LONDON (Reuters) – Global copper smelting activity slid in April to the lowest level in two years as Chinese operations shut for maintenance and plants in North America slowed down, data from satellite surveillance of metal processing plants showed on Friday. In Central Asia, smelters in Turkey and Kazakhstan were inactive at the end of…
A look at the day ahead in U.S. and global markets from Mike Dolan Big Tech delivered again, as another earnings beat from the world’s biggest firm soothed investor nerves over U.S. regional banks and the debt ceiling row – and Friday’s release of the April employment report. Apple, the world’s largest company by market…
By Ece Toksabay and Huseyin Hayatsever ANKARA (Reuters) – Whoever wins Turkey’s elections this month, the NATO-member is expected to maintain cordial relations with Russia that have already endured several years of dramatic change in Ankara’s foreign policy. What prompted that change was Turkey’s severe economic crisis, which forced President Tayyip Erdogan to mend strained…
By Eva Mathews and Radhika Anilkumar (Reuters) – IHG Plc Chief Executive Keith Barr will step down next month after six years at the helm, the Holiday Inn-owner said on Friday, sending its shares down despite strong first-quarter results driven by a rebound in Chinese demand. The 52 year-old American plans to return to his…
SYDNEY (Reuters) – Australian Prime Minister Anthony Albanese said on Friday he was frustrated for not yet finding a diplomatic fix over the continued detention of Julian Assange and that he remained concerned about the mental health of the WikiLeaks’ founder. “I know it’s frustrating, I share the frustration,” Albanese told ABC television from London…
By Tom Wilson and Angus Berwick LONDON (Reuters) – Israel has seized around 190 crypto accounts at crypto exchange Binance since 2021, including two it said were linked to Islamic State and dozens of others it said were owned by Palestinian firms connected to the Islamist Hamas group, documents released by the country’s counter-terror authorities…
By Felix Light (Reuters) – Former Russian deputy defence minister Colonel General Mikhail Mizintsev has joined the Wagner Group private militia as a deputy commander, Russian pro-war social media channels reported on Thursday. In two videos posted by war correspondent Alexander Simonov on Telegram, Mizintsev – clad in Wagner-branded combat gear – was shown visiting…
By Rod Nickel and Pavel Polityuk WINNIPEG, Manitoba/KYIV (Reuters) – Ukraine’s 12-year deal to buy enough uranium from Canadian miner Cameco Corp to power all of its nuclear reactors gives each side the right to change sales volumes with two years’ notice, the Ukrainian state-owned utility Energoatom told Reuters. The unusual flexibility of the deal…
By Suban Abdulla LONDON (Reuters) – Activity in Britain’s construction sector increased in April but growth was lopsided, with residential house-building suffering its steepest decline since May 2020, weighed down by weaker demand and higher mortgage rates, a survey showed on Friday. The S&P Global/CIPS UK Purchasing Managers’ Index for the construction industry came in…
FRANKFURT (Reuters) – Euro zone companies are raising prices at a more moderate pace as their costs stabilise, demand cools and competition mounts, although growing wages remain a concern, according to a European Central Bank survey published on Friday. The ECB slowed the pace of its interest rate increases on Thursday but signalled more tightening…
