SEATTLE, Wash., Feb 1 (Reuters) – The Colorado River, which provides drinking water to 40 million people in seven US states, is drying up, straining a water distribution pact amid the worst drought in 12 centuries, exacerbated by climate change. California split from the six states of Arizona, Colorado, Nevada, New Mexico, Utah and Wyoming …
US states struggle to share dwindling waters of Colorado River Read More »
Jan 31 (Reuters) – Pfizer Inc (PFE.N) on Tuesday forecast a bigger-than-expected drop in sales of its COVID-19 vaccine and treatment for 2023, intensifying investor concerns over demand for the products as governments cut orders and work through inventories. Chief Executive Albert Bourla said that 2023 should be a “transition year” for Pfizer’s COVID products, …
Pfizer sees steep 2023 fall in COVID sales, aims to bolster pipeline Read More »
SINGAPORE, Jan 31, (Reuters) – Like many wealthy Chinese, graduate student Zayn Zhang thinks Singapore could be ideal to park his family’s wealth. He’s hoping that studying at a university in the Asian financial hub will lead to permanent residency and while the 26-year-old hits the books, his wife is out looking for a S$5-7 …
Disillusioned at home, super-rich Chinese set their sights on Singapore Read More »
WELLINGTON, New Zealand, Jan 30 (Reuters) – More than 30 years ago, some relatively youthful central bank and Treasury economists in New Zealand were grappling with how to bring two decades of double-digit inflation under control in an economy less than 1% the size of its US counterpart. What if, they asked, they just told …
The mouse that roared: New Zealand and the world’s 2% inflation target Read More »
Adani issues 413-page rebuttal to Hindenburg report US short-seller’s report sparked falls in Adani shares Adani says comply with laws, necessary disclosures Adani CFO confident $2.5 bln share sale will succeed NEW DELHI, Jan 30 (Reuters) – India’s Adani Group issued a detailed riposte on Sunday to a Hindenburg Research report that sparked a $48 …
Adani hits back at Hindenburg, says it made all disclosures Read More »
Jan 30 (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. It looks like a quiet start to the week in Asia on Monday, but don’t be fooled – it may be the calm before the storm. A raft of regional economic indicators including Japanese unemployment and PMIs from China, …
GENEVA, Jan 27 (Reuters) – China and the United States exchanged sharp criticism at a World Trade Organization meeting on Friday, with Beijing calling Washington a “unilateral bully” and the US accusing its rival of illegal retaliatory measures. China’s ambassador to the WTO Li Chenggang spoke at a meeting on trade disputes shortly after the …
ABOARD THE NIMITZ, South China Sea, Jan 27 (Reuters) – Over a few hours under gray skies, dozens of combat planes and helicopters roar on and off the flight deck of the aircraft carrier Nimitz, in a demonstration of US military power in some of the world’s most hotly contested waters. MH-60 Seahawk helicopters and …
In Beijing’s backyard, US demonstrates its military might Read More »
Consumer spending falls 0.2% in December Personal income increases 0.2%; savings rate rises to 3.4% Core PCE price index gains 0.3%; up 4.4% year-on-year WASHINGTON, Jan 27 (Reuters) – US consumer spending fell for a second straight month in December, putting the economy on a lower growth path heading into 2023, while inflation continued to …
US consumer spending ends 2022 on weaker footing; slow inflation Read More »
Jan 27 (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Spurred by a solid rally on Wall Street after upbeat US economic growth data on Thursday, Asian stocks on Friday are set to continue their remarkable run and chalk up a fifth weekly rise in a row. Investors are …
