By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Amidst a deluge of economic indicators across the continent and a screeching U.S. tech sector rally that’s lifting global stock markets, all eyes in Asia will be fixed on one event Friday: the Bank of Japan’s policy meeting….
WASHINGTON (Reuters) – The Senate Judiciary Committee called on U.S. Supreme Court Justice John Roberts to provide details about the top court’s ethics practices, the panel’s chairman said on Thursday after the chief justice declined to attend a hearing on reports that raised questions about potential conflicts of interest. Roberts has declined a request to…
LIMA (Reuters) – Peru’s economy minister on Thursday said “conditions were being established” to develop lithium mining projects in the country, a week after Chile launched a plan to boost state control of the industry. “A window of opportunity has opened and we want to take advantage of it,” said Economy Minister Alex Contreras, saying…
By Sheila Dang (Reuters) -Advertisers are sticking with safe havens Alphabet and Meta Platforms in an uncertain economy, their quarterly results showed, likely helping the tech giants take market share away from smaller digital ad sellers such as Snap Inc. Following a pandemic-led spending bonanza by advertisers who wanted to reach customers online, ad sales-reliant…
By Stephanie Kelly NEW YORK (Reuters) – The U.S. ethanol industry is lobbying the Biden administration to ensure lower-carbon aviation fuel made from ethanol will qualify for subsidies under the Inflation Reduction Act, arguing such provisions are crucial to meeting U.S. climate goals. The campaign reflects the ethanol industry’s desire to expand into aviation following…
(Reuters) – The Norwegian central bank on Thursday excluded two oil and gas companies from its $1.4-trillion wealth fund, the world’s largest, citing ethical concerns over their ties to the Myanmar military. South Korea’s state-run Korea Gas Corp (KOGAS) and Indian gas firm GAIL (India) Ltd were excluded from the fund, Norges Bank said in…
(Reuters) – Consumer lender Capital One Financial Corp’s first-quarter profit missed estimates on Thursday due to an increase in provisions that reduced gains from interest rate hikes. The Federal Reserve’s rate hikes to tame soaring inflation since the past year benefited lenders as they charged higher interest from borrowers. Capital One’s net interest income rose…
By Andrea Shalal WASHINGTON (Reuters) – The White House is continuing to monitor the situation at First Republic Bank, which has continued to lose deposits this week, spokesperson Karine Jean-Pierre said on Thursday, vowing that the Biden administration stood ready to take action if needed. Deposits at regional banks have stabilized and the Biden administration…
By Tim McLaughlin and Sarah N. Lynch WORCESTER, Massachusetts (Reuters) – A U.S. Air National Guardsman accused of leaking military secrets appeared in federal court on Thursday, where a judge expressed concern the 21-year-old’s knowledge of classified material might be valuable to a foreign government. “Some of the information he” is accused of taking “he…
By David Lawder WASHINGTON (Reuters) – Internal Revenue Service Commissioner Danny Werfel on Thursday said the agency will not hire any armed auditors with $80 billion in new funding, an attempt to dispel Republican assertions the IRS plans to build an “army” of 87,000 armed agents. Werfel, sworn in as the tax agency’s chief on…
