MOSCOW (Reuters) - Russia's Rosneft increased second-quarter liquid hydrocarbon production by 5.1% quarter on quarter to 354.7 million barrels as the global OPEC and non-OPEC producers' pact eased output restrictions, the company said on Friday. ...
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By Andrea Shalal WASHINGTON (Reuters) - The International Monetary Fund (IMF) said on Thursday it was monitoring the situation in Belarus closely, amid calls for the global lender to limit disbursement of new emergency reserves to the hardline government of president Alexander Lukashenko. Spokesman Gerry Rice said the lender was keeping close tabs on the matter, but the IMF was guided in its actions by the international community, which "continues to deal with the current government in the country." Some U.S. lawmakers have urged the IMF to set strict limits for Lukashenko's ability to use nearly...
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By Hideyuki Sano TOKYO (Reuters) - The dollar held firm on Friday, staying near its highest level in four months against a basket of currencies as investors looked for more hints from the Federal Reserve on its plans to reduce monetary stimulus. The U.S. currency was underpinned by data, released on Thursday, showing U.S. producer prices posted their largest annual increase in more than a decade in the 12 months through July. Although consumer price data published a day earlier indicated inflation may be peaking, the wholesale price data underscored the strength of inflationary pressure, helping...
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By Gertrude Chavez-Dreyfuss and Tom Wilson NEW YORK/LONDON (Reuters) - Hackers behind one of the biggest ever digital coin heists have now returned nearly all of the $610 million-plus they stole, Poly Network, the cryptocurrency platform targeted earlier this week by the attack, said on Thursday. The platform, which was little known before Tuesday's heist, declared the hacker on Twitter https://twitter.com/PolyNetwork2/status/1425733950614360064 as a "white hat," referring to ethical hackers who generally aim to expose cyber vulnerabilities, upon the return of the funds. Poly Network, which facilitates peer-to-peer token transactions, added that the tokens were transferred...
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By Praveen Menon WELLINGTON (Reuters) -Amazon Studios said on Friday the second season of its multi-million dollar "Lord of the Rings" television series will be filmed in the United Kingdom, moving fictional 'Middle Earth' out of New Zealand for the first time. New Zealand's rolling mountains, meadows and forests were made famous as the backdrop for the "The Lord of the Rings" and the "Hobbit" film trilogies shot in the country by Oscar winning director Peter Jackson. The filming of Amazon (NASDAQ:AMZN)'s multi-million dollar TV series of the epic fantasy is currently underway in New...
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SINGAPORE (Reuters) - Commodity trader Olam International said on Friday it would seek a primary listing for its food ingredients business in London and a concurrent secondary listing in Singapore by the first half of next year. Olam, which is backed by Temasek Holdings, also reported first-half operational profit, excluding exceptional items, more than doubled to a record S$436.6 million ($321.53 million). The proposed listing is part of Olam's restructuring plan flagged last year, in which it is dividing its portfolio of diverse products into two new operating businesses. Olam Food Ingredients (OFI) includes...
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UIWANG, South Korea (Reuters) - Samsung Electronics (LON:0593xq) Vice Chairman Jay Y. Lee was released on parole on Friday from jail, where he had been detained since January, convicted of bribery and embezzlement. ...
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By Leika Kihara TOKYO (Reuters) - Japanese wholesale prices rose in July at their fastest annual pace in 13 years, data showed on Thursday, a sign that global commodity inflation and a weak yen were pushing up raw material import costs for a broad range of goods. There is uncertainty, however, on whether companies will start to pass on the higher costs to households and prop up consumer inflation, which remains stuck around zero due to weak consumption, unlike in other advanced nations, analysts say. "The pass-through of raw material costs to consumer goods prices is...
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By Lewis Krauskopf and David Randall NEW YORK (Reuters) - Data on Wednesday hinted that U.S. inflation may have peaked, reassuring investors that the Federal Reserve will not feel obligated to hasten plans to rein in emergency-level support of the economy, but they remained worried that rising prices could continue to weigh on everything from bond prices to corporate margins. Data showed on Wednesday that U.S. consumer price increases slowed in July even as they remained at a 13-year high on a yearly basis. The S&P 500 and the Dow Jones Industrial Average closed at record...
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(Bloomberg) -- Turkey’s central bank held its benchmark interest rate for a fifth month on Thursday, with accelerating inflation leaving little room for a reduction in borrowing costs sought by President Recep Tayyip Erdogan. The Monetary Policy Committee held its one-week repo rate at 19% as forecast by all 20 analysts surveyed by Bloomberg. The bank maintained its pledge to keep the rate above inflation, setting Governor Sahap Kavcioglu on a possible collision course with the president, who holds the unorthodox view that higher interest rates exacerbate inflation and has also encouraged lower borrowing costs as...
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