By Ben Blanchard, Munsif Vengattil and Aditya Kalra TAIPEI/BENGALURU (Reuters) -Taiwan’s Foxconn has withdrawn from a $19.5 billion semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta, it said on Monday, in a setback to Prime Minister Narendra Modi’s chipmaking plans for India. The world’s largest contract electronics maker signed a pact with Vedanta last year…
LOS ANGELES (Reuters) – Pop superstar Madonna said on Monday that all of the North American dates on her upcoming tour will be postponed while she recovers from a multi-day hospitalization for a serious infection. The “Celebration” tour had been scheduled to kick off this month in Vancouver. Now, the plan is to start the…
By David Shepardson ARLINGTON, Virginia (Reuters) -U.S. lawmakers are considering changes to address concerns about a bill that would give the Biden administration new powers to ban Chinese-owned TikTok, the chair of the Senate Intelligence Committee who has cosponsored the legislation said on Monday. Democratic Senator Mark Warner told Reuters that aggressive lobbying by the…
KYIV (Reuters) -Ukraine said on Monday its troops had caught occupying Russian troops “in a trap” in the shattered eastern city of Bakhmut, where its forces have been gaining ground as part of their counter offensive. Russian accounts of the fighting said Moscow’s forces have repelled or contained Ukrainian advances in the east and south….
By Carolina Mandl NEW YORK (Reuters) – Retail investors bought roughly $7 billion of equities last week, showing a near record appetite for shares since 2016, while U.S. hedge funds trimmed their exposure to global equities, Morgan Stanley said in a note to institutional investors seen by Reuters. The Wall Street bank said retail investors…
QUITO (Reuters) – Nearly a sixth of the inmates in Ecuador’s prisons have not been sentenced, a national census showed on Monday, as President Guillermo Lasso urged the judicial system to be speedier to help ease the burden on overcrowded jails. Lasso, who will leave office later this year after bringing forward elections, told journalists…
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended higher on Monday following last week’s losses, while Federal Reserve officials’ comments bolstered the view that the U.S. central bank may be near the end of its tightening cycle. The S&P 500 added to slight gains before the close, with caution prevailing for much of…
By Panu Wongcha-um and Panarat Thepgumpanat BANGKOK (Reuters) – The role of the monarchy in Thailand is at the core of a looming deadlock that could tip Southeast Asia’s second-largest economy into crisis, with reformers once again vying to dislodge the grip on power of the royalist military establishment. Despite a stunning victory with its…
WASHINGTON (Reuters) – The Marine Corps is now without a Senate-confirmed leader for the first time in over a century thanks to a Republican senator’s block on military nominations. Retiring Gen. David Berger formally relinquished command on Monday as the Marine Corps’ commandant, creating the first of several possible vacancies of Senate confirmed leaders on…
WASHINGTON (Reuters) – U.S. Senate Foreign Relations Committee Chairman Bob Menendez on Monday said there was a temporary “lull” in Turkey’s “aggression against its neighbors” and said he is in talks with the Biden administration about the hold he has on future U.S. sales of F-16 fighter jets to Ankara. Menendez, a Democrat, said in…
