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IAEA will visit Iran in next two weeks, Iranian foreign ministry says
DUBAI, July 28 (Reuters) - The U.N. nuclear watchdog will make a visit to Iran within the next two weeks, Iran's Foreign Ministry spokesperson Esmaeil Baghaei said on Monday, a few days after the watchdog's director said Tehran was ready to restart technical conversations.Baghaei added that ...Reuters
Mon, Jul 28
NZ wealth management firm FNZ faces $4.6 billion lawsuit from employee shareholders
July 28 (Reuters) - Some employee shareholders at New Zealand-based FNZ have filed a $4.6 billion claim against the wealth management firm and 17 current and former directors, alleging their stakes were unfairly diluted through the issuance of preference shares and warrants.Kiwi CayLP, representing ...Reuters
Mon, Jul 28
VW's Skoda posts 12% profit rise in H1 as electric sales grow
PRAGUE, July 28 (Reuters) - Skoda Auto, a Volkswagen VOWG_p.DE unit, increased the share of electric vehicles in its sales mix in the first half of the year and posted a nearly 12% rise in operating profit to 1.3 billion euros ($1.52 billion), it said on Monday.The Czech carmaker's revenue for t...Reuters
Mon, Jul 28
Climate, gender in focus for World Bank in aid-reliant Pacific Islands
By Kirsty Needham SYDNEY, July 28 (Reuters) - The World Bank has maintained its focus on climate change and gender in the Pacific, managing director of operations Anna Bjerde said on a visit to Australia, even as its largest shareholder the United States reduces aid in those areas.After meeting P...Reuters
Mon, Jul 28
Audi cuts forecast over US tariffs and restructuring costs
By Amir Orusov July 28 (Reuters) - German automaker Volkswagen's VOWG_p.DE premium brand Audi lowered its full-year financial guidance on Monday, citing the impact of higher U.S. import tariffs and ongoing restructuring costs.The Ingolstadt-based company now expects revenue of between 65...Reuters
Mon, Jul 28
IAEA will visit Iran in next two weeks, Iranian foreign ministry says
DUBAI, July 28 (Reuters) - The United Nations nuclear watchdog will make a visit to Iran within the next two weeks, Iran's Foreign Ministry spokesperson Esmaeil Baghaei said on Monday, a few days after the watchdog's director said Tehran is ready to restart technical conversations.Baghaei ad...Reuters
Mon, Jul 28
Russia's night attack wounds eight in Kyiv, Ukraine says
Military says air base town targetedEight wounded in Kyiv apartment blockKyiv says Russia launched over 320 drones and missilesBy Valentyn Ogirenko, Gleb Garanich and Max HunderKYIV, July 28 (Reuters) - A Russian overnight air attack wounded eight residents of an apartment building in Kyiv, includin...Reuters
Mon, Jul 28
Spain's Iberdrola creates data centre joint venture with Ireland's Echelon
MADRID, July 28 (Reuters) - Europe's largest utility Iberdrola IBE.MC and Ireland-based data centre operator Echelon are creating a joint venture to develop and operate data centres in Spain, the Spanish firm said on Monday.Iberdrola sees booming demand for data centres as one of the main driver...Reuters
Mon, Jul 28
China urges Japan to show prudence after Taiwan foreign minister's visit
BEIJING, July 28 (Reuters) - China's foreign ministry on Monday urged Japan to act more prudently on Taiwan-related issues, following a recent visit to Japan by Taiwan's Foreign Minister Lin Chia-lung.China has made strong protest to the Japanese side, Guo Jiakun, a ministry spokesperson tol...Reuters
Mon, Jul 28
South Korea minister to advise president to adjust military drills with US, Yonhap says
SEOUL, July 28 (Reuters) - South Korea's new Minister of Unification Chung Dong-young said on Monday he plans to advise President Lee Jae Myung to adjust joint military drills between the United States and South Korea, the Yonhap News Agency reported.Reuters
Mon, Jul 28
Talks underway with Thai and Cambodian leaders, Malaysian official says
PUTRAJAYA, Malaysia, July 28 (Reuters) - A meeting with the leaders of Thailand and Malaysia aimed at securing a ceasefire in a deadly border conflict was underway on Monday, a Malaysian official said. The ambassadors of the United States and China were also present at the meeting, the official said...Reuters
Mon, Jul 28
UK investment firms Hansa, Ocean Wilsons agree to merge in all-share deal
July 28 (Reuters) - UK's Hansa Investment HAN.L and Ocean Wilsons Holdings OCN.L have agreed to an all-share merger to create a diversified investment firm with more than 900 million pounds ($1.21 billion) in net assets, the companies said on Monday. Ocean Wilsons' shareholders will get 1...Reuters
Mon, Jul 28
EXCLUSIVE-Chinese consumer complaints show widespread padding of car sales figures
Tactic inflates sales amid price war in China's auto marketComplaints involve major brands like BYD, Toyota, VolkswagenDealers insure cars pre-purchase to meet sales targets, complaints show July 28 (Reuters) - A tactic used by Chinese automakers and dealers to inflate car sales has grown inc...Reuters
Mon, Jul 28
VW's Audi cuts full-year outlook, citing tariffs and restructuring
July 28 (Reuters) - Volkswagen's VOWG_p.DE premium brand Audi on Monday cut its its full-year guidance, citing the impact of higher U.S. import tariffs and restructuring expenses.The company now expects revenue between 65 billion euros ($76 billion) and 70 billion euros, down from a previous ra...Reuters
Mon, Jul 28
Euro zone government bond yields edge down after US-EU trade deal
By Stefano Rebaudo July 28 (Reuters) - Euro area government bond yields edged down on Monday after a trade agreement between the U.S. and the European Union introduced a 15% U.S. import tariff on most EU goods, broadly in line with economists’ forecasts.Expectations of a tariff deal and a hawkish...Reuters
Mon, Jul 28
Hansa Investment Company And Ocean Wilsons Agree To An All-Share Merger
July 28 (Reuters) - Hansa Investment Company Ltd HAN.L:HANSA INVESTMENT CO HANSA INVEST-HANA OCEAN WILSONS HLDGS - RECOMMENDED ALL-SHARE COMBINATIONHANSA INVESTMENT COMPANY LTD: AGREED TERMS OF A RECOMMENDED ALL-SHARE COMBINATION OF OCEAN WILSONS AND HANSAHANSA INVESTMENT COMPANY LTD: OCEAN WILSON...Reuters
Mon, Jul 28
New Zealand plans to scrap card payment surcharges
By Renju Jose July 28 (Reuters) - The New Zealand government on Monday proposed to ban surcharges on most in-store payments made using debit and credit cards from May next year, a move it said could save roughly NZ$150 million ($90.2 million) for Kiwi consumers.The plan follows the decision last ...Reuters
Mon, Jul 28
Hungary's Orban says EU-US tariffs deal is worse than UK-US agreement
BUDAPEST, July 28 (Reuters) - The framework trade agreement which the United States and the European Union signed on Sunday is worse than the trade deal that the United Kingdom reached with the U.S. earlier, Hungarian Prime Minister Viktor Orban said on Monday.The deal imposes a 15% import tariff on...Reuters
Mon, Jul 28
PRESS DIGEST- New York Times business news - July 28
July 28 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- The U.S. struck a framework trade agreement with the European Union, imposing a 15% import tariff on most EU goods - half the thr...Reuters
Mon, Jul 28
