By Anthony Deutsch and Stephanie van den Berg THE HAGUE (Reuters) – Russian air strikes this week hit silos and shipping terminals for Ukrainian grain, potentially violating international law, which forbids attacks on resources essential to the civilian population. Drone attacks wrecked buildings in the port of Izmail and prevented ships on the Danube River…
MEXICO CITY (Reuters) -A body was found stuck in a barrier of buoys installed by Texas authorities in the Rio Grande river, which straddles the U.S.-Mexico border, Mexico’s foreign ministry said on Wednesday while expressing fresh safety concerns over the floating fence. Authorities are working to identify the body found in the river and determine…
By Valerie Insinna (Reuters) – Spirit AeroSystems shares continued their downward spiral on Thursday, dropping another 4% a day after the aerospace manufacturer disclosed major costs associated with a recent strike and new labor agreement. Shares plunged 27% on Wednesday as executives detailed a laundry list of problems. The manufacturer of major components for all…
LONDON (Reuters) – NatWest Markets cut its forecast for the peak in Bank of England interest rates to 5.5% after the BoE’s announcement of a latest rate hike and new guidance on Thursday, down from 6% it previously forecast. “We are revising our Bank Rate forecast and now look for just one more 25bp hike…
By Anirban Sen and Milana Vinn NEW YORK (Reuters) -Buyout firms Francisco Partners and TPG saved hundreds of millions of dollars in their $6.5 billion deal to buy New Relic by walking away from negotiations with the business software company in May and then returning two months later with a lower offer, people familiar with…
By Liz Lee, Ryan Woo and Ethan Wang BEIJING (Reuters) -From coping with dangerously swollen rivers to helping residents trapped in waterlogged cities, China’s disaster-response systems are being put to the test after one of the strongest storms in years brought record rainfall that could take weeks to recede. Typhoon Doksuri battered northern China this…
By Rod Nickel WINNIPEG, Manitoba (Reuters) – Prime Minister Justin Trudeau is aiming to turn Canada’s power grid net-zero by 2035, a goal that the premier of oil and gas-producing Alberta says she will defy, charging it is unrealistic before 2050. But power-generating companies in the country’s highest greenhouse gas-emitting province are more optimistic and…
(Reuters) -Hasbro said on Thursday it would sell its eOne film and TV studio to Lionsgate Entertainment for about $500 million as part of the toymaker’s efforts to focus on more profitable brands. The deal, which includes 6,500 titles such as “Yellowjackets”, “The Rookie”, has been approved by both companies’ boards and is expected to…
By Siddarth S (Reuters) -Canada’s main stock index fell to more than three-week lows on Thursday as Fitch’s surprise downgrade of the U.S. credit rating fanned market worries, while dour forecast from the world’s biggest fertilizer company Nutrien weighed on materials sector. At 10:23 a.m. ET (1423 GMT), the Toronto Stock Exchange’s S&P/TSX composite index…
(Reuters) – U.S. travel stocks fell in early trading on Thursday following downbeat quarterly reports from Spirit Airlines and Expedia that amplified concerns domestic demand may be easing after a strong rebound from pandemic lows. Spirit, which mainly operates on domestic routes, also forecast weaker-than-expected revenue for the third quarter, with Citi analysts citing the…
