By Elizabeth Howcroft LONDON (Reuters) -European stock indexes edged lower on Monday and euro zone bond yields dropped, but news that the U.S. had reached a debt ceiling deal over the weekend kept Wall Street futures positive. U.S. President Joe Biden and top congressional Republican Kevin McCarthy reached a tentative deal on Saturday to raise…
By Kanishka Singh WASHINGTON (Reuters) -The U.S. House Rules Committee said it will meet on Tuesday afternoon to discuss the debt ceiling bill, which needs to pass a narrowly divided Congress before June 5, when the U.S. Treasury says it would run short of money to cover all its obligations. Democratic President Joe Biden and…
By Dhara Ranasinghe LONDON (Reuters) – The dollar nudged down on Monday, pulling back from six-month peaks against the yen as a U.S. debt ceiling deal lifted risk appetite in world markets and dented the greenback’s safe-haven appeal. U.S. President Joe Biden on Sunday finalised a budget agreement with House Speaker Kevin McCarthy to suspend…
HONG KONG/SHANGHAI (Reuters) – Tesla Chief Executive Elon Musk is expected to visit China this week, three people with knowledge of the matter said, in what would be his first trip to the country in three years. Musk is expected to meet senior Chinese officials and to visit Tesla’s Shanghai plant, two of the…
HONG KONG/SHANGHAI (Reuters) – Tesla Chief Executive Elon Musk is expected to visit China this week, three people with knowledge of the matter said, in what would be his first trip to the country in three years. Musk is expected to meet senior Chinese officials and to visit Tesla’s Shanghai plant, two of the…
By Jason Lange WASHINGTON (Reuters) – The U.S. is rapidly approaching the deadline for Congress to pass a deal, reached over the weekend by Democratic President Joe Biden and top congressional Republican Kevin McCarthy, to suspend the government’s $31.4 trillion debt ceiling or risk a catastrophic default. WHEN WAS THE DEBT CEILING REACHED? Washington regularly…
(Reuters) – Binance has appointed Richard Teng to head its regional markets outside the United States, at a time when the world’s largest cryptocurrency exchange has been facing scrutiny from U.S. regulators over compliance issues. Teng, who revealed his promotion on his LinkedIn profile, is already heading regions like Asia, Europe and the Middle East….
By Steven Scheer JERUSALEM (Reuters) – Nvidia Corp said on Monday it was building Israel’s most powerful artificial intelligence (AI) supercomputer to meet soaring customer demand for AI applications. Nvidia, the world’s most valuable listed chip company, said the cloud-based system would cost hundreds of millions of dollars and be partly operational by the end…
By Steven Scheer JERUSALEM (Reuters) – Nvidia Corp said on Monday it was building Israel’s most powerful artificial intelligence (AI) supercomputer to meet soaring customer demand for AI applications. Nvidia, the world’s most valuable listed chip company, said the cloud-based system would cost hundreds of millions of dollars and be partly operational by the end…
By Dave Graham LOS REYES ACAQUILPAN, Mexico (Reuters) – Mexico’s ruling party next month looks likely to seize one of the last major opposition strongholds in a gubernatorial election that could also help determine its candidate to succeed leftist President Andres Manuel Lopez Obrador next year. On June 4, voters must choose between two women…
