By Andrew Hayley XIAN, China (Reuters) -Chinese President Xi Jinping on Friday unveiled a grand plan for Central Asia’s development, from building infrastructure to boosting trade, taking on a new leadership role in a region that has traditionally been a Russian sphere of influence. China is ready to coordinate development strategies with Kazakhstan, Kyrgyzstan, Tajikistan,…
By David Lawder WASHINGTON (Reuters) -The U.S. and Taiwan reached agreement on the first part of their “21st Century” trade initiative, covering customs and border procedures, regulatory practices, and small business, the U.S. Trade Representative’s office said on Thursday. After the initial agreement of the U.S.-Taiwan Initiative on 21st Century Trade is signed, negotiations will…
(Reuters) – Top advertising agency GroupM has told its clients that it no longer considers Twitter “high-risk” and is “cautiously optimistic” about the appointment of Linda Yaccarino as its new chief, the Financial Times reported on Friday. Yaccarino will take over the social media platform beset with challenges and a heavy debt load, after she…
(Reuters) – Top advertising agency GroupM has told its clients that it no longer considers Twitter “high-risk” and is “cautiously optimistic” about the appointment of Linda Yaccarino as its new chief, the Financial Times reported on Friday. Yaccarino will take over the social media platform beset with challenges and a heavy debt load, after she…
By Sinead Cruise LONDON (Reuters) – A dearth of deals, banking sector ructions and most recently the aftershocks of the demise of Credit Suisse have rapidly redrawn the European financial services industry jobs map this year. One example is banks in the region opportunistically targeting high-flyers affected by the impending takeover of Switzerland’s second largest…
By Lucy Craymer WELLINGTON (Reuters) – A 48-year-old homeless man appeared in New Zealand court on Friday on two charges of arson as police found a fifth body in the burnt out remains of a hostel in the capital Wellington. A blaze broke out on the top floor of the Loafers Lodge in the suburb of Newtown…
By David Randall NEW YORK (Reuters) – A potential deal to lift the U.S. debt ceiling could spur money managers to pare holdings in the massive technology and growth stocks that have been havens this year and shift into the rest of the market, some investors believe. Strong balance sheets and predictable cash flows have…
By Joice Alves LONDON (Reuters) – Big European companies have delivered significantly stronger than expected first-quarter results, defying a challenging economic backdrop that includes surging inflation and rising interest rates. But European stocks are down from a 14-month high in April, as investors worry about the health of the global economy, falling customer demand and…
BRASILIA (Reuters) – Brazil’s Finance Minister Fernando Haddad on Thursday suggested that the country’s new government is looking at adjusting the timeline for achieving its inflation target. He said in an interview with CNN that he thinks it makes no sense to commit to achieving an inflation target by the end of each year, adding:…
BRASILIA (Reuters) – Brazil’s Finance Minister Fernando Haddad on Thursday suggested that the country’s new government is looking at adjusting the timeline for achieving its inflation target. He said in an interview with CNN that he thinks it makes no sense to commit to achieving an inflation target by the end of each year, adding:…
