(Reuters) – Property developer China Evergrande Group said on Friday it has received an enforcement notice from the court in relation to arbitral proceedings against its unit and executive director by Hexin Hengju (Shenzhen) Investment Holding Center. The group said the enforcement notice requires it to pay compensation of about 770 million yuan ($111.40 million)…
SHAKAHOLA FOREST, Kenya (Reuters) -Kenyan investigators unearthed 29 more bodies on Friday in a continuing search for victims of a doomsday cult in the country’s southeast. The death toll now stands at 179. Authorities this week have searched for remains in shallow graves scattered throughout the Shakahola forest and for any survivors as hundreds of…
By Nichola Groom and David Lawder (Reuters) -The U.S. Treasury Department on Friday clarified that developers of solar energy projects can claim a new subsidy for facilities built with American-made products even if the system’s panels contain cells made entirely with Chinese materials. The long-awaited rules around how companies can claim a new tax credit…
WASHINGTON (Reuters) – Canada has extradited an alleged drug trafficker on the United States’ “ten most wanted” list to face federal charges in Michigan, the U.S. Department of Justice said on Friday. The suspect, dual Canadian-Laos citizen Khaophone Sychantha, was first indicted in the U.S. in 2005 and again in 2013, then charged in three…
By Phuong Nguyen HANOI (Reuters) – Vietnamese electric automaker VinFast said on Friday it will list in the United States via a merger with special purpose acquisition company (SPAC) Black Spade Acquisition Co. The move comes after the startup last month said it had received a fresh round of funding pledges worth $2.5 billion from…
(Reuters) – U.S. equity funds faced huge outflows in the week ended May 10, on caution over the U.S. debt ceiling and concerns over disappointing earnings forecasts from some top companies. According to Refinitiv Lipper, U.S. equity funds faced outflows worth $5.7 billion, which was their seventh consecutive week of outflows. Investors were looking for…
By Max Hunder KARYSHKIV, Ukraine (Reuters) – As a crowd gathered outside the white-brick Orthodox church in the village of Karyshkiv in western Ukraine, raised voices quickly turned to shouting. Soon old women were crying. The villagers were quarrelling over the affiliation of their parish church, which belonged to the Ukrainian Orthodox Church (UOC)…
By Akash Sriram (Reuters) -Elon Musk’s appointment of a new Twitter chief may free up the billionaire from a major distraction and allow him to focus more on Tesla Inc, analysts said on Friday. Tesla shares, which have gained 40% this year, reversed course to trade down about 2% as broader markets fell. The stock…
By Ana Mano SAO PAULO (Reuters) – Shares in Brazilian food giant JBS SA fell more than 10% in early trade on Friday after the company posted a wider-than-expected first quarter loss, marking the first time the firm has faced difficulties in all countries where it operates. In a conference call with analysts, Global CEO…
By Akash Sriram (Reuters) -Elon Musk’s selection of a new CEO for Twitter may free the billionaire from a major distraction and allow him to focus more on Tesla Inc, analysts said on Friday. Tesla shares, which have gained 40% this year, reversed course to trade down nearly 2% as broader markets fell. The stock…
