(Reuters) – European shares opened higher on Tuesday, as blowout earnings from BP boosted oil stocks, while hopes that the U.S. Federal Reserve would slow down the pace of its rate hikes next month also lifted the mood. The pan-European STOXX 600 index jumped 1.1% by 0808 GMT, after ending […]
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Soccer-Moriyasu targets World Cup quarters as Furuhashi, Osako miss out
By Michael Church TOKYO (Reuters) – Japan coach Hajime Moriyasu left Celtic striker Kyogo Furuhashi and Vissel Kobe forward Yuya Osako out of his 26-man squad for the World Cup on Tuesday, saying he had opted for players with “burning ambition” over experience at the finals this month. The Japanese […]
Dollar droops amid improved risk mood before Fed; Aussie pares gain after RBA
By Kevin Buckland TOKYO (Reuters) – The U.S. dollar sank from a one-week top against a basket of major peers on Tuesday, as traders weighed the odds of a less aggressive Federal Reserve at Wednesday’s widely watched monetary policy meeting. The risk-sensitive Australian and New Zealand dollars rose from one-week […]
NBA roundup: Clippers end skid, win on late Paul George shot
Paul George made a contested 15-foot baseline jumper with 6.2 seconds left to give the Los Angeles Clippers a 95-93 victory over the visiting Houston Rockets on Monday night. George had 35 points, nine rebounds, eight assists and six steals for the Clippers, who scored the game’s final seven points […]
Elon Musk, who runs four other companies, will now be Twitter CEO
(Reuters) -Tesla Inc boss Elon Musk said on Monday he will serve as chief executive of Twitter, the social media company he just bought for $44 billion, a move that Wall Street analysts have said could stretch the billionaire thin. Musk, who also runs rocket company SpaceX, brain-chip startup Neuralink […]
Toyota reports 25% drop in Q2 profit, misses estimates
TOKYO (Reuters) -Toyota Motor Corp on Tuesday posted a 25% drop in second-quarter operating profit, as soaring parts and materials costs outweighed a boost in overseas revenue from the plunging Japanese yen, as well as a rebound in production. Operating profit for the three months ended Sept. 30 fell to […]
Oil prices rise as weaker dollar offsets China COVID-19 concerns
By Isabel Kua SINGAPORE (Reuters) – Oil prices rose on Tuesday, paring losses from the previous session, as a weaker U.S. dollar offset widening COVID-19 curbs in China that have stoked fears of slowing fuel demand in the world’s second-largest oil consumer. Brent crude for January delivery rose 73 cents, […]
Asia stocks edge up as investors eye Fed rate decision
By Julie Zhu HONG KONG (Reuters) – Asian shares rose and bond yields firmed in early trade on Tuesday despite mild losses from Wall Street overnight as investors turned their focus to the Federal Reserve’s policy meeting this week for hints on what comes next. The central bank is all […]
Yen stealth intervention aimed at maximising effects, says Japan finance minister
By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s currency interventions have been stealth operations in order to maximise effects of its forays into the market, Finance Minister Shunichi Suzuki said on Tuesday, after the government spent a record $43 billion supporting the yen last month. Japanese officials have so far remained […]
Apple supplier Foxconn gives pay rise to staff hit by COVID lockdown – media
(Reuters) – Apple supplier Foxconn has increased wages and is handing bonuses to workers at its Zhengzhou plant in central China, Chinese government-backed media reported, as it works to quell employee discontent at the site over COVID curbs. Daily wages for employees, who are part of a Foxconn unit responsible […]