger move Cbank raises 2022, 2023 inflation forecasts BUDAPEST, June 28 (Reuters) – The National Bank of Hungary (NBH) raised......

Bank of Italy plays down talk of early Visco exit

Reuters
Ignazio Visco, governor of Bank of Italy, speaks during an event to launch the private finance agenda for the 2020 United Nations Climate Change Conference (COP26) at Guildhall in London, Britain, February 27, 2020. Tolga Akmen/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register ROME, June 28......

Toshiba board gains two directors from activist funds in historic shift

Reuters
TOKYO, June 28 (Reuters) – Toshiba Corp (6502.T) shareholders voted in two board directors from activist hedge fund investors at its annual general meeting on Tuesday – an inclusion that is expected to add momentum to its exploration of potential buyout deals. Nabeel Bhanji, a senior portfolio manager at Elliott......

Three dead in Amtrak train crash and derailment in Missouri

Reuters
June 27 (Reuters) – An Amtrak train carrying more than 200 passengers derailed in northern Missouri on Monday after hitting a dump truck at an uncontrolled crossing, killing two aboard and a person in the truck, and injuring at least 50, officials said. Eight cars and two locomotives derailed, Amtrak......

Siemens to buy U.S. software company Brightly in $1.58 bln deal

Reuters
Chief Executive Officer (CEO) of German industrial conglomerate Siemens, Roland Busch attends the virtual annual shareholder meeting in Munich, Germany, February 10, 2022. Sven Hoppe/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register ZURICH, June 27 (Reuters) – Siemens (SIEGn.DE) is buying U.S. tech company Brightly Software......

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