Canada Recession May Be 'necessary Evil' As Central Bank Queues Big Hike
Money markets are betting on another 75-basis point move at the Bank of Canada's Oct. 26 meeting, taking its policy rate to a 14-year high at 4.0%. This will be on top of 300-bp worth of increases since March.
Chad Pro-democracy Protesters Loot And Torch PM's Office
he vast, military-run Central African nation has been on edge since the sudden death in April 2021 of President Idriss Deby, who ruled with an iron fist for three decades.
Singapore Seeks To Amend Constitution To Protect Its Defintion Of Marriage
Though repealing 377A has been largely welcomed by LGBT groups, some activists are disappointed that legalising same-sex unions or pursuing more equal policies towards LGBT couples are not being considered.
A 1990s Relic, Floppy Disks Get Second Life At California Warehouse
Tom Persky runs floppydisk.com, a California-based online disk recycling service that takes in new and used disks before sending them onto a reliable customer base - he reckons he sells about 500 disks a day.
As Seas Rise, Bangladesh Farmers Revive Floating Farms
The 200-year-old technique was initially adopted by farmers in the region during the flooding season, which used to last about five months each year.
UK PM Truss Clings To Power As Chaos In Westminster Escalates
Only six weeks into the job, Truss has been forced to abandon almost all of her policy programme after it triggered a bond market rout and a collapse of her approval ratings and those of her Conservative Party.
Explainer-What Is Indonesia's Proposed Tin Export Ban About?
Indonesia plans to ban the export of tin ingots to encourage investors to set up productions facilities and develop its industries to process tin into other products at home, a government official said.
Germany's Scholz Blasts Putin's 'Scorched Earth' Tactics, Warns On Gas Price Cap
Speaking to parliament, Scholz also said Germany had freed itself from dependence on Russian gas and was working to bring energy prices down, but warned that the EU imposing a gas price cap risked back-firing.
Gold Pinned Near 3-week Low As Higher Yields, Rate-hike Bets Weigh
Spot gold was flat at $1,627.98 per ounce, as of 0709 GMT. Prices had earlier hit their lowest since Sept. 28 at $1,621.20.
Bearish Bets On Asian FX Stay Firm On Towering Dollar, Slowdown Fears: Reuters Poll
Sentiment was also hurt by the yuan weakening further through the week as China tightened its COVID curbs by doubling down on public checks and imposing lock downs on some residential areas after a rise in cases in recent weeks.
Yen Slides Past Key 150 Level, Markets Brace For Intervention
The dollar/yen's break above the key milestone heightens pressure for Tokyo to step into the currency market again to rein in the Japanese unit's relentless decline.
Senegal Hones Its Home-grown Rice To Cut Dependence On Asian Imports
Senegal's rice production has soared in recent years as it seeks to reduce dependence on imports, but the population across West Africa has also risen fast, meaning countries still rely on Asia for supplies, particularly of high-quality produce.
Exclusive-Spain, France Have Owners Pay For Yachts Frozen Under Russia Sanctions
The "majority" of the owners are paying their maintenance, crew, docking and insurance fees, a source with knowledge of the matter said.
Explainer-Pakistan Hopes To Get Off Global Dirty Money Watchdog's 'Grey List'
In a meeting in June, the FATF said it was keeping Pakistan on the list - also known as the "grey list" - but said it might be removed after an on-site visit to verify progress.
Credit Suisse Scrambles To Finalise Revamp As Deadline Looms
The embattled Swiss lender wants to draw a line under a string of scandals and legal actions in a shake-up that would likely see it pare back a volatile investment bank in London and New York to focus on banking for the rich in Switzerland.
Analysis-Beyond Cutting Hair And Rhetoric, Little West Can Do To Change Iran's Trajectory
In a world where oil prices have risen with the Ukraine war and where Iran's major oil buyers, China and India, seem unfazed by the threat of stronger enforcement of U.S. sanctions, it seems that Tehran will continue to have a financial lifeline.
Families Of Victims Of Franco Regime Welcome New Spanish Law
The executions, which also included two members of Basque separatist group ETA, on Sept. 27, 1975, sparked outrage and protests in Spain and abroad.
Australia, Fiji Militaries To Work Alongside Each Other
Pacific island nations have said climate change is the biggest security threat to the region, but tensions between superpowers China and the United States have also been felt, after the Solomon Islands struck a security pact with Beijing in April.
Pernod Ricard Confident Over FY As Q1 Sales Beat Expectations
Pernod, the world's second-biggest spirits group behind Diageo, said the strong start to the year also reflected strong demand in China and in India and a continued rebound in global travel retail.
Nordea Profit Tops Consensus, Outlook Improves
The Nordic region's biggest bank reported an operating profit of 1.30 billion euros ($1.27 billion) in the quarter, up from 1.27 billion a year ago, beating the mean forecast of 1.26 billion euros in a Refinitiv poll of analysts.
Reports Shed New Light On Last Hours Of S.Korean Slain By North In 2020
The parliamentary report shows that the coast guard failed to follow proper search procedures and that officials delayed sharing the news that he had been captured with other government ministries, which lawmakers say may have cost Lee his life.
America's New Nuclear Power Industry Has A Russian Problem
"Production of HALEU is a critical mission and all efforts to increase its production are being evaluated," a spokesperson for the U.S. Department of Energy (DOE) said.
Oil Prices Mixed Amid Uncertain Demand, Supply Concerns
"Oil prices are being whipsawed by a number of drivers in Q4 2022," said Commonwealth Bank commodities analyst Vivek Dhar in a note.
New Italy Government Will Be Pro-NATO, Pro-Europe, Says Meloni
Her uncompromising statement came after her conservative ally Silvio Berlusconi reiterated his sympathy for Russian President Vladimir Putin and accused Ukrainian President Volodymyr Zelenskiy of triggering the war.
China Defends 'Fighting Spirit' Of Xi's Foreign Policy
Chinese diplomats in the UK are under scrutiny this week after a Hong Kong protester was seen being dragged into the Chinese consulate in Manchester on Sunday and assaulted in an incident which the police are investigating.
Russia To Review Working With U.N. Chief If He Inspects Drones In Ukraine
Speaking after a closed-door U.N. Security Council meeting on Moscow's use of drones, Russia's Deputy U.N. Ambassador Dmitry Polyanskiy called on Guterres and his staff to "abstain from engaging in any illegitimate investigation."
African Banks Increasingly Worried About Funding Costs, Survey Shows
he cost of local currency funding was now the top worry for Sub-Saharan Africa's banks, according to a survey by the European Investment Bank of 70 institutions that account for 30% of the African continent's assets.
Asia Stocks Slide As Investors Lose Risk Appetite, Yields Rise
Japan's yen crept close to the psychological barrier of 150 per dollar after earlier marking a fresh 32-year low of 149.93.
India's Economic Growth Outlook Stagnates, Stuck In Lower Gear: Reuters Poll
While growth was expected to be faster than many other economies, it would be too slow for the job creation needed to pull tens of millions of people out of poverty in a country typically ranked one of the worst in the world for hunger.
Dollar Rides Surge In Treasury Yields, Yen Treads Near Key 150 Level
Against the rising greenback, the yen again breached a new 32-year low. The pound, the euro and the antipodean currencies were likewise all suffering losses in early Asia trade.