By Tetsushi Kajimoto TOKYO (Reuters) -Debt-laden Sri Lanka should be able to conclude a new round of restructuring talks by September or November at the latest, its president said on Thursday, adding that the negotiations had made “remarkable” progress. The island nation defaulted on its foreign debt for the first time in its history in…
By Peter Hobson (Reuters) – The United Arab Emirates has become a key trade hub for Russian gold since Western sanctions over Ukraine cut Russia’s more traditional export routes, Russian customs records show. The records, which contain details of nearly a thousand gold shipments in the year since the Ukraine war started, show the Gulf…
By Dave Graham MEXICO CITY (Reuters) -Mexican President Andres Manuel Lopez Obrador’s increasing attacks on adversaries and interventions in the economy are part of a calculated drive to cement his legacy and consolidate support for his successor in an election next year. The veteran leftist on Friday spooked investors when he ordered the temporary occupation…
LONDON (Reuters) – British retail sales declined this month after a modest rise in April but stores expect sales volumes to stabilise in June as consumer confidence improves and energy prices fall, a survey showed on Thursday. The Confederation of British Industry’s (CBI) monthly distributive trades index fell to -10 in May from +5 in…
MILAN (Reuters) – Stellantis has invested in Lyten to help the U.S. startup develop applications for lithium-sulfur EV batteries, lightweight composites and on-board sensing solutions, the two companies said on Thursday. The investment, through Stellantis’ venture capital arm Stellantis Ventures, aims to help the world’s third largest carmaker by sales simplify its supply chain and…
(Reuters) – Medtronic Plc beat Wall Street estimates for quarterly profit on Thursday, helped by a recovery in non-urgent surgical procedures that were delayed during the pandemic as well as strong demand for its heart and diabetes devices. Excluding items, the Dublin-based medical device maker reported a profit of $1.57 per share for the fourth…
BERN (Reuters) – The Swiss government on Thursday moved to speed up work on extending a public liquidity backstop Credit Suisse received access to in March under emergency rules to other systemically important banks and make it a permanent part of regulatory framework. Provision of state-guaranteed cash for such banks were they to fall in…
By Joanna Plucinska GENEVA (Reuters) – A drop in tech stock valuations, economic pressures, and a risk-averse investment environment in Europe are some of the hurdles air taxi firms like Germany’s Lilium NV and Volocopter are facing, according to CEOs from the industry. Electric vertical takeoff and landing aircraft (eVTOL) have been touted as the…
By James Oliphant MIAMI (Reuters) – As he toured the country before the formal announcement of his presidential bid on Wednesday, Florida Governor Ron DeSantis regaled crowds with the story of his surprising re-election victory last year in sprawling, largely Hispanic Miami-Dade County. It was the first time a Republican had won the Democratic-leaning county…
A look at the day ahead in U.S. and global markets from Mike Dolan Two of the year’s dominant themes vied for investor attention overnight as the debt ceiling impasse threatened the U.S. government’s credit rating and chipmaking giant NVIDIA soared almost 30% on the artificial intelligence boom. Even though White House and congressional Republican…
