By David Shepardson WASHINGTON (Reuters) -A bipartisan group of U.S. lawmakers will urge the CEOs of Ford Motor and General Motors to shrink reliance on China auto parts, particularly electric vehicle batteries, sources told Reuters on Monday. Four lawmakers who are part of the House of Representatives China Select Committee will travel to Detroit Tuesday…
By John Irish and Juliette Jabkhiro PARIS (Reuters) – France has banned an upcoming Iranian opposition rally over the risk of an attack, according to a letter sent to the organisers and seen by Reuters, after the release of an Iranian diplomat convicted of masterminding a plot to bomb the group in 2018. The ban…
PARIS (Reuters) – French carmaker Renault appointed on Monday its group chief executive Luca de Meo as the future chairman and CEO of Ampere, the electric vehicle division which Renault is aiming to list on the stock market. Renault added that its board of directors had also set up an ad-hoc committee, chaired by Jean-Dominique…
KYIV (Reuters) -Ukraine said on Monday it had recaptured an eighth village during its counteroffensive in the Russian-occupied south but that the Kremlin’s forces were trying to regain the initiative in the east by stepping up attacks. Ukrainian soldiers held up yellow and blue national flags in a video circulated on social media in which…
By Georgina Lee HONG KONG (Reuters) – The 24 companies that debuted the yuan-denominated stock trading scheme in Hong Kong attracted a small fraction of their stocks’ trading volume on Monday, as interest in using the new currency option was dwarfed by the Hong Kong dollar. Hong Kong Exchanges & Clearing began the so-called HKD/RMB…
By Julia Payne BRUSSELS (Reuters) – Europe is in danger of losing the race to become a global battery powerhouse as access to raw materials remains a major roadblock along with rising costs and fierce competition, a report by the European Court of Auditors (ECA) said on Monday. The report warned that the European Union…
By Iain Withers LONDON (Reuters) -The dollar edged higher and the UK pound was near a 14-month peak on Monday as investors digested a slew of monetary policy decisions by central banks last week and looked ahead to a crunch decision by the Bank of England on Thursday. Currency market moves have been dominated by…
BANGKOK (Reuters) -Thailand on Monday justified hosting talks aimed at re-engaging with Myanmar’s shunned military, saying dialogue was necessary to protect its border with the strife-torn country, even as top diplomats of key Southeast Asian neighbours stayed away. Myanmar’s generals have been barred from high-level meetings of the 10-member Association of Southeast Asian Nations (ASEAN)…
By Naomi Rovnick and Stella Qiu LONDON, SYDNEY (Reuters) -Global shares fell from 14-month highs hit last week, as investors awaited testimony from U.S. Federal Reserve Chair Jerome Powell in markets that remain dominated by monetary policy bets. The MSCI’s broad gauge of world stocks softened by 0.3%, with Wall Street markets closed for the…
(Reuters) – Silicon Valley Bank’s customers in Asia whose deposits were recently seized by the U.S. Federal Deposit Insurance Corp (FDIC) are under pressure to repay loans to First Citizens Bank, The Wall Street Journal reported on Monday. According to the report, when SVB failed in March, the FDIC stepped in to protect all of…
