By Leika Kihara (Reuters) -Bank of Japan policymakers debated the country’s progress towards achieving their inflation target and the pace at which they could roll back stimulus at new governor Kazuo Ueda’s debut meeting in April, a summary of opinions at the meeting showed. Some in the board also flagged the side-effects of the BOJ’s…
SANTIAGO (Reuters) -Chile’s senate approved on Wednesday a long-awaited new mining royalty bill, passing it back to the lower chamber for a final vote that could come as early as next week. Chile is the world’s top copper producer and the bill aims to raise taxes on large copper producers. Earlier this week, the government…
By Nandita Bose VALHALLA, N.Y. (Reuters) -U.S. President Joe Biden piled pressure on Republican lawmakers on Wednesday to move quickly to raise the country’s $31.4 trillion debt ceiling or risk throwing the U.S. economy into a recession that would kill thousands of jobs. “We’ve got to fight. We’re going to win this fight,” Biden said…
By Archishma Iyer (Reuters) – Australian lithium producer Allkem surged more than 14% on Thursday after announcing a $10.6 billion merger with U.S- based Livent to create the third-largest producer of the key component used in electric-vehicle batteries. Allkem shares soared as much as 14.2% to A$14.740 by 0014 GMT, touching their highest since Nov….
By Andres Gonzalez (Reuters) – Conglomerate Grupo Mexico is set to buy Citigroup Inc’s retail banking operations in Mexico for about $7 billion in a deal that could be announced as early as this week, according to a person familiar with the matter. As part of the deal, Citi will retain a roughly 10% stake…
By John Kemp LONDON (Reuters) -“Think it possible you may be mistaken”, England’s leader Oliver Cromwell demanded in a public letter to the Church of Scotland ahead of the battle of Dunbar in 1650.¹ Cromwell is not known to history for self-doubt or toleration, and the letter was written when he was at the head…
By Joseph White DETROIT (Reuters) – General Motors Co will consolidate North American sales operations for commercial vehicles, parts and telematics services under a new brand umbrella, GM Envolve, that will compete with Ford Motor Co’s Ford Pro unit and others for revenue from business vehicle fleets. GM executives said the reorganization is aimed at…
By Andrea Shalal NIIGATA, Japan (Reuters) – Treasury Secretary Janet Yellen on Thursday will underscore the United States’ commitment to continue supporting Ukraine for as long as needed, while working with other rich nations to degrade Russia’s ability to wage war against its neighbor. Yellen identified redoubled support for Ukraine as one of her three…
By Suban Abdulla LONDON (Reuters) – British property surveyors reported a drop in demand in April as new buyers turned more cautious ahead of the Bank of England’s latest expected interest rate increase, an industry survey showed on Thursday. The Royal Institution of Chartered Surveyors (RICS) said its measure of new buyer enquiries fell to…
By David Milliken LONDON (Reuters) – British Prime Minister Rishi Sunak risks missing his goal of halving inflation this year as underlying inflation shows little sign of having peaked in Britain or abroad, according to new economic forecasts published by a think-tank on Thursday. The National Institute of Economic and Social Research (NIESR) estimated annual…
