By Patricia Zengerle WASHINGTON (Reuters) – A senior U.S. senator who has long opposed the potential sale of F-16 fighter jets to Turkey said on Tuesday he wants Turkish President Tayyip Erdogan to take a “less belligerent” stance toward NATO allies and Turkey’s neighbors before lifting his opposition to the deal. “Now what’s important is…
By Herbert Lash and Shreyashi Sanyal (Reuters) -Stocks on Wall Street closed mixed on Tuesday, pressured by worries about U.S. lawmakers opposed to a deal to raise the $31.4 trillion debt ceiling, but supported by another surge in Nvidia shares that briefly lifted the chipmaker into the rare club of companies valued at $1 trillion….
By Herbert Lash and Shreyashi Sanyal (Reuters) -Stocks on Wall Street closed mixed on Tuesday, pressured by worries about U.S. lawmakers opposed to a deal to raise the $31.4 trillion debt ceiling, but supported by another surge in Nvidia shares that briefly lifted the chipmaker into the rare club of companies valued at $1 trillion….
By Svea Herbst-Bayliss NEW YORK (Reuters) – Illumina Inc CEO Francis deSouza survived a challenge to his board seat from activist investor Carl Icahn last week by securing more than twice the shareholder votes than the number his challenger received, the company said in a filing on Tuesday. While the outcome of the vote was…
By Leika Kihara and Takahiko Wada TOKYO (Reuters) – The Bank of Japan (BOJ) may raise short-term interest rates early next year if sustained wage growth becomes a real prospect, Tsutomu Watanabe, an academic who participated in a key government panel on economic policy, told Reuters. Inflation will remain elevated as companies become more convinced…
By Manoj Kumar NEW DELHI (Reuters) – India is set to release data on Wednesday that is expected to show the economy grew by 5% in the January-March quarter from a year earlier, accelerating from 4.4% in the previous quarter due to steady urban demand and government spending. The median forecast from a Reuters poll…
By Timothy Gardner WASHINGTON (Reuters) – Former U.S. State Department and nuclear regulatory officials on Tuesday urged the U.S. Energy Department to reconsider a plan to use bomb-grade uranium in a nuclear power experiment, saying that its use could encourage such tests in other countries. The Energy Department and two companies aim to share costs…
By Akash Sriram and Samrhitha A (Reuters) – Nvidia Corp briefly joined an elite club of U.S. companies sporting a $1 trillion market value on Tuesday, as investors piled into the chipmaker that has quickly become one of the biggest winners of the AI boom. The stock’s value has tripled in less than eight months,…
By Kanishka Singh WASHINGTON (Reuters) -The U.S. Congressional Budget Office said on Tuesday its budget deficit projections would be reduced by about $1.5 trillion over the next 10 years if the debt ceiling bill now up for a vote in Congress were enacted in its present form. The projection comes following the debt ceiling deal…
By Anthony Boadle and Leonardo Benassatto BRASILIA/SAO PAULO (Reuters) – Brazil’s lower house of Congress approved on Tuesday night a bill to limit the recognition of new Indigenous reservations, a decision seen by environmentalists and human rights advocates as a setback after intense pressure from the farm lobby. The approval, by 283 votes to 155,…
