By Divya Rajagopal TORONTO (Reuters) -Teck Resources said on Tuesday it has received several proposals for its steelmaking coal business, without revealing if one included a revised offer from Swiss trading and mining firm Glencore which launched its takeover bid for the Canadian miner over two months ago. Vancouver-based Teck said in a statement its…
By Daphne Psaledakis WASHINGTON (Reuters) -The United States imposed sanctions on Tuesday on more than a dozen people and entities in China, Hong Kong and Iran, including Iran’s defense attache in Beijing, over accusations they helped procure parts and technology for key actors in Iran’s ballistic missile development. Earlier on Tuesday, the official IRNA news…
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar gained against the euro and yen on Tuesday as investors focused on the likelihood that the Federal Reserve will continue hiking rates, while the Aussie jumped after the Reserve Bank of Australia (RBA) surprised with a rate increase. Fed officials are in a blackout period…
WASHINGTON (Reuters) -The United States learned of a Ukrainian plan to attack the Nord Stream natural gas pipelines three months before they were damaged last September by underwater explosions, The Washington Post reported on Tuesday, citing leaked information posted online. The CIA learned last June, through a European spy agency, that a six-person team of…
By Marc Jones and Koh Gui Qing LONDON/NEW YORK (Reuters) – World shares edged higher on Tuesday as investors mulled whether a recent rally in stocks has legs to run further, while Treasury yields drifted higher as traders pared bets that U.S. rate cuts are on the horizon given sticky price pressures. Wall Street, where…
ROME (Reuters) – The long-serving chief executive of Pirelli has warned that the tyremaker’s independence is at stake because of the growing influence of its Chinese shareholder Sinochem, the Wall Street Journal reported. Pirelli CEO Marco Tronchetti Provera told government officials in Rome on Tuesday that Sinochem was trying to interfere with Pirelli’s management in…
By Supantha Mukherjee STOCKHOLM (Reuters) – Microsoft-backed OpenAI, the company behind ChatGPT, has no plans to go public any time soon, Chief Executive Sam Altman said at a conference in Abu Dhabi. “When we develop super intelligence, we are likely to make some decisions that most investors would look at very strangely,” Altman said. “I…
UNITED NATIONS (Reuters) – The United Nations General Assembly elected Algeria, Guyana, Sierra Leone, Slovenia and South Korea to the U.N. Security Council on Tuesday for two-year terms starting on Jan. 1, 2024, while Belarus – allied with Russia in its invasion of Ukraine – was denied a spot. Algeria, Guyana, Sierra Leone and South…
ISTANBUL (Reuters) -Emirates President Tim Clark said on Tuesday the airline may order more Airbus A350, Boeing 777X or 787 jets as the Dubai-based carrier renews its fleet and looks ahead to demand through the 2030s. “We are looking at both more A350s, more 777-9 and possibly the 787 range,” Clark told reporters on the sidelines…
By Ludwig Burger and Patricia Weiss FRANKFURT (Reuters) -The CEO of German technology group Merck KGaA said that unravelling trade ties with China would come at great economic cost and she was banking on dialogue to ease tensions between Beijing and Western powers. Belen Garijo, the Spanish CEO of the German drugmaker and manufacturer of…
