Turkish consumer price inflation matched expectations in June, with annual inflation easing to 32.11% after two months of faster price growth, data from the Turkish Statistical Institute showed on Friday.The monthly reading was 0.99%, matching a Reuters poll forecast, while the annual rate was also…
By Juarawee Kittisilpa and Panarat ThepgumpanatEarly in the morning on June 18, a message from an unknown account slipped into the TikTok inbox of a flight attendant in Bangkok with a series of questions: "Are you flying to Australia? Do you do carry-for-hire? What is your rate?"The 30-year-old, wh…
Business in Italy's service sector grew marginally in June after three months of contraction, a survey showed on Friday, as cost pressures eased amid signs of de-escalation in the conflict in the Middle East.S&P Global's Purchasing Managers Index (PMI) rose to 50.2 from May's 49.4, edging above the…
Angola's biggest telecommunications operator Unitel is preparing an initial public offering of its shares on the local stock exchange and will launch a roadshow next week, the company said in a statement.
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By Heejin Kim and Kyu-seok ShimSouth Korea rejected claims by Coupang NYSE:CPNG and a U.S. congressional report that the company was unfairly targeted over a massive data breach, National Security Adviser Wi Sung-lac said on Friday at the presidential Blue House in Seoul.Wi's comments came after a…
By Ashwin ManikandanIndia's insurance regulator is seeking to reform how distributors are paid in an effort to rein in mis-selling, and plans to propose commissions be paid out over the life of a policy instead of in large upfront payments, two sources said.The revamp is part of a broad review by t…
Tanzania's central bank raised its key interest rate by 50 basis points to 6.25% (TZINTR=ECI) on Friday after inflation accelerated to its highest in three years.In May consumer inflation reached 4.2% in annual terms (TZCPIY=ECI), up from 4.0% in the previous month.It is still within the 3%-5% targ…
By Emily Ou YongIron ore futures fell on Friday, as record-high inventories at Chinese ports outweighed support from China's move to restrict the use of certain Fortescue ASX:FMG products.The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) COMEX:TIO1! fell 1.74% t…
Automakers Toyota Motor TSE:7203 and Daimler Truck XETR:DTG will reduce their stakes in truckmaker Archion TSE:543A this month, selling shares worth 200 billion to 300 billion yen ($1.24 billion to $1.87 billion), the Nikkei daily business reported on Friday.Toyota and Daimler will offer approximat…
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Kenya's private sector activity picked up in June, breaking a run of three previous monthly contractions, a survey showed on Friday.The Stanbic Bank Kenya Purchasing Managers' Index rose to 50.0 in June from 46.6 a month earlier. Readings above 50.0 indicate growth in business activity, while those…
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Japanese companies logged another year of big pay hikes, the nation's largest labour union group said, signalling that sustained pay increases are becoming firmly entrenched to support the world's fourth-latest economy.The final tally of annual labour talk results showed Japanese companies have agr…
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