By Ben Blanchard and Jan Schwartz TAIPEI (Reuters) -Volkswagen is monitoring metals markets after China imposed export restrictions on two minor metals used in semiconductors and electric vehicles, it said on Thursday, while some chipmakers played down fears of shortages. Fears are growing that more curbs on strategic exports including rare earths could be coming…
By Sinéad Carew and Marc Jones NEW YORK/LONDON (Reuters) – MSCI’s global index of stocks fell on Thursday while Treasury yields rose as a surge in U.S. private payrolls prompted concerns that interest rates would stay higher for longer. Payroll company ADP said June private payrolls rose 497,000, far exceeding economists’ expectations for a 228,000…
By Kanishka Singh WASHINGTON (Reuters) – The U.S. is “appalled” by a brutal attack in Chechnya on a prominent female Russian journalist and a lawyer, the State Department said in a statement on Thursday, and it urged Russia to conduct a transparent probe and ensure justice. Armed masked men on Tuesday attacked Yelena Milashina, a…
By Ismail Shakil OTTAWA (Reuters) -Canada will provide up to C$15 billion ($11.23 billion) in production incentives for a Stellantis-LG Energy Solution (LGES) electric vehicle battery plant, the federal and Ontario governments said on Thursday, a day after the companies said construction at their plant would resume. The production incentives agreed with Stellantis and LGES…
(Reuters) – Concordia said on Thursday it had acquired all the shares it was permitted to acquire of Rothschild & Co, paving the way for the Rothschild family’s holding company to open an offer to take the investment bank private. Concordia said it bought 8.18 million shares of Rothschild at 46.60 euros per share. The…
WASHINGTON (Reuters) -President Joe Biden’s administration did not sanction or support secret meetings that former top U.S. national security officials held with Russian Foreign Minister Sergei Lavrov and other Russians on potential talks to end the Ukraine war, the White House and State Department said on Thursday. NBC News reported that the former U.S. officials…
By Mike Stone WASHINGTON (Reuters) -The United States plans to send cluster munitions to Ukraine to help it battle Russian invaders, U.S. officials said on Thursday, a move opposed by human rights groups but which would provide a powerful new element to Ukraine’s counteroffensive A weapons aid package that includes cluster munitions fired by a…
By Foo Yun Chee BRUSSELS (Reuters) – Online travel agency Booking Holdings will on Friday try to convince European Union antitrust regulators to allow its 1.63 billion euro ($1.8 billion) acquisition of Sweden’s Etraveli Group, despite concerns it could hurt competition. Booking announced its bid for peer Etraveli, owner of the brands Gotogate and Mytrip…
By Herbert Lash NEW YORK (Reuters) -The dollar eased after a brief rebound on Thursday as data showing the U.S. labor market remains strong increased chances the Federal Reserve will raise interest rates later this month. Private payrolls surged in June in the biggest rise since February 2022, an ADP National Employment report showed, while…
By Stephanie Kelly NEW YORK (Reuters) -Oil prices were near flat on Thursday as the market weighed tighter U.S. crude supplies with the higher likelihood of a U.S. interest rate hike that could dent energy demand. Brent crude futures settled 13 cents lower at $76.52 a barrel, after a 0.5% gain the previous day. U.S….
