By Kantaro Komiya and Tetsushi Kajimoto TOKYO (Reuters) -Bank of Japan Governor Haruhiko Kuroda said rapid yen moves were undesirable after a meeting with Prime Minister Fumio Kishida on Friday, joining a chorus of policymakers lobbing verbal warnings over the currency’s recent sharp drop to 24-year lows. “Sharp currency moves are undesirable as they destabilise…
SEOUL (Reuters) – South Korea’s antitrust regulator is investigating U.S. electric car maker Tesla Inc over allegations the company exaggerated the specifications of its batteries, an official at the Korea Fair Trade Commission (KFTC) said on Tuesday. Yonhap news agency on late Monday reported the KFTC had sent a report to the electric vehicle (EV)…
By Rozanna Latiff KUALA LUMPUR (Reuters) – Former Malaysian prime minister Najib Razak arrived at the country’s top court on Tuesday for the final leg of his appeal to set aside his corruption conviction and 12-year jail sentence over a case linked to the 1MDB financial scandal. The Federal Court could potentially deliver its verdict…
By Anna Voitenko and Ivan Lyubysh-Kirdey KYIV (Reuters) – Tearful mourners filled one of central Kyiv’s main cathedrals on Tuesday to honour a prominent Ukrainian writer and war-crimes researcher killed in a Russian missile strike on a cafe in eastern Ukraine. Victoria Amelina, 37, died on July 1 from injuries sustained during the June 27…
LONDON (Reuters) – The number of companies declared insolvent in England and Wales in the first three months of 2023 was up 18% on a year earlier and remained close to the 13-year high recorded in the final quarter of 2022, government data showed on Friday. Some 5,747 companies in England and Wales were declared…
OTTAWA (Reuters) -Canada’s industry minister is optimistic about reaching a deal with carmaker Stellantis over subsidies to build a battery plant in Windsor, Ontario, provided that the provincial government also offers some support, he said on Tuesday. Stellantis stopped construction at a C$5 billion ($3.7 billion) electric-vehicle battery plant in Canada, which is being built…
WASHINGTON (AP) — Average long-term U.S. mortgage rates ticked down modestly this week after six straight weeks of gains pushed rates to heights not seen in more than a decade, before a crash in the housing market triggered the Great Recession in 2008. Mortgage buyer Freddie Mac reported Thursday that the average on the key…
By Moira Warburton (Reuters) – New York will return three antiquities worth $725,000 to the people of Yemen, Manhattan District Attorney Alvin Bragg announced on Friday, as part of a criminal investigation into a Manhattan-based private collector. The antiquities – including an alabaster ram from the 5th century B.C.E., which was looted during the Yemeni…
TUCSON, Ariz. (AP) — A federal judge has rejected a request by Native American tribes to stop Toronto-based Hudbay Minerals Inc. from preparing a planned new Arizona copper mine’s site in the Santa Rita Mountains near Tucson. U.S. District Judge James Soto refused to issue a temporary restraining order and dismissed the lawsuit filed by…
DUBLIN (Reuters) – Ryanair said on Thursday it plans to base up to 30 new Boeing 737 MAX aircraft at Ukraine’s three main airports and fly over five million passengers a year when fighting eventually ends. The airline’s statement came as Ryanair Chief Executive Michael O’Leary met Ukraine’s Deputy Prime Minister for Restoration Oleksandr Kubrakov…
