By Saqib Iqbal Ahmed NEW YORK (Reuters) – Shares of U.S.-listed Chinese exchange traded funds edged higher on Thursday, tracking gains in the Chinese markets after the central bank cut borrowing costs to aid a shaky economic recovery and as investors pinned hopes on further stimulus. China’s stock markets rose on Thursday, with the benchmark…
OTTAWA (Reuters) – Russia’s Foreign Ministry said on Thursday that it had summoned a Canadian diplomat in Moscow in protest over the confiscation of an Antonov plane in Toronto, and warned that Russian-Canadian relations were on the “verge of being severed.” Canada on Saturday ordered the seizure of a Russian-registered Antonov-124 cargo plane at Toronto’s…
By Svea Herbst-Bayliss NEW YORK (Reuters) – Proxy advisory firm Institutional Shareholder Services on Thursday recommended that Biogen <BIIB.O> shareholders elect Susan Langer to replace long-standing director Alex Denner, who abruptly left the board earlier this week. Biogen said Langer, a former corporate strategy chief at the biotech company, would stand for election to replace…
By Maya Gebeily BEIRUT (Reuters) – War-weary Syrians are in such dire straits that they require “way more than what is possible today,” the International Committee of the Red Cross’s regional chief said on Thursday as a fundraiser raked in only half the targeted amount. Humanitarian needs are higher than ever, with the legacy of…
WASHINGTON (Reuters) – The U.S. State Department on Thursday said Kosovo and Serbia must both take immediate steps to de-escalate tensions, which includes the unconditional release of three Kosovo police officers detained by Serbia. “We believe that Kosovo and Serbia must both take immediate steps to de-escalate tensions,” State Department spokesperson Matthew Miller told reporters….
(Reuters) – Chechen fighters have been deployed in Russia’s Belgorod region bordering Ukraine to prevent attacks from “Ukrainian sabotage groups”, Chechnya ruler Ramzan Kadyrov said on Thursday. Belgorod region has in the past month reported a series of cross-border incursions from pro-Ukraine Russian partisan groups calling themselves opponents of President Vladimir Putin. Kadyrov, a Putin…
LONDON (Reuters) – A strong start to June for the world’s second-biggest fashion retailer H&M, an optimistic outlook from Hugo Boss and a return to profitability at ASOS helped allay concerns over a sector hit by weakening U.S. demand. Signs of resilience came as a relief to investors concerned that economic uncertainty is driving shoppers…
ROME (Reuters) – Italy’s Prime Minister Giorgia Meloni met with Tesla CEO Elon Musk in Rome later on Thursday, a government source said, after holding brief talks with Foreign Minister Antonio Tajani in the morning. Talks between Meloni and Musk focused on the low birth rate in Italy, the issue of deregulation in the European…
ROME (Reuters) – Vodafone said on Thursday it had reached an agreement with unions over managing 1,003 job cuts in Italy needed to cut costs. The British telecoms giant said the deal was aimed at transforming its Italian business model and containing the social impact of the redundancies, which cover almost a fifth of its…
(Reuters) – Intel and the German government are close to an agreement for the chipmaker to receive 9.9 billion euros ($10.83 billion) in subsidies, up from a previously agreed 6.8 billion, Handelsblatt reported on Thursday, citing government sources. Final negotiations will take place this weekend, the newspaper reported, with Intel Chief Executive Pat Geisinger and…
