By Karen Brettell NEW YORK (Reuters) – The dollar edged higher against the yen on Wednesday as investors awaited U.S. inflation data for May and the Fed’s interest rate decision next week, while the Canadian dollar jumped after the Bank of Canada hiked rates. The U.S. central bank is expected to hold rates steady next…
By Michael Martina WASHINGTON (Reuters) – Democratic and Republican U.S. lawmakers on Wednesday urged the State Department to bar Hong Kong’s chief executive, who faces U.S. sanctions, from visiting San Francisco during November’s Asia-Pacific Economic Cooperation summit. The United States is set to host this year’s gathering of leaders of APEC, of which Hong Kong…
By Nevzat Devranoglu and Huseyin Hayatsever ANKARA (Reuters) -Turkey’s lira plunged 7.6% to a record low on Wednesday in its biggest selloff since the historic 2021 crash, and traders called it a “strong signal” that Ankara is moving away from state controls toward a freely traded currency. The lira has come under increasing pressure since…
By Brenda Goh and Joe Cash SHANGHAI/BEIJING (Reuters) – A veritable parade of overseas CEOs including Tesla’s Elon Musk and Goldman Sachs’ David Solomon have made their way to a reopened China in the last few months. One notable common strand: they’ve not talked much in public about their trips which have mostly consisted of…
By M. Sriram and Aditya Kalra MUMBAI/NEW DELHI (Reuters) – Starbucks is revamping its strategy to lure Indians, including children, with smaller, cheaper beverages as it looks to expand in small towns amid a fierce challenge from domestic startups in one of its fastest-growing markets. Among the first foreign coffee brands to enter tea-loving India,…
By Michael Martina and Kanishka Singh WASHINGTON (Reuters) -The United States will push back on China’s targeting of American companies such as memory chipmaker Micron Technology Inc, a campaign Washington considers politically motivated and unfair, U.S. Ambassador to China Nicholas Burns said on Wednesday. In May, China’s cyberspace regulator said Micron Technology would be barred…
MOSCOW (Reuters) – Russian and Chinese long-range strategic bombers carried out joint patrols over the Sea of Japan, the East China Sea and the western Pacific Ocean but were at times accompanied by jet fighters from unidentified states, Russia said on Wednesday. Russia’s defence ministry said an air group of Tupolev Tu-95 and Chinese Xian…
KYIV (Reuters) – Ukrainian troops have advanced up to 1,100 metres near the eastern city of Bakhmut in the past 24 hours, Kyiv said on Wednesday, the first gains it has reported since Russia said Ukraine had started a counter-offensive. Moscow said this week Kyiv had launched a series of assaults in its partially occupied…
By Aditi Shah, Joanna Plucinska and Tim Hepher ISTANBUL (Reuters) – The diversion of a U.S.-built Air India jetliner to Russia with engine problems has thrust industry tensions surrounding Russian airspace into the spotlight – just a day after the head of a major American carrier predicted an almost identical scenario. A global industry meeting…
(This June 6 story has been refiled to change the corporate name to Bittrex Inc from Bittrex Global in paragraph 16) By Jonathan Stempel, Hannah Lang and John McCrank NEW YORK (Reuters) – The top U.S. securities regulator sued cryptocurrency platform Coinbase on Tuesday, the second lawsuit in two days against a major crypto exchange,…
