By Joyce Lee SEOUL (Reuters) -The South Korean government has been ordered to pay hedge fund Elliott about $108.5 million, Elliott and the Ministry of Justice said on Tuesday, in an dispute settlement case stemming from the 2015 merger of two Samsung affiliates. The tribunal at the Permanent Court of Arbitration in The Hague partly…
By Rodrigo Campos and Nelson Bocanegra NEW YORK (Reuters) – Colombia will continue to extract fossil fuels for “much longer” until it has other exports to replace that revenue, while considering diversifying its financing with carbon credits and green bonds, Finance Minister Ricardo Bonilla said on Tuesday. Oil and coal are the South American nation’s…
HAVANA (Reuters) – A delegation of high-level Cuban officials wrapped up an extended visit to Russia, according to state-run media reports on Tuesday, following up on the nearly 30 trade agreements signed between the allies in Havana in May. Longtime political allies Cuba and Russia – both subject to U.S. sanctions – have sharply increased…
NEW YORK (Reuters) – The International Monetary Fund is encouraged by the progress in discussions between Zambia and its official creditors, and an agreement could be reached “within a few days,” the fund said in a statement on Tuesday. “We are very encouraged by the significant progress being made in discussions between official creditors and…
LONDON (Reuters) – Secretary of State Antony Blinken said on Tuesday that the United States would have deep concerns about Chinese military activities in Cuba, after the Wall Street Journal reported that Beijing was planning a new training facility there. Speaking at a press conference in London after wrapping up a trip this week to…
By Humeyra Pamuk BEIJING (Reuters) -The United States on Tuesday pressed its call for military communication channels with China and signalled concern over reports that China plans a military training facility in Cuba following Secretary of State Antony Blinken’s trip to Beijing over the weekend. Establishing military-to-military communications is essential to reduce frictions between the…
BOGOTA (Reuters) – A labor reform pushed by Colombia’s government was shelved on Tuesday after committee legislators in Congress’ lower house failed to reach a quorum in a scheduled first debate, dealing a major setback to leftist President Gustavo Petro. The reform aimed to reduce working hours and boost overtime pay to fight poverty. Critics…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. A deepening sense of caution descends over Asian markets as the trading week reaches its mid-point, as investors give a lukewarm reaction to China’s interest rate cut and await key remarks from Federal Reserve Chair…
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – Two Federal Reserve policymakers and an economist nominated to join them on the Fed’s Washington-based board on Tuesday said their focus is on bringing down too-high inflation so that the U.S. economy can get back to sustainable growth. Inflation has “started to abate” but the Fed…
SEOUL (Reuters) – South Korea’s producer inflation slowed in May to its weakest pace in nearly 2-1/2 years, central bank data showed on Wednesday, due mostly to weaker oil prices. The producer price index stood 0.6% higher in May from the same month a year before, after a 1.6% rise in April, according to the…
