(Reuters) -The June 29 story on Shein has been withdrawn because it incorrectly stated that the China-founded online retailer had registered with U.S. regulators for an initial public offering. A new story will follow. STORY_NUMBER: L1N38L1WF STORY_DATE: 29/06/2023 STORY_TIME: 1830 GMT
MOSCOW (Reuters) – RusKhimAlyans, a subsidiary of Russian gas giant Gazprom, has filed lawsuits seeking a total of 31 billion roubles ($348 million) from Deutsche Bank and Commerzbank, Russian court documents show. RusKhimAlyans, in which Gazprom has a 50% stake, is seeking more than 22 billion roubles from Deutsche Bank and over 8 billion roubles…
By Joanna Plucinska and Tim Hepher FILTON, England (Reuters) – Airbus is stepping up testing of radical new wing technology as the planemaker lays the foundation for a future successor to its best-selling A320 series, but faces a battle to bring down costs. British Industry Minister Nusrat Ghani inaugurated a wing technology plant in southwest…
By Alexander Hübner MUNICH (Reuters) – Up to half of the 100 billion euro ($109 billion) special fund set up to modernize the German military will likely go to U.S. defence companies, a leading tank gear box maker said, accusing Berlin of lacking a strategy for its defence industry. “I don’t believe that much of…
By Naomi Rovnick and Xie Yu LONDON/HONG KONG (Reuters) – Global stocks held steady on Tuesday, as investors balanced the inflationary force of rising oil prices with hopes that central banks would not over-tighten monetary policy into a potential recession. MSCI’s broadest index of world stocks, which rose almost 6% last month as the U.S….
By Harry Robertson and Ankur Banerjee LONDON/SINGAPORE (Reuters) – The dollar fell against the yen on Tuesday as markets remained on high alert for signs of Japanese intervention, but the broader market was placid with U.S. traders off for a public holiday. The greenback was down 0.28% at 1340 GMT to 144.26 yen, after rising…
LONDON (Reuters) – British finance minister Jeremy Hunt gave his backing to the country’s financial regulator FCA to ensure banks are passing on better savings rates to consumers. “Increased interest rates must also be passed on to savers,” Hunt said on Twitter. “@TheFCA (The Financial Conduct Authority) has my full backing to ensure banks are…
By Gavin Jones and Giuseppe Fonte ROME (Reuters) – Italy’s budget deficit widened in the first quarter to 12.1% of gross domestic product (GDP) compared with 11.3% in the same period of 2022, data showed on Tuesday, getting public finances off to a bad start after a huge overshoot in 2022. This year Giorgia Meloni’s…
By Karin Strohecker and Vincent Flasseur LONDON (Reuters) – The world’s major central banks delivered in June the biggest number of monthly interest rate hikes year-to-date, surprising markets and flagging more tightening ahead as policy makers grapple to get the upper hand in their battle against inflation. Seven of the nine central banks overseeing the…
(Reuters) -China will control exports of some metals used in the semiconductor industry, ramping up a technology war with the United States and potentially causing more disruption to global supply chains. Here’s what people are saying about the measure: LUCY CHEN, VICE PRESIDENT AT TAIPEI-BASED ISAIAH RESEARCH: “We believe that gallium and germanium are indeed…
