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Battle over 'baby multilaterals' may trap Zambia, Ghana in longer debt default
Paris Club says some Afrexim, TDB debts must be restructured - sourcesNew multilaterals battle for preferred creditor status Dispute could slow Ghana, Zambia's exit from debt defaultRestructuring could make Afrexim, TDB, lending more expensiveBy Libby George and Karin Strohecker LONDON, April...Reuters
Thu, Apr 24
Other
China, Kenya say they oppose 'new hegemonic tactics', tariff barriers
BEIJING, April 24 (Reuters) - China and Kenya said they oppose "new hegemonic tactics" such as illegal unilateral sanctions, tariff barriers and technological blockades, a joint statement showed.The statement came after China's President Xi Jinping met with his Kenyan counterpart William...Reuters
Thu, Apr 24
Economic Indicator
Fitch watching 'quite closely' how South Korea manages geopolitical challenges
Fitch closely watching South Korea's management of global trade tensions Asia-Pacific director does not expect changes to country's "AA-" ratingSouth Korea's trade-reliant economy vulnerable to global shifts, he saidBy Jihoon Lee and Youn Ah Moon SEOUL, April 24 (Reuters) - Gl...Reuters
Thu, Apr 24
Forex
COLUMN-Trump could spur central banks to adopt digital coins: Peacock
By Mike PeacockApril 24, LONDON - Central bank digital currencies have often been deemed a solution in search of a problem. But U.S. President Donald Trump appears to have provided a rationale for CBDCs, even as he has banned the development of a digital dollar.A CBDC, as its name suggests, is a dig...Reuters
Thu, Apr 24
Other
Hyundai Motor shifts output of Tucson SUV from Mexico to US in response to tariffs
SEOUL, April 24 (Reuters) - Hyundai Motor 005380.KS said on Thursday that it has shifted output of its Tucson crossover from Mexico to the United States in response to U.S. tariffs.The automaker is also considering whether to shift some production from South Korea to other locations.Reuters
Thu, Apr 24
Forex
FOREX-Dollar rebound loses steam with trade in focus
SINGAPORE, April 24 (Reuters) - The dollar took a breather on Thursday, following a sharp bounce after U.S. President Donald Trump backed away from threats to fire Federal Reserve Chair Jerome Powell and his administration opened the door to a softer stance on China tariffs.After dipping below 140 y...Reuters
Thu, Apr 24
Other
Nestle beats quarterly sales estimates, says indirect tariff impact 'unclear'
By Richa Naidu LONDON, April 24 (Reuters) - Nestle NESN.S on Thursday said the indirect impact of U.S. tariffs was "unclear" and posted better-than-expected first-quarter organic sales growth, as the world's biggest packaged food company hiked prices for its Kit-Kat chocolate bars and...Reuters
Thu, Apr 24
Other
Sanofi's quarterly profit boosted by Dupixent and newer drugs; forecast unchanged
By Manas MishraApril 24 (Reuters) - France's Sanofi SASY.PA reported first-quarter profit that beat analysts' expectations on Thursday, boosted by strong demand for its anti-inflammatory drug Dupixent, as well as newer treatments and vaccines.However, the company left its full-year profit an...Reuters
Thu, Apr 24
Stocks
LIVE MARKETS-Dour sentiment readings threaten relief rally
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com DOUR SENTIMENT READINGS THREATEN RELIEF RALLY Europe's souring business sentiment looks likely to put stocks on the de...Reuters
Thu, Apr 24
Commodities
Teck Q1 results beat estimates on higher commodity prices, copper sales
April 24 (Reuters) - Canadian miner Teck Resources TECKb.TO on Thursday reported first-quarter results that beat expectations due to higher commodity prices and copper sales volumes.The company reported adjusted earnings per share from continuing operations of C$0.60, above expectations of C$0.32, a...Reuters
Thu, Apr 24
Economic Indicator
Thai export growth at 3-year high in March, US tariffs a challenge
BANGKOK, April 24 (Reuters) - Thailand's export growth in March reached the highest level in three years and shipments should continue to grow in the current quarter, although steep U.S. tariffs remain a concern, the commerce ministry said on Thursday.Exports THCEX=ECI, a key driver of Southeast...Reuters
Thu, Apr 24
Economic Indicator
JGB yields decline after smooth 2-year note auction
By Kevin Buckland TOKYO, April 24 (Reuters) - Japanese government bond yields fell on Thursday after a smooth auction of two-year notes soothed investor anxieties over the attractiveness of the securities following a sharp drop in yields this month.The two-year JGB yield JP2YTN=JBTC was down one ...Reuters
Thu, Apr 24
Commodities
Myanmar's Wa State holds meeting on issuing mining permits, says ITA
BEIJING, April 24 (Reuters) - Myanmar's Wa State held a meeting on Wednesday to discuss issuing mining permits, the International Tin Association (ITA) said on Thursday, as the tin-rich region inches closer to the resumption of mining.The ITA said mine investors and leaders of the mining bureau ...Reuters
Thu, Apr 24
Stocks
Thermo Fisher cuts 2025 profit forecast on tariff hit, research funding cuts
By Sneha S K and Siddhi Mahatole April 23 (Reuters) - Medical equipment maker Thermo Fisher Scientific TMO.N on Wednesday cut its annual profit forecast, in anticipation of a potential hit from the U.S. and China tariff war and the Trump administration's proposed cuts to academic research fu...Reuters
Thu, Apr 24
Other
German finance minister: agreement with US is still preferred option in tariff row
BERLIN, April 24 (Reuters) - Germany still hopes the European Union can find agreement with the United States to bring about a reduction in import tariffs but supports counter-measures if this fails, the country's finance minister said in a radio interview on Thursday."The position is very s...Reuters
Thu, Apr 24
Other
LG Display Says No Device Makers Are Currently Changing Their Production Base Strategy Due To Us Tariffs
April 24 (Reuters) - LG Display Co Ltd 034220.KS:LG DISPLAY: NO DEVICE MAKERS ARE CURRENTLY CHANGING THEIR PRODUCTION BASE STRATEGY DUE TO US TARIFFS, TO MONITOR POLICY GOING FORWARDLG DISPLAY: NO PRICE PRESSURE DUE TO US TARIFFS AS OF NOWReuters
Thu, Apr 24
Other
Thales posts higher quarterly revenue, maintains 2025 targets
By Tim Hepher PARIS, April 24 (Reuters) - French defence, aerospace and cyber group Thales TCFP.PA reaffirmed full-year forecasts on Thursday after posting stronger-than-expected first-quarter revenue, though new orders dropped compared with major arms deals recorded a year earlier.The company, w...Reuters
Thu, Apr 24
