KYIV, Dec 17 (Reuters) – Ukraine controls nearly 90% of the strategic northeastern town of Kupiansk, its military chief said on Wednesday, but Russia’s defence minister said a Ukrainian counter-attack on the town had been unsuccessful. The chief of Russia’s general staff told President Vladimir Putin last month that Russian forces had taken control of…
By Lucy Craymer and Renju Jose WELLINGTON, Dec 17 (Reuters) – New Zealand’s top central banker said on Wednesday the official cash rate was likely to remain low through next year, countering markets that have priced in two rate hikes in the coming year. Reserve Bank of New Zealand Governor Anna Breman told the New…
MOSCOW, Dec 15 (Reuters) – A Russian court has ruled in favour of Rusal in the aluminium giant’s 104.75-billion-rouble ($1.32 billion) lawsuit against global mining and metals company Rio Tinto, according to court documents. The ruling intensifies a legal battle over a joint alumina refinery in Queensland, Australia, that Rio took sole control of after…
A look at the day ahead in European and global markets from Gregor Stuart Hunter China’s property sector is taking centre stage as traders kick off the last full trading week of the year, contending with a calendar strewn with risk events. No fewer than five G10 central bank decisions are due, alongside a slew…
JAKARTA, Dec 12 (Reuters) – Indonesia expects to complete tariff talks with the United States by the end of the year, its chief negotiator said on Friday, with a delegation set to visit Washington next week to resume them. Talks had appeared at risk of collapse this week after the United States accused Jakarta of…
TOKYO, Dec 12 (Reuters) – The Bank of Japan will likely maintain a pledge next week to keep raising interest rates, but stress the pace of further hikes will depend on how the economy reacts to each increase, said three sources familiar with its thinking. Markets have almost fully priced in the chance of a…
By Zaheer Kachwala and Joel Jose Dec 12 (Reuters) – Broadcom shares fell more than 11% on Friday after the chipmaker warned growing sales of lower-margin custom AI processors were squeezing profitability, sparking worries that the business may be less lucrative. The warning on margin impact deepened investor jitters over Big Tech’s AI returns, a…
By Steve Holland WASHINGTON, Dec 12 (Reuters) – U.S. envoy Steve Witkoff and President Donald Trump’s son-in-law Jared Kushner will meet Ukrainian President Volodymyr Zelenskiy and European leaders in Berlin this weekend, a U.S. official briefed on the matter said. Witkoff will also meet with his counterparts from France, Britain and Germany on Sunday and…
SHANGHAI, Dec 12 (Reuters) – JD.com, one of China’s largest e-commerce firms, pledged 22 billion yuan ($3.12 billion) in housing support for its army of couriers, as competition intensifies in the instant retail market. JD.com’s move, announced in a post on its official WeChat account on Friday, follows a similar promise from food delivery firm…
By Gregor Stuart Hunter SINGAPORE, Dec 11 (Reuters) – Cryptocurrencies tumbled on Thursday and bitcoin fell back below the $90,000 threshold in a renewed signal of market jitters as fresh concerns about artificial intelligence profits weighed on technology stocks. Risk sentiment turned sour after U.S. cloud firm Oracle’s profit and revenue outlook missed forecasts and…
