Thursday, June 30, 2022

Financial Post

Financial Post

Germany’s Climate Envoy Breaks With Scholz Over G-7’s Gas Funding

Posted: 30 Jun 2022 05:47 PM PDT

(Bloomberg) — As host of the Group of Seven this year, Germany's President Olaf Scholz pushed his counterparts to agree a deal that opens the door for new gas investments. But his climate envoy, Jennifer Morgan, wasn't impressed. Read More

China not giving material support for Russia’s war in Ukraine -U.S. official

Posted: 30 Jun 2022 05:47 PM PDT

WASHINGTON -- The United States has not seen China evade sanctions or provide military equipment to Russia, a senior U.S. official said on Thursday, adding that enforcement measures taken earlier in the week targeted certain Chinese companies, not the government. Read More

Meta slashes hiring plans, girds for ‘fierce’ headwinds

Posted: 30 Jun 2022 05:45 PM PDT

Facebook-owner Meta Platforms Inc has cut plans to hire engineers by at least 30% this year, CEO Mark Zuckerberg told employees on Thursday, as he warned them to brace for a deep economic downturn. Read More

Japan business mood worsens for 2nd quarter amid rising costs

Posted: 30 Jun 2022 05:39 PM PDT

TOKYO -- Japanese big manufacturers' business confidence soured for a second straight quarter in the three months to June, a central bank survey showed on Friday, hit by rising input costs and supply disruptions caused by China's strict COVID-19 lockdowns. Read More

Japan’s factory activity growth slows in June – PMI

Posted: 30 Jun 2022 05:32 PM PDT

TOKYO -- Japan's factory activity growth slowed in June as supply disruptions in part due to China's strict COVID-19 curbs hurt manufacturers, keeping the economy underpowered and with few catalysts in the short run to spur a robust recovery. Read More

S.Korea June exports log slowest growth in 19 mths, trade gap widens

Posted: 30 Jun 2022 05:32 PM PDT

SEOUL -- South Korea's June exports grew at their slowest pace in 19 months as soaring inflation constrains global demand for Korean goods, widening the trade gap and fueling concerns about both the domestic and world economies. Read More

Hong Kong deploys massive security as Xi set to swear in new leader

Posted: 30 Jun 2022 05:31 PM PDT

HONG KONG -- Authorities deployed a massive security force around Hong Kong on Friday as Chinese President Xi Jinping prepared to swear in the city's new leader and attend celebrations to mark the 25th anniversary of the former British colony's handover to Beijing. Read More

Oil prices rise after falling 3% in previous session

Posted: 30 Jun 2022 05:27 PM PDT

Oil prices edged up in early trade on Friday, after sinking in the previous session as OPEC+ said it would stick to its planned oil output hikes in August and investors worried about the strength of the global economy. Read More

K92 Mining Announces Voting Results of Annual General Meeting of Shareholders

Posted: 30 Jun 2022 05:26 PM PDT

Google to pay $90 million to settle legal fight with app developers

Posted: 30 Jun 2022 05:18 PM PDT

WASHINGTON -- Alphabet Inc's Google has agreed to pay $90 million to settle a legal fight with app developers over the money they earned creating apps for Android smartphones and for enticing users to make in-app purchases, according to a court filing. Read More
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