By Katherine Masters NEW YORK (Reuters) – A bipartisan group of U.S. lawmakers planned to introduce a bill on Wednesday to eliminate a tariff exemption widely used by e-commerce sellers to send orders from China to U.S. shoppers, one of the sponsors said. The exception, known as the de minimis rule, exempts imports valued at…
By Tim Reid, Nathan Layne and Gram Slattery (Reuters) -For decades U.S. Republicans have proudly claimed to be the party of law and order. But the indictment of former President Donald Trump by federal prosecutors over the alleged mishandling of classified documents has led to nearly all of his Republican rivals for the party’s White…
BRUSSELS (Reuters) – Euro zone industrial production rebounded more than expected in April after a slump in March, as a surge in the output of capital goods such as buildings and equipment offset reduced production of consumer goods, data showed on Wednesday. Industrial production in the 20 countries sharing the euro rose 1.0% month-on-month in…
By Ahmed Kingimi MAIDUGURI, Nigeria (Reuters) – The death toll from an overloaded boat that capsized in a remote part of Nigeria’s north central region has risen to more than 100, police and officials said on Wednesday, in one of the worst such disasters in recent years. The wooden boat was ferrying people to Kwara…
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…
