News

October 8, 2021 By Sonali Paul MELBOURNE (Reuters) – Oil prices rose on Friday, tracking towards a 4.2% gain for the week on signs some industries have begun switching fuel from high priced gas to oil and on doubts the U.S. government would release oil from its strategic reserves for now. U.S. West Texas Intermediate […]

October 8, 2021 By Kevin Buckland TOKYO (Reuters) – The safe-haven dollar hovered below a one-year high to major peers on Friday amid improved risk sentiment, while traders awaited clues on the pace of Federal Reserve policy normalization from a closely watched monthly payrolls reports. The risk-sensitive Australian dollar held near the three-week high hit […]

October 8, 2021 The New York Jets agreed to a four-year contract extension with defensive lineman John Franklin-Myers, according to multiple reports Thursday. No terms were available though Franklin-Myers, a fourth-year pro, stands to improve from his $920,000 salary this season — the last year of his rookie contract. Franklin-Myers, fresh from his 25th birthday […]

October 8, 2021 TOKYO (Reuters) – Japan’s finance ministry will start using foreign reserves to buy securities that meet environmental, social and governance (ESG) criteria, it said on Friday, joining a global tide of investors focusing on such issues. Japan’s $1.4 trillion in foreign reserves are predominantly held by the Ministry of Finance (MOF) and […]

October 8, 2021 TOKYO (Reuters) – Japan’s ruling Liberal Democratic Party (LDP) will call for a sharp rise in the country’s defence spending in its election manifesto to be unveiled ahead of the Oct. 31 national lower house election, the Asahi Shimbun daily said on Friday. New Prime Minister Fumio Kishida, who leads the LDP, […]

October 8, 2021 (Reuters) – Former world number one Kim Clijsters’ return to tennis suffered another setback on Thursday when she fell 6-1 2-6 6-2 to Katarina Siniakova in the first round of the Indian Wells tournament. The 38-year-old Belgian fell into a 3-0 hole in the first set and it appeared the match would […]

October 8, 2021 LONDON (Reuters) – British employers increased pay for new staff by the most since at least the 1990s, according to a survey that will be studied by the Bank of England as it tries to assess how persistent the recent jump in inflation might be. The Recruitment and Employment Confederation said firms […]

October 8, 2021 (Reuters) – Brazilian President Jair Bolsonaro said on Thursday his government planned to develop a project aimed at increasing the country’s production of fertilizer and making it less reliant on imports. Speaking during his weekly live broadcast on social media, Bolsonaro did not provide many details on the project but said it […]

October 8, 2021 By Vivek Mishra BENGALURU (Reuters) – South Korea’s central bank will keep rates unchanged on Tuesday but will set the stage for a rate hike next month to follow the August rise, as high household debt and a red-hot housing market threaten financial stability, a Reuters poll found. Koreans have been borrowing […]

October 8, 2021 By Kantaro Komiya TOKYO (Reuters) -Japan’s household spending fell more sharply than expected in August, as state of emergency curbs to combat the coronavirus pandemic weighed on consumption during the summer holiday season and risked undercutting the economy’s recovery. Friday’s government data bodes ill for new Prime Minister Fumio Kishida’s efforts to […]

October 8, 2021 By Wayne Cole SYDNEY (Reuters) -Australia’s central bank on Friday warned that “exuberance” in a red-hot housing market was encouraging a build-up of debt that might destabilise the financial system, urging banks to maintain lending discipline amid the boom. In its semi-annual Financial Stability Review, the Reserve Bank of Australia (RBA) said […]

October 8, 2021 By Svea Herbst-Bayliss NEW YORK (Reuters) – Investment firm Sachem Head Capital Management LP said on Thursday that it owns a stake in US Foods Holding Corp and plans to push for changes at the food service company. Sachem Head said it is being advised by food industry veteran Bernardo Hees, who […]

October 8, 2021 By Joyce Lee and Heekyong Yang SEOUL (Reuters) -Samsung Electronics Co Ltd said on Friday its third-quarter operating profit likely rose 28% to the highest in three years, helped by rising memory chip prices and display sales for smartphone makers’ new flagship launches. The world’s largest memory chip and smartphone maker estimated […]

October 8, 2021 (Reuters) – China’s markets return on Friday after a seven-day break with barely any fresh insight of how regulators propose to contain the contagion from cash-strapped China Evergrande Group’s debt problems or even the firm’s own plans to sell its units. Evergrande is facing one of the country’s largest-ever defaults as it […]

October 8, 2021 By David Shepardson (Reuters) – Two senior U.S. lawmakers on Thursday accused the White House of pressuring U.S. airlines to require their employees be vaccinated for COVID-19 by a Dec. 8 deadline for federal contractors or face firing. Representative Sam Graves, top Republican on the House Transportation and Infrastructure Committee, and Garrett […]

October 8, 2021 WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Thursday she was pleased the Senate was moving toward suspending the debt limit but she added that having a debt ceiling has become increasingly damaging to the United States. “It’s led to a series of politically dangerous conflicts that have caused Americans […]

October 8, 2021 By Paresh Dave (Reuters) – California will bar companies from requiring non-disclosure agreements in settlements with employees over workplace harassment claims under a bill signed into law on Thursday in a win for tech workers who championed the proposal. The Silenced No More Act had been co-sponsored by Ifeoma Ozoma, who quit […]

October 8, 2021 By Jeff Mason ELK GROVE VILLAGE, Ill. (Reuters) -President Joe Biden on Thursday said more U.S. businesses should obligate workers to receive COVID-19 vaccinations, calling the move vital to ending the pandemic and sustaining the economy. “Today I’m calling on more employers to act,” Biden said. “My message is: Require your employees […]

October 8, 2021 By David Shepardson WASHINGTON (Reuters) – U.S. President Joe Biden said on Thursday he had instructed the Justice Department to “deal” with the rising number of violent incidents onboard airplanes, many involving the requirement to wear face coverings. “I’ve instructed the Justice Department to make sure that we deal with the violence […]

October 8, 2021 BUENOS AIRES (Reuters) – An Argentine judge ruled on Thursday that there was no crime in the case filed against former President Cristina Fernandez de Kirchner over an alleged cover-up of Iran’s possible role in the 1994 bombing of a Jewish community center that killed 85 people. The case made international news […]