ATHENS, Aug 21 (Reuters) – Greece’s exit on Saturday from the European Union’s so-called enhanced surveillance framework for its economy ends 12 years of pain and allows the country greater freedom in policy making, its prime minister said. Greece’s economic performance and policies have been closely monitored under the framework since 2018 to ensure it...
HANOI, Aug 20 (Reuters) – Apple supplier Foxconn (2317.TW) has signed a $300 million memorandum of understanding with Vietnamese developer Kinh Bac City (KBC.HM) to expand its facility in the north of the country to diversify and boost production, state media said on Saturday. The Taiwanese company’s new factory, on a plot of 50.5 hectares (125 acres) in Bac...
Aug 20 (Reuters) – Russia held its spot as China’s top oil supplier for a third month in July, data showed on Saturday, as independent refiners stepped up purchases of discounted supplies while cutting shipments from rival suppliers such as Angola and Brazil. read more Imports of Russian oil, including supplies pumped via the East Siberia...
TAIPEI, Aug 18 (Reuters) – The United States and Taiwan have agreed to start trade talks under a new initiative to reach agreements with “economically meaningful outcomes”, with a Taiwan official saying China’s “economic coercion” would be also be discussed. Washington and Taipei unveiled the U.S.-Taiwan Initiative on 21st-Century Trade in June, just days after...
MOSCOW/LONDON, Aug 12 (Reuters) – Kazakhstan is expected to sell some of its crude oil through Azerbaijan’s biggest oil pipeline from September, as the nation seeks alternatives to a route Russia threatened to shut, three sources familiar with the matter said. Kazakh oil exports account for more than 1% of world supplies, or roughly 1.4...
SEOUL, Aug 10 (Reuters) – Samsung Electronics (005930.KS) unveiled its latest high-end foldable smartphones on Wednesday, keeping prices at the same level as last year’s in a bid to cement its leadership in an expanding niche market. The smartphone maker priced its clamshell Galaxy Z Flip4 at $999.99, and the 5G-enabled top-line Galaxy Z Fold4 with a...
Aug 10 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk sold $6.9 billion worth of shares in the electric vehicle maker, saying the funds could be used to finance a potential Twitter deal if he loses a legal battle with the social media platform. “In the (hopefully unlikely) event that Twitter forces this deal to...
BEIJING, Aug 7 (Reuters) – China’s export growth unexpectedly picked up speed in July, offering an encouraging boost to the economy as its struggles to recover from a COVID-induced slump, but weakening global demand could start to drag on shipments in coming months. Exports rose 18.0% in July from a year earlier, the fastest pace...
EW YORK, Aug 5 (Reuters) – A rally in U.S. stocks that has powered on despite skepticism from Wall St faces a reality check in the coming week, as key inflation data threatens to shut the door on expectations of a dovish shift from the Federal Reserve. read more The S&P 500 (.SPX) has walked a tightrope this...
TOKYO, July 22 (Reuters) – Asian stock markets recorded their best week in months on Friday and the dollar held off recent record highs after the European Central Bank (ECB) unexpectedly ended its negative interest rate policy, but U.S. futures fell on fears of poor tech earnings. Ahead of the Europe open, FTSE 100 futures...