KHARTOUM/WASHINGTON (Reuters) -The United States on Thursday imposed sanctions on companies it accused of fuelling the conflict in Sudan, stepping up pressure on the army and a rival paramilitary force to stop fighting raging in Khartoum and other regions. The U.S. Treasury Department said it targeted two companies linked to the army, including the country’s…
(Reuters) – The Organization of the Petroleum Exporting Countries with Russia and other allies, or OPEC+, meet on June 4 to discuss whether additional oil production cuts should be implemented. The group in early April surprised markets with output cuts of around 1.16 million barrels per day, fuelling a rise in prices. Going into the…
By Sabine Siebold and Gwladys Fouche OSLO (Reuters) – Moscow cannot stop Ukraine from becoming a NATO member, the alliance’s chief Jens Stoltenberg said on Thursday, as divisions among allies about the speed of Kyiv’s accession became apparent only weeks before a decisive mid-July summit in Vilnius. “All allies agree that Moscow does not have…
By Akriti Sharma and Abhirup Roy (Reuters) – Lucid Group said it plans to raise about $3 billion through a stock offering, nearly two-thirds of which will come from Saudi Arabia’s Public Investment Fund (PIF), sending shares of the luxury electric-vehicle maker down 9% after market hours. PIF, which owns more than 60% of the…
By Ahmad Ghaddar and Maha El Dahan LONDON/DUBAI (Reuters) -OPEC and its allies are unlikely to deepen supply cuts at their ministerial meeting on Sunday despite a fall in oil prices toward $70 per barrel, four sources from the alliance told Reuters. OPEC+, which groups the Organization of the Petroleum Exporting Countries and allies…
(Reuters) – Nvidia Corp’s market capitalisation jumped the most in May among the top 20 global companies by market value, adding $248 billion, with a majority of the gains coming in the last four sessions, according to Refinitiv data. The chipmaker briefly joined the $1 trillion valuation club, as investors bet on its potential to…
(This May 31 story has been corrected to clarify that Jordan’s comment referred to another bank and not Credit Suisse, in paragraph 9) ZURICH (Reuters) – Swiss National Bank Chairman Thomas Jordan on Wednesday defended recent interest rate hikes to tackle inflation, saying they were neither damaging for Swiss financial stability nor responsible for the…
By Munsif Vengattil, Aditya Kalra and Jane Lanhee Lee NEW DELHI/OAKLAND, California (Reuters) -Big companies including a Foxconn joint venture that bid for India’s $10 billion semiconductor incentives are struggling due to the lack of a technology partner, a major setback for Prime Minister Narendra Modi’s chipmaking ambitions. A planned $3 billion semiconductor facility in…
WASHINGTON (Reuters) – Federal prosecutors have a 2021 audio recording of former President Donald Trump acknowledging he kept a classified Pentagon document about a possible attack on Iran after leaving the White House, CNN reported on Wednesday. CNN did not listen to the recording but cited unidentified multiple sources describing it. Reuters was not able…
KHARTOUM (Reuters) -Sudan’s army suspended talks with a rival paramilitary force on Wednesday over a ceasefire and aid access, raising fears the six-week-old conflict will push Africa’s third largest country deeper into a humanitarian crisis. The armed forces said in a statement it halted talks in the Saudi city of Jeddah, accusing the other side…
