The Real News Network
LONDON (Reuters) – A new British banknote featuring a self-portrait by the 19th century painter J.M.W. Turner entered circulation on Thursday. The 20 pound note is the third to be made of durable polymer material rather than paper, following the launch of new five pound and 10 pound notes in 2016 and 2017. “Moving the […]
BERLIN (Reuters) – Car group Volkswagen <VOWG_p.DE> and the German association of consumer rights organisations have agreed to resume talks aimed at reaching a deal over a class action lawsuit over its rigging of diesel emissions tests. VW admitted using illegal software to cheat U.S. diesel engine tests in 2015, a scandal which has cost […]
NEW DELHI (Reuters) – India will not rush into a trade deal with the United States, an Indian foreign ministry spokesman said on Thursday, days before U.S. President Donald Trump’s visit. The two sides have been trying to narrow differences over tariffs and U.S. demands for greater access to India’s poultry and dairy markets. “We […]
By Winni Zhou and Stanley White SHANGHAI/TOKYO (Reuters) – China cut the benchmark lending rate on Thursday, as widely expected, as the authorities move to lower financing costs for businesses and support an economy jolted by a severe coronavirus outbreak. The epidemic has upended global supply chains and caused widespread disruption to businesses and factory […]
By Bart H. Meijer AMSTERDAM (Reuters) – Ralph Hamers made his mark as a tech-savvy chief executive who led Dutch bank ING <INGA.AS> back to profitability after cementing its position as a no-frills lender in Germany and simplifying its product portfolio. It is this record which is likely to have appealed to Switzerland’s UBS <UBSG.S>, […]
By Sarah N. Lynch and Jan Wolfe WASHINGTON (Reuters) – President Donald Trump’s long-time adviser Roger Stone is set to be sentenced on Thursday after being convicted on charges including lying to a congressional panel investigating Russian interference in the 2016 U.S. election in a case that has roiled the Justice Department and drawn Trump’s […]
By Judy Hua and Kevin Yao BEIJING (Reuters) – New bank loans in China rose more than expected to a record high in January, as authorities step up support for an economy hit by trade tensions and facing a new threat from a fast-spreading coronavirus outbreak. Chinese banks tend to front-load loans at the beginning […]
By Zoey Zhang and Brenda Goh BEIJING/SHANGHAI (Reuters) – Shares in affiliates of HNA Group surged on Thursday following a news report that China plans to take over the debt-laden conglomerate as the coronavirus outbreak has further hit its ability to meet financial obligations. The government of the southern province of Hainan, where HNA [HNAIRC.UL] […]
By Steven Scheer TEL AVIV (Reuters) – Wix.com, which helps small businesses build and operate websites, reported a smaller-than-expected decline in fourth-quarter net profit and forecast a revenue rise of about 25% this year to nearly $1 billion as it expands into the professional web creator market. Israel-based Wix reported on Thursday a quarterly net […]
By Ahmad Ghaddar LONDON (Reuters) – Brent oil prices held near one-month highs on Thursday supported by China’s efforts to boost its economy, a drop in new coronavirus cases at the epicentre of the outbreak and supply concerns in Venezuela and Libya. Brent crude futures <LCOc1> were up 7 cents at $59.19 a barrel by […]