(Reuters) -Rio Tinto on Wednesday reported lower-than-expected iron ore shipments for the first quarter, as labour shortages and supply chain snags curtailed the global miner’s efforts to ramp up its Pilbara operations in Western Australia. The mineral…
Ukraine seeks Mariupol evacuation talks after surrender-or-die ultimatum expires
By Natalia Zinets (Reuters) – Ukraine proposed talks with Moscow over evacuating troops and civilians from Mariupol after a Russian surrender-or-die ultimatum expired on Wednesday, leaving many trapped at a steel plant, the last main stronghold of resi…
Siemens Energy reviews outlook as troubles at wind division deepen
FRANKFURT (Reuters) -Siemens Energy on Tuesday said it was reviewing its full-year outlook after wind turbine division Siemens Gamesa unveiled another quarterly loss, ongoing operating problems and rising costs. Siemens Energy AG also said the operatin…
U.S. dollar rockets to 20-year peak vs yen on Fed, BOJ policy difference
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar surged on Tuesday to a 20-year high against the Japanese yen, underpinned by the divergence in monetary policy between a Federal Reserve determined to keep a lid on soaring inflation and a Ban…
Russia eyes construction of oil storage, exporting outlets
(Reuters) – Russia is working on a plan to construct oil storage facilities and new exporting outlets, which would help it offset sanctions that have hampered its oil sales, officials said on Tuesday. Russia has struggled with sales of its crude oil an…
Delegate protests over Russia to upstage G20 meeting
By Andrea Shalal and David Lawder WASHINGTON (Reuters) – Western nations are preparing to stage coordinated walk-outs and other diplomatic snubs to protest against Russia’s invasion of Ukraine at Wednesday’s meeting of G20 finance ministers in Washingt…
Russian shelling increasing in Donbas, UK military update says
LONDON (Reuters) – Russian shelling and strikes on the Donbas line of control continued to increase on Tuesday but Ukrainian forces managed to repel numerous attempted advances, a British military update said. “Russian shelling and strikes on the Donba…
Peru inflation protests grip tourist capital Cuzco, gateway to Machu Picchu
By Alessandro Cinque CUZCO, Peru (Reuters) – Peruvians were protesting rapidly rising prices in the Andean city of Cuzco on Tuesday, in spite of a truce agreement that will see embattled President Pedro Castillo travel to the city later in the week to …
Earnings boost Wall Street while growth fears sink oil
By Pete Schroeder WASHINGTON (Reuters) -U.S. stocks surged Tuesday on the back of stronger than expected corporate earnings, but bleak forecasts on global economic growth pushed up bond yields and drove down oil. The tech-heavy Nasdaq led the way for g…
Britain examining anti-ship missile solution for Ukraine
LONDON (Reuters) – Britain is looking at ways to supply anti-ship missiles to Ukraine, including mounting its ‘Brimstone’ missiles to vehicles, Prime Minister Boris Johnson said on Tuesday. Asked what anti-ship weaponry Britain was planning to send to …