By Steve Scherer OTTAWA (Reuters) -Canada and Saudi Arabia have agreed to restore full diplomatic ties and appoint new ambassadors, both countries said on Wednesday, bringing to a close a 2018 dispute that damaged relations and trade. The decision follows discussions held between Canadian Prime Minister Justin Trudeau and Saudi Crown Prince Mohammed bin Salman…
By Hari Kishan BENGALURU (Reuters) – Global stock indices will end this year higher than where they started it but most are set to be confined to ranges in coming months even as central banks approach the endgame for interest rate rises, according to Reuters polls of market strategists. Despite the drubbing in 2022 and…
WELLINGTON (Reuters) – The majority of New Zealand bank customers will be able to send and receive local payments seven days a week, starting on Friday, the local payments overseer said. Payments NZ, which manages New Zealand’s core payment clearing systems said in a statement that from Friday, electronic bank payments made on public holidays…
By Lawrence White LONDON (Reuters) -HSBC is reviewing a possible exit from as many as a dozen countries, or one in five of the markets it operates in, to sharpen its focus on Asian expansion, Chief Financial Officer Georges Elhedery told Reuters in his first interview since taking the role. The reviews follow pressure from…
BOGOTA (Reuters) – Colombia’s Gilinski Group signed a Memorandum of Understanding (MoU) to exit its stake in the country’s largest investment firm, Grupo Sura and take a controlling stake in food producer Nutresa , the companies said on Wednesday. The conglomerate, owned by Jaime Gilinski, one of Colombia’s richest men, had over the past year…
By Andrea Shalal and Nandita Bose WASHINGTON (Reuters) -The White House on Wednesday criticized Republicans and said averting default is the responsibility of every single member of Congress and that preventing such a situation is not a concession. House of Representatives Speaker Kevin McCarthy, a Republican, said on Tuesday a concession he will make is…
By Noel Randewich and Sinéad Carew (Reuters) -Stocks related to artificial intelligence surged in extended trade on Wednesday, adding almost $300 billion in market capitalization after chipmaker Nvidia Corp forecast strong revenue growth and said it was boosting production of its AI chips to meet surging demand. Nvidia’s stock zoomed as much as 28% after…
By Tim Kelly TOKYO (Reuters) – More than nine out of 10 Japanese firms feel a sense of crisis about the country’s accelerating birthrate decline, with few hopeful that Prime Minister Fumio Kishida’s government can arrest the fall, according to a Reuters monthly poll. Kishida unveiled a plan in March to reverse the birthrate trend,…
(Reuters) – Bill Ackman questioned the valuation of Carl Icahn’s flagship firm as he took another jab at his old rival, whose company has become the target of short-seller Hindenburg Research. The billionaire investor said in a tweet on Wednesday that he was “fascinated” by the situation between the short seller and Icahn Enterprises, while…
By Lucy Craymer WELLINGTON (Reuters) -The Reserve Bank of New Zealand Governor Adrian Orr said on Thursday the committee was confident in the level of restrictiveness of interest rates at the present point. “They (interest rates) are well above what we would consider neutral, are constraining spending and investment,” Orr told the New Zealand government…
