HANOI (Reuters) – Vietnam’s electric vehicle maker VinFast said on Monday it had shipped a second batch of 1,879 longer-range VF 8 sport utility vehicles (SUVs), as it seeks to expand its foothold in overseas markets. VinFast, which is backed by Vietnam’s largest conglomerate Vingroup JSC, in November dispatched a shipment of 999 of its…
By Katya Golubkova and Yuka Obayashi SAPPORO, Japan (Reuters) -The Group of Seven rich nations on Sunday set big new collective targets for solar power and offshore wind capacity, agreeing to speed up renewable energy development and move toward a quicker phase-out of fossil fuels. But they stopped short of endorsing a 2030 deadline for…
SANTIAGO (Reuters) – Global copper producers are converging in Chile this week for their largest gathering since 2019, with talks expected to center on the industry’s growing M&A wave amid surging demand and tight supply for the metal anchoring the green energy transition. The buyout trend comes as Indigenous groups, host communities and others increasingly…
By Sakura Murakami TOKYO (Reuters) -Foreign ministers of the Group of Seven nations will focus on the security of both Europe and the Indo-Pacific as they gather in Japan from Sunday against a worrying backdrop of the war in Ukraine and China’s growing assertiveness. The three-day meeting in the resort town of Karuizawa also…
By Rod Nickel and Steve Scherer OTTAWA (Reuters) – Canadian Prime Minister Justin Trudeau’s top aide on Friday refused to say when Trudeau first learned about allegations that China tampered with recent elections, citing security concerns. Canadian authorities have started several investigations into the allegations of interference in Canada’s 2019 and 2021 elections, accusations that…
By Fergal Smith (Reuters) -Canada’s main stock index edged up on Friday to its highest closing level in six weeks, helped by gains for energy and financial shares, while weaker gold prices drove down mining stocks. The Toronto Stock Exchange’s S&P/TSX composite index rose 15.42 points, or 0.1%, to 20,579.91, its highest closing level since…
By Karen Brettell NEW YORK (Reuters) – The dollar index bounced off a one-year low against a basket of currencies on Friday after some March retail sales components were not as weak as some economists had feared, while a key Federal Reserve official warned that the U.S. central bank needs to continue hiking interest rates…
(Reuters) – The governing council of the Bank of Canada discussed raising interest rates at its policy meeting earlier this week before deciding to leave them on hold, the central bank’s governor, Tiff Macklem, said on Friday. Asked whether any council members were in favor of hiking rates at the meeting, Macklem said: “When I…
(Reuters) – Loblaw Companies Ltd on Friday said it would spend C$2 billion ($1.50 billion) to expand its business in 2023 and create more than 6,000 new jobs in retail, supply chain, technology and construction in Canada. The Canadian retailer’s investment comes at a time when it is seeing strength in its pharmacy business, as…
By Yuka Obayashi and Katya Golubkova SAPPORO, Japan (Reuters) -Canada is ready to become a reliable provider of critical minerals to its international allies including Japan, a senior official said, as the Group of Seven (G7) countries deem such minerals essential for climate goals and energy security. Canada has signed a joint action plan with…
