By David Morgan WASHINGTON (Reuters) – The $430 billion climate change, healthcare and tax bill due to pass the U.S. Congress on Friday aims to help reduce the carbon emissions that drive climate change and lower medical costs for older Americans. President Joe Biden’s Democrats hope the bill, once passed by both houses of Congress,…
By Chibuike Oguh and Angelique Chen NEW YORK (Reuters) – Kewsong Lee bolstered Carlyle Group Inc’s growth after he took over the reins in 2018, yet the private equity firm continued to play catchup with its larger and more diversified publicly listed rivals, according to people close to the situation, analysts and investors. Carlyle announced…
By David Shepardson and Joseph White WASHINGTON (Reuters) – U.S. automakers and dealers are scrambling to figure out if they can still offer $7,500 tax credits to would-be buyers of electric vehicles (EVs), as Congress prepares for final votes today on a bill that includes a top-to-bottom overhaul of Washington’s clean vehicle policies. Under the…
BEIRUT (AP) — A judge ordered a gunman who took up to 10 hostages at a Beirut bank to force the release of his trapped savings to stay behind bars Friday, apparently a bid to prevent copycats as desperation deepens over Lebanon’s economic meltdown. A few dozen relatives of Bassam al-Sheikh Hussein briefly closed a…
SHANGHAI/HONG KONG (Reuters) -Five Chinese state-owned firms including China Life Insurance and oil giant Sinopec said Friday they would delist from the New York Stock Exchange, amid heightened diplomatic and economic tensions with the United States. The companies, which also include Aluminium Corporation of China (Chalco), PetroChina and Sinopec Shanghai Petrochemical Co, said in separate…
By Noah Browning LONDON (Reuters) – Oil prices fell on Friday, held down by recession fears clouding the demand outlook, but remained on track for a weekly gain. Brent crude futures were down $1.33, or 1.3%, at $98.27 a barrel by 1225 GMT while U.S. West Texas Intermediate (WTI) crude fell $1.51, or 1.6%, to…
NEW YORK (AP) — When the Ford Foundation took the unprecedented step in June 2020 of issuing $1 billion in debt to help stabilize other nonprofits, it delighted investors and inspired several other large foundations to follow suit. Two years later, the foundations all stand by their decisions to take on long term debt, allowing…
LISBON, Portugal (AP) — European authorities are considering a liquefied natural gas pipeline from Spain to Italy as a way of getting around France’s opposition to a gas link-up across the Pyrenees between the Iberian peninsula and central Europe, Portugal’s prime minister said Friday. Portugal and Spain could send a lot of the liquefied natural…
BEIJING (AP) — Three state-owned Chinese corporate giants announced plans Friday to remove their shares from the New York Stock Exchange, adding to a growing financial separation between the biggest global economies in the midst of a dispute over scrutiny of company audits. PetroChina Ltd., China Life Insurance Ltd. and China Petroleum & Chemical Co….
By Carolyn Cohn LONDON (Reuters) – U.S. stock index futures were indicating a positive start to Wall Street on Friday and world stocks headed for a fourth straight week of gains as investors scaled back views on how far U.S. interest rates and inflation can climb. Oil lost some shine on Friday but has still…
