By Hyonhee Shin SEOUL (Reuters) – A U.S. B-52 strategic bomber took part in military exercises with South Korea on Friday, Seoul officials said, in the latest show of force amid tension over North Korea’s failed launch of a spy satellite. The U.S. military also flew its F-16 and F-15 fighters alongside the bomber for…
By Rodrigo Campos and Jorge Otaola NEW YORK/BUENOS AIRES (Reuters) -The International Monetary Fund said on Friday that Argentina is current in its payment obligations, after the government said it made a $2.7 billion payment to the fund using its existing stock of the IMF’s reserve assets, and Chinese currency. A spokesperson for Argentina’s economy…
(This June 29 story has been corrected to clarify that the entity involved is not an Alberta government agency in the headline and paragraphs 1 and 2) By Divya Rajagopal and Xie Yu TORONTO/HONG KONG (Reuters) – An Alberta industrial development body has ended a partnership with a Chinese private equity fund that targeted $10…
By Michael Martina WASHINGTON (Reuters) -The U.S. on Friday warned about a new Chinese counterespionage law, saying American and other foreign companies in the country could face penalties from Chinese authorities for regular business activities. Chinese lawmakers this year passed a wide-ranging update to Beijing’s anti-espionage legislation that goes into effect on July 1, banning…
LONDON (Reuters) – Britain, Australia and Canada have called on Israel’s government to reverse a decision to approve new settlement units in the West Bank, saying they are “deeply concerned” by an ongoing cycle of violence. This week, Israel approved over 5,700 new settlement units in the West Bank and earlier this month instituted changes…
By Stephen Culp NEW YORK (Reuters) – Wall Street closed sharply higher and the dollar softened on Friday as investors closed the books on a solid quarter, with data showing progress in the Federal Reserve’s efforts to tame inflation. All three major U.S. stock indexes surged, notching weekly, monthly and quarterly gains. “It’s a nice…
By Svea Herbst-Bayliss NEW YORK (Reuters) – Following the busiest quarter on record, activist investors slowed down in the second three months of 2023 but are expected to mount more high-profile campaigns in the second half amid pent-up demand for acquisitions and a new way of voting. Investors including Elliott Investment Management, Engaged Capital and…
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar index was lower on Friday following two straight days of gains, after economic data showed a cooling in consumer spending, raising some doubt about the potential aggressiveness of the Federal Reserve in fighting inflation. U.S. Treasury yields were also mostly lower after the data. The Commerce…
By John McCrank and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The last rates based on the tarnished London Interbank Offer Rate, or Libor, were published on Friday, marking a mostly quiet end of a nearly decade-long effort to move away from what was once dubbed the world’s most important number. While there has been some…
LONDON (Reuters) – Two influential lawmakers in the United States and Britain accused HSBC on Friday of contributing to the oppression of people in Hong Kong by thwarting their attempts to access pension funds in order to emigrate. The intervention piles further pressure on HSBC, which has attracted criticism for allegedly mistreating customers who have…
