Thousands on alert in Indonesia’s Java after Mt. Semeru eruption

Thousands on alert in Indonesia’s Java after Mt. Semeru eruption

JAKARTA, Dec 5 (Reuters) – Thousands of residents in Indonesia’s East Java were on high alert on Monday after a violent eruption at the island’s tallest volcano prompted authorities to impose an 8-kilometer no-go zone and forced evacuations of entire villages. The provincial search and rescue agency deployed teams to the worst-affected areas near Mount … Read more

Bankman-Fried says he will testify before U.S. House committee

Bankman-Fried says he will testify before U.S. House committee

Dec 4 (Reuters) – FTX founder Sam Bankman-Fried tweeted on Sunday that he would testify before the House Financial Services Committee after he finished “learning and reviewing” the events that led to the spectacular collapse of his cryptocurrency exchange. The U.S. House Financial Services Committee plans to hold a hearing in December to investigate the … Read more

European markets stay cautious after China eases pandemic measures

European markets stay cautious after China eases pandemic measures

LONDON, Dec 5 (Reuters) – European stock indexes opened slightly lower on Monday, finding little support from an easing of China’s domestic pandemic restrictions, after market sentiment was dampened by U.S. jobs data on Friday that raised fears of persistent inflation. Asian shares had been boosted early on Monday by hopes that China taking steps … Read more

Indonesia raises volcano warning to highest after Semeru erupts, evacuates 90 people

Indonesia raises volcano warning to highest after Semeru erupts, evacuates 90 people

JAKARTA, Dec 4 (Reuters) – Indonesian authorities raised the warning on Semeru volcano on the island of Java to the highest level on Sunday after an eruption spewed a column of ash high into the air. The evacuation of people, which includes children and seniors, living near the volcano in East Java province had also … Read more

Stocks and oil buoyed by hopes of looser Chinese COVID curbs

Stocks and oil buoyed by hopes of looser Chinese COVID curbs

Euro STOXX 600 gains around 0.5% before giving up ground Wall Street futures up Oil prices rebound on China hopes, talk of output cuts Dollar falls as investors seek riskier assets http://tmsnrt.rs/2yaDPgn LONDON, Nov 29 (Reuters) – Stocks and oil gained on Tuesday, buoyed by hopes that public unrest in China could spark an earlier … Read more

China’s anti-lockdown protests shake stocks and oil

China’s anti-lockdown protests shake stocks and oil

China announces record new local COVID cases Commodities caught in selling Dollar extends gains against yuan SYDNEY/LONDON, Nov 28 (Reuters) – Stocks and commodities prices suffered a broad sell-off on Monday as rare protests in major Chinese cities against the country’s strict zero-COVID curbs hit growth expectations in the world’s second-largest economy. Clashes between police … Read more

Vietnam’s VinFast ships first electric vehicles to U.S. customers

Vietnam’s VinFast ships first electric vehicles to U.S. customers

HAI PHONG, Vietnam, Nov 25 (Reuters) – Vietnam’s electric vehicle maker VinFast said on Friday it had shipped its first batch of 999 cars to the United States, capping a five-year bid to develop an auto production hub in the Southeast Asian country for markets in North America and Europe. The first cars are expected … Read more

Exclusive: Russians, Ukrainians met in UAE to discuss prisoner swap, ammonia, sources say

Exclusive: Russians, Ukrainians met in UAE to discuss prisoner swap, ammonia, sources say

RIYADH, Nov 24 (Reuters) – Representatives from Russia and Ukraine met in the United Arab Emirates last week to discuss the possibility of a prisoner-of-war swap that would be linked to a resumption of Russian ammonia exports, which go to Asia and Africa, via a Ukrainian pipeline, three sources with knowledge of the meeting said. … Read more

Stocks churn ahead of Fed minutes as oil tumbles on price cap plan

Stocks churn ahead of Fed minutes as oil tumbles on price cap plan

Fed minutes for November due at 1900 GMT U.S. Thanksgiving public holiday on Thursday Stock eke out slim gains globally Euro zone economic data points to recession China hit by rising COVID-19 infections LONDON, Nov 23 (Reuters) – Global shares churned on Wednesday ahead of minutes of a Federal Reserve meeting that could shed light … Read more

Indonesia quake kills scores, reduces homes to rubble, injuring hundreds

Indonesia quake kills scores, reduces homes to rubble, injuring hundreds

CIANJUR, Indonesia, Nov 21 (Reuters) – A 5.6-magnitude earthquake killed more than 60 people and injured hundreds in Indonesia’s West Java province on Monday, with rescuers trying to reach survivors trapped under the rubble amid a series of aftershocks. The epicentre was near the town of Cianjur in West Java, about 75 km (45 miles) … Read more