MOGADISHU (Reuters) -Islamist al Shabaab militants on Friday killed at least seven soldiers at a Somali military base in a town re-captured by the government, the information ministry and militant group said. The attack was eventually repelled, an officer at the base in the central Somali town of Galcad told Reuters. He said the dead …
Somalia’s al Shabaab attacks base in town it had lost, kills seven Read More »
BENGALURU (Reuters) -Indian iron and steel products maker JSW Steel Ltd on Friday said third-quarter profit tanked 89%, hurt by lower exports. Consolidated net profit for the quarter ended Dec. 31 fell to 4.90 billion rupees ($60.36 million) from 43.57 billion rupees ($536.71 million) a year earlier, the company said in an exchange filing. Exports …
India’s JSW Steel Q3 profit plummets 89% on beleaguered exports Read More »
By Neil Jerome Morales and Karen Lema MANILA (Reuters) – The United States and Philippines on Friday pledged to hold “2-plus-2” meetings of their top officials after a seven-year halt, underlining moves to restore ties strained by former Philippine President Rodrigo Duterte’s anti-U.S. stance. The two countries held a security dialogue on Friday and agreed …
Philippines, U.S. in talks to resume ‘2-plus-2 meeting’ as relations thaw Read More »
By Krisztina Than BUDAPEST (Reuters) – Hungary’s central bank is expected to leave its base rate unchanged at 13% next Tuesday, the highest in the European Union, due to persistent inflation pressures which are only expected to ease substantially in the second half of 2023. All 12 economists polled in a Jan. 16-20 survey said …
Hungary central bank seen keeping its guard up as inflation risks mount: Reuters poll Read More »
By Manoj Kumar FARIDABAD, India (Reuters) – Ravi Verma, hired by an electrical parts manufacturing firm early last year as India’s economy surged, was fired in November when the company lost several export orders. He has since remained unemployed, unable to pay back a 100,000 rupee ($1,224) loan he took to buy a two-wheeler scooter. …
Despite India’s economic growth, few jobs and meagre pay for urban youth Read More »
LONDON (Reuters) – British consumer spending over the Christmas period held up better-than-expected at most large retail groups, providing some relief to a sector which had feared an escalating cost-of-living crisis would hit the key holiday sales period. However, Official UK retail sales data for December for the overall sector showed a much weaker picture. …
Factbox-How British retailers fared over cost-of-living crisis Christmas Read More »
By Aditya Kalra NEW DELHI (Reuters) -Google said on Friday it will cooperate with India’s competition authority after the Supreme Court upheld stringent antitrust directives forcing the U.S. firm to change how it markets its popular Android platform in a key growth market. The Competition Commission of India (CCI) ruled in October that Google, owned …
Google vows to cooperate with India antitrust watchdog after Android ruling Read More »
MANILA (Reuters) – An “ironclad” alliance between the Philippines and United States has helped ensure peace and stability in the Indo-Pacific, and Washington is committed to its obligations to Manila under a mutual defence treaty, a top U.S. official said on Friday. Daniel Kritenbrink, Assistant Secretary of State for East Asian and Pacific Affairs, was …
“Ironclad” U.S.-Philippines alliance important to regional stability – U.S. official Read More »
DAVOS (Reuters) – China’s reopening after debilitating pandemic restrictions is likely to add to global inflationary pressures as the world’s second-largest economy ramps up commodity consumption, European Central Bank (ECB) President Christine Lagarde said on Friday. “There will be constraints, there will be more inflationary pressure coming out of that added demand in commodities and …
China reopening will add to global inflationary pressures, ECB’s Lagarde says Read More »
(Reuters) -Cathay Pacific Airways Ltd on Friday forecast a fiscal 2022 loss between HK$6.40 billion ($817.18 million) and HK$7.00 billion, but highlighted an upbeat outlook after Hong Kong and mainland China lifted quarantine rules. Analysts had expected a loss of HK$4.17 billion for the 12 months ended Dec. 31, according to Refinitiv data, and the …
Hong Kong’s Cathay Pacific flags up to $893.77 million loss in 2022 Read More »
