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July 1, 2022

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Asia’s factories feeble despite China bounce, feeds global recession fears

Reuters
by Reuters01
A bicycle rider rides past a factory at Keihin industrial zone in Kawasaki, south of Tokyo, Japan, August 18, 2016. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register Japan, S. Korea PMIs slow in June on supply constraints Taiwan’s PMI contracts, other Asian PMIs also soft China’s......
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Stocks make tentative start to second half under growth clouds

Reuters
by Reuters00
A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying Russian Trading System (RTS) Index, Japan’s Nikkei index and the Dow Jones Industrial Average outside a brokerage in Tokyo, Japan, February 25, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to......
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Stocks sink on fears for global economy, capping worst H1 on record

Reuters
by Reuters00
Share indexes down 1% to 3%, U.S. futures weak Cenbank chiefs reiterate inflation warning this week Sweden’s Riksbank latest to hike rates All eyes on U.S. core prices data due later Graphic: Global asset performance LONDON, June 30 (Reuters) – Stocks sank on Thursday to extend what is the worst......
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Stocks mostly slip, yields ease in wake of Powell inflation comments

Reuters
by Reuters00
S&P 500 down slightly early Powell: clock is ‘running’ for Fed on lowering inflation U.S. dollar higher NEW YORK, June 29 (Reuters) – Stocks on global indexes mostly edged lower and Treasury yields eased on Wednesday as investors weighed comments by Federal Reserve Chairman Jerome Powell, who said there is......
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S.Korea’s LGES reviews plan for $1.3 bln Arizona battery plant as U.S. inflation bites

Reuters
by Reuters00
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......
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Stocks, oil edge up as China relaxes quarantine rules

Reuters
by Reuters00
LONDON, June 28 (Reuters) – Global shares moved into positive territory on Tuesday while oil prices firmed following China’s decision to ease some quarantine requirements for international arrivals that raised hopes for stronger growth and a revival in demand for commodities. China slashed the quarantine time for inbound travellers by......
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N.Korean leader convenes latest party meeting amid pandemic, heavy rains

Reuters
by Reuters00
SEOUL, June 28 (Reuters) – North Korean leader Kim Jong Un presided over another meeting of the ruling party to tighten discipline, state media said on Tuesday, as Pyongyang continues to fight the COVID-19 pandemic and gears up for potential flood damage from heavy rains. The enlarged meeting of the......
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Stocks extend bear market bounce as inflation angst eases

Reuters
by Reuters00
MILAN/TOKYO, June 27 (Reuters) – World shares extended their bounce on Monday, building on Friday’s strong Wall Street close as off-peak oil prices helped sentiment improve and temper fears of prolonged inflation. Strong morning gains in Europe and a rally across Asian markets after China further eased COVID-19 restrictions drove......
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North Korea denounces U.S. ‘aggression’ as it marks war anniversary

Reuters
by Reuters01
SEOUL, June 25 (Reuters) – North Korea on Saturday condemned “aggression moves” by Washington and Seoul, vowing to take revenge as it marked the 72nd anniversary of the outbreak of the Korean War at a time of rising tension on the Korean Peninsula. Amid concerns North Korea could be preparing......
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India plans safety rating system for passenger cars

Reuters
by Reuters00
Traffic moves on a road in a heat haze during hot weather on the outskirts of Ahmedabad, India, May 12, 2022. REUTERS/Amit Dave Register now for FREE unlimited access to Reuters.com Register NEW DELHI, June 25 (Reuters) – India will introduce a safety rating system for passenger cars – a......
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Stocks up as commodity slide offers a salve for inflation fears

Reuters
by Reuters00
Men wearing protective masks amid the coronavirus disease (COVID-19) outbreak, use mobile phones in front of an electronic board displaying Japan’s Nikkei index outside a brokerage in Tokyo, Japan June 16, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register SINGAPORE, June 24 (Reuters) – Stocks and......
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Analysis: Asian demand, rising costs squeeze Europe’s LNG import plan

Reuters
by Reuters00
Model of LNG tanker is seen in front of the EU flag in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Freeport outage adds to LNG market tightness Asian demand rebound means Europe will compete for LNG LNG imports seen lower......
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Samsung Australia fined $9.7 mln over false water-resistance claims

Reuters
by Reuters00
A woman tries out a Samsung Electronics’ Galaxy Note 8 at its store in Seoul, South Korea, October 11, 2017. REUTERS/Kim Hong-Ji Register now for FREE unlimited access to Reuters.com Register June 23 (Reuters) – Australia’s competition regulator said on Thursday a court ordered the local unit of Samsung Electronics......
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Asia shares struggle, oil falls as recession fears linger

Reuters
by Reuters00
People wearing protective masks are reflected on an electronic board displaying Japan’s stock prices outside a brokerage in Tokyo, Japan, October 5, 2021. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register BEIJING/HONG KONG, June 23 (Reuters) – Asian shares wobbled while commodity prices fell on Thursday as......
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Asian stocks stumble as Wall St optimism peters out

Reuters
by Reuters00
Employees of the foreign exchange trading company Gaitame.com work in front of monitors showing the Japanese yen exchange rate against the U.S. dollar, the euro and Nikkei share average at its dealing room in Tokyo, Japan June 22, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register......
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S.Korea reports first suspected monkeypox cases, tests underway

Reuters
by Reuters01
Test tube labelled “Monkeypox virus positive” is seen in this illustration taken May 22, 2022. REUTERS/Dado Ruvic Register now for FREE unlimited access to Reuters.com Register SEOUL, June 22 (Reuters) – South Korea on Wednesday said the first two suspected cases of monkeypox virus have been reported in the country,......
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Asia shares slip, hard to dodge recession risks

Reuters
by Reuters01
People pass by an electronic screen showing Japan’s Nikkei share price index inside a conference hall in Tokyo, Japan June 14, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register Asian stock markets : S&P futures lose early gains, Nikkei slips over 1% Fed Chair expected to......
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Sovcomflot fleet fully covered by Russian insurers, CEO says

Reuters
by Reuters01
A flag depicting the logo of the Russian state-owned shipping conglomerate Sovcomflot, flies outside the company’s hearquarters in St. Petersburg, Russia, May 17, 2017. REUTERS/Anton Vaganov/File Photo Register now for FREE unlimited access to Reuters.com Register June 18 (Reuters) – RRussia’s state-run Sovcomflot has insured all its cargo ships with......
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Stocks in biggest weekly loss since 2020 on interest-rate worries

Reuters
by Reuters01
BOJ an outlier as leading central banks raise rates Investors’ recession fears grow Lagarde comments soothe euro zone debt markets NEW YORK, June 17 (Reuters) – World stocks on Friday closed out their steepest weekly slide since the pandemic meltdown of March 2020, as investors worried that tighter monetary policy......
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North Korea faces infectious disease outbreak amid COVID battle

Reuters
by Reuters01
SEOUL, June 16 (Reuters) – North Korea reported an outbreak of an unidentified intestinal epidemic in a farming region on Thursday, putting further strain on the isolated country as it battles chronic food shortages and a wave of COVID-19 infections. Leader Kim Jong Un sent medicines to the western port......
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