By Saeed Azhar and Shreyashi Sanyal NEW YORK (Reuters) – Wall Street finished mixed on Monday, with the Nasdaq helped by gains in Alphabet and Meta Platforms, while the S&P 500 ended near flat as investors refrained from big bets ahead of a fresh round of talks about raising the U.S. debt ceiling. U.S. President…
By Anant Chandak BENGALURU (Reuters) – The Bank of Korea will keep interest rates unchanged for a third time on Thursday to assess the impact of previous hikes on inflation and economic growth, according to a Reuters poll of economists who were divided over the prospect of a rate cut by the end of the…
MEXICO CITY (Reuters) -Mexico’s top court invalidated a presidential decree on Monday that declared a pair of major transport projects a matter of national security, which would have reduced civilian oversight and made future legal challenges more difficult. One of the projects is a rail line known as the Mayan Train which aims to link…
(Reuters) – Russia’s Foreign Ministry said on Monday that Group of Seven nuclear “rhetoric” has the sole aim of exerting psychological, military and political pressure on Moscow and Beijing. In the first ever communiqué on nuclear disarmament issued at the G7 summit last week, the group called on Russia and China to show greater transparency…
By David Morgan and Nandita Bose WASHINGTON (Reuters) -President Joe Biden and House Speaker Kevin McCarthy ended discussions on Monday with no agreement on how to raise the U.S. government’s $31.4 trillion debt ceiling and will keep talking with just 10 days before a possible default that could sink the U.S. economy. The Democratic president…
By Tiyashi Datta (Reuters) -Zoom Video Communications Inc on Monday raised its full-year forecasts for revenue and profit even as growth winds down from a pandemic boom and business spending slows in a tough economy. Shares of the company pared gains to trade 0.7% higher post market hours, after having rallied nearly 5% earlier. Zoom…
By Nupur Anand, Lananh Nguyen and Mehnaz Yasmin NEW YORK (Reuters) -JPMorgan Chase & Co’s CEO Jamie Dimon said he leads the largest U.S. bank with the same intensity as when he was younger, but noted with a laugh on Monday that he plans to remain another “3-1/2” years. Dimon stressed the bank’s plans regarding…
By Joyce Lee SEOUL (Reuters) -China’s ban on the use of U.S.-based Micron Technology’s chips in certain sectors, announced on Sunday, is a stark reminder of risks facing the global chip industry as it braces for escalating Sino-U.S. trade tensions. China’s move against Micron, the biggest U.S. memory chipmaker, was widely seen as retaliation for…
By Luc Cohen and Jack Queen NEW YORK (Reuters) – Writer E. Jean Carroll sought on Monday to amend the first of her two defamation lawsuits against Donald Trump to demand at least $10 million in additional damages, citing comments he made on CNN after a jury found him liable for sexually abusing her. A…
By Jonathan Stempel (Reuters) – Abbott Laboratories persuaded a federal judge to dismiss some claims in nationwide litigation over recalled baby formula. In a decision on Monday, U.S. District Judge Matthew Kennelly in Chicago dismissed claims by parents pursuing only “economic loss” claims related to Similac and other formula that they said had a “substantial…
