By Sabine Siebold VILNIUS (Reuters) – NATO leaders meet in Vilnius on Tuesday and Wednesday to tackle a wide range of topics, from divisions over Ukraine’s membership bid and Sweden’s accession to boosting ammunitions stockpiles and reviewing the first defence plans in decades. It will be the fourth NATO summit since Russia’s invasion of Ukraine,…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar sank to a three-week low on Monday after comments by Federal Reserve officials reinforced market expectations that the U.S. central bank is near the end of its tightening cycle. The Fed, however, is widely expected to raise interest rates by another 25 basis points this month…
By Jack Kim SEOUL (Reuters) -North Korea accused the United States on Monday of violating its airspace by conducting surveillance flights and warned that, while Pyongyang was exercising restraint, such flights may be shot down. Provocative military actions by the United States were bringing the Korean peninsula closer to a nuclear conflict, an unnamed spokesperson…
By Sabine Siebold VILNIUS (Reuters) -NATO allies on Monday reached agreement on defence plans detailing how the alliance would respond to a Russian attack, overcoming a Turkish hurdle one day before leaders meet for a summit in Vilnius, five diplomats told Reuters. NATO had for decades seen no need for large-scale defence plans, as it…
By Mayank Bhardwaj and Sumit Khanna NEW DELHI (Reuters) – An Indian court rejected PepsiCo Inc’s appeal against an order that revoked a patent for a potato variety grown exclusively for the New York-based company’s popular Lay’s potato chips. The Protection of Plant Varieties and Farmers’ Rights (PPVFR) Authority in 2021 revoked intellectual protection granted…
NEW YORK/LONDON (Reuters) – Global hedge funds added more Chinese stocks to their portfolios than they sold in recent days for the first time in seven weeks, Goldman Sachs Group said in a report. The move seen in onshore and offshore shares was mainly driven by short covers, according to Goldman Sachs. It means that…
By Rod Nickel and Victoria Klesty (Reuters) – Without a single sales contract in hand, Dutch fertilizer company OCI is building a $1 billion plant in Texas to produce ammonia with low greenhouse gas emissions, a gamble requiring heavy government subsidies, new markets and a contingency plan. OCI’s plant would be the world’s first new…
By Timothy Aeppel and Ben Klayman MARSHALL, Michigan (Reuters) – Fred Chapman has a message for Ford Motor Co, which is planning to build a sprawling factory on the outskirts of this town to make batteries for electric cars and which promises to employ 2,500 people. “We don’t need jobs,” he says. That’s a surprising…
TORONTO (Reuters) – Canada’s finance ministry has extended the consultation period for Royal Bank of Canada’s $13.5 billion proposed acquisition of HSBC’s Canadian unit by 15 days due to a technical error that prevented the department from receiving some submissions by email. The Finance Department said the technical issue has now been resolved and stakeholders…
By Simon Jessop LONDON (Reuters) – Sustainability-focused asset manager LeapFrog Investments said it plans to invest $500 million in companies addressing climate change in Asia and Africa, with projects it hopes will reach up to 50 million low-income people. The commitment was announced at the Climate Finance Mobilisation Forum in Britain on Monday, attended by…
