By Rodrigo Campos, David Lawder and Libby George (Reuters) -Pakistan needs significant additional financing for a successful completion of the long-stalled ninth review of the International Monetary Fund’s bailout package, the IMF said in a scheduled press conference on Thursday. Obtaining commitments of “significant additional financing” is essential before the IMF approves the release of…
By Marianna Parraga HOUSTON (Reuters) -Refiner Citgo Petroleum Corp has reported first-quarter net profit of $937 million on firm motor fuel demand, refining output and margins, a strong result that could help the Venezuela-owned company negotiate with creditors. The profit, compared with $245 million in the same period last year, continued a string of solid…
By Ankika Biswas and Sruthi Shankar (Reuters) -Europe’s benchmark STOXX 600 was unchanged on Thursday as a drag by Germany’s Bayer and energy stocks offset an earlier rise on hopes of a pause in the Federal Reserve’s interest rate hike campaign amid supportive U.S. economic data. The pan-European STOXX 600 index closed flat, after rising…
By Melanie Burton MELBOURNE (Reuters) – Shares in Australian-listed lithium miners jumped on Thursday after a $10.6 billion merger in the sector raised expectations for more consolidation among producers of the key metal in electric vehicle batteries. The tie up between Allkem Ltd and Livent announced on Wednesday will create the world’s third-biggest producer of…
By Marc Jones LONDON (Reuters) -Tunisia and Egypt are edging closer to major debt crises that could suck in a volatile North Africa region and pose tough choices to wealthy Gulf Arab neighbours, investors and analysts warn. The countries are already being challenged by shortages of essential goods and financial market dysfunction and in Tunisia’s…
By Matt Spetalnick, David Brunnstrom and Michael Martina WASHINGTON (Reuters) -China is facing a growing backlash from the United States and other Western governments over its controversial efforts to pressure dissidents and their advocates abroad, but Beijing has appeared undeterred. Authorities in the U.S., Canada, Britain and elsewhere recently have taken a hard line,…
By Jonathan Landay and Doina Chiacu WASHINGTON (Reuters) -Iran has continued supplying weapons and drugs that fuel the Yemen war despite its agreement to restore diplomatic ties with Saudi Arabia, U.S. Special Envoy for Yemen Tim Lenderking said on Thursday. The Chinese-brokered accord reached in March, talks between Saudi Arabia and Yemen’s Iran-aligned Houthis, and a…
MOSCOW (Reuters) – A Russian court fined Alphabet’s Google <GOOGL.O> 3 million roubles ($38,600) on Thursday for failing to delete YouTube videos it said promoted “LGBT propaganda” and “false information” about Russia’s military campaign in Ukraine, Russian news agencies reported. Over the last year Moscow has levied dozens of fines against Western tech companies as…
By Blake Brittain (Reuters) – U.S. Circuit Judge Pauline Newman of the Federal Circuit sued the appeals court’s chief judge and others in Washington federal court on Wednesday, seeking to block their investigation into her fitness to hold office. Newman, who is 95, said in her complaint that the probe violated her constitutional rights, and…
By Daniel Leussink TOKYO (Reuters) -Nissan Motor Co on Thursday flagged a better-than-expected 38% rise in profit this year on stronger sales, a rosier outlook for the Japanese automaker as it retools its often difficult alliance with Renault and faces headwinds in China. The bullish forecast, which comes as Nissan is pushing to turn itself…
