(Reuters) -Brazilian President Luiz Inacio Lula da Silva on Friday said the European Union’s latest proposal for a trade deal with South American bloc Mercosur made reaching an agreement impossible as it included a “threat” to Brazil. The Brazilian leader was referring to the EU’s addendum to the deal attaching sustainability and climate change commitments…
By Brad Brooks and Daniel Trotta (Reuters) – The first fatal accident aboard a deep-sea tourist submersible is certain to raise calls for additional safety regulations, but industry experts say any new measures may be impossible to enforce given the international nature of the business. Moreover, they say the tragedy of the Titan submersible that…
A look at the day ahead in U.S. and global markets from Mike Dolan Just as world stock prices raced ahead this month, broader business activity appeared to be stalling again. Surprisingly soft readings from flash business surveys for June show that in the euro zone at least overall factory and service sector growth almost…
(Reuters) – Global equity funds suffered substantial outflows during the seven days to June 21 amid concerns over borrowing costs staying higher for longer as the European Central Bank raised interest rates and the Federal Reserve signalled more hikes. Investors withdrew a net $15.12 billion from global equity funds which had seen net inflows of…
WASHINGTON (Reuters) – Indian Prime Minister Narendra Modi will meet U.S. and Indian business leaders in Washington on Friday, the final day of a state visit marked by pledges of deeper U.S.-India cooperation on areas including space, artificial intelligence and quantum computing. President Joe Biden rolled out the red carpet for Modi on Thursday, declaring…
By David Milliken and Suban Abdulla LONDON (Reuters) -The Bank of England surprised many investors by raising interest rates half a percentage point on Thursday, saying there had been “significant” news suggesting Britain’s persistently high inflation would take even longer to fall. The BoE’s Monetary Policy Committee (MPC) voted 7-2 to raise its main interest…
By Pratima Desai and Clara Denina LONDON (Reuters) -Newmont has declared force majeure on deliveries of some metal products from its Peñasquito mine in Mexico, the U.S.-listed miner told Reuters, citing strike action as a constraint on output. Peñasquito is a major producer of zinc and lead, as well as gold. In a February outlook,…
LONDON/FRANKFURT (Reuters) -Euro zone business growth stalled this month as a manufacturing recession deepened and a previously resilient services sector barely grew, leaving the European Central Bank in a policy dilemma as it presses ahead with rate hikes to fight inflation. HCOB’s flash Composite Purchasing Managers’ Index (PMI) for the 20 nations sharing the euro…
(Reuters) -The U.S Attorney’s Office in Brooklyn, New York, has sent inquiries in recent months to investors with large holdings in Adani Group, focused on what the Indian ports-to-power giant told them, Bloomberg News reported on Thursday. The U.S. Securities and Exchange Commission also has a similar probe underway, Bloomberg reported, citing two people familiar…
By Napat Wesshasartar BANGKOK (Reuters) – Climate change might have stimulated a plankton bloom that caused thousands of dead fish to wash up along a 3- to 4-kilometre stretch of beach in Thailand’s southern Chumphon province, an expert said. Thon Thamrongnawasawat, deputy dean of the Faculty of Fisheries at Kasetsart University, attributed the fish deaths…
