By Guy Faulconbridge MOSCOW (Reuters) – Russian President Vladimir Putin in March announced a plan to deploy tactical nuclear weapons in Belarus, Moscow’s first move of such warheads outside Russia since the 1991 fall of the Soviet Union. What is known about the deployment? WHAT DID PUTIN SAY? Putin’s nuclear deployment is a message to…
By Andrew Goudsward and Sarah N. Lynch (Reuters) -Donald Trump was accompanied by two of his attorneys on Tuesday when he appeared in a Miami courtroom and pleaded not guilty to federal criminal charges. But his defense team is still evolving after at least three key members left in recent weeks. Attorneys Todd Blanche and…
MADRID (Reuters) – Shares in Spanish pharmaceutical Grifols soared on Wednesday morning after it disclosed a plan to reduce its stake in Shanghai RAAS in a deal that would bring in $1.5 billion. Shares in Grifols, which produces drugs made out of blood plasma, were up 8.0% in morning trade after the company announced it…
SHANGHAI (Reuters) – Global investment houses have rushed to downgrade forecasts for the Chinese yuan after it weakened past the closely watched 7 per dollar level, pressured by widening yield differentials with the United States and signs that Beijing is ready to roll out more stimulus to support a bumpy post-COVID economic recovery. The yuan…
By Winni Zhou, Tom Westbrook and Brenda Goh SHANGHAI/SINGAPORE (Reuters) – Bond markets are putting Chinese and global rates on opposite paths, speculating on cuts in China against hikes in the U.S. and prompting banks and Chinese companies to prepare for a weaker currency as Beijing rolls out more stimulus. The yuan fell past the…
By Amanda Cooper LONDON (Reuters) – The dollar hovered around multi-week lows against the euro and sterling on Wednesday, after unexpectedly soft U.S. inflation data cemented the view that the Federal Reserve will not raise interest rates later in the day. China’s yuan sagged to a 6-1/2-month trough after the central bank cut rates, and…
TOKYO (Reuters) – Toyota shareholders backed the board and voted down the first resolution proposed in 18 years at an annual general meeting (AGM) on Wednesday, an endorsement of the automaker a day after it laid out an extensive electric vehicle strategy. EV ROADMAP Toyota aims to produce more efficient, faster-charging versions of current batteries…
By Andy Bruce LONDON (Reuters) – Retailers and the film industry helped Britain’s economy inch higher in April, despite contractions in manufacturing and construction, according to data on Wednesday that pointed to slow growth rather than recession. Britain’s economy grew by 0.2% month-on-month in April, the Office for National Statistics said, matching the consensus in…
(Reuters) – Hasso Plattner, co-founder of German software firm SAP, concluded an agreement with a bank, which was not named, to dispose of nearly 1.46 million shares of the company, a disclosure release said on Wednesday. Plattner, who according to Refinitiv data personally owns a 3.16% stake and a 3.44% stake via his foundation, intends…
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s central bank expects further gradual policy tightening as the benchmark rate is not at neutral levels yet and core inflation remains elevated, officials said on Wednesday. The Bank of Thailand (BOT) has increased rates six times since August as policymakers stepped up efforts to tame…
