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(Reuters) -Brent oil prices rose in Asian trading on Friday, as markets assessed the prospect of economic stimulus in China after weak economic data, falling inventories in the U.S. and supply cuts from key producers. Brent futures rose 63 cents to $80.27 a barrel by 0425 GMT, while U.S. West Texas Intermediate (WTI) crude climbed 62 cents to $76.27 a barrel. Prices closed marginally higher on Thursday. Brent was on […]

BEIJING (Reuters) – Chinese authorities announced measures on Friday intended to help boost sales of automobiles and electronics with the goal of shoring up a sluggish economy, but the steps failed to impress investors who have been clamouring for stronger stimulus. Regions will be encouraged to increase annual car purchase quotas and efforts will be made to support sales of second-hand vehicles, said a statement on automobile consumption published by […]

By Amy Tennery AUCKLAND (Reuters) – The U.S. Center for SafeSport responded to criticism from United States national soccer team players on Friday, insisting their goals are aligned on preventing abuse in sport as the athletes called on Congress to change how the organisation operates. U.S. players, including all 23 who are kicking off their Women’s World Cup campaign in New Zealand on Saturday, said this week that SafeSport is […]

BENGALURU (Reuters) – Shares of Infosys, India’s second-largest software exporter, fell as much as 9% on Friday, after the company halved its full-year revenue growth outlook and posted a weaker-than-expected first-quarter profit. The company cut its revenue guidance to 1%-3.5% on a constant currency basis from the previous 4%-7%. Shares of the company dropped most since April 17, leading losses in the benchmark Nifty 50 index. Infosys Chief Executive Salil […]

BEIJING (Reuters) – Rescue services braced for flooding as heavier-than-expected summer storms rolled across China as forecast on Friday, drenching Beijing and other major cities. Historically, China enters its peak rainy season in late July, but extreme weather has made storms more intense and unpredictable, exposing heavily built-up megacities with poor drainage to sudden floods and waterlogging. In Beijing, authorities have deployed this week over 2,600 people to drain 87 […]

BEIJING (Reuters) -Chinese authorities announced a raft of measures on Friday to help boost sales of automobiles and electronics, and warned local governments from rolling out policies that would fuel vicious competition, as they seek to shore up a slowing economy. Regions will be encouraged to increase annual car purchase quotas and efforts will be made to support sales of second-hand vehicles, said the statement on automobile consumption published by […]

By Andrew MacAskill LONDON (Reuters) -British Prime Minister Rishi Sunak’s governing Conservatives lost two strategically important parliamentary seats on Friday but unexpectedly retained Boris Johnson’s old constituency in a setback for the main opposition Labour Party. The votes were one of the last electoral tests before a general election expected next year and had been seen as an indicator of the two main parties’ prospects. The Conservatives retained Johnson’s former […]

By Andrew MacAskill LONDON (Reuters) -British Prime Minister Rishi Sunak’s governing Conservatives lost two strategically important parliamentary seats on Friday but unexpectedly retained Boris Johnson’s old constituency in a setback for the main opposition Labour Party. The votes were one of the last electoral tests before a general election expected next year and had been seen as an indicator of the two main parties’ prospects. The Conservatives retained Johnson’s former […]

By Andrew MacAskill LONDON (Reuters) -British Prime Minister Rishi Sunak’s governing Conservatives lost two strategically important parliamentary seats on Friday but unexpectedly retained Boris Johnson’s old constituency in a setback for the main opposition Labour Party. The votes were one of the last electoral tests before a general election expected next year and had been seen as an indicator of the two main parties’ prospects. The Conservatives retained Johnson’s former […]