By Krishna N. Das and Jennifer Rigby NEW DELHI/LONDON (Reuters) -An unnamed middleman in Mumbai provided a crucial raw material used in Indian-made cough syrups that have been linked to the deaths of more than 70 children in Gambia, a chemicals trader involved in the supply chain told Reuters. The World Health Organization said last…
(Reuters) -Meetings at the U.S. Federal Reserve, the European Central Bank and Australia’s central bank top the agenda, while megacap Apple brings the U.S. earnings season to an end, as markets work through fresh banking tremors. Here’s a look at the week ahead in markets from Ira Iosebashvili and Lewis Krauskopf in New York, Dhara…
(Reuters) – Over 200 law enforcement officers in Texas searched on Sunday for a man accused of shooting to death five neighbors after being asked to stop firing a semiautomatic rifle in Cleveland, Texas. Francisco Oropesa, 38, is accused of opening fire on neighbors after being asked to stop shooting an AR-15-style rifle late Friday…
By Chris Prentice, Nupur Anand and Saeed Azhar NEW YORK (Reuters) -PNC Financial Services Group, JPMorgan Chase & Co and Citizens Financial Group Inc were among banks that submitted final bids for First Republic Bank on Sunday in an auction by U.S. regulators, sources familiar with the matter said. The Federal Deposit Insurance Corp had…
By David Shepardson WASHINGTON (Reuters) – U.S. President Joe Biden on Saturday, in a possible preview of a 2024 presidential campaign theme, attacked news outlets he said used “lies told for profit and power” to stir up hatred in the United States, as he coupled his remarks with pointed jokes about Fox News. Speaking at…
SEOUL (Reuters) -South Korea’s exports fell for a seventh straight month in April for their longest losing streak in three years, driven by an extended slump in sales to China and suggesting persistent pressure on the economy from frail global demand. The downturn comes despite the reopening of the Chinese economy – a major market…
By El Tayeb Siddig and Aidan Lewis KHARTOUM (Reuters) -Sudan’s rival military forces accused each other of fresh violations of a ceasefire on Sunday as their deadly conflict rumbled on for a third week despite warnings of a slide towards civil war. Hundreds of people have been killed and thousands wounded since a long-simmering power…
By Ellen Zhang and Ryan Woo BEIJING (Reuters) -China’s manufacturing activity unexpectedly shrank in April, official data showed on Sunday, raising pressure on policymakers seeking to boost an economy struggling for a post-COVID lift-off amid subdued global demand and persistent property weakness. The official manufacturing purchasing managers’ index (PMI) declined to 49.2 from 51.9 in…
By Alessandro Parodi (Reuters) – China’s Ding Liren was crowned on Sunday as the 17th world chess champion in a tense match against Russian-born Ian Nepomniachtchi in Astana, Kazakhstan, in the last chapter of an odds-defying sequence of events. Thirty-year-old Ding won the rapid chess playoff by 2.5 points to 1.5, capitalizing on Nepomniachtchi’s mistakes…
By Lidia Kelly (Reuters) -Ukraine remains in control of a key supply route into Bakhmut, a military spokesperson said on Saturday, as the head of Russia’s mercenary Wagner Group threatened to withdraw some of his troops from the eastern city if Moscow did not send more ammunition. Russian forces have been trying for 10 months…
