SEOUL (Reuters) -South Korea's government is looking into various plans to improve relations with North Korea, a spokesperson for South Korea's Unification Ministry said on Monday.
The comment was in response to a media report that South Korea is considering allowing individual tours to North Korea.
Koo Byung-sam, a spokesperson for the ministry that handles inter-Korea affairs, refused to comment on a "particular issue".
... (continue reading...)By Dharamraj Dhutia and Jaspreet Kalra
MUMBAI (Reuters) -The Indian rupee will likely take cues from how far the dollar's nascent recovery extends this week, while bonds will move based on expectations of interest rate cuts by the local central bank.
The rupee closed at 86.1475 on Friday, down 0.4% on the week. It is expected to hover between 85.80 and 86.70 in the near-term with a slight weakening bias, according to traders.
... (continue reading...)SHANGHAI (Reuters) -China kept benchmark lending rates unchanged on Monday, as forecast, after it reported slightly better-than-expected second-quarter economic data.
WHY IT'S IMPORTANT
Signs of economic resilience effectively reduced any urgency for further stimulus, while analysts widely expect persistent weak domestic demand warrants some monetary easing later this year.
BY THE NUMBERS
The one-year loan prime... (continue reading...)
SINGAPORE (Reuters) -Oil prices barely budged on Monday as traders eyed the impact of new European sanctions on Russian oil supply, rising output from Middle East producers and concerns about fuel outlook as tariffs weighed on global economic growth.
Brent crude futures rose 5 cents to $69.33 a barrel by 0040 GMT after settling 0.35% higher on Friday. U.S. West Texas Intermediate crude was at $67.36 a barrel, up 2 cents, following a 0.30% gain in the... (continue reading...)
By Wayne Cole
SYDNEY (Reuters) -Asian shares and the yen held their ground on Monday as Japanese elections proved bad for the government but no worse than already priced in, while Wall Street futures braced for earnings from the first of the tech giants.
Investors were also hoping for some progress in trade talks ahead of President Donald Trump's August 1 tariff deadline, with U.S. Commerce Secretary Howard Lutnick still confident a deal... (continue reading...)
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