BEIJING (Reuters) -China supports Myanmar in finding its own path to development and urges the international community to respect its sovereignty and help it achieve peace and reconciliation, China’s foreign ministry said on Wednesday. Myanmar had been largely shunned by Western countries since its military overthrew an elected government led by Nobel Peace Prize laureate…
By Leika Kihara and Jihoon Lee INCHEON, South Korea (Reuters) -Japan and South Korea held their first finance leaders’ meeting in seven years on Tuesday and agreed to resume regular dialogue as tensions in the wider region and slowing growth prod them to increase co-operation and mend strained relations. The resumption of bilateral financial discussions…
By Leika Kihara and Jihoon Lee INCHEON, South Korea (Reuters) -Japan and South Korea held their first finance leaders’ meeting in seven years on Tuesday and agreed to resume regular dialogue as tensions in the wider region and slowing growth prod them to increase co-operation and mend strained relations. The resumption of bilateral financial discussions…
By Brendan O’Boyle and Kylie Madry MEXICO CITY (Reuters) -The United States will continue to accept migrants from Cuba, Haiti, Nicaragua, and Venezuela under a humanitarian program after May 11, when the COVID-19 health policy known as Title 42 is set to end, the U.S. and Mexican governments said on Tuesday. Mexico, for its part,…
(Reuters) – S&P Global on Tuesday slashed First Republic Bank’s credit rating deeper into junk territory after California banking regulators seized the U.S. lender and sold its assets. S&P cut its rating to ‘CC’ from ‘B+’ and said it expects default to be a “virtual certainty”. On Monday, JPMorgan Chase & Co struck a deal…
By Manya Saini, Niket Nishant and Koh Gui Qing (Reuters) -Hindenburg Research, the short investor whose reports on companies have erased a big chunk of their value, criticized Icahn Enterprises LP (IEP) on Tuesday over the reporting of its finances, leading to a 20% drop in the shares of activist investor Carl Icahn’s firm. The…
By Chris Thomas, Dhanya Skariachan and Tanvi Mehta BENGALURU (Reuters) -Cash-strapped Indian airline Go First filed for bankruptcy on Tuesday, blaming “faulty” Pratt & Whitney engines for the grounding of about half its fleet. The move marks the first major airline collapse in India since Jet Airways filed for bankruptcy in 2019, and underscores the…
By Chris Thomas, Dhanya Skariachan and Tanvi Mehta BENGALURU (Reuters) -Cash-strapped Indian airline Go First filed for bankruptcy on Tuesday, blaming “faulty” Pratt & Whitney engines for the grounding of about half its fleet. The move marks the first major airline collapse in India since Jet Airways filed for bankruptcy in 2019, and underscores the…
(Reuters) – Twitter chief Elon Musk has “threatened” to reassign National Public Radio’s Twitter account to another company, the U.S.-based broadcaster said on Tuesday. Musk suggested that he would reassign the network’s main account, under the @NPR handle, to another organization or person, NPR said. NPR stopped posting content to its 52 official Twitter feeds…
SYDNEY (Reuters) – Australian retail sales grew at their slowest annual pace in 14 months in March in a warning sign for consumption that will only get worse following a surprise hike in interest rates this week. Retail sales rose a modest 0.4% in March from February, when they edged up just 0.2%, data showed…