WASHINGTON (Reuters) – U.S. Secretary of State Antony Blinken said on Friday he pressed Russian Foreign Minister Sergei Lavrov to accept a U.S. proposal for the release of detained Americans Brittney Griner and Paul Whelan. Blinken said he had a “frank…
Tide maker P&G misses earnings, forecasts lower growth as consumers ‘scrimp’
By Uday Sampath Kumar and Jessica DiNapoli (Reuters) -Procter & Gamble Co delivered quarterly earnings that missed estimates on Friday and forecast lower sales growth, citing surging transportation and commodity costs, consumer cutbacks and retailer re…
Hungary’s MOL warns of oil shortages unless fuel imports rise
BUDAPEST (Reuters) – Hungarian energy company MOL warned of possible fuel supply problems unless there are measures to help imports, state news agency MTI reported on Friday, citing Zsolt Hernadi, MOL’s executive chairman. Hernadi spoke after meeting t…
Carmaker BYD to recall more Tang DM hybrids in China over battery faults – regulator
SHANGHAI (Reuters) – Chinese carmaker BYD Co Ltd is recalling more Tang DM vehicles due to faults with the battery pack trays which pose water inflow risks, the country’s market regulator said. BYD, the world’s biggest electric vehicle maker by sales, …
Analysis-World’s biggest bond markets back in vogue as recession fears mount
By Dhara Ranasinghe LONDON (Reuters) – One day you’re out and the next day you’re in: the world’s battered sovereign bond markets are back in favour as global recession fears mount. Government borrowing costs from Germany to France and Australia are do…
Blinken and Russia’s Lavrov have ‘frank’ discussion about prisoners
By Humeyra Pamuk WASHINGTON (Reuters) -U.S. Secretary of State Antony Blinken on Friday held a telephone conversation with Russian Foreign Minister Sergei Lavrov and pressed the Kremlin to accept the ‘substantial proposal’ that Washington has put forwa…
BNP Paribas: investment banking, sound loans boost Q2 profits
PARIS (Reuters) – French bank BNP Paribas reported better than expected profits in the second quarter as bad loan provisions dipped despite the economic slowdown and business remained buoyant, particularly in investment banking, amid torrid global mark…
Don’t ‘play with fire’ over Taiwan, China’s Xi warns in call with Biden
(Refiles to correct typo in second par to clear-eyed from cleared eyed) By Steve Holland, Michael Martina and Ryan Woo WASHINGTON/BEIJING (Reuters) -Chinese leader Xi Jinping warned against playing with fire over Taiwan in a call with U.S. President Jo…
Games-Birmingham opening ceremony breathes life into doomed Games
By Steve Keating BIRMINGHAM, England (Reuters) – A Commonwealth Games that once appeared doomed exploded into life with a dazzling opening ceremony on Thursday that put a modern spin on a sporting event often seen as a relic of the British Empire’s col…
U.S. teetering on brink of recession as GDP contracts in second quarter
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. economy unexpectedly contracted in the second quarter, with consumer spending growing at its slowest pace in two years and business spending declining, raising the risk that the economy was on the cusp …