By Katanga Johnson and Xie Yu WASHINGTON/HONG KONG (Reuters) – “Significant issues remain” in reaching a deal with China over a long-running dispute around auditing compliance of China-based companies listed on U.S. stock exchanges, a U.S. Securities and Exchange Commission (SEC) official said on Tuesday. The SEC’s international affairs chief, YJ Fischer, told an audience…
By Richa Naidu LONDON (Reuters) -Danone SA has been doubling shipments to the United States of Neocate formula for infants allergic to cow’s milk, a top executive told Reuters on Wednesday, hoping to help stem a nationwide shortage of formula. Top manufacturer Abbott Laboratories in February recalled dozens of types of its Similac, Alimentum and…
By James Davey LONDON (Reuters) -British retailer Marks & Spencer will pull out of Russia altogether and joined rivals in warning about the outlook for the current year amid a worsening cost-of-living crunch. The 138-year-old clothing and food company ceased shipments to Russia in March and it said on Wednesday it would get out of…
By Richa Naidu LONDON (Reuters) – Danone SA on Wednesday said it has been doubling shipments to the United States of Neocate formula for infants allergic to cow’s milk. The world’s second-biggest baby formula maker told Reuters that it is in talks with U.S. authorities over what more it can do to ease the formula…
By Elizabeth Howcroft LONDON (Reuters) – Ukraine, battered by three months of war, plans to continue to tap crypto investors to help raise funds after a plunge in prices decimated the country’s fundraising efforts in May. Following the Russian invasion of Ukraine on Feb. 24, the Ukrainian government used social media to ask for cryptocurrency…
By Joyce Lee and Byungwook Kim SEONGNAM, South Korea (Reuters) – On weekdays, South Korean tech company Naver Corp’s new headquarters near Seoul resembles a scene straight out of a science-fiction movie, with some 40 robots ambling across floors and delivering parcels and Starbucks coffee to humans. The Rookies, as the robots are called, weave…
By Arathy Somasekhar and Isabel Kua SINGAPORE (Reuters) – Oil prices rose more than $1 on Wednesday, buoyed by tight supplies and the prospect of rising demand from the upcoming start of the summer driving season in the United States, the world’s biggest crude consumer. Brent crude futures for July rose $1.38, or 1.2%, to…
PARIS (Reuters) – French company TotalEnergies said it had agreed to buy 50% of Clearway Energy Group, the fifth-largest renewables company in the United States, which TotalEnergies said marked its largest U.S renewables energy acquisition. TotalEnergies added the acquisition would see it team up with Global Infrastructure Partners (GIP). As part of the deal, GIP…
By Gabriel Burin and Noe Torres BUENOS AIRES/MEXICO CITY (Reuters) – Brazilian stocks will rise less than previously expected this year as fears over October’s presidential vote tarnish the outlook for the second half and double-digit interest rates prompt a switch to deposit accounts, a Reuters poll showed. In recent weeks, Brazil’s benchmark Bovespa stock…
By Kevin Buckland TOKYO (Reuters) – The New Zealand dollar traded an early decline for a big gain on Wednesday after a hawkish tilt from the country’s central bank, while the greenback bounced off a one-month low amid a stabilisation in Treasury yields. The kiwi reversed losses as steep as 0.53% ahead of the Reserve…
