BUCHAREST, Romania (AP) — Doreen Bogdan-Martin of the United States was elected Thursday to head the U.N.’s telecommunications agency, winning a U.S.-Russia face-off for the leadership of a key global agency that sets guideposts for radio, internet and television communications — ending a race that has been overshadowed by geopolitics in the wake of Russia’s…
(Reuters) – The Dow and S&P futures fell for the seventh time in eight sessions on Thursday as investors worried about a global downturn from aggressive rate hikes by central banks and weighed the risk of a potential contagion from a turmoil in UK markets. Megacap growth names such as Amazon.com Inc, Apple Inc, Microsoft…
By Ahmad Ghaddar LONDON (Reuters) -Oil prices fell on Thursday, with a stronger dollar paring the previous day’s more than $3 gain, though losses were capped by indications that the OPEC+ producer group might cut output. Brent crude futures fell $1.18, or 1.3%, to $88.14 a barrel by 0823 GMT and U.S. crude futures dropped…
TOKYO (Reuters) – Japan’s Hitachi Transport System Ltd said on Thursday it had been informed by KKR & Co that the private equity firm’s tender offer for it would be delayed from the initially planned end-September start. In a statement, Hitachi Ltd’s logistics arm cited KKR as saying it would now aim for a mid-November…
By Muyu Xu and Laura Sanicola (Reuters) – Oil prices fell on Thursday after gaining more than $3 in the prior session, with a strong dollar capping oil demand and concerns over the faltering global economic outlook clouding market sentiment. Brent crude futures fell 91 cents, or 1%, to $88.41 per barrel by 0629 GMT,…
OSLO (Reuters) -Sweden’s coast guard discovered a fourth gas leak on the damaged Nord Stream pipelines earlier this week, a spokesperson told the Svenska Dagbladet newspaper. The European Union suspects sabotage was behind the gas leaks on the subsea Russian pipelines to Europe and has promised a “robust” response to any intentional disruption of its…
TOKYO (Reuters) -Toyota Motor Corp said on Thursday global vehicle production grew at a record pace for the month of August, as the sector recovered from the COVID-19 pandemic and production capacity increased, mainly overseas. Vehicle production soared 44.3% in August year-on-year, the first increase since March. The world’s largest automaker by sales produced 766,683…
MINNEAPOLIS (AP) — A Chinese billionaire, one of the richest people in the world, is heading to trial in Minneapolis to defend himself against allegations that he raped a former University of Minnesota student after a night of dinner and drinks in 2018. Richard Liu, the founder and former CEO of e-commerce giant JD.com, has…
BEIJING (AP) — Asian stocks sank again Friday after German inflation spiked higher, British Prime Minister Liz Truss defended a tax-cut plan that rattled investors and Chinese manufacturing weakened. Shanghai, Tokyo, Hong Kong and Sydney retreated. Oil prices edged lower. Wall Street’s benchmark S&P 500 index fell 2.1% on Thursday to its lowest level in…
By Selena Li HONG KONG (Reuters) – Credit Suisse Group AG has named veteran banker Jing Wang as chief executive officer of its Chinese securities joint venture effective immediately, according to an internal memo reviewed by Reuters on Thursday. Wang recently worked as the bank’s head of China onshore wealth management. A Credit Suisse spokesperson…
