Reuters

(Reuters) - Kim Godwin decided to step down from her position as president of Disney-owned ABC News, the executive said in an internal memo seen by Reuters on Sunday night.

No successor has been named for the position.

"I have decided to retire from broadcast journalism," Godwin said in the memo.

"Anyone who's passionate about what we do knows there's no other business like it, so this was not an easy or quick decision.... (continue reading...)

BEIJING (Reuters) - China's services activity expansion slowed a touch amid rising costs, but growth in new orders accelerated and business sentiment rose solidly in a boost to hopes of a sustained economic recovery, a private sector survey showed on Monday.

The Caixin/S&P Global services purchasing managers' index (PMI) eased to 52.5 from a 52.7 in March, remaining in expansionary territory for the 16th straight month. The 50-mark separates expansion... (continue reading...)

By Florence Tan

SINGAPORE (Reuters) - Oil futures edged up on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a Gaza ceasefire deal appeared slim, renewing fears the Israel-Hamas conflict could still widen in the key oil producing region.

Brent crude futures climbed 28 cents, or 0.3%, to $83.24 a barrel at 0119 GMT, while U.S. West Texas Intermediate crude futures were at $78.40 a barrel, up 29... (continue reading...)

By Mohi Narayan

NEW DELHI (Reuters) - Global petrol demand growth could halve in 2024, squeezing second-half refinery margins, analysts said, driven by a shift to electric cars in China and the United States and a return to normal consumption after last year's bounce following COVID-19.

In the lowest growth since 2020, demand is likely to rise 340,000 barrels per day (bpd), to stand at 26.5 million bpd this year, says consultancy Wood... (continue reading...)

By Ankur Banerjee

SINGAPORE (Reuters) - The dollar was broadly steady on Monday as a soft U.S. jobs report boosted wagers that the Federal Reserve may still cut rates twice this year, while the yen was a tad weaker to start the week.

The yen had clocked last week its strongest weekly gain in more than 17 months following two bouts of suspected Japanese government interventions to pull the currency away from 34-year low of 160.245 per... (continue reading...)