Explainer-What’s at stake for Japan’s fragile bond market this week

By Kevin Buckland TOKYO (Reuters) -Japan’s bond market faces stern tests this week, from domestic political ructions and a possible hawkish shift at the central bank to global risks stemming from the Federal Reserve. Japan’s long-dated government bond (JGB) yields remain near record peaks after the ruling coalition lost its majority in upper house elections. …

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India’s GAIL issues swap tender for six LNG cargoes, sources say

SINGAPORE (Reuters) -GAIL (India) Ltd has issued a swap tender, offering six U.S.-loaded liquefied natural gas (LNG) cargoes in exchange for six deliveries to India, two industry sources said on Tuesday. GAIL, India’s largest gas distributor, is offering the cargoes for loading on a free-on-board (FOB) basis in February, April, June, August, October and December …

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Analysis-Enough apologies: How Japan is shaking its price hike phobia

By Makiko Yamazaki and Takahiko Wada TOKYO (Reuters) -When Japanese ice pop maker Akagi Nyugyo raised its prices a meagre 10 yen in 2016, its sombre-faced management appeared in a one-minute commercial, bowing silently in apology as a melancholy folk song lamented the inevitability of price hikes. Almost a decade later, the Saitama-based company has …

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Pakistan’s central bank seen cutting interest rate by 50 bps as inflation cools: Reuters poll

By Ariba Shahid KARACHI (Reuters) -Pakistan’s central bank is expected to cut its key interest rate by 50 basis points to 10.5% on Wednesday, a Reuters poll showed, with a unanimous forecast for further easing as inflation slows and external balances improve. All 14 analysts surveyed expect the State Bank of Pakistan to cut rates, …

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Two rights groups are first Israeli voices to accuse Israel of genocide

By Charlotte Greenfield and Emily Rose JERUSALEM (Reuters) -Two Israeli human rights organisations said on Monday Israel was committing genocide against Palestinians in Gaza, the first major voices in Israeli society to level the strongest possible accusation against the state, which vehemently denies it.  Rights group B’Tselem and Physicians for Human Rights Israel released their …

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Jane Street likely to argue retail demand drove its India trades, Bloomberg News reports

(Reuters) -New York-based trading firm Jane Street Group is likely to argue that its controversial Indian options trades were a response to outsized demand from retail investors, Bloomberg News reported on Monday, citing people familiar with the matter. In an interim order on July 3, the Securities and Exchange Board of India barred the company …

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Juez declara culpable de fraude procesal y soborno en actuación penal a expresidente colombiano Álvaro Uribe

Por Luis Jaime Acosta y Nelson Bocanegra BOGOTÁ, 28 jul (Reuters) -Una juez declaró el lunes culpable al expresidente colombiano Álvaro Uribe por los delitos de fraude procesal y soborno en actuación penal en un caso de manipulación de testigos, convirtiéndolo en el primer exmandatario condenado en juicio en la historia del país sudamericano. Sin …

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Procter & Gamble replaces CEO Moeller with COO and long-time executive Jejurikar

By Savyata Mishra and Jessica DiNapoli (Reuters) -Procter & Gamble CEO Jon Moeller is stepping away from the top job after four years in the role, and the consumer goods giant said he would be succeeded by Chief Operating Officer Shailesh Jejurikar. Moeller will become executive chairman and “provide advice and counsel to the CEO …

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