ASIA

Farewell to the Golden Arches: renamed McDonald’s to reopen in Russia

McDonald’s has been extremely popular in Russia since the early 1990s It is among Western companies leaving Russia over Ukraine The company operated nearly 850 restaurants across Russia McDonald’s restaurants will reopen under new ownership on Sunday June 10 (Reuters) – Sunday marks a new dawn for Russian fast food lovers as a former McDonald’s …

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EXCLUSIVE Beijing gives first nod to revive Ant IPO after crackdown chills sources

Ant aims to file preliminary prospectus as soon as July – sources Ant needs CSRC guidance on when to file source prospectus Ant says there are no plans to relaunch its IPO statement Warburg Pincus valued Ant at $180 billion at the end of March HONG KONG, June 9 (Reuters) – China’s central management has …

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Stocks fall as sentiment dips on rate fears and yields rise

Investors cautious ahead of ECB meeting and US CPI data White House expects next inflation numbers to be high Crude hits 13-week high on rising US demand Global growth concerns sap investment sentiment NEW YORK, June 8 (Reuters) – U.S. and European stocks fell on Wednesday as prospects for a rate hike dampened sentiment, while …

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Dengue fever ’emergency’ in Singapore portends climate change for the world

The Southeast Asian city-state has already surpassed 11,000 cases – well above the 5,258 it has reported throughout 2021 – and that was before June 1, when its peak season dengue fever traditionally begins. Experts warn this is a grim figure not just for Singapore – whose tropical climate is a natural breeding ground for …

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Asian stocks are buoyed by US futures, oil climbs

A man walks past a screen displaying a graph showing recent average movements in Nikkei stock outside a brokerage in Tokyo, Japan, December 30, 2020. REUTERS/Issei Kato/File Photo Join now for FREE unlimited access to Reuters.com Register Asian scholarships: Nikkei adds 0.3%, S&P 500 futures rise 0.4% Euro hits 7-year high against yen ahead of …

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Saudi Arabia and OPEC could make up for lost Russian oil production as Biden visit looms

The Organization of the Petroleum Exporting Countries (OPEC) logo is seen at the OPEC headquarters in Vienna, Austria June 19, 2018. REUTERS/Leonhard Foeger/File Photo Join now for FREE unlimited access to Reuters.com Register Western sanctions have caused Russian production to plummet OPEC+ meets on Thursday and may address Russian production issue US diplomats worked on …

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Stocks squeeze slim gains, dollar climbs as inflation soars

The European STOXX 600 up 0.3% Banks and auto stocks gain Wall Street poised to reflect advances The dollar climbs to its highest in two weeks against the yen LONDON/SINGAPORE, June 1 (Reuters) – European stocks posted small gains on Wednesday as the dollar strengthened as investors worried about soaring inflation and the hit to …

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Russia widens gas cuts in Europe as Gazprom cuts supply from Dutch trader

A 3D printed gas pipeline is placed in front of the Gazprom logo displayed in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Join now for FREE unlimited access to Reuters.com Register Gazprom says it cut gas supply to GasTerra Russians cite refusal to pay in rubles The Dane also on the lookout for …

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