Sri Lanka appoints new prime minister in bid to tackle growing crisis

Wickremesinghe has held this position five times before The island nation is in dire need of liquidity, in talks with the International Monetary Fund The protests turned bloody this week before they subsided COLOMBO (Reuters) – Sri Lanka appointed a new prime minister on Thursday as its embattled leader seeks a way out of the … Read more

North Korea reports COVID cases, launches 3 ballistic missile tests

SEOUL (Reuters) – South Korea and Japan said North Korea fired three ballistic missiles toward the sea off its east coast on Thursday in its latest tests aimed at advancing its weapons programs even as it reported an outbreak of the COVID-19 disease. for the first time. Three short-range ballistic missiles were launched at about … Read more

A closer look: China’s Xiaomi launches investigations into India’s main market

A man walks past the logo of Xiaomi, the Chinese consumer electronics manufacturer, outside a store in Mumbai, India, May 11, 2022. REUTERS/Francis Mascarenhas Register now to get free unlimited access to Reuters.com Register NEW DELHI (Reuters) – Chinese smartphone giant Xiaomi Corp (1810.HK) It faces legal problems in India as a federal financial crime … Read more

Stocks churned, they are closed; Yields fall after US inflation data

NEW YORK (Reuters) – Wall Street closed sharply lower and Treasury yields fell in a volatile session on Wednesday, as oil prices soared and investors worried about a possible economic slowdown. US stock indices were swinging up and down during the session as investors chose US inflation data for clues about the path of the … Read more

Stablecoin Terra’s broken dollar peg hits broader crypto markets

A bank of crypto miners work at the Scrubgrass plant in Kennerdale, Pennsylvania, US, March 8, 2022. REUTERS/Alan Fried Register now to get free unlimited access to Reuters.com Register HONG KONG, May 10 (Reuters) – TerraUSD, one of the world’s largest stablecoins, lost a third of its value on Tuesday, spooking crypto investors and partly … Read more

Ukraine halts transport of major Russian gas to Europe, blaming Moscow

Gas pipelines at the Atamanskaya compressor station, a facility of the Gazprom Power of Siberia project outside the far eastern town of Svobodny, in the Amur region, Russia, November 29, 2019. REUTERS/Maxim Shemetov. Register now to get free unlimited access to Reuters.com Register Kyiv/LONDON (Reuters) – Ukraine said on Tuesday it would suspend the flow … Read more

Biden says Fed targets inflation, China tariffs may go down

WASHINGTON (Reuters) – U.S. President Joe Biden, under pressure to tame high inflation, told Americans on Tuesday that he understood what they were grappling with and that he and the U.S. Federal Reserve were working to resolve the major issue affecting his counterpart. Administration. “They are frustrated” about Americans paying more for goods and services … Read more

Japan should take time to phase out Russian oil imports, says PM Kishida

Japanese Prime Minister Fumio Kishida delivers a speech at Guildhall in London, Britain, May 5, 2022. REUTERS/Peter Nichols Register now to get free unlimited access to Reuters.com Register TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida said on Monday it would take time for Japan to phase out Russian oil imports after agreeing a ban … Read more

Strong voter turnout in the Philippines as Marcos targets presidency

A polling official said voting was underway There are no reports of any major disruption to voting – polling body The election is a rematch between the frontrunner Marcos, VP Robredo Unofficial count may indicate winning hours after polls close BATAK CITY/NAGA CITY, Philippines May 9 (Reuters) – Filipino voters flocked to polling stations on … Read more