Thailand's next central bank chief champions rate cuts to revive growth
By Orathai Sriring and Thanadech Staporncharnchai BANGKOK (Reuters) -Vitai Ratanakorn, the incoming governor of the Bank of Thailand, by his own admission, will start his new job in October at a difficult time. Growth in Southeast Asia's second-largest...
33m ago
Los Angeles Times to go public, owner Soon-Shiong says
(Reuters) -The Los Angeles Times newspaper plans to go public within the next year, its owner Patrick Soon-Shiong said in a television interview on Monday, in an effort to give the public ownership of the 143-year-old publication. "We're literally goin...
1h ago
Analysis-Industrial pruning won't pull China out of deflation as quickly as last time
BEIJING (Reuters) -China's hardened rhetoric against price wars among producers is raising expectations Beijing may be about to kick off industrial capacity cuts in a long-awaited, but challenging, campaign against deflation that carries risks to econo...
1h ago
Taiwan, EU both face threats of 'external infiltration', president tells European lawmakers
TAIPEI (Reuters) -Taiwan and the European Union share the same values of freedom and democracy, but both also face similar threats from "external infiltration", President Lai Ching-te told visiting European lawmakers on Tuesday. Taiwan views the EU as ...
1h ago
Two dead, 10 missing after colossal rain in China's Shandong
HONG KONG (Reuters) -Heavy rain in China's eastern province of Shandong killed two people and left 10 people missing after half a year's worth of rain fell in five hours, drenching the Laiwu district in the city of Jinan, the local government reported ...
1h ago
France's Sanofi to acquire biotech firm Vicebio for $1.15 billion
(Reuters) -French pharmaceuticals company Sanofi said on Tuesday it would acquire British private biotechnology firm Vicebio for a total of $1.15 billion, expanding its respiratory vaccine portfolio. Following the acquisition, Vicebio's non-mRNA candid...
1h ago
Analysis-How Japan's election outcome muddles the BOJ's policy path
By Leika Kihara TOKYO (Reuters) -Japan's election outcome may put the central bank in a double bind as prospects of big spending could keep inflation elevated while potentially prolonged political paralysis and a global trade war provide compelling rea...
1h ago
Moody's says sales tax cut impact on Japan's rating will depend on scope, permanence
TOKYO (Reuters) -Moody's Ratings said on Tuesday the potential impact of a cut to Japan's consumption taxes on the country's sovereign debt rating will depend on the "scope, magnitude and permanence." Prime Minister Shigeru Ishiba's ruling coalition lo...
1h ago
Exclusive-Indonesia plans $8 billion refineries contract with US firm amid tariffs deal, sources say
By Stefanno Sulaiman and Dewi Kurniawati JAKARTA (Reuters) -Indonesian sovereign wealth fund Danantara plans to sign an $8 billion engineering, procurement and construction contract with U.S. engineering firm KBR Inc to build 17 modular refineries, acc...
1h ago
Morning Bid: Europe Inc braces for pain from a sturdy euro
A look at the day ahead in European and global markets from Ankur Banerjee The incredible rise of the euro this year is sure to play a part in Europe Inc's performance as a steady but unspectacular start to the earnings season kicks up a notch with res...
1h ago
