By Ann Saphir (Reuters) -Chicago Federal Reserve Bank President Austan Goolsbee on Sunday welcomed news of a deal to suspend the U.S. debt ceiling, saying failure to forge an agreement would be “extremely negative” for the financial system and broader economy. Interviewed on CBS’s “Face the Nation,” he declined to say whether he would support…
NEW DELHI (Reuters) – Prime Minister Narendra Modi inaugurated India’s new parliament building on Sunday, a modern complex which is part of his Hindu nationalist government’s grand plan to give a makeover to the British colonial-era architecture in the nation’s capital. The inauguration, and the ongoing revamp of the heart of New Delhi based on…
ISTANBUL (Reuters) – President Tayyip Erdogan led Turkey’s runoff election with 54.78% support based on Sunday’s initial results versus challenger Kemal Kilicdaroglu with 45.22%, with 67% of ballot boxes opened, according to data from the state-run Anadolu Agency. The gap between the two candidates was expected to narrow as more and larger ballot boxes are…
(Reuters) – Chicago Federal Reserve Bank President Austan Goolsbee said on Sunday he won’t ‘prejudge’ whether he would support an interest-rate hike at the upcoming Fed meeting in June, but noted that the full impact of the central bank’s rate increases to date have yet to be felt. “We are going to get a lot…
By David Lawder DETROIT (Reuters) -The United States is taking an analytical approach to its review of whether to keep tariffs on Chinese goods in place and will not base outcomes on any “breakthrough” in U.S.-China trade relations, Deputy U.S. Trade Representative Sarah Bianchi told Reuters. The Biden administration is not assuming any such breakthrough…
By Moira Warburton, Katharine Jackson and Gram Slattery WASHINGTON (Reuters) -After tough negotiations to reach a tentative deal with the White House on the U.S. borrowing limit, the next challenge for House Speaker Kevin McCarthy is pushing it through the House, where hardline Republicans are already threatening to sink it. As Democratic and Republican negotiators…
WASHINGTON (Reuters) – U.S. Representative Chip Roy of Texas said on Sunday on Twitter that he intended to try to stop the debt ceiling deal in the U.S. House of Representatives. After tough negotiations to reach a tentative deal with the White House on the U.S. borrowing limit, the next challenge for House Speaker Kevin…
By Felix Onuah ABUJA (Reuters) – Nigeria’s President Muhammadu Buhari on Sunday defended his record on the economy and the outcome of a disputed presidential election, saying he was leaving a legacy of credible and fair votes, a day before he hands over power to his successor. Buhari first came to office in 2015 after…
By Shrivathsa Sridhar PARIS (Reuters) – Aryna Sabalenka said she understood Marta Kostyuk’s decision to skip customary post-match handshakes with Russian and Belarusian players following Moscow’s invasion of her country Ukraine but the player did not deserve jeers from the French Open crowd. Booing and jeering could be heard from the thin Court Philippe Chatrier…
SEOUL (Reuters) – A South Korean court issued an arrest warrant on Sunday for a passenger who opened an Asiana Airlines plane door minutes before it landed in Daegu, South Korea, Yonhap News Agency reported. The man, in his thirties, was detained on landing on Friday after opening the door when the A321-200 plane was…
