By Herbert Lash and Alun John NEW YORK/LONDON (Reuters) -The dollar strengthened on Wednesday, lifted by rising Treasury yields, though the pound gained against the greenback after British inflation stayed above 10% in March and put more pressure on the Bank of England to keep raising rates. The dollar index, which tracks the currency against …
Dollar gains on rising US yields, British inflation lifts pound Read More »
By Manya Saini and Tatiana Bautzer (Reuters) – Morgan Stanley’s profit beat expectations as wealth management revenue climbed in the first quarter, offsetting slumps in investment banking and trading revenue. The bank earned $1.70 per share, beating analysts’ average estimate of $1.62 per share, according to Refinitiv data. Its stock edged 0.5% higher to $90.34 in …
Morgan Stanley beats estimates as wealth management shines Read More »
LONDON (Reuters) -German discount supermarket Lidl on Wednesday won a trademark lawsuit against Britain’s biggest retailer Tesco at London’s High Court over the use of a yellow circle on a square blue background. Lidl sued Tesco in 2020 shortly after Tesco adopted a yellow circle against a blue background to promote its “Clubcard Prices” discount …
Lidl wins trademark lawsuit against Tesco over discount scheme logo Read More »
By Deep Kaushik Vakil (Reuters) – Gold prices fell below the key $2,000 level on Wednesday as U.S. yields marched higher, with investors turning sceptical about potential U.S. rate cuts later this year. Spot gold was down 0.5% at $1,994.02 per ounce by 1:40 p.m. ET (1740 GMT), having shed as much as 1.8% to …
Gold slides as yields climb, doubts grow about Fed’s rate-hike pause Read More »
JOHANNESBURG (Reuters) -The South African rand recovered some losses it incurred earlier on Wednesday after local inflation data showed a rise in prices for the second consecutive month. At 1518 GMT, the rand traded at 18.1300 against the dollar, 0.19% stronger than its previous close. Inflation in Africa’s most industrialised economy rose 7.1% year-on-year in …
South African rand recovers after surprise inflation data Read More »
By Michael Georgy DUBAI (Reuters) – A battle that is hammering Khartoum and dragging Sudan to the brink of civil war pits the army chief and his regular forces against the streetwise fighters loyal to a former warlord. Army head General Abdel Fattah al-Burhan controls heavy weapons and the airforce, but his soldiers face a …
Sudan’s army chief, the warlord and a feud that risks civil war Read More »
By Khalid Abdelaziz, Nafisa Eltahir and Humeyra Pamuk KHARTOUM (Reuters) – Heavy gunfire shattered a 24-hour truce in Sudan on Tuesday shortly after it was due to take effect under U.S. pressure on warring military factions to halt fighting that has touched off a humanitarian crisis. Loud shooting reverberated in the background of live feeds …
Heavy gunfire quickly shatters Sudan truce pushed by US Read More »
By Muvija M and William James LONDON (Reuters) -Britain said on Wednesday that any intimidation on British soil of foreign nationals by China or other states was unacceptable and that it was investigating the matter, responding to a media report about a so-called secret Chinese police station. Britain has previously said that reports of undeclared …
UK warns China against intimidating foreign nationals on British soil Read More »
By Soyoung Kim, Ju-min Park and Hyonhee Shin SEOUL (Reuters) – South Korea might extend its support for Ukraine beyond humanitarian and economic aid if it comes under a large-scale civilian attack, President Yoon Suk Yeol said, signalling a shift in his stance against arming Ukraine for the first time. In an interview with Reuters …
Exclusive: South Korea’s Yoon opens door for possible military aid to Ukraine Read More »
GENEVA (Reuters) – Switzerland’s attorney general has filed an indictment against Gambia’s former interior minister for crimes against humanity committed under former authoritarian leader Yahya Jammeh, it said in a statement on Tuesday. Ousman Sonko is accused of having supported, participated in and failed to prevent “systematic and generalised attacks” as part of a repressive …
Switzerland indicts former Gambian minister for crimes against humanity Read More »
