Reuters

TOKYO (Reuters) - Japan's Rakuten Group on Tuesday logged an operating loss of 33.3 billion yen ($213 million) in the January-March quarter, its 15th straight quarter in the red as losses in its mobile unit weighed on robust growth in its fintech business.

The operating loss is an improvement compared to a year earlier when the e-commerce and fintech group posted a loss of 76.2 billion yen, though it narrowly undershot an average 32 billion yen loss... (continue reading...)

NEW DELHI (Reuters) - India's wholesale price-based inflation in April rose 1.26%, mainly driven by food and primary articles, government data showed on Tuesday.

The April figures were higher than the 1% rise expected by economists polled by Reuters and up from a 0.53% year-on-year rise in March.

Food prices rose 5.52% year-on-year compared with an increase of 4.65% in March, while prices of primary articles were up 5.01% against a... (continue reading...)

By Tariq Maqbool

MUZAFFARABAD, Pakistan (Reuters) - An alliance of civil rights group on Tuesday called off a protest march in Pakistan-ruled Kashmir after several days of clashes over high prices in which four people have been killed and over 100 injured, officials said.

Protesters called off the march a day after Prime Minister Shehbaz Sharif approved a grant of 24 billion rupees ($86 million) to help meet most of their demands, which... (continue reading...)

MILAN (Reuters) -Expectations over interest rate cuts rather than earnings optimism has made investors the "most bullish" since November 2021, Bank of America's monthly fund manager survey for May showed on Tuesday.

The survey of global fund managers with $562 billion in asset under management found 82% expect the first by the rate cut by the Federal Reserve in the second half, while 78% say a recession is unlikely over the next 12 months.

LONDON (Reuters) - British defence minister Grant Shapps said he would order up to six new warships for the Royal Marines, as the government starts to indicate where a recently announced rise in defence spending will be directed.

British Prime Minister Rishi Sunak announced in April that he would lift defence spending to 2.5% of GDP a year by 2030, saying the British arms industry must be on a "war footing" when the world is at its most dangerous... (continue reading...)