By YP Rajesh NEW DELHI (Reuters) -India and the United States have concluded a roadmap for defence industry cooperation for the next few years, the two countries said on Monday, a landmark move expected to bolster New Delhi’s defence manufacturing ambitions. Washington is working to deepen ties with India and sees stronger military-to-military and technology…
By David Lawder and Andy Sullivan WASHINGTON (Reuters) – Republicans and Democrats are touting a hastily-written debt ceiling deal that staves off a devastating U.S. default, but does little to slow a massive buildup of total federal debt now on pace to exceed $50 trillion in a decade. The deal’s first problem, budget experts say,…
(Reuters) – Morgan Stanley warns of a 16% drop in profit for S&P 500 companies this year, followed by a sharp rebound in 2024 when analysts say the Federal Reserve’s policy will become more accommodative. Strategists led by Michael Wilson said in a note on Monday that they expect earnings to rebound sharply, with a…
MILAN (Reuters) – Carmaker Stellantis and Belgian metals recycler Galloo have entered exclusive talks to create a joint venture focused on parts and material recycling from end-of-life vehicles, the two companies said on Monday. The preliminary deal is part of the carmaker’s strategy to expand its so-called “circular economy” business, which includes vehicle reconditioning and…
By Aditi Shah and Tim Hepher ISTANBUL (Reuters) -The United States is in a “business recession” but the consumer is “strong”, Scott Kirby, chief executive of United Airlines, the world’s largest carrier, told reporters at an aviation conference in Istanbul on Monday. This can be seen as leisure air travellers come back stronger and faster…
By Nell Mackenzie LONDON (Reuters) – Hedge funds ditched European equities last week for stocks in the United States and Japan, client notes from JP Morgan, Morgan Stanley and Goldman Sachs show, as strong economic data lifted equity markets in both countries. Commodity Trading Advisors, hedge funds that use algorithms to trade market trends, rotated…
By Guy Faulconbridge MOSCOW (Reuters) -Russia said on Monday its forces had thwarted a major Ukrainian offensive at five points along the front in the Ukrainian region of Donetsk and killed hundreds of troops while Ukraine accused Moscow of spreading lies. It was not immediately clear whether or not the attack represented the start of…
(Reuters) – Richard Teng, Binance’s head of regional markets outside the United States, is seen as the most likely candidate to succeed the cryptocurrency firm’s chief executive officer, Changpeng “CZ” Zhao, according to media reports. The issue of succession has taken on additional urgency, as the company has come under intense U.S. scrutiny in recent…
By Ben Blanchard and Laurie Chen TAIPEI/BEIJING (Reuters) -The U.S. Navy has released a video of what it called an “unsafe interaction” in the Taiwan Strait, in which a Chinese warship crossed in front of a U.S. destroyer in the sensitive waterway, a risky incident amid deteriorating Sino-U.S. ties. The encounter comes as both countries…
By Guy Faulconbridge MOSCOW (Reuters) – Russia’s 2022 invasion of Ukraine has left tens of thousands of dead, displaced millions and sown economic turmoil across the world. Here are some details of the impact: * DEATH The war has caused death on a level not seen in Europe since World War Two. From Feb. 24,…
