TOKYO (Reuters) – Nomura Holdings Inc shares dropped more than 7% early on Thursday after Japan’s biggest brokerage posted a sharp fall in quarterly net profit as worries about a global banking crisis roiled markets and hit its investment banking business. Nomura on Wednesday reported a 76% fall in January-March net profit, joining Wall Street…
SEOUL (Reuters) -South Korean President Yoon Suk Yeol met with Tesla CEO Elon Musk on Wednesday in Washington to call for investment in his country, Yoon’s office said. The two met at Musk’s request as Yoon is in the U.S. for a six-day state visit, said Choi Sang-mok, Yoon’s senior economic secretary, according to a…
By Khalid Abdelaziz and Nadine Awadalla KHARTOUM (Reuters) -Sudan’s army and a paramilitary force battled on Khartoum’s outskirts on Wednesday, undermining a truce in their 11-day conflict, but the army expressed willingness to extend the ceasefire. The army late on Wednesday said its leader, General Abdel Fattah al-Burhan, gave initial approval to a plan to…
By Dan Whitcomb (Reuters) – Former Fox News star Tucker Carlson surfaced publicly on Wednesday for the first time since abruptly leaving the network this week, releasing a videotaped statement in which he criticized the state of public discourse on U.S. television. Carlson in the videotaped statement did not directly address his departure from Fox,…
(Reuters) – U.S. President Joe Biden and South Korean President Yoon Suk Yeol upgraded their commitment to cooperate on maintaining stability in foreign exchange markets at a summit on Wednesday, a senior South Korean economic official said. “It is meaningful that (the two leaders) expressed their willingness to actively cooperate for the financial stability at…
By Luc Cohen NEW YORK (Reuters) -A decorated U.S. Air Force veteran who was an associate of Donald Trump’s former adviser Steve Bannon was sentenced on Wednesday to 4-1/4 years in prison after admitting helping defraud donors to a campaign to build the wall along the U.S.-Mexican border pursued by the former president. Brian Kolfage,…
By Kevin Buckland TOKYO (Reuters) – The euro hovered near a one-year high versus the dollar on Thursday, as Europe’s resilient economy contrasted with banking contagion risks in the United States, the debt ceiling standoff and a potential recession. The risk-sensitive Aussie struggled to stay above the key 66 cent mark, while leading cryptocurrency bitcoin…
By David Morgan and Richard Cowan WASHINGTON (Reuters) – The U.S. House of Representatives on Wednesday narrowly passed a bill to raise the government’s $31.4 trillion debt ceiling that includes sweeping spending cuts over the next decade. The bill isn’t expected to pass the Senate, and President Joe Biden would veto it if it did…
(Reuters) – Asia’s developing economies have seen “very robust” growth but face risks from tightening global financial conditions due to rapid U.S. and European interest rate hikes, Asian Development Bank (ADB) President Masatsugu Asakawa said on Thursday. In an online event, Asakawa also said stronger-than-expected growth in China’s economy may put additional inflationary pressure on…
By David Lawder WASHINGTON (Reuters) – The U.S. Trade Representative’s office added Belarus to an intellectual property rights watch list over a new law allowing the unauthorized use of copyrighted works from countries sanctioning Belarus for its support of Russia’s war in Ukraine. USTR’s 2023 Special 301 Report on U.S. trading partners intellectual property (IP)…
