WASHINGTON (Reuters) -Azerbaijan and Armenia have made “tangible progress” towards a peace agreement in negotiations this week in Washington, U.S. Secretary of State Antony Blinken said on Thursday. Armenia and Azerbaijan have fought two wars over 30 years focusing on the territory of Nagorno-Karabakh, recognised as part of Azerbaijan but populated mainly by Armenians. In…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. A sea of red on Wall Street and renewed turmoil across the U.S. regional banking sector on Thursday suggest Asian markets go into Friday’s session on the defensive, bringing what has been a surprisingly resilient week for local…
By Elvira Pollina and Juby Babu (Reuters) – Telecom Italia (TIM) said on Thursday it was unhappy with sweetened bids submitted by suitors for its fixed network, and set a final deadline of June 9 to receive an improved offer from at least one of the bidders. TIM directors gathered on Thursday to draw a…
By Sinéad Carew NEW YORK (Reuters) – A global measure of stocks fell for the fourth consecutive day while the dollar gained some ground as the European Central Bank raised rates on Thursday and signalled the need for more tightening a day after the U.S. Federal Reserve also raised rates. U.S. Treasury yields were lower…
TAIPEI (Reuters) -Taiwan Defence Minister Chiu Kuo-cheng said on Thursday that the delivery of 66 advanced new F-16Vs from the United States has been delayed due to supply chain disruptions and the ministry was working to minimise the damage and “make up deficiencies”. The United States in 2019 approved an $8 billion sale of Lockheed…
By Nichola Groom and Moira Warburton WASHINGTON (Reuters) -The U.S. Senate on Wednesday voted to repeal President Joe Biden’s suspension of tariffs on solar panels from four Southeast Asian nations, a measure aimed at supporting the small domestic manufacturing industry. Biden has vowed to veto the legislation, which passed the House of Representatives last…
By Patricia Zengerle WASHINGTON (Reuters) – Democratic and Republican U.S. senators announced legislation on Thursday authorizing President Joe Biden’s administration to negotiate a tax agreement with Taiwan, seeking to foster investment as Washington works to shore up the island against a rising China. The senators, led by Senate Foreign Relations Committee Chairman Bob Menendez and…
By Karen Brettell NEW YORK (Reuters) – The dollar rose on Thursday against the euro after the European Central Bank eased its pace of rate hikes, a day after the Federal Reserve hiked rates by 25 basis points and indicated that it may pause further increases. The ECB’s 25-basis-point increase was the smallest since it…
By Laura Sanicola (Reuters) – Oil prices settled nearly unchanged on Thursday after the European Central Bank (ECB) decided to slow the pace of interest rate hikes, with prices still down more than 9% for the week on demand concerns in major consuming countries. Brent futures settled up 17 cents, or 0.24%, to $72.50 a…
WASHINGTON (Reuters) – The U.S. Treasury Department’s top international official is heading to Europe and Asia this week for talks on current macroeconomic trends and events, and a G7 finance officials meeting, Treasury said in a statement on Thursday. Treasury Undersecretary for International Affairs Jay Shambaugh will attend meetings of the Organization for Economic Cooperation…
