Reuters

By Gertrude Chavez-Dreyfuss

NEW YORK (Reuters) - Options on Secured Overnight Financing Rate (SOFR) futures are showing a higher probability that the Federal Reserve could hike interest rates a quarter percentage point this year and next as U.S. inflation and the labor market remain resilient.

Bond investors look to SOFR futures, among other indicators, to gauge expectations on Fed policy rates. Options, on the other hand, are widely used... (continue reading...)

ISTANBUL (Reuters) - Turkish grocery delivery company Getir said on Monday it was withdrawing from its European and U.S. markets to focus on its main Turkish market.

In a statement, Getir also said it had secured new financing from Mubadala and G Squared, adding that it would use the funds to increase competitiveness in Turkey.

(Reporting by Ebru Tuncay; Writing by Ece Toksabay; Editing by Daren Butler)

MAI MAHIU, Kenya (Reuters) -At least 42 people have been killed in floods in central Kenya's Mai Mahiu area after a dam burst early on Monday, and the number of deaths could rise, police said.

Pictures posted on the X accounts of Kenyan media, Kenya Red Cross and the highway authorities showed scenes of the aftermath of the flooding, with broken trees and at least one car stuck among logs and mud.

"We have so far recovered 42 bodies, which... (continue reading...)

JAKARTA (Reuters) - Indonesia's biggest tech firm PT GoTo Gojek Tokopedia Tbk posted on Monday net revenues of 4.079 trillion rupiah ($251.02 million) for the first quarter of 2024.

The company reported full-year net revenues of 14.79 trillion rupiah ($941.44 million) in 2023.

($1 = 16,250.0000 rupiah)

(Reporting by Ananda Teresia; Editing by Kanupriya Kapoor)

By Felix Light

TBILISI (Reuters) - Georgia faces more protests this week as lawmakers resume debate on a "foreign agents" law that opponents denounce as a Russian-inspired tool to crack down on freedom of speech.

The bill would force organisations receiving more than 20% of their funding from abroad to register as foreign agents, a term that carries connotations of spying.

It has ignited a political crisis in the polarised... (continue reading...)