By Erwin Seba HOUSTON (Reuters) – A fire burned for a third day on Sunday at Shell Plc’s chemical plant in the Houston suburb of Deer Park, Texas, a company spokesperson said. The fire initially ignited on Friday afternoon in an explosion in an olefins unit, used to make plastics and rubber. The fire was…
KHARTOUM (Reuters) -Fighting could be heard in south Khartoum on Sunday as envoys from Sudan’s warring parties met in Saudi Arabia for talks that international mediators hope will bring an end to a three-week-old conflict that has killed hundreds and triggered an exodus. The U.S.-Saudi initiative is the first serious attempt to end fighting between…
By Roushni Nair (Reuters) -Australia’s Westpac Banking Corp on Monday warned of “intense” mortgage competition pressuring its margins in the current half, and said it was dropping a cost target to instead focus on relative peer performance because of high inflation. Westpac, which previously benefited from a bold cost-cutting strategy, disclosed plans to move away…
By Michael Holden and Alistair Smout LONDON (Reuters) -The late Queen Elizabeth would be “very proud” of King Charles on his coronation, his son William said on Sunday as he celebrated his father at a concert at Windsor Castle, and Britons held thousands of street parties in the king’s honour. Amid pomp and pageantry, Charles…
By Aidan Lewis and Sarah El Safty CAIRO (Reuters) -The Arab League readmitted Syria on Sunday after more than a decade of suspension, consolidating a regional push to normalise ties with President Bashar al-Assad in a move criticised by Washington. The decision said Syria could resume its participation in Arab League meetings immediately, while calling…
(Reuters) – Australia’s Westpac Banking Corp on Monday posted a 22% jump in first-half net profits as margins improved on the back of rising interest rates but warned tough mortgage competition will negatively impact margins going into the second half. Over the past year, aggressive monetary tightening boosted banks’ earnings and margins. However, that could…
SANTIAGO (Reuters) -Chile’s government said that 115 Venezuelan migrants who had been stranded on the border with Peru were repatriated to Venezuela on a humanitarian flight Sunday. Hundreds of migrants, mostly Venezuelans seeking to return home, had been stranded in the country’s northern border after being denied entry into Peru. The incident sparked diplomatic tensions…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian markets are set for a positive start to the week on Monday after strong U.S. jobs data on Friday soothed recession and banking sector fears, and sparked the best day for world equities in five months. The…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian markets are set for a positive start to the week on Monday after strong U.S. jobs data on Friday soothed recession and banking sector fears, and sparked the best day for world equities in five months. The…
By Alistair Smout LONDON (Reuters) -Anti-monarchists on Sunday criticised the policing of the coronation of King Charles as heavy-handed, saying there was no longer a right to peaceful protest in Britain after dozens of protesters were arrested and detained into the night. Police arrested Graham Smith, leader of the Republic group, and dozens others in…
