SHANGHAI/HONG KONG (Reuters) – China’s cash-strapped local governments have suddenly rushed to an unusual corner of the debt market in Shanghai where ambiguous rules offer ways to skirt restrictions on onshore borrowing. Some analysts have described local government financing vehicles (LGFVs) as the “black hole” of China’s financial system, with debts of more than $9…
By Kanishka Singh WASHINGTON (Reuters) – The United States will extend by another year the temporary suspension of tariffs on Ukrainian steel, the Commerce Department said on Wednesday, citing the Russian invasion of Ukraine. The United States initially suspended tariffs on Ukrainian steel for one year in May last year, months after the Russian invasion…
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…
By Joseph Ax and Tim Reid (Reuters) – Former Vice President Mike Pence and former New Jersey Governor Chris Christie are planning to enter the race for the 2024 Republican presidential nomination next week in long-shot challenges to the dominance of front-runner Donald Trump. Christie, who advised Trump’s campaign in 2016 only to become a…
By Pavel Polityuk KYIV (Reuters) – The U.N. has proposed that Kyiv, Moscow and Ankara start preparatory work for the transit of Russian ammonia through Ukraine as it tries to salvage a deal allowing safe Black Sea grain exports, a source close to the talks said on Wednesday. As the preparatory work starts, the U.N….
By Maria Carolina Marcello BRASILIA (Reuters) – Brazilian President Luiz Inacio Lula da Silva has suffered a major defeat over important legislation protecting the Amazon rainforest and the Indigenous people who live in it, and he has had to cut his losses in a conservative Congress. Lawmakers backed by the powerful farm lobby in this…
By William Schomberg LONDON (Reuters) – One year after British reporter Dom Phillips was murdered in Brazil while working on a book about saving the Amazon rain forest, a group of journalists aims to complete the project, his family and former colleagues said on Thursday. “How to Save the Amazon: Ask the People Who Know”…
BRASILIA (Reuters) – Brazil’s supreme court voted on Wednesday to sentence former President Fernando Collor de Mello to 8 years and 10 months in prison on corruption and money laundering charges. The Brazilian prosecutor’s office accused Collor, 73, of having received around 30 million reais ($6 million) in bribes from a subsidiary of state-run oil…
(Reuters) – Argentina’s economy ministry is analyzing the launch of a voluntary asset conversion operation, it said in a statement on Wednesday, aiming to bring some relief to ailing government finances. In its statement following a meeting between the ministry’s finance chiefs and bank representatives, the ministry said the operation would seek to continue ordering…
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…
