By Birsen Altayli and Can Sezer ISTANBUL (Reuters) – The deadliest earthquake in Turkey’s modern history has reawakened fears on the other side of the country that Istanbul is an even bigger disaster waiting to happen, sending hundreds of thousands scrambling to find safer homes. Some 5 million of the 16 million residents of Turkey’s…
By Ahmad Ghaddar LONDON (Reuters) – European Union and G7 restrictions on Russian oil exports led to a global shift in oil flows, with Asian refiners soaking up discounted Russian crude, in part explaining the recent OPEC+ decision to curtail output further, the West’s energy watchdog said on Friday. With the arrival of over three…
(Reuters) – Loblaw Companies Ltd on Friday said it would spend C$2 billion ($1.50 billion) to expand its business in 2023 and create more than 6,000 new jobs in retail, supply chain, technology and construction in Canada. The Canadian retailer’s investment comes at a time when it is seeing strength in its pharmacy business, as…
SINGAPORE (Reuters) – A private banking industry group in Singapore on Friday denied a media report that the city state had asked global banks to keep quiet on wealth inflows coming from China over the past year due to political sensitivity. The Financial Times reported earlier on Friday, citing unidentified people, that the “tacit directive”…
MUMBAI (Reuters) – India’s foreign exchange reserves jumped to $584.76 billion for the week ended April 7, the highest in nine months, the Reserve Bank of India’s (RBI) statistical supplement showed on Friday. That is an increase of $6.3 billion from the previous week. The central bank intervenes in the spot and forwards markets to…
BEIJING (Reuters) – China will take steps to stabilise employment, particularly at manufacturing and trading companies, state media reported on Friday, citing discussions at a cabinet meeting. Companies are slowly adding jobs again after shedding staff for months, as the world’s second-largest economy continues to warm up after the lifting of COVID restrictions late last…
By Jonathan Landay, Idrees Ali and Arshad Mohammed WASHINGTON (Reuters) -The latest U.S. intelligence leak illustrates a paradox of spycraft: keeping secrets means limiting their distribution but protecting against dangers like another Sept. 11, 2001, attack means sharing them. Balancing those twin demands is a key challenge for U.S. President Joe Biden as his administration…
BENGALURU (Reuters) -Reliance Industries Ltd’s Viacom18 will receive an investment of 43.06 billion rupees ($527.84 million) from Bodhi Tree, about 70% less than what was planned by the joint venture between James Murdoch and a former Star India executive. Viacom18 said in a statement late on Thursday that Reliance was now leading the investment in…
By Chen Lin and Victoria Waldersee SINGAPORE/BERLIN (Reuters) -Tesla Inc on Friday slashed prices for its electric vehicles in Europe, Israel and Singapore, expanding a global discount drive it began in China in January while raising concerns about its industry-leading profit margin. Tesla last week reported first-quarter deliveries up just 4% from the previous quarter…
(Reuters) – PNC Financial Services Group reported an 18.5% rise in first-quarter profit on Friday, as the Federal Reserve’s rate hikes fueled a surge in the U.S. regional lender’s net interest income (NII). Shares of PNC were up nearly 3% in premarket trading after upbeat results. They fell about 20% last quarter, which was marred…
