By Stephanie Kelly NEW YORK (Reuters) -Oil prices climbed more than 3% on Tuesday after the head of the U.S. central bank eased market concerns over interest rate hikes, while recovering demand in China also boosted prices. Brent crude futures were up $2.70, or 3.3%, to $83.69 a barrel, while U.S. West Texas Intermediate crude …
Oil surges more than 3% as Fed’s Powell eases rate hike concerns Read More »
By Elizabeth Piper LONDON (Reuters) – Britain must set out a new strategy to boost military production and overhaul wasteful procurement to better support Ukraine and signal to Russia that things can only get worse, opposition Labour’s defence policy chief said on Tuesday. With Labour commanding a healthy lead over the governing Conservatives, its top …
Britain needs new ‘stockpile’ strategy to support Ukraine, says Labour Read More »
By Tiemoko Diallo BAMAKO (Reuters) -Mali’s foreign minister said on Tuesday it had no need to justify working with Russia on strengthening its military capabilities and importing oil and wheat, despite Western concerns. Abdoulaye Diop was speaking as Russian Foreign Minister Sergei Lavrov made his first visit to the West African nation, where militants linked …
Mali says no need to justify Russia as partner as Lavrov visits Read More »
By Ron Bousso and Shadia Nasralla LONDON (Reuters) – BP reported on Tuesday a record profit of $28 billion for 2022 and hiked its dividend, but infuriated climate activists by rowing back on plans to slash oil and gas output and reduce carbon emissions by 2030. The blockbuster profit follows similar reports from rivals Shell, …
BP makes record profit in 2022, slows shift from oil Read More »
By Ismail Shakil and Ben Blanchard OTTAWA/TAIPEI (Reuters) -Canada and Taiwan on Tuesday agreed to start formal negotiations for a deal to encourage two-way foreign investments and deepen their Indo-Pacific partnership in talks that are likely to irk China. Taiwan has been seeking greater diplomatic and moral support from major Western democracies, like Canada, as …
Canada, Taiwan to begin formal talks to spur foreign investments Read More »
BENGALURU (Reuters) -India’s Adani Green said on Tuesday its profit jumped more than two-fold in the third quarter, as the total power it supplied to customers increased. Adani Green is one of several Adani Group companies caught in the eye of a storm since Jan. 24 when U.S.-based short-seller Hindenburg Research raised concerns on the …
India’s Adani Green posts surge in quarterly profit on higher power supply Read More »
JOHANNESBURG (Reuters) -South Africa’s rand inched higher against the dollar on Tuesday ahead of a speech by Federal Reserve Chair Jerome Powell that could provide further clues on the U.S. interest rate hike path. At 1545 GMT, the rand traded at 17.6400 against the dollar, about 0.11% stronger than its previous close. The dollar rose …
South African rand inches up ahead of Fed chair Powell’s speech Read More »
By David Shepardson, Jeff Mason and Yew Lun Tian WASHINGTON/BEIJING (Reuters) -The U.S. Coast Guard on Monday imposed a temporary security zone in waters off South Carolina during the military’s search for debris from a suspected Chinese spy balloon shot down by a U.S. fighter jet, and the White House said it would keep a …
U.S. seeks Chinese balloon remnants, says approach to China will stay calm Read More »
By Sam Tobin LONDON (Reuters) -A former London police officer was jailed on Tuesday for more than 30 years for an “unrestrained campaign of rape and abuse of women” over nearly two decades in the latest scandal to hit Britain’s biggest police force. David Carrick, who worked in the Metropolitan Police’s parliamentary and diplomatic protection …
London policeman jailed for 32 years after ‘monstrous’ serial rape Read More »
By Noor Zainab Hussain, Mike Spector and Jessica DiNapoli (Reuters) -Bed Bath & Beyond Inc said on Monday it was planning to raise some $1 billion through an offering of preferred stock and warrants in a last-ditch effort to stave off bankruptcy. The home goods retailer said in securities filings that if it can’t complete …
Bed Bath & Beyond moves to raise $1 billion to avoid bankruptcy Read More »
