By Ethan Wang, Ryan Woo and Lisandra Paraguassu BEIJING/BRASILIA (Reuters) – Brazil reset its diplomatic ties with China, its largest trading partner, with a state visit on Friday where they agreed to boost investments and cooperation on technology and sustainable development, while urging peace talks in Ukraine. Brazilian President Luiz Inacio Lula da Silva and…
By David Lawder WASHINGTON (Reuters) -European Commission Executive Vice President Valdis Dombrovskis said on Friday that the bloc wants to move quickly on a trade agreement with the United States for electric vehicle battery minerals and was optimistic on reaching a green steel and aluminum pact with Washington by October. Dombrovskis, the EU’s top trade…
By Ross Kerber and Sarah N. Lynch DIGHTON, Massachusetts (Reuters) – The FBI on Thursday arrested Jack Douglas Teixeira, a 21-year-old member of the U.S. Air National Guard, over the leaks online of classified documents that embarrassed Washington with allies around the world. Federal agents in an armored car and military gear swooped in on…
By Leika Kihara WASHINGTON (Reuters) – The Bank of Japan is likely to maintain negative short-term interest rates until inflation durably hits 2%, but could allow long-term yields to move more flexibly around its target, a senior International Monetary Fund official said on Friday. The BOJ must maintain policy loose by keeping the short-term policy…
By Katharine Jackson and Luc Cohen (Reuters) – The United States has charged leaders of the Mexico-based Sinaloa Cartel with running a fentanyl trafficking operation fueled by Chinese chemical and pharmaceutical companies, U.S. Attorney General Merrick Garland said on Friday. Three sons of Joaquin “El Chapo” Guzman, the onetime leader of the Sinaloa Cartel now…
By Darya Korsunskaya and Alexander Marrow MOSCOW (Reuters) -Russia’s economy ministry revised higher on Friday its 2023 gross domestic product (GDP) forecast to 1.2% growth from a 0.8% contraction, but lowered its forecast for 2024, mirroring a wider trend that envisages more sluggish longer term prospects. The International Monetary Fund this week also raised its…
WASHINGTON (Reuters) – Washington on Friday imposed sanctions on two entities based in China, accusing them supplying precursor chemicals to drug cartels in Mexico for the production of illicit fentanyl intended for the United States, the U.S. Treasury Department said in a statement. The Treasury said it also designated five people based in China and…
By Humeyra Pamuk, Francesco Guarascio and David Brunnstrom HANOI (Reuters) – U.S. Secretary of State Antony Blinken arrived in Vietnam on Friday hoping for progress towards upgrading relations with a key trade partner that shares U.S. worries about China’s growing might. For Hanoi, it will be a delicate test: how to show openness to the…
(Fixes typo in first paragraph) By Joice Alves LONDON (Reuters) – European banks surged on Friday, rising to a one-month high, gaining support from U.S. lenders, which reported better-than-expected results in the first quarter. The STOXX 600 index of European banks gained as much as 3% to reach its highest since mid-March after JPMorgan, Citigroup…
PARIS (Reuters) – The Paris Club of creditor governments aims to start negotiations to restructure Sri Lanka’s debt, the group said on Friday after a creditor committee was set up this week. The Paris Club said the Japanese and Indian finance ministers along with its president and representatives of Sri Lanka set up a creditor…
