By Tetsushi Kajimoto TOKYO (Reuters) – The weekend gathering of finance chiefs from the Group of Seven (G7) advanced economies did not single out China as a threat in their communique, but left signs the world’s second-largest economy will loom large at this week’s summit in Hiroshima. Efforts to grapple with China’s growing global presence…
MEXICO CITY (Reuters) – Mexico’s central bank will likely keep its benchmark interest rate unchanged in its next monetary policy decision, a Reuters poll showed on Tuesday, amid a slowdown in inflation. The 20 analysts polled by Reuters see the Latin American country’s central bank maintaining borrowing costs at the current rate of 11.25% for…
By Andrea Shalal and Yew Lun Tian BEIJING (Reuters) – U.S. Treasury Secretary Janet Yellen, a trailblazer in the field of economics, met with six female economists in Beijing on Saturday, an effort to spotlight gender diversity following meetings with China’s largely male government leaders. Yellen, the first woman to head the U.S. Treasury, has…
(Reuters) – Copper miner Teck Resources on Wednesday said it has withdrawn its proposed restructuring plan ahead of a shareholder vote on the proposal amid Swiss mining giant Glencore Plc’s attempts to buy the company. Here is the snapshot of key events in the saga so far. Date Development March Glencore privately offers to merge…
LONDON (Reuters) -Qatar Airways accused planemaker Airbus on Thursday of moving the goalposts in a safety and contractual dispute by raising the allowable limit for surface damage to the A350 jetliner. The two sides have been locked in a high-profile dispute over damage to the anti-lightning mesh within the painted skin of the A350 that…
By Tetsushi Kajimoto TOKYO (Reuters) -Japan will take appropriate steps should the yen weaken excessively, Finance Minister Shunichi Suzuki said on Friday after the currency plumbed seven-month lows against the dollar. Suzuki warned against investors selling the yen too far as the currency weakened past 145 to the dollar, a level that made speculators wary…
(Reuters) -Oil major Exxon Mobil is in talks with Tesla, Ford Motor, Volkswagen and other automakers to supply lithium for electric vehicle batteries, Bloomberg Law reported on Monday, citing people familiar with the matter. The talks also include the likes of Samsung and SK On Co, the report added. Tesla, Ford, Volkswagen did not respond…
COVID-19 vaccine sales helped Moderna triple its net income in a better-than-expected first quarter. The vaccine maker said Wednesday that revenue from its coronavirus preventive shots jumped to $5.92 billion from $1.73 billion in last year’s quarter, when the vaccines were debuting in most markets. More than 217 million doses of Moderna’s Spikevax vaccine have…
By Byron Kaye SYDNEY (Reuters) – Before COVID-19 sent one-third of the global workforce home, the Melbourne property surveyor that employs drone operator Nicholas Coomber called its 180-strong staff into the office every day at 9 a.m. to hand out assignments. Now that they work from home, the surveyors travel straight to the field as…
By Scott Murdoch and Joyce Lee HONG KONG (Reuters) -Korean battery maker LG Energy Solution has opened the books to investors to raise up to $10.8 billion in the country’s largest ever initial public offering (IPO), according to a term sheet seen by Reuters. The shares will be sold in a price range of 257,000…
