BEIJING (Reuters) – China’s Foreign Minister Wang Yi told his Russian counterpart Sergei Lavrov in a phone conversation on Monday that China would uphold an independent and impartial position on Ukraine as it strives to find a political settlement to the issue. Wang’s comments to Lavrov were announced in a Foreign Ministry statement on Monday…
By Mrinalika Roy (Reuters) -Sherwin-Williams has suspended production at its manufacturing facility in Garland, Texas, following an explosion and resulting fire, the paints and coatings maker said on Monday. One employee was taken to the hospital after sustaining a “minor injury” and was later discharged, company spokesperson Julie Young told Reuters. There were no fatalities…
By Asif Shahzad ISLAMABAD (Reuters) – Pakistan’s former Prime Minister Imran Khan, convicted in a graft case, has been jailed for three years in a fresh setback to the 70-year-old former cricket hero’s political career. Khan, Pakistan’s main opposition leader, faces a long legal battle to save his political career ahead of a national election…
By Uditha Jayasinghe and Swati Bhat COLOMBO (Reuters) -Monetary policy transmission to the real economy in Sri Lanka is still incomplete, the governor of the country’s central bank, Nandalal Weerasinghe, said at a LSEG FX Community Event on Monday. Weerasinghe said he would like to see private sector interest rates come down further and at…
By Yousef Saba and Maha El Dahan DUBAI (Reuters) – Saudi state oil giant Aramco on Monday announced an additional near $10 billion dividend, most of which will go to the government, the first of several extra payouts on top of its expected $153 billion base dividend for 2022 and 2023. Aramco will begin paying…
(Reuters) – U.S. bank Wells Fargo said on Monday Malcolm Price has joined its corporate and investment bank (CIB) as the head of financial sponsors, after 35 years at Credit Suisse. During his time at Credit Suisse, Price helped form its financial sponsors coverage business in 1996. He was the Swiss bank’s first head of…
By Prak Chan Thul PHNOM PENH (Reuters) -Cambodia’s king on Monday approved the nomination of the Western-educated son of Prime Minister Hun Sen to become the next premier, confirming a much-anticipated transfer of power by one of the world’s longest-serving leaders. The decree endorsing 45-year-old army general Hun Manet requires the approval of the National…
(Reuters) -The contours of the debate at the heart of the Federal Reserve’s policy decision next month came into clearer view on Monday as officials outlined the case for and against another interest rate hike. “The debate is really about: Do we need to do another rate increase? Or not? … I think we’re pretty…
ROME (Reuters) – A group of airlines operating in Italy on Monday criticised government plans to curb ticket prices at the height of the summer season, saying they could breach European Union free market rules. Prime Minister Giorgia Meloni’s cabinet was set to approve later on Monday a decree law covering a range of subjects…
By Hyunsu Yim and Ju-min Park SEOUL (Reuters) – Tens of thousands of youngsters will be evacuated from the campsite of the World Scout Jamboree in South Korea to get them out of the path of a looming typhoon, organisers said on Monday, days after hundreds fell ill amid soaring temperatures. The storm on top…
