(Reuters) – South Africa’s President Cyril Ramaphosa has briefed Chinese leader Xi Jinping on the upcoming visit by African leaders to Russia and Ukraine in a bid to end hostilities, the South African presidency said on Saturday. Chinese state broadcaster reported that the two leaders had a phone call on Friday. In a statement, South…
By Elvira Pollina and Akriti Sharma MILAN (Reuters) -U.S. fund KKR strengthened its lead in the race to secure the landline grid of Telecom Italia (TIM) when it offered to raise its bid by up to or over 2 billion euros ($2.2 billion), two people with knowledge of the matter said. The value of KKR’s…
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka lifted import restrictions on 286 items, the Finance Ministry said on Saturday, a fresh sign the South Asian nation is starting to emerge from its worst economic crisis in decades. The island off India’s southern coast plunged into crisis last year as its foreign exchange reserves ran…
By Humeyra Pamuk and David Brunnstrom WASHINGTON (Reuters) -U.S. Secretary of State Antony Blinken will travel to China next week for long-delayed talks aimed at stabilizing tense relations, and a U.S. official said he is expected to be there on June 18. Reuters reported on Wednesday that Blinken would travel to China in the coming…
By Karen Freifeld (Reuters) -The U.S. on Friday banned imports from China-based printer maker Ninestar Corp and a Chinese chemical company over alleged human rights abuses. Ninestar, whose website says it is the world’s fourth-largest laser printer manufacturer, and Xingjang Zhongtai Chemical, are being kept out of the U.S. supply chain for participating in business…
By Raphael Satter WASHINGTON (Reuters) -The United States has charged two Russian nationals in the hack of collapsed cryptocurrency exchange Mt. Gox, one of the world’s earliest, biggest and most widely publicized alleged bitcoin heists. The department in a statement said Alexey Bilyuchenko, 43, and Aleksandr Verner, 29, were charged with conspiring to launder approximately…
By Naomi Rovnick and Koh Gui Qing NEW YORK/LONDON (Reuters) -U.S. shares struck new highs for the year on Friday and helped lift world stocks to a 13-month peak, as rising bets that the Federal Reserve will skip a rate hike next week overshadowed worries about U.S. markets being drained of cash. Helped by a…
By Karen Brettell NEW YORK (Reuters) – The dollar bounced off two-week lows on Friday as investors awaited inflation data and the Federal Reserve’s interest rate decision next week for any new clues on how high the U.S. central bank is likely to hike rates. The Fed is expected to hold rates steady at its…
By Julie Steenhuysen and Michael Erman (Reuters) – The U.S. Food and Drug Administration said on Friday it is seeking new suppliers to ease shortages of methotrexate, one of the most commonly used cancer drugs, building on its push to shore up two other scarce chemotherapy medicines. An FDA spokesperson told Reuters the agency is…
By Asif Shahzad and Gibran Naiyyar Peshimam ISLAMABAD (Reuters) -Pakistan’s government will target a budget deficit of 6.54% of economic output in the fiscal year starting on July 1, the finance minister said on Friday, slightly below the current year’s revised estimate of 7%. Finance Minister Ishaq Dar announced the target during his budget speech…
