LONDON (Reuters) – Turkey’s new central bank governor Hafize Gaye Erkan delivered a smaller-than-expected interest rate hike at her first rate meeting on Thursday, sending the lira and the country’s dollar-denominated sovereign bonds sharply lower. The bank lifted its key rate 650 basis points to 15% compared to the median of 21% expected in a…
By Andrew Osborn and Olzhas Auyezov (Reuters) -Ukrainian missiles struck the Chonhar road bridge connecting Crimea with Russian-held parts of the southern Kherson region overnight, forcing traffic to be diverted to a different route, Russian-appointed officials said on Thursday. The so-called “gate to Crimea”, known by Russians with a different spelling as the Chongar Bridge,…
MOSCOW (Reuters) -The Russian chapter of the global environmental campaign group WWF on Thursday said it had cut ties with WWF International after Russia designated WWF as an “undesirable organisation”. The label is equivalent to a ban on the group’s activities in Russia. On Wednesday, the prosecutor-general had accused WWF-Russia of presenting “security threats in…
By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) – The Philippine central bank kept its benchmark interest rate steady at 6.25% for a second straight meeting on Thursday, and its governor hinted the rate could stay there longer with inflation on an easing trend. Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla said…
OAKLAND, California (Reuters) – U.S. memory chip firm Micron Technology, Inc said on Thursday it would invest up to $825 million in a new chip assembly and test facility in Gujarat, India, its first factory in the country. Micron said that with support from the Indian central government and from the state of Gujarat, the…
LONDON (Reuters) – A spokesperson for Amazon declined to comment on Thursday on a Times newspaper report that highlighted talk of potential bid interest in British online supermarket group Ocado. Ocado shares were up 43% by 0923 GMT on the London Stock Exchange following the report. (Reporting by James Davey and Muvija M, Editing by…
By Chuck Mikolajczak NEW YORK (Reuters) -Meta Platforms will return to its former status as a full growth stock after financial data provider FTSE Russell finishes its annual shakeup of its stock index components on Friday. The so-called Russell Reconstitution is important because it causes portfolio managers to scramble to readjust their holdings to better…
By Allison Lampert and Aditi Shah PARIS/NEW DELHI (Reuters) – Standing at a small booth among a row of other Japanese aerospace suppliers at the Paris Airshow, Yoko Konno is excited at the prospect of new orders for her company, but frowns at long delays to get titanium and the rising cost of chemicals. “It…
By Louise Dalmasso PARIS (Reuters) -A French robot that can dive to 20,000 feet (6,000 metres) underwater is on its way to help find a tourist submersible that vanished as it descended to the Titanic wreck and it could help free the sub if it is trapped, its operator said on Wednesday. The unmanned robot,…
(Reuters) – General Electric said on Thursday it has signed a memorandum of understanding with India’s state-owned Hindustan Aeronautics Ltd to make fighter jet engines for the Indian Air Force. The development comes at a time when Indian Prime Minister Narendra Modi is on an official state visit to the United States. The memorandum of…
