By David Lawder WASHINGTON (Reuters) -The U.S. and Taiwan reached agreement on the first part of their “21st Century” trade initiative, covering customs and border procedures, regulatory practices, and small business, the U.S. Trade Representative’s office said on Thursday. After the initial agreement of the U.S.-Taiwan Initiative on 21st Century Trade is signed, negotiations will…
By Takahiko Wada and Leika Kihara TOKYO (Reuters) -Japan’s core consumer inflation stayed well above the central bank’s 2% target in April and a key index stripping away the effects of fuel hit a fresh four-decade high, keeping alive expectations of a tweak to its massive stimulus this year. The reading comes a few days…
By Jeff Mason HIROSHIMA, Japan (Reuters) -Democratic negotiators told President Joe Biden on Friday that they are making “steady progress” in talks with Republicans aimed at avoiding a U.S. default, according to a White House official. Biden received an update on the talks with aides to Republican House of Representatives Speaker Kevin McCarthy on Friday…
By David Shepardson WASHINGTON (Reuters) – Hyundai Motor and Kia Corp agreed to a consumer class-action lawsuit settlement worth $200 million over rampant car thefts of the Korean automakers’ vehicles, lawyers for the owners and the automakers said on Thursday. In February, the Korean automakers said they would offer software upgrades to 8.3 million U.S….
(Reuters) -Holder Rafa Nadal will miss the French Open after failing to regain full fitness from a hip injury suffered at the Australian Open in January, and the 14-times Roland Garros winner added he expects to retire following the 2024 season. Nadal, who has dominated the claycourt season for close to two decades, has competed…
(Reuters) -Troubled Australian wealth manager AMP Ltd will pay a court-mandated penalty of A$24 million ($16.3 million) for billing dead clients for insurance and financial advice, effectively drawing the curtains to a scandalous saga dating back to 2018. The allegations first came to light when a public inquiry exposed systemic wrongdoing at the company, including…
By Anirban Sen NEW YORK (Reuters) -Lazard Ltd CEO Ken Jacobs is expected to step down from his role and hand the reins to Peter Orszag, who currently runs the investment bank’s financial advisory unit, a person familiar with the matter said on Thursday. Jacobs’ decision to step down comes after Lazard reported a loss…
WASHINGTON/SEOUL (Reuters) -The U.S. Justice Department is considering suing to block Korean Air’s planned acquisition of Asiana Airlines, Politico reported on Thursday. The U.S. Department of Justice has been investigating the November 2020 deal for roughly two years, and is concerned that it will hurt competition on overlapping routes to the United States, the report…
By Alexandra Valencia QUITO (Reuters) -Ecuador’s Constitutional Court on Thursday paved the way for early legislative and presidential elections, rejecting a series of cases brought by opposition politicians to block President Guillermo Lasso’s decision to dissolve the National Assembly. Members of opposition parties, along with social organizations, had presented six separate cases to the court,…
(Reuters) -Canada’s competition regulator said on Thursday it was suing Cineplex Inc for advertising movie tickets at a lower price than what many consumers actually have to pay. “We’re taking action against Cineplex because misleading tactics like drip pricing only serve to deceive and harm consumers,” said Commissioner of Competition Matthew Boswell. Competition Bureau Canada…
