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Japan ready to compile extra budget to cushion US tariff blow, PM Ishiba says

By Leika Kihara TOKYO (Reuters) -Japanese Prime Minister Shigeru Ishiba said on Monday the government is ready to compile an extra budget to cushion the economic blow from U.S. tariffs, a move that would add strain to the country’s already worsening finances. After suffering a stinging defeat in last month’s upper house election, Ishiba’s minority …

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Southern Taiwan lashed by torrential rain, four dead, more than 5,900 evacuated

TAIPEI (Reuters) -Four people died and more than 5,900 have been evacuated in southern Taiwan after the island recorded more than a year’s rainfall over the past week which caused widespread landslides and flooding. Three people are missing and 77 have been injured since late July when a depression and strong southwesterly airstreams began causing …

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India cenbank seen holding rates, but US tariffs raise odds of cut

By Swati Bhat and Dharamraj Dhutia MUMBAI (Reuters) -India’s central bank is expected to hold rates steady on Wednesday, but the odds of another cut have risen after the United States slapped steep tariffs on Indian exports last week, adding to pressure on growth even as inflation stays subdued. A large majority of economists, or …

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Indian rupee seen under pressure on US tariff worries, RBI policy in focus

By Dharamraj Dhutia and Jaspreet Kalra MUMBAI (Reuters) -The rupee is likely to stay under pressure this week as concerns over steep U.S. tariffs on Indian exports linger, while the Reserve Bank of India’s upcoming policy decision also looms large over the currency and government bonds. The rupee closed at 87.54 against the U.S. dollar …

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Old trees and ageing farmers worsen outlook for top palm oil exporters

By Ashley Tang, Naveen Thukral and Bernadette Christina PONTIAN, Malaysia (Reuters) -Malaysian farmer Suratmen Mosman faces a dilemma that threatens to sap supply from the world’s top palm oil exporters and drive up prices of the vegetable oil essential to billions of consumers worldwide in the next five years. The ageing trees on his plantation …

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Indonesia’s economic growth likely slowed again in Q2

By Rahul Trivedi BENGALURU (Reuters) -Indonesia’s economy likely grew at its slowest pace in nearly four years last quarter as weak household spending weighed on overall growth and offset a boost from exports, according to a Reuters poll of economists. Southeast Asia’s largest economy likely grew 4.80% in the April-June quarter from a year earlier, …

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Australia’s Santos commits Narrabri gas for domestic supply in deal with ENGIE

(Reuters) -Oil and gas producer Santos on Monday said it will supply utility firm Engie with up to 20 petajoules of natural gas a year from its Narrabri project in New South Wales that has been entirely committed to the Australian domestic market. Santos has yet to make a final investment decision on the A$3.6 …

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China’s solar giants quietly shed a third of their workforces last year

By Colleen Howe BEIJING, August 1 (Reuters) -China’s biggest solar firms shed nearly one-third of their workforces last year, company filings show, as one of the industries hand-picked by Beijing to drive economic growth grapples with falling prices and steep losses. The job cuts illustrate the pain from the vicious price wars being fought across …

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Mueren los cinco trabajadores atrapados en mina El Teniente de la chilena Codelco

Por Daina Beth Solomon SANTIAGO, 3 ago (Reuters) -Los cinco trabajadores de la mina de cobre El Teniente, que quedaron atrapados luego de un derrumbe por un fuerte temblor, fueron encontrados muertos, dijo el domingo la estatal chilena Codelco que se comprometió a investigar lo ocurrido en el lugar y mejorar las medidas de seguridad. …

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Factbox-Chinese independent oil companies in Iraq

(Reuters) -A handful of independent Chinese oil companies are piling into Iraq, planning multi-billion-dollar projects to develop its vast reserves in a challenge to global and Beijing-backed state majors that dominate output in OPEC’s number two producer. Here are details of some of the independent firms’ activities in Iraq. UNITED ENERGY GROUP The small Hong …

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