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Bond yields climb, stocks under pressure as Fed cut doubts resurface May 28, 2024 10:32PM

By Kevin Buckland

TOKYO (Reuters) -U.S. Treasury yields pushed to a near four-week peak on Wednesday, lifting their Asia-Pacific counterparts and the dollar while pressuring equities, as data sowed new doubts about the timing and extent of Federal Reserve rate cuts.

Crude oil rose for a fourth day to reach a four-week high amid speculation OPEC+ will maintain production cuts at a meeting this Sunday.

Benchmark U.S. 10-year... (continue reading...)


Israel sends tanks into Rafah on raids amid Gaza-wide offensive May 29, 2024 05:17AM

By Nidal al-Mughrabi

CAIRO (Reuters) - Israeli tanks conducted a second day of probing attacks across Rafah on Wednesday, after Washington said the assault did not amount to a major ground incursion of the southern Gazan city that U.S. officials had told Israel to avoid.

Israeli tanks advanced to the heart of Rafah for the first time on Tuesday after a night of heavy bombardment, defying an appeal from the International Court of Justice... (continue reading...)


Japan lawmakers want govt to guard against security risks of UFOs May 29, 2024 05:14AM

TOKYO (Reuters) - Two former Japanese defence ministers are among a group of lawmakers planning to form a nonpartisan parliamentary grouping to urge the government to look into unidentified flying objects, founder members said.

Opposition lawmaker Yoshiharu Asakawa cited findings last year by the U.S. government's All-domain Anomaly Resolution Office (AARO) set up to handle such issues, adding that Japan lacked a similar body.

"According... (continue reading...)


Kosovo prepares to house 300 inmates from Denmark, raising human rights concerns May 29, 2024 05:06AM

By Fatos Bytyci and Louise Rasmussen

PASJAK, Kosovo/COPENHAGEN (Reuters) - In a jail in eastern Kosovo, plans are underway to remove all domestic inmates and open the space for foreign prisoners who will be airlifted from Denmark, more than 2,000 kilometers (1,243 miles) away.

Denmark is expected to send 300 inmates to the Balkan country, a first for Kosovo and a move highly criticized by Danish human rights experts.

... (continue reading...)


China to invest more than $830 million in solid-state battery research -source May 29, 2024 05:05AM

BEIJING (Reuters) - China plans to invest more than 6 billion yuan ($830 million) in a government-led project to develop solid-state batteries with six firms eligible for state funding to work on the next-generation technology, a person with direct knowledge of the matter said.

Solid-state batteries hold the promise of improved safety, a longer lifespan and faster charging compared with conventional lithium-ion batteries that use flammable liquid... (continue reading...)


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