ISTANBUL/DAMASCUS (Reuters) – After 13 years of civil war, Syria’s opposition militias sensed an opportunity to loosen President Bashar al-Assad’s grip on power when, about six months ago, they communicated to Turkey plans for a major offensive and felt they had received its tacit approval, two sources with knowledge of the planning said. Launched barely …
How Syria rebels’ stars aligned for Assad’s ouster Read More »
(Reuters) – Tesla aims to start its robotaxi service with a company-owned fleet backed up by human teleoperators for safety, Deutsche Bank said in a note after a meeting with the company’s head of investor relations. The electric vehicle maker still is shooting for a launch of its cheaper vehicle in the first half of …
Tesla aims to launch robotaxi with teleoperator backup, Deutsche Bank says Read More »
By Panarat Thepgumpanat and Chayut Setboonsarng BANGKOK (Reuters) – Thailand has recorded a 20% drop in low-quality imports, mostly from China since introducing steps to curb cheap Chinese imports that were hurting business in Southeast Asia’s second-largest economy, a government spokesperson said on Monday. Cheap goods from China have upended local manufacturing and businesses, contributing …
Thailand posts 20% drop in low-quality Chinese imports, official says Read More »
(Reuters) -Money manager Vanguard said on Monday it will establish a new advice and wealth management division led by industry veteran Joanna Rotenberg. Leading asset managers are expanding their wealth management services to meet growing client demand in the backdrop of an increasingly complex and volatile investment landscape. Vanguard’s CEO Salim Ramji and President Greg …
Vanguard plans new advice and wealth management division Read More »
(Reuters) -Crown Laboratories would buy the anti-wrinkle injection maker Revance Therapeutics at a roughly 50% lower price compared to an original agreement signed in August, the companies said on Monday, sending the latter’s stock tumbling 20%. The lowered takeover price follows months of delay in the deal after Revance, which makes a rival to AbbVie’s …
Revance agrees to lower take-private offer by Crown Labs Read More »
By Ron Bousso and Yuka Obayashi LONDON (Reuters) -BP and Japanese power generator JERA have agreed to join forces to form one of the world’s largest offshore wind operators, a major step in CEO Murray Auchincloss’ efforts to reduce BP’s focus on renewables. BP’s retreat from offshore wind reflects a similar trend at rivals Shell …
BP forms offshore wind joint venture in renewables retreat Read More »
(Reuters) – Citigroup, previously the only Wall Street brokerage forecasting a 50 basis point rate cut by the U.S. Federal Reserve, has now aligned with its peers in expecting a quarter point reduction at the central bank’s December policy meeting. Citigroup’s revision came after data on Friday showed nonfarm payrolls rose by 227,000 jobs last …
Citigroup joins Wall Street peers in forecasting 25 bps rate cut by Fed in December Read More »
By Ju-min Park and Joyce Lee SEOUL (Reuters) -South Korean President Yoon Suk Yeol has been banned from leaving the country over a failed attempt at imposing martial law, a justice ministry official said on Monday, amid growing calls for him to step down and a deepening leadership crisis. Yoon has apologised for the botched …
South Korea President Yoon banned from foreign travel as leadership crisis deepens Read More »
SEOUL (Reuters) – From trade and diplomacy to markets and budgets, South Korea struggled to contain the fallout from the president’s brief but shocking martial law attempt last week, just as the country navigates an uncertain future with its ally the United States. Life largely went on without disturbance for South Koreans on Monday, but …
From budgets to diplomacy, South Korea reels from martial law fallout as Trump looms Read More »
By Anjana Anil (Reuters) – Gold prices hit two-week highs on Monday, climbing more than 1% on renewed buying of the metal by China’s central bank following a six-month hiatus, with bullishness increased by anticipation of a U.S. Federal Reserve interest rate cut next week. Spot gold gained 1.1% to $2,662.98 per ounce, as of …
Gold hits 2-week high on China buying, Fed rate cut expectations Read More »
