By Georgina Lee HONG KONG (Reuters) – The 24 companies that debuted the yuan-denominated stock trading scheme in Hong Kong attracted a small fraction of their stocks’ trading volume on Monday, as interest in using the new currency option was dwarfed by the Hong Kong dollar. Hong Kong Exchanges & Clearing began the so-called HKD/RMB…
By Julia Payne BRUSSELS (Reuters) – Europe is in danger of losing the race to become a global battery powerhouse as access to raw materials remains a major roadblock along with rising costs and fierce competition, a report by the European Court of Auditors (ECA) said on Monday. The report warned that the European Union…
By Simon Jessop and Olena Harmash LONDON (Reuters) -Ukraine is seeking up to $40 billion to fund the first part of a “Green Marshall Plan” to rebuild its economy, including developing a coal-free steel industry, a senior Ukrainian official said ahead of an international summit. Politicians and financiers will discuss short-term funding issues as well…
By Iain Withers LONDON (Reuters) -The dollar edged higher and the UK pound was near a 14-month peak on Monday as investors digested a slew of monetary policy decisions by central banks last week and looked ahead to a crunch decision by the Bank of England on Thursday. Currency market moves have been dominated by…
By Dmitriy Turlyun MELEKHOVO, Russia (Reuters) -The trial of Russian opposition leader Alexei Navalny on new charges of “extremism” will take place behind closed doors, a court spokesman said on Monday. The decision means media will be excluded from proceedings against President Vladimir Putin’s most prominent and vocal opponent that could extend his prison term…
By Giuseppe Fonte and Elvira Pollina ROME (Reuters) – Telecom Italia (TIM) is leaning towards entering talks with KKR over the sale of its prized landline grid, two sources said, as the U.S. fund’s offer is seen as preferable to a rival bid tabled by a consortium led by state lender CDP. KKR’s approach incorporates…
BANGKOK (Reuters) -Thailand on Monday justified hosting talks aimed at re-engaging with Myanmar’s shunned military, saying dialogue was necessary to protect its border with the strife-torn country, even as top diplomats of key Southeast Asian neighbours stayed away. Myanmar’s generals have been barred from high-level meetings of the 10-member Association of Southeast Asian Nations (ASEAN)…
By Naomi Rovnick and Stella Qiu LONDON, SYDNEY (Reuters) -Global shares fell from 14-month highs hit last week, as investors awaited testimony from U.S. Federal Reserve Chair Jerome Powell in markets that remain dominated by monetary policy bets. The MSCI’s broad gauge of world stocks softened by 0.3%, with Wall Street markets closed for the…
By Naomi Rovnick and Stella Qiu LONDON, SYDNEY (Reuters) -Global shares fell from 14-month highs hit last week, as investors awaited testimony from U.S. Federal Reserve Chair Jerome Powell in markets that remain dominated by monetary policy bets. The MSCI’s broad gauge of world stocks softened by 0.3%, with Wall Street markets closed for the…
(Reuters) – The Canadian government on Monday said it sanctioned Iranian judges over alleged human rights abuses, adding that the step would prohibit dealings with them and freeze any assets they may have held in Canada. “Today’s sanctions list 7 individuals for their role in gross and systematic human rights violations in Iran’s criminal justice…
