By Chris Prentice and Alun John NEW YORK/LONDON (Reuters) -Global equities retreated and benchmark U.S. Treasury yields eased off two-month highs on Tuesday as talks over the U.S. debt ceiling continued without resolution. Hawkish comments from Federal Reserve officials about the possibility of further rate hikes sent the U.S. dollar to a two-month high. Oil…
By Chris Prentice and Alun John NEW YORK/LONDON (Reuters) -Global equities retreated and benchmark U.S. Treasury yields eased off two-month highs on Tuesday as talks over the U.S. debt ceiling continued without resolution. Hawkish comments from Federal Reserve officials about the possibility of further rate hikes sent the U.S. dollar to a two-month high. Oil…
By Andrew Goudsward (Reuters) – A U.S. appeals court on Tuesday upheld an admissions policy aimed at diversifying a highly selective Virginia high school, rejecting arguments that it discriminated against Asian-American students. The Richmond-based 4th Circuit U.S. Court of Appeals ruled that the Fairfax County School Board did not intend to discriminate against Asian-Americans when…
By Jonathan Stempel NEW YORK (Reuters) -JPMorgan Chase & Co on Tuesday sought to shift blame for failing to snuff out sex crimes committed by the late Jeffrey Epstein, accusing the U.S. Virgin Islands of harboring and shielding the disgraced financier as he abused young women and girls over two decades. The largest U.S. bank…
By Echo Wang and Michael Martina NEW YORK (Reuters) -China’s new ambassador to Washington Xie Feng said on Tuesday that he will seek to enhance China-U.S. cooperation, but that relations face serious challenges. “I have come here to safeguard China’s interest. This is my sacred responsibility,” Xie told reporters after landing at New York City’s John…
BRASILIA (Reuters) – Brazil’s finance ministry on Tuesday lifted its 2024 inflation forecast to 3.63%, from 3.52%, and kept its estimate for growth in Latin America’s largest economy unchanged at 2.3%. The country’s central bank has maintained its key interest rate at a six-year high of 13.75% at recent meetings to prevent a possible resurgence…
By David Shepardson WASHINGTON (Reuters) -California has asked the Biden administration to approve its plan to require all new vehicles sold in the state by 2035 to be either electric or plug-in electric hybrids, a landmark move that could speed the end of gasoline-powered vehicles, according to a letter seen by Reuters. The California Air…
By Karen Brettell and Saqib Iqbal Ahmed NEW YORK (Reuters) – The U.S. dollar hit a two-month high against a basket of currencies on Tuesday as a lack of progress in talks over increasing the U.S. debt limit hurt investors’ appetite for risk-taking. Representatives of President Joe Biden and congressional Republicans ended another round of…
By David Morgan, Steve Holland and Richard Cowan WASHINGTON (Reuters) – Representatives of President Joe Biden and congressional Republicans ended another round of debt ceiling talks on Tuesday with no signs of progress as the deadline to raise the government’s $31.4 trillion borrowing limit or risk default ticked closer. The two parties remain deeply…
By David Shepardson WASHINGTON (Reuters) -The U.S. National Transportation Safety Board (NTSB) will hold a two-day investigative hearing June 22-23 on the Feb. 3 Norfolk Southern derailment in East Palestine, Ohio, board chair Jennifer Homendy said on Tuesday. Earlier this month, a U.S. Senate panel approved rail safety legislation that tightens rules on trains carrying…
