Ben & Jerry’s parent firm Unilever ‘firmly committed’ to Israel

The chief executive of Unilever on Thursday said the global consumer goods giant remains “fully committed” to doing business in Israel, distancing himself from this week’s announcement by the company’s Ben & Jerry’s ice cream brand to stop serving Israeli settlements in the occupied territories of the West Bank and East Jerusalem. Ben & Jerry’s … Read more

Hong Kong jumps nearly 2% as Asia-Pacific stocks rise; bitcoin bounces back

SINGAPORE — Shares in Asia-Pacific were higher on Thursday, with markets in Japan closed for a holiday. Hong Kong’s Hang Seng index was among the biggest gainers regionally, rising 1.83% to close at 27,723.84. Shares of China Evergrande Group surged 7.87%. Those gains came after the indebted developer announced it has solved legal disputes with China Guangfa Bank, according to … Read more

China’s crude oil runs hit record highs in June

BEIJING (Reuters) – China’s crude oil throughput hit a record high in June, rising 3.9% on a daily basis from the previous record set in May as more refineries resumed operations after maintenance. The country processed 60.82 million tonnes of crude oil last month, or 14.8 million barrels per day (BPD), data from the National … Read more

Dollar solidly poised near 3-month high after Fed minutes reaffirm taper timeline

The dollar traded near its highest in three months versus major peers on Thursday after minutes of the Federal Reserve’s June policy meeting confirmed the world’s biggest central bank is moving toward tapering its asset purchases as soon as this year.The dollar index, which measures the greenback against six rivals, edged up to 92.759 after touching … Read more

Jeff Bezos steps down as Amazon CEO as retailer starts new chapter

Amazon founder Jeff Bezos stepped down as CEO on Monday, handing over the reins as the company navigates the challenges of a world fighting to emerge from the coronavirus pandemic. Andy Jassy, who ran Amazon’s cloud-computing business, replaced Bezos, a change the company announced in February. Bezos, Amazon’s biggest shareholder with a stake worth about $180 … Read more

Asian shares slip, deepen weekly loss after hawkish Fed

SHANGHAI, June 18 (Reuters) – Asian shares extended losses for the week, U.S. Treasury yields climbed and the greenback hovered near two-month highs on Friday as investors digested comments from the U.S. Federal Reserve projecting rate hikes in 2023. While the Fed messaging indicated no clear end to supportive policy measures such as bond-buying, signals … Read more