(Reuters) – U.S. stock indexes inched higher at open on Wednesday following positive earnings from companies including Starbucks and Advanced Micro Devices, while investors braced for the biggest U.S. interest rate hike since May 2000. The Dow Jones Industrial Average rose 43.01 points, or 0.13%, at the open to 33,171.80. The S&P 500 opened higher…
NEW YORK (AP) — The literary writer’s organization PEN America is expanding its support of writers around the world who face imprisonment for their work by hiring human rights advocate Liesl Gerntholtz to head the new PEN/Barbey Freedom to Write Center. The new center will build on PEN America’s work advocating for imprisoned writers like…
By Aditya Kalra NEW DELHI (Reuters) – Alphabet Inc’s Google has hired a new public policy head in India, Archana Gulati, who previously worked at Prime Minister Narendra Modi’s federal think-tank and the country’s antitrust watchdog, a source with direct knowledge of the matter told Reuters. A number of Indian government officials have been hired…
BELFAST, Northern Ireland (AP) — Ever since Northern Ireland was founded as a Protestant-majority state a century ago, its governments have been led by unionist politicians who defined themselves as British. But if opinion polls are right, an election Thursday will see Sinn Fein, an Irish nationalist party that seeks union with Ireland, become the…
(Reuters) – The U.S. Treasury Department said on Wednesday it would continue reducing its coupon issuance across all maturities in the coming quarter, with the largest cuts coming in the seven-year and 20-year maturities. The Treasury said it was trimming issuance, but by smaller increments than in previous quarters, based on projected borrowing needs that…
By Anshuman Daga SINGAPORE (Reuters) -HSBC and Ping An executives plan to meet in mid-May to discuss the Chinese insurer’s proposal that the bank should explore strategic options such as spinning off its Asian business, a source familiar with the matter said on Wednesday. Ping An, the biggest shareholder in HSBC, called last week on…
LONDON (AP) — A British parliamentary committee scrutinizing draft online safety legislation has invited Elon Musk to discuss his plans to buy Twitter and the changes he’s proposing for the social media platform. Parliament’s digital committee asked the Tesla CEO on Wednesday to give evidence about his proposals “in more depth.” Musk said it’s too…
COLOMBO, Sri Lanka (AP) — Sri Lanka’s economy is in dire straits with its usable foreign reserves down to less than $50 million, the country’s finance minister said Wednesday. Ali Sabry was speaking to Parliament after returning to Sri Lanka from talks with the International Monetary Fund. He said any IMF rescue program, including a…
NEW DELHI (AP) — India’s central bank on Wednesday raised its key interest rate to 4.4% from 4% to try to contain fast-rising inflation. Reserve Bank of India Governor Shaktikanta Das said after an unscheduled meeting of the bank’s monetary policy committee that the central bank would maintain an “accommodative” stance to help support the…
COVID-19 vaccines and tests for the virus continue to boost CVS Health and the health care giant raised its annual forecast after yet another strong quarter. The drugstore chain and pharmacy benefit manager also processed more prescriptions and added customers to its health insurance business in a better-than-expected performance. The company said Wednesday that it…
