By Clare Jim HONG KONG (Reuters) -Cash-strapped Kaisa Group Holdings Ltd has joined a growing list of Chinese property developers unable to publish 2021 audited earnings by March 31 as required by listing rules, deepening market concern about the sector’s financial health. Kaisa late on Tuesday said a virus lockdown in Shenzhen left audit work…
NORRTALJE, Sweden (AP) — Prime Minister Magdalena Andersson on Sunday was on the campaign trail a week before Sweden’s national election to tackle fears over gang violence and rising electricity bills. Andersson traveled by bus to communities near Stockholm to try to reassure voters. The election on Sept. 11 comes amid a sense of rising…
By Asif Shahzad ISLAMABAD (Reuters) -The International Monetary Fund’s board approved a $3 billion bailout programme for Pakistan which will immediately disburse about $1.2 billion to help stabilise the South Asian ailing economy, the lender said on Wednesday. Pakistan and the Fund reached a staff level agreement last month, securing a short-term pact, which got…
NEW YORK (Reuters) – Investment bank Lazard terminated a managing director for inappropriate behavior over the weekend, according to a source familiar with the situation. Incoming CEO Peter Orszag sent a memo to staff this weekend informing them that the company had dismissed a managing director in the bank’s financial advisory unit, the source said….
By Manya Saini (Reuters) – Several high-flying startups are being brought down to earth, as a recent carnage in global equity markets and lackluster demand for new listings force companies to raise funds at a substantial discount to their sky-high valuations. Easy money from venture capital dealmaking is fast evaporating in an inflation-induced high interest-rate…
By Andrea Shalal and David Lawder BALTIMORE/WASHINGTON (Reuters) – The United States and Britain are expected to announce an end to a long-running steel trade dispute on Tuesday, granting a UK duty-free import quota of over 500,000 tonnes of British-made steel annually, people familiar with the deal said. The pact, to be announced by U.S….
KYIV (Reuters) – Ukraine said on Thursday it had shot down all 36 Iranian-made drones launched by Russia in overnight attacks which it said probably targeted critical infrastructure and military facilities. President Volodymyr Zelenskiy said it had been an “uneasy night” but commended the work of air defences. “Continuing to terrorise Ukraine, the enemy used…
By Jonathan Stempel NEW YORK (Reuters) -The former Hollywood movie producer Harvey Weinstein, now in prison after being convicted of sex crimes, on Tuesday sued the U.S. business of Fiat Chrysler Automobiles over a 2019 crash in which he flipped a Jeep Wrangler while trying to avoid a deer. Weinstein is seeking $5 million in…
FRANKFURT (Reuters) – The German economy is likely to have expanded in the last quarter on a rebound in industrial production, the Bundesbank said in a monthly report on Monday, revising its previous prediction of a small contraction. The euro zone’s biggest economy has struggled for much of the past year as sky-high energy prices…
By Brendan O’Brien and Julia Harte (Reuters) -The United States is experiencing with a range of unusual weather, from a tropical storm in Hawaii to record-breaking heat across its Sun Belt states and poor air quality in many areas as smoke from Canadian wildfires wafts across the border. As the United States and China, the…
