By Leika Kihara TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida on Tuesday urged the central bank to maintain its ultra-loose monetary policy, brushing aside the idea of using interest rate hikes to prevent further declines in the yen. Prospects of widening U.S.-Japan interest rate differentials have pushed the yen down to two-decade lows against the…
LJUBLJANA, Slovenia (AP) — The winner of last weekend’s parliamentary election in Slovenia said Tuesday he hopes to have a new government formed by mid-June. Robert Golob, the leader of the Freedom Movement party, spoke after meeting with President Borut Pahor. The meeting was Golob’s first public appearance since he had tested positive for COVID-19…
By Bansari Mayur Kamdar and Devik Jain (Reuters) -U.S. stock indexes were set to open lower on Tuesday as investors waited to see if earnings from Big Tech companies this week will provide support to a market worried about high inflation and slowing global growth. Market-leading growth stocks have been hammered this year as investors…
By Nilanjana Basu and Mike Stone -Aerospace and defense firm Raytheon Technologies Corp lowered its full-year revenue forecast on Tuesday, blaming the loss of sales to Russia due to Western sanctions imposed over the war in Ukraine. Shares in the U.S. company fell 2% in pre-market trading to $97.53. As a large number of U.S….
WARSAW, Poland (AP) — The death toll from two coal mine accidents last week in southern Poland has risen to 13 after another injured miner died Tuesday, a doctor said. The miner died at the Siemianowice Slaskie hospital, which specializes in treating burns, where 20 other coal mine workers were still being treated for injuries…
(Reuters) – Stand-up comedian and Hollywood actor Kevin Hart on Tuesday launched a new media company called HARTBEAT, with a $100 million investment from private equity firm Abry Partners. Abry, which focuses on investments in the media, communication and information services space, took a minority stake in the company at an undisclosed valuation. Hart, known…
DUBAI (Reuters) – Emirates will refurbish more of its existing fleet than previously planned, its chief commercial officer said on Tuesday, as the airline faces delays to deliveries of new Boeing jets and seeks assurances over concerns with the Airbus A350s it ordered. The Gulf carrier is spending over a $1 billion to refurbish the…
LONDON — Prime Minister Boris Johnson says Britain does not want war “to escalate beyond Ukraine’s borders,” and rejected an allegation by Moscow that the West is fighting a proxy conflict with Russia. But Johnson said Ukrainians “are being attacked from within Russian territory” and “have a right to protect and defend themselves” by striking…
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) -Japan has prepared an emergency relief package worth $103 billion to cushion the economic blow from rising raw material costs, and plans further steps later this year to promote long-term reforms, Prime Minister Fumio Kishida said on Tuesday. Kishida is under pressure to ramp up fiscal spending…
(Reuters) – Valero Energy Corp on Tuesday reported a first-quarter profit compared to a year-ago loss, thanks to higher demand for fuel and refined products. Net profit attributable to the company’s stockholders was $905 million, or $2.21 per share, for the three months ended March 31, compared with a loss of $704 million, or $1.73…
