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Japan to offer emergency aid to Ukraine, to host reconstruction meeting

TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida told Ukrainian President Volodymyr Zelenskiy on Friday that Japan will offer emergency humanitarian aid worth about $5 million after the bursting of the Nova Kakhovka dam, a Japanese government spokesperson said. The two leaders spoke by phone as Russia and Ukraine trade blame for the collapse of …

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Italy says it can’t approve ESM treaty without deal on new EU budget rules

By Giuseppe Fonte ROME (Reuters) – Italy is unwilling to ratify the reform of the euro zone bailout fund without first knowing how European budget rules will change, Prime Minister Giorgia Meloni said on Friday. Her comment sets the stage for a confrontation between Rome’s right-wing government and its partners in the European Union, starting …

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EV maker Lordstown plans to sue Foxconn over funding dispute

(Reuters) – Lordstown Motors said on Friday it plans to take legal action against investor Foxconn to ensure that the Taiwanese contract manufacturer completes a planned purchase of nearly 10% of the electric vehicle startup’s shares. The company, and its EV peers have been struggling as access to capital tightens from rising interest rates and …

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Heftige Kämpfe in ostukrainischer Region Donezk

Moskau/Kiew (Reuters) – Drei Tage nach dem Dammbruch im Süden der Ukraine gibt es vor allem Osten des Landes wieder schwere Gefechte. In der Region Donezk werde heftig gekämpft, meldeten am Freitag sowohl Russland als auch die Ukraine. Aus Russland wurde zudem über intensive Gefechte in der Region Saporischschja im Süden berichtet. Die Regierung in …

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Malaysia appoints central bank veteran as new governor

By Rozanna Latiff and A. Ananthalakshmi KUALA LUMPUR (Reuters) -Malaysia named Abdul Rasheed Ghaffour as its new central bank governor on Friday, appointing a long-serving official at the helm at a time of a slowing economy and persistent inflation. Abdul Rasheed, a career central banker who joined Bank Negara Malaysia (BNM) in 1988, will take …

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India’s IIFL Finance keen to boost fundraising via bonds – official

By Bhakti Tambe MUMBAI (Reuters) – India’s IIFL Finance is keen to raise more funds through the bond market with the recent softening in capital market rates, a senior company official said on Friday. “We would like to increase the share of domestic bonds in our portfolio. It will depend on pricing, and whether we …

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India equity mutual fund inflows halve in May; SIP contributions hit record – industry data

By Bharath Rajeswaran BENGALURU (Reuters) – Inflows into Indian equity mutual funds halved sequentially to 32.4 billion rupees in May, the lowest since November 2022, data from the Association of Mutual Funds in India (AMFI) showed on Friday. Equity mutual fund inflows had fallen to a five-month low of 64.80 billion rupees in April. The …

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Disney bets on free mobile cricket streaming in India in battle with JioCinema

By Munsif Vengattil and Aditya Kalra NEW DELHI (Reuters) -Walt Disney Co’s Hotstar will offer free streaming of cricket tournaments in India on mobile devices, a move that follows rival JioCinema’s recent success in garnering millions of viewers with a similar strategy in the cricket-crazy nation. Hotstar said on Friday it would offer the Asia …

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Factbox-Facts about Malaysia’s new central bank governor Abdul Rasheed

(Reuters) – Here are a few facts about Abdul Rasheed Ghaffour, named by Malaysia’s central bank, Bank Negara Malaysia (BNM), on Friday as its new governor. The term is for five years and he starts work on July 1. – Abdul Rasheed joined the central bank in 1988, starting in its bank regulation department. – …

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Los Estados de la UE aprueban proyecto de ley sobre recuperación de activos del crimen organizado

BRUSELAS, 9 jun (Reuters) – El crimen organizado podría enfrentarse a una normativa europea más estricta en materia de beneficios ilícitos, incluidos los obtenidos mediante el incumplimiento de sanciones, ya que los Estados miembros pretenden armonizar las leyes pertinentes en virtud de un proyecto de directiva acordado el viernes. La nueva norma, una vez aprobada …

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