FILE PHOTO: The Hyundai Kona Electric is seen during the media day of the 41st Bangkok International Motor Show, Thailand July 14, 2020. REUTERS/Jorge Silva/File PhotoSEOUL (Reuters) – Hyundai Motor Co will replace battery systems in some 82,000 electric vehicles globally due to fire risks, a problem which combined with an earlier recall is likely to cost the automaker an […]

FILE PHOTO: A sign hangs outside a Lloyds Bank branch in London, Britain, February 21, 2017. REUTERS/Toby Melville/File Photo LONDON (Reuters) – Lloyds Banking Group reported a sharp fall in profits for 2020 but resumed paying a dividend, as outgoing CEO António Horta-Osório set out fresh targets to expand the bank’s insurance and wealth business and further cut costs. Britain’s […]

JPMorgan Private Bank's Julia Wang says rising bond yields as well as some inflation at this point in the economic cycle are "healthy signs." Her comments came as some investors have grown concerned over a recent rise in bond yields. Wang said much of the global growth optimism this year is expected to be realized in Asia. SINGAPORE — A […]

WASHINGTON (Reuters) – Katherine Tai, President Joe Biden’s pick to revamp U.S. trade policy to focus on workers and “ordinary Americans” over corporations, will get a chance to explain what that will mean in practice at her confirmation hearing on Thursday.FILE PHOTO: Katherine Tai, U.S. President-elect Joe Biden’s nominee to be U.S. Trade Representative, speaks after Biden announced her nomination […]

(Reuters) – Myanmar was set for more street protests on Wednesday against military rule as Indonesia sought to build momentum behind a diplomatic push involving other Southeast Asian countries to steer a path out of the crisis.FILE PHOTO: A demonstrator takes part in a protest against the military coup in Yangon, Myanmar, February 22, 2021. REUTERS/StringerThis week saw huge rallies […]

Australia's ASX 200 was down 0.58% in early trade where the country's so-called Big Four banks struggled for gains. Overnight, Federal Reserve Chair Jerome Powell said in his testimony to U.S. Congress that the American economy is a long way from its employment and inflation goals. He said that it will likely take time for substantial further progress to be […]

WASHINGTON/OTTAWA (Reuters) – U.S. President Joe Biden and Canadian Prime Minister Justin Trudeau sought on Tuesday to turn the page on the Trump era, stressing the countries’ deep ties and pledging to work together on COVID-19 and climate change in their first bilateral meeting.U.S. President Joe Biden and Canada’s Prime Minister Justin Trudeau, appearing via video conference call, give closing […]

SAO PAULO (Reuters) – Brazilian state-run oil group Petrobras recovered some of its recent share price losses on Tuesday as the board met to consider Brazil President Jair Bolsonaro’s nomination of a retired general to replace the company’s market-friendly CEO.Slideshow ( 2 images )Shares in Petroleo Brasileiro SA, as the company is officially known, rose as much as 8% after […]