By Kantaro Komiya TOKYO (Reuters) – Japan’s current account balance swung back into the black in February from its second-biggest deficit on record in the previous month, providing some respite for policymakers amid a deterioration in economic fundamentals. Soaring fuel costs and a weak yen have expanded Japan’s trade deficit in recent months, more than…
By Aziz El Yaakoubi and Maha El Dahan RIYADH (Reuters) -Saudi Arabia wants to collaborate, not compete, with China, the kingdom’s energy minister declared on Sunday, saying he “ignored” Western suspicions over their growing ties. As the world’s top oil exporter, Saudi Arabia’s bilateral relationship with the world’s biggest energy consumer is anchored by hydrocarbon…
By Jonathan Stempel (Reuters) – Tenaris SA, a global manufacturer of steel pipes, said on Thursday it will pay $78.1 million to resolve U.S. probes into its alleged payment of bribes to win business from Brazil’s state-owned oil company Petrobras. The Luxembourg-based company will pay a $25 million civil fine plus $53.1 million in disgorgement…
By Guy Faulconbridge (Reuters) -U.S. CIA Director William Burns said on Saturday that the armed mutiny by mercenary leader Yevgeny Prigozhin was a challenge to the Russian state that had shown the corrosive effect of President Vladimir Putin’s war in Ukraine. Putin this week thanked the army and security forces for averting what he said…
By Joyce Lee SEOUL (Reuters) -Samsung Electronics’ June-quarter profit is expected to plunge 96% on-year to the lowest for any quarter in more than 14 years, as a chip glut continues to drive large losses in the tech giant’s cash cow business despite a supply cut. Operating profit for the world’s biggest maker of memory…
(Reuters) – PNC Financial Services Group reported an 18.5% rise in first-quarter profit on Friday, as the Federal Reserve’s rate hikes fueled a surge in the U.S. regional lender’s net interest income (NII). Shares of PNC were up nearly 3% in premarket trading after upbeat results. They fell about 20% last quarter, which was marred…
By Antony Paone and Geert De Clercq ANNECY, France (Reuters) -Two toddlers gravely wounded by a knifeman in the French mountain town of Annecy were in a stable condition on Friday and doctors are optimistic for their recovery, President Emmanuel Macron said. Well-wishers laid flowers on Friday at the playground where the suspect, said by…
(Reuters) – Volkswagen’s said on Friday its group deliveries jumped 39% year-on-year in April, bringing the total number of vehicles shipped worldwide that month to 720,200. The result was particularly boosted by a 79% surge in China, where the leading German automotive group delivered 255,700 cars. In Western Europe, it had sent a total of…
LONDON (AP) — Britain’s Conservative government unveiled a 15 billion pound ($19 billion) emergency aid package Thursday to ease a severe cost-of-living squeeze, announcing the plan a day after Prime Minister Boris Johnson vowed to “move on” from a months-long scandal over government parties during COVID-19 lockdowns. Treasury chief Rishi Sunak said the government would…
JERUSALEM (Reuters) – Israel has published tenders for more than 1,000 new housing units in settlements in the occupied West Bank, despite a commitment it made in U.S.-backed talks in February that discussion of new settlement units would be halted for the next four months. Since the meeting in Jordan, attended by U.S., Egyptian, Jordanian,…
