MEXICO CITY (Reuters) - Mexico's ruling Morena party and a coalition of opposition parties on Sunday both declared that internal polls showed their respective candidates had won enough votes to become Mexico City's next mayor.
Morena's national president Mario Delgado told supporters after polls closed that Clara Brugada had won the contest according to the party's internal exit polls.
Meanwhile, opposition candidate Santiago Taboada... (continue reading...)
By Wayne Cole
SYDNEY (Reuters) - Asian share markets rose on Monday as investors looked forward to a rate cut in Europe, and quite possibly Canada, as the next step in global policy easing, though sticky inflation threatens to make the process a drawn out affair.
The European Central Bank (ECB) is considered almost certain to trim rates by a quarter point to 3.75% on Thursday, the first time in history it would have eased ahead of the... (continue reading...)
By Jihoon Lee
SEOUL (Reuters) - South Korea's factory activity expanded in May at the fastest pace in two years on stronger growth in output and orders thanks to broadening global demand, a private-sector survey showed on Monday.
The purchasing managers index (PMI) for manufacturers in Asia's fourth-largest economy, compiled by S&P Global, rose to 51.6 in May, from 49.4 in April, on a seasonally adjusted basis.
It was the... (continue reading...)
SINGAPORE (Reuters) - Oil prices fell early on Monday, despite a move by producer group OPEC+ to extend deep output cuts well into 2025.
Brent futures for August delivery were down 24 cents, or 0.3%, to $80.87 a barrel at 0030 GMT.
U.S. West Texas Intermediate (WTI) crude futures for July delivery fell 19 cents, or 0.25%, to $76.80.
The Organization of the Petroleum Exporting Countries and allies led by Russia, together... (continue reading...)
TOKYO (Reuters) - Japan's factory activity expanded for the first time in a year in May, a private-sector survey showed on Monday, but overall growth was modest and demand was still subdued while a weak yen raised the cost of imported items for some producers.
The final au Jibun Bank Japan manufacturing purchasing managers' index (PMI) rose to 50.4 last month from 49.6 in April, having last climbed above the 50.0 threshold - which separates growth from... (continue reading...)
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