By Heekyong Yang SEOUL (Reuters) -South Korea’s LG Display Co Ltd will start supplying high-end TV panels to Samsung Electronic Co Ltd from as early as this quarter, three sources said, in a deal that would help the loss-making flat-screen maker turn profitable. LG Display aims to supply 2 million units next year and boost…
By Lucy Craymer WELLINGTON (Reuters) – New Zealand Labour government is set to reveal a worse budget bottom line and economic outlook on Thursday as it delivers what it calls a “no frills” 2023-24 budget to avoid fuelling inflation. Since coming into power, Prime Minister Chris Hipkins has cut costly programmes and reiterated the government’s…
By Stephen Culp NEW YORK (Reuters) – U.S. stocks slouched to a higher close on Monday, and benchmark Treasury yields rose amid flickering optimism that Washington will get past partisan wrangling and reach a debt ceiling deal. While all three major U.S. stock indexes ended green, market participants appeared to show little conviction as first-quarter…
By Ted Hesson WASHINGTON (Reuters) -U.S. officials on Monday said there will be “tougher consequences” for migrants illegally crossing the southern border as U.S. President Joe Biden transitions away from COVID-19 restrictions known as Title 42 that allowed agents to quickly expel many migrants to Mexico over the past three years. The number of people…
By Jonathan Stempel NEW YORK (Reuters) -A former associate of Rudy Giuliani is suing him for sexual assault, accusing Donald Trump’s former personal lawyer of hiring her to fulfill his desire for a sexual relationship. In a civil complaint filed on Monday and seeking at least $10 million, Noelle Dunphy said Giuliani began abusing her…
SYDNEY (Reuters) -A measure of Australian consumer sentiment fell in May after a surprise hike in interest rates by the Reserve Bank of Australia (RBA) and a “mildly disappointing” federal budget clouded the outlook for family finances and the economy. The Westpac-Melbourne Institute index of consumer sentiment out on Tuesday slid 7.9% in May from…
By David Morgan, Jeff Mason and Andy Sullivan WASHINGTON (Reuters) -President Joe Biden and Republican House of Representatives Speaker Kevin McCarthy on Monday prepared for critical debt-ceiling talks, with a little more than two weeks to go before the U.S. government could run short of money to pay its bills. Democratic and Republican staff were…
By Sarah N. Lynch WASHINGTON (Reuters) -The FBI lacked “actual evidence” to investigate Donald Trump’s 2016 presidential campaign and relied too heavily on tips provided by Trump’s political opponents to fuel the probe, U.S. Special Counsel John Durham concluded in a report released on Monday. The report marks the end of a four-year probe launched…
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -Automaker Stellantis has stopped construction at a more-than C$5 billion ($3.7 billion) electric-vehicle battery plant in Canada amid talks with the federal government about its support for the factory. “Effective immediately, all construction related to the battery module production on the Windsor site has stopped,” a spokesperson said,…
By Moira Warburton WASHINGTON (Reuters) -A man wielding a baseball bat attacked two staff members in Democratic U.S. Representative Gerry Connolly’s district office in northern Virginia on Monday, Connolly and police said. The staff were transferred to a hospital with non-life threatening injuries, Connolly said. The suspect, who arrived at Connolly’s office asking for the…
