By Sergiy Karazy KYIV (Reuters) – Ukraine has not yet launched a planned counteroffensive to win back territory occupied by Russia, and its start will be obvious to everyone when it happens, a senior security official said on Wednesday. Oleksiy Danilov, Secretary of Ukraine’s National Security and Defence Council, dismissed statements by Russian officials who…
BEIJING (Reuters) -China completed a second phase of joint air patrols with Russia over the Western Pacific on Wednesday, following flights on the previous day over the Sea of Japan and East China Sea, prompting concerns in Japan over national security. Both South Korea and Japan scrambled fighter jets on Tuesday, when the Chinese and…
BEIJING (Reuters) – Several Chinese major state banks will lower the yuan deposit rates from Thursday, state media Securities Times reported, a move that could give more room for lower lending costs in an effort to boost the economy. Some big state banks will cut interest rates on demand deposits by 5 basis points to…
(Reuters) -Diageo on Wednesday said long-time boss Ivan Menezes, who held the CEO role at the world’s biggest spirits company for 10 years, had died after a brief illness. The 63-year-old, who was set to retire at the end of this month, was in hospital receiving treatment for conditions including a stomach ulcer, the Johnnie…
(Reuters) -Diageo on Wednesday said long-time boss Ivan Menezes, who held the CEO role at the world’s biggest spirits company for 10 years, had died after a brief illness. The 63-year-old, who was set to retire at the end of this month, was in hospital receiving treatment for conditions including a stomach ulcer, the Johnnie…
BELGRADE (Reuters) -Kosovo must give greater autonomy to Serb-majority municipalities in the north of the country if it wants to move closer to joining NATO and the European Union, the U.S. envoy to the Western Balkans said on Wednesday. Violence has flared since Kosovo authorities installed ethnic Albanian mayors in offices in the municipalities after…
(Reuters) -Australia’s trade minister Don Farrell has warned the European Union that he will not sign on a trade deal unless the bloc opens its market to more Australian farm products, the Financial Times reported on Wednesday. Farrell said an agreement with the bloc was possible only if the EU backed down on its demands…
By Selena Li HONG KONG/BEIJING (Reuters) -Citigroup’s Jane Fraser said the U.S. bank will continue to expand its Chinese business, China’s new financial regulator said, during her first visit to the country since becoming CEO. As Beijing pushes to attract more foreign capital, the National Financial Regulatory Administration (NFRA) said that Fraser held a meeting…
(Reuters) -Canadian discount store chain Dollarama Inc beat market expectations for quarterly sales on Wednesday, benefiting from strong demand for its cheaper groceries and household supplies. With surging prices of groceries and gasoline hammering consumer spending power, cost-conscious buyers have been thronging to dollar stores to snap up on affordable goods, boosting sales at Dollarama….
By Fergal Smith TORONTO (Reuters) – The Canadian dollar is set to rally over the coming 12 months as pressure grows on the Bank of Canada to resume its interest rate hiking campaign and some of the appeal of the U.S. dollar potentially fades, a Reuters poll showed on Wednesday. While the loonie was expected…
