SINGAPORE (Reuters) -Singapore’s non-oil domestic exports fell 9.8% in April from the same month a year earlier, data on Wednesday showed, weighed down by declines in both electronic and non-electronic products. Last month’s decline compared with a Reuters poll forecast of a 9.4% drop, and extended the 8.3% contraction seen in March. On a month-on-month…
(Reuters) -Credit Suisse Group AG faces certain restrictions in its ability to do business until its acquisition by rival UBS Group AG is completed, according to a regulatory filing on Tuesday. In certain cases, without prior UBS approval, Credit Suisse cannot grant a new credit facility or credit line in an amount exceeding 100 million…
(Reuters) -Credit Suisse Group AG faces certain restrictions in its ability to do business until its acquisition by rival UBS Group AG is completed, according to a regulatory filing on Tuesday. In certain cases, without prior UBS approval, Credit Suisse cannot grant a new credit facility or credit line in an amount exceeding 100 million…
By Nandita Bose and David Morgan WASHINGTON (Reuters) -Democratic President Joe Biden and top congressional Republican Kevin McCarthy edged closer to a deal to avoid a looming U.S. debt default Tuesday, as the threat of an economic nightmare prompted Biden to cut short an Asia trip this week. After an hour of talks, McCarthy, the…
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stock indexes closed lower on Tuesday after a disappointing forecast from Home Depot and U.S. retail sales data for April pointed to softer consumer spending, while uncertainty about interest rates and debt limit negotiations weighed on sentiment. Home Depot declined 2.15% as one of the biggest drag…
By Hyunjoo Jin and Sheila Dang SAN FRANCISCO (Reuters) – Tesla Inc boss Elon Musk, who has never used traditional advertising to sell cars, said on Tuesday that the automaker would try it and see whether it produced results. Musk said it was “ironic” that as CEO of Tesla, he now owns Twitter. The social…
By Joseph Ax (Reuters) -Republican voters in Kentucky on Tuesday chose Daniel Cameron, the state’s popular conservative attorney general, to challenge Democratic Governor Andy Beshear, setting up one of the most closely watched elections of the year, according to an early call of the race by the Associated Press. Cameron, who is Black and has…
By Nandita Bose and David Morgan WASHINGTON (Reuters) -Democratic President Joe Biden and top congressional Republican Kevin McCarthy edged closer to a deal to avoid a looming U.S. debt default Tuesday, as the threat of an economic nightmare prompted Biden to cut short an Asia trip this week. After an hour of talks, McCarthy, the…
By Daniel Trotta (Reuters) – U.S. officials on Tuesday announced the emergency use of a bird flu vaccine to protect the California condor, a critically endangered and magnificent animal that has already bounced back once from the brink of extinction. After finding a California condor dead from highly pathogenic avian influenza, or bird flu, in…
By Steve Holland and David Brunnstrom WASHINGTON (Reuters) -An unfolding crisis over the U.S. debt ceiling prompted President Joe Biden on Tuesday to postpone plans to visit Papua New Guinea and Australia, cutting short an upcoming Asia trip so he can return to Washington. Biden will still leave on Wednesday en route to Hiroshima, Japan,…
