By Matthew Chye (Reuters) – Chile’s President Gabriel Boric announced on Thursday he would nationalise the country’s vast lithium industry to boost the economy and protect the environment. The shock announcement is the latest in a trend as countries look to assert greater control over key resources amid intensifying competition for materials that are crucial…
LONDON (Reuters) -Glencore on Friday reported lower copper, zinc and nickel production in the first quarter but said it expects its trading division to exceed the top end of annual guidance. The miner and trader, which is pursuing a takeover bid for Canada’s Teck Resources, left overall 2023 guidance for copper unchanged at 1.04 million…
PARIS (Reuters) – French police is allowed from Friday to use drones equipped with cameras for a wide range of tasks including crowd monitoring and border control, following the publication of a decree in the Official Journal on Thursday. This comes just over a year before the Paris 2024 Olympics and at a time when…
By Hyonhee Shin SEOUL (Reuters) -North Korea’s position as a nuclear weapons state will remain an undeniable reality as it builds up its forces until military threats from the United States and its allies are eliminated, state news agency KCNA said on Friday. It was quoting comments by North Korean Foreign Minister Choe Son Hui…
By Tom Westbrook SINGAPORE (Reuters) – Asian stocks slid toward their worst week in a month-and-a-half on Friday and oil nursed losses, while bonds enjoyed their best bid in weeks as U.S. data and earnings showed signs of weakness. Figures showed more Americans filing claims for jobless benefits and manufacturing activity in the mid-Atlantic region…
By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s financial system has remained “sound and resilient” despite heightened financial sector jitters in the West stemming from U.S. bank failures in March, the Bank of Japan said in its semi-annual financial system report. However, the central bank also said that vigilance against tail risks were warranted. “Future developments…
OSLO (Reuters) -Norway’s sovereign wealth fund, one of the world’s largest investors, said on Friday it will support a plan by Canadian miner Teck Resources to spin off its metallurgical coal business and focus on copper and zinc. By voting in favour of the Teck board’s proposed spin-off at a meeting of shareholders on April…
BERLIN (Reuters) – German business activity expanded for a third month running in April, boosted by a services sector revival that more than offset a manufacturing decline in Europe’s largest economy, a preliminary survey showed on Friday. The HCOB German Flash Composite Purchasing Managers’ Index (PMI), compiled by S&P Global, rose to a 12-month high…
TOKYO (Reuters) – Japan’s largest airline ANA Holdings Inc on Friday raised its profit estimate for the just-ended fiscal year, citing a decline in fuel costs and an uptick in the yen. The company now expects operating profit of 120 billion yen ($897 million) in the year through March 2023, up from an earlier guidance…
By John Revill ZURICH (Reuters) -Holcim AG shrugged off concerns about rising interest rates dampening building industry demand as the world’s biggest cement maker raised its full-year guidance after beating first-quarter forecasts. U.S. construction spending declined in February, data showed this month, as the housing market bore the brunt of aggressive interest rate hikes by…
