By Emily Rose JERUSALEM (Reuters) -Florida Governor Ron DeSantis on Thursday brushed off legal action taken against him by Walt Disney Co, describing it as politically motivated and accusing the global entertainment giant of lacking accountability and transparency. Disney, in a lawsuit filed this week, accused the DeSantis administration of “weaponizing its power to inflict…
By Mica Rosenberg, Joshua Schneyer and Kristina Cooke MONTGOMERY, Alabama (Reuters) – On Nov 22, a team of state and federal labor officials conducted a surprise inspection and noticed a young-looking worker at a warehouse operated here by the logistics unit of Korean automaking giant Hyundai Motor Group. The inspectors, according to an Alabama Department…
HONG KONG (Reuters) – Embattled property developer China Evergrande Group said on Thursday that holders of more than 77% of its Class A offshore debt by value submitted support for its restructuring proposal, and it would extend the deadline for receiving an incentive to 5:00 p.m. Hong Kong time on May 18. Term sheets published…
By Alexander Marrow (Reuters) – The rouble steadied on Thursday, with the market looking ahead to Friday’s interest rate decision, as favourable month-end tax payments propped the Russian currency up amid a significant drop in oil prices. By 1322 GMT, the rouble was 0.2% stronger against the dollar at 81.44 and had gained 0.6% to…
BEIJING (Reuters) – China’s banking and insurance regulator said it would enhance credit support and lower the actual financing costs of small and micro enterprises this year to better support economic recovery. In a statement on Thursday, the China Banking and Insurance Regulatory Commission (CBIRC) said financial institutions should provide reasonable credits to small businesses,…
((This story has been corrected to add the word ‘contraction’ in the IMF estimate and change year to 2023, not 2024, in paragraph 4) ) By Uditha Jayasinghe NEW DELHI (Reuters) – Sri Lanka’s economy is expected to shrink by 2% in 2023, its central bank said in an annual report on Thursday, as the country…
BEIJING/SHANGHAI (Reuters) – CITIC Securities Co, China’s biggest brokerage, reported a 3.6% rise in first-quarter profit on Thursday, thanks to stronger investment returns as the economy recovers. Net profit in the January-March period rose to 5.4 billion yuan ($780.22 million), the company said in a stock exchange filing. The company’s investment income surged 89.6% year-on-year…
MOSCOW (Reuters) – Russia does not intend to take the path of nuclear escalation in its standoff with the West over Ukraine but others should not test its patience, Russian foreign ministry spokeswoman Maria Zakharova said on Thursday. Her comments follow a flurry of warnings by senior Russian officials, including President Vladimir Putin, that Western…
By David Alire Garcia MEXICO CITY (Reuters) – Chilean President Gabriel Boric’s pitch last week to enshrine greater state control over lithium is emerging as the latest test for the resource nationalism embraced by Latin America’s ascendant left but which has proven tough to implement in practice. While the former student protest leader’s proposal to…
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -Samsung Electronics Co Ltd flagged a gradual recovery for chips in the second half of the year after its semiconductor business reported a record $3.4 billion loss on Thursday, driven by a chip glut from weak demand for tech devices. A global downturn in semiconductor purchases amid…
