By Laura Matthews NEW YORK (Reuters) – The U.S. dollar rose against the euro and sterling on Thursday and set a more than one-week high against a basket of its major peers as traders sought safety after a series of economic data prompted a reassessment of their outlook for global monetary policy. The number of…
By Michael Martina WASHINGTON (Reuters) -When an alleged Chinese spy balloon traversed the United States in February, some U.S. officials were confident the incursion would galvanize the U.S. bureaucracy to push forward a slate of actions to counter China. Instead, the U.S. State Department held back human rights-related sanctions, export controls and other sensitive actions…
By Scott DiSavino NEW YORK (Reuters) -Oil prices fell about 2% to a one-week low on Thursday as a political standoff over the U.S. debt ceiling stoked recession jitters in the world’s biggest oil consumer, while rising U.S. jobless claims and weak Chinese economic data weighed. Brent crude futures fell $1.43, or 1.9%, to settle…
By Chris Prentice WASHINGTON (Reuters) -U.S. regulators on Thursday slapped units of Bank of Nova Scotia and HSBC Holdings Plc with civil penalties for widespread recordkeeping violations through employees’ use of personal devices and apps for work communications. The banks admitted they had failed to meet recordkeeping requirements for dealers registered with U.S. market regulators….
By David Shepardson WASHINGTON (Reuters) -The chair of a U.S. House of Representatives committee on China’s Communist Party and other lawmakers on Thursday raised “deep concern” and sought answers over reports Chinese-owned short video app TikTok censored an account that posted content from a film about pro-democracy Hong Kong tycoon Jimmy Lai. Representative Mike Gallagher…
By Laurie Chen BEIJING (Reuters) – Teresa Xu did not anticipate that five years after she was denied an egg-freezing treatment at a Beijing hospital for being unmarried, her subsequent lawsuit would be at the centre of a debate over reproductive rights in China. Xu, 35, first lodged the claim against the Beijing Obstetrics and…
ISTANBUL (Reuters) – Turkish Airlines (THY) will order a total of 600 new aircraft in June and they will be delivered within ten years, company chairman Ahmet Bolat said on Thursday. Such an order, if confirmed, would be the largest in the industry’s history by a single airline, eclipsing a record order by Air India…
By Gibran Naiyyar Peshimam and Asif Shahzad ISLAMABAD (Reuters) -Pakistan’s Supreme Court ruled on Thursday that former Prime Minister Imran Khan’s arrest was unlawful, two days after his detention on graft allegations triggered deadly violence, escalating his tussle with the powerful military. The protests coincide with Pakistan’s worst economic crisis in decades, with record high…
By Rodrigo Campos, David Lawder and Libby George (Reuters) -Pakistan needs significant additional financing for a successful completion of the long-stalled ninth review of the International Monetary Fund’s bailout package, the IMF said in a scheduled press conference on Thursday. Obtaining commitments of “significant additional financing” is essential before the IMF approves the release of…
By Melanie Burton MELBOURNE (Reuters) – Shares in Australian-listed lithium miners jumped on Thursday after a $10.6 billion merger in the sector raised expectations for more consolidation among producers of the key metal in electric vehicle batteries. The tie up between Allkem Ltd and Livent announced on Wednesday will create the world’s third-biggest producer of…
