British stocks slide ahead of naming of new PM (Reuters) – UK’s main stock indexes fell on Monday as investors were on the edge ahead of the announcement of the country’s new prime minister at a time when Britain faces a cost of living crisis, industrial unrest and a recession.
Category: FX Empire
Shell, Petronas to develop Rosmari-Marjoram gas fields off Malaysia KUALA LUMPUR (Reuters) – Shell Plc on Monday said it would invest with Malaysian state oil firm Petronas to develop the Rosmari-Marjoram gas fields in the Southeast Asian country’s waters.
Japan ministries make second-biggest amount of budget requests ever TOKYO (Reuters) – Japan’s annual budget requests for the next fiscal year hit $784 billion as an expected increase in military outlays added to already rising debt-servicing and welfare costs, the Ministry of Finance said on Monday, underscoring the country’s worsening fiscal health.
California temperatures soar to new records, adding strain to power grid (Reuters) – Record high temperatures were expected in California’s Central Valley from Sacramento to outside of Los Angeles on Sunday, with officials warning that the dangerous heat wave could afflict the state through the end of the week and test the limits of the...
EU gas price rockets higher after Russia halts Nord Stream flows By Susanna Twidale LONDON (Reuters) – European gas buyers already grappling with record-high prices face further pain when the markets open on Monday after Russia said one of its main supply pipelines to Europe would remain shut indefinitely, sparking fears over energy rationing.
S.Korea braces for ‘very strong’ typhoon, businesses curb operations By Joori Roh SEOUL (Reuters) – South Korea issued weather advisories and raised its typhoon alert level on Monday as typhoon Hinnamnor neared, with heavy rain and strong wind already lashing southern parts of the country.
Swiss economy grows 0.3% in Q2 as services shine ZURICH (Reuters) – The Swiss economy grew a real 0.3% in the second quarter versus the first three months thanks to the services sector’s continued recovery from pandemic restrictions and robust consumer spending, data showed on Monday.
Indonesia govt sees inflation staying above cenbank target this year after fuel hike By Stefanno Sulaiman and Ananda Teresia JAKARTA (Reuters) -Indonesia’s government predicts inflation will pick up in the next two months after its weekend decision to raise fuel prices, but would normalise in November and the measure would have minimal impact on economic...
Spanish services sector growth slows to a crawl in August – PMI MADRID (Reuters) – Activity in Spain’s services sector expanded in August at the slowest rate since January, with companies concerned that inflation will weigh on their profits and on customers’ demand, a survey showed on Monday.