By Andrew Osborn MOSCOW (Reuters) -Russia’s Foreign Ministry summoned the U.S., British and Canadian ambassadors for a dressing down on Tuesday after they condemned the conviction of an opposition politician on treason charges. A Moscow court jailed Kremlin critic Vladimir Kara-Murza – who holds Russian and British passports – for 25 years on Monday after…
HONG KONG (Reuters) – Top shareholder of HSBC renewed its call for breaking up of the Asia-focused bank on Tuesday, saying the lender has failed to address key business model challenges which has resulted in deterioration in its operating performance. Ping An Asset Management Company (Ping An AMC) said in a statement HSBC has “drained”…
ROME (Reuters) – British American Tobacco and Amazon are under investigation in Italy over what regulators say is potentially misleading advertising for the Glo Hyper X2 tobacco heater, the Italian Competition Authority said on Tuesday. “It is not made clear, or it is inadequately stated” in the advertising that Glo Hyper X2 is a nicotine-based…
LONDON (Reuters) – More companies in England and Wales entered insolvency during March than at any point since monthly records started three years ago, according to official data on Tuesday that showed a 16% increase on a year ago. The Insolvency Service Agency reported 2,457 corporate insolvencies last month, up from 1,784 in February. The…
A look at the day ahead in U.S. and global markets from Mike Dolan With investors largely assuming recession ahead, an accelerating global economic pulse challenges the narrative and is seeing interest rates tick back higher again as the March banking wobble subsides. China’s economy grew at a faster-than-expected 4.5% pace in the first quarter,…
By Tim Hepher PARIS (Reuters) – Airbus has started notifying airlines about delivery delays in 2024 for its best-selling A320neo family of jets, with several hundred of the single-aisle planes set to be postponed by as much as three months, industry sources said on Tuesday. Airbus confirmed unspecified delays for 2024 in a statement to…
A look at the day ahead in European and global markets from Kevin Buckland China’s post-Covid recovery is firmly on track, according to a barrage of data on Tuesday. The economy expanded 4.5% in the first quarter year-on-year, accelerating from the previous 2.9% reading and handily outstripping forecasts for 4% growth. Retail sales surged more…
LONDON (Reuters) -Glencore executives have met or spoken with some 120 Teck Resources shareholders during a short visit to Toronto to try to win support for the company’s takeover bid rather than an internal overhaul, a source familiar with the situation said. Glencore made its $22.5 billion all-share offer as Teck’s own plan to spin…
By Huw Jones LONDON (Reuters) – Stock exchanges and asset managers have squared off ahead of European Union negotiations this week over how much information investors should be given to find the best deals on Europe’s fragmented stock markets. The European Parliament and EU states begin negotiations on Tuesday on finalising reform of the bloc’s…
By Andrew Osborn MOSCOW (Reuters) -Kremlin critic Vladimir Kara-Murza was jailed for 25 years by a Moscow court on Monday, the harshest sentence of its kind since Russia invaded Ukraine, after being convicted of treason and other offences in a trial he said was politically-motivated. Kara-Murza, 41, a father of three and an opposition politician…