NUSA DUA, Indonesia (Reuters) – U.S. Treasury Secretary Janet Yellen will meet with South Korean President Yoon Suk-yeol and other senior officials in Seoul on Tuesday as she wraps up her first visit as secretary to the Indo-Pacific region, the Treasury Department said. During her meetings in Seoul, Yellen will continue to push for a…
By Sumeet Chatterjee and Lawrence White HONG KONG/LONDON (Reuters) -HSBC Holdings Plc is set to speed up its exit from non-core markets and deploy additional capital in Asia, in a bid to push back against a breakup proposal put forward by its biggest shareholder, two people with knowledge of the matter said. Ping An Insurance…
(Reuters) – New Zealand’s infrastructure investment company Infratil Ltd said on Monday Vodafone New Zealand would sell its passive mobile tower assets for NZ$1.7 billion ($1.05 billion) to funds managed by two global investment firms. The sale follows a flurry of divestments by telecom firms as they cut debt and focus on their active mobile…
STOCKHOLM (Reuters) – Ailing Scandinavian airline SAS and striking pilot unions will resume negotiations on Monday, public broadcaster NRK said, after failing to reach new collective agreements over the weekend. Most SAS pilots in Sweden, Denmark and Norway walked out on July 4 after talks over conditions related to the carrier’s rescue plan collapsed. The…
KYIV (Reuters) – Ukraine’s central bank has sold $12.4 billion of gold reserves since the beginning of Russia’s invasion on Feb. 24, the bank’s deputy head said on Sunday. “We are selling (this gold) so that our importers are able to buy necessary goods for the country,” Deputy Governor Kateryna Rozhkova told national television. She…
ROME (AP) — Several hundred flights were canceled in Italy on Sunday, a peak vacation travel day, because of four-hour walkouts involving employees of low-cost airlines as well as air traffic controllers. A union official, Fabrizio Cuscito, told Italian state TV that some 500 flights were scrapped. Airline workers are seeking better pay as well…
By David Shepardson LONDON (Reuters) – Boeing’s defense chief said on Sunday it had learned lessons from a contract to supply the U.S. presidency with new Air Force One aircraft, which has cost the planemaker almost $1 billion in charges and is up to three years behind schedule. Ted Colbert did not give details of…
WASHINGTON (Reuters) – U.S. gasoline prices will likely fall further towards $4 a gallon, a top U.S. envoy for energy security said on Sunday, after exceeding $5 a gallon earlier this year for the first time in history. Speaking on CBS’s “Face the Nation,” Amos Hochstein, senior U.S. State Department adviser for energy security, also…
By Steven Scheer JERUSALEM (Reuters) -Israeli airlines plan to expand and open new routes to India and other Asian destinations after Saudi Arabia announced it would allow unfettered access to its airspace, a move that would save fuel costs and reduce flight times. In the absence of open relations between the countries, however, and given…
By Tim Hepher and David Shepardson FARNBOROUGH, England (Reuters) – Boeing will seek to shore up its troubled 737 MAX 10 and 777X jets with orders officially worth over $15 billion from Delta Air Lines and Lufthansa this week, as the aerospace industry swelters at its largest event since COVID-19. Industry sources said the U.S….
