By David Morgan WASHINGTON (Reuters) -President Joe Biden and Republican U.S. House Speaker Kevin McCarthy have voiced growing confidence about striking a debt-ceiling deal to avoid a catastrophic default, but they could be tripped up by last-minute opposition from the hardline House Freedom Caucus. The small but powerful Republican faction warned this week that they…
By Renee Maltezou ATHENS (Reuters) – Greece heads for what is likely to be an inconclusive parliamentary election on Sunday, paving the way for wrangling between parties to forge a ruling coalition in a deeply divided political landscape. Opinion polls show Prime Minister Kyriakos Mitsotakis’ conservative New Democracy ahead of Alexis Tsipras’ left-wing Syriza party,…
By Jayshree P Upadhyay and Arpan Chaturvedi MUMBAI (Reuters) -India’s markets watchdog has “drawn a blank” in investigations into suspected violations in overseas investments in the Adani group and its ongoing pursuit of the case could be a “journey without a destination”, a court-appointed panel said. Shares of companies of the coal-to-airports conglomerate, controlled by…
By Lucy Raitano LONDON (Reuters) -Investors pumped $25.1 billion into cash in the week to Wednesday, but the flow into cash funds has slowed recently, reflecting a greater degree of investor confidence, according to a report from BofA Global Research on Friday. A total of $151 billion went into money market funds over the last…
HIROSHIMA, Japan (Reuters) – Leaders of the world richest democracies agreed on Friday to stiffen sanctions against Russia and pledged financial support for Ukraine in its fight against Russia’s invasion. Below are key extracts from the Group of Seven leaders’ statement. NEW SANCTIONS “we will broaden our actions to ensure that exports of all items…
BEIJING (Reuters) – China will resolutely curb large fluctuations in the exchange rate and study the strengthening of self-regulation of dollar deposits, the central bank said on Friday. The comment comes after the yuan dropped to multi-month lows and breached the closely watched 7-per-dollar level, pressured by a sputtering economic recovery, low yields and the…
BEIJING (Reuters) – China will resolutely curb large fluctuations in the exchange rate and study the strengthening of self-regulation of dollar deposits, the central bank said on Friday. The comment comes after the yuan dropped to multi-month lows and breached the closely watched 7-per-dollar level, pressured by a sputtering economic recovery, low yields and the…
TOKYO (Reuters) – Group of Seven leaders meeting in Hiroshima, Japan, on Friday acknowledged the need for governance of generative artificial intelligence (AI) and immersive technologies. The leaders agreed to have ministers discuss the technology as the “Hiroshima AI process” and report results by the end of the year, according to a summary of a…
(Reuters) -Qantas Airways Ltd, Australia’s flagship carrier, said on Friday it expects its international capacity to reach about 100% of pre-COVID-19 levels by March 2024, as it plans to add more seats and aircraft to its global network. The carrier plans to add about 1 million seats to its international network over a 12-month period…
HIROSHIMA, Japan (Reuters) – U.S. President Joe Biden is likely to get another update from his team on budget negotiations with Republicans on Friday night in Japan, where he is traveling for the Group of Seven (G7) meetings, a spokesperson said. Biden was also planning to leave the G7 leaders’ dinner early, according to spokesperson…
