By Andrea Shalal and David Lawder NIIGATA, Japan/WASHINGTON (Reuters) – Treasury Secretary Janet Yellen lands at Japan’s G7 finance meeting this week, with her ambitious economic agenda hijacked by a bitter partisan fight over the U.S. debt ceiling that threatens a new financial crisis, and a signature tax deal blocked by Republicans. Yellen spent last…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Options market demand for insurance against a stock market crash has soared to multi-month highs, even as equities have calmed down after a choppy start to the year. U.S. stock market volatility has subsided as the S&P 500 has logged a 7% year-to-date gain. However, an undercurrent…
By Steve Holland WASHINGTON (Reuters) – President Joe Biden and top lawmakers agreed on Tuesday to further talks aimed at breaking a deadlock over raising the $31.4 trillion U.S. debt limit, with just three weeks before the country may be forced into an unprecedented default. After about an hour of talks in the Oval Office,…
By Steve Holland WASHINGTON (Reuters) – President Joe Biden and top lawmakers agreed on Tuesday to further talks aimed at breaking a deadlock over raising the $31.4 trillion U.S. debt limit, with just three weeks before the country may be forced into an unprecedented default. After about an hour of talks in the Oval Office,…
(Reuters) -Electric vehicle (EV) startup Faraday Future Intelligent Electric on Tuesday said it was raising $100 million in debt as it aims to achieve initial deliveries of its flagship FF 91 Futurist vehicle after a funding crunch led to multiple delays. The company said it will also use the new debt funding to ramp up…
A look at the day ahead in European and global markets from Tom Westbrook Sterling and the euro seem to be losing steam as currency markets tuck themselves in for a nap. JP Morgan’s G7 FX volatility index stands at a one-year low, with financial markets in holding patterns as they await developments in key…
SHANGHAI/SINGAPORE (Reuters) – A fresh wave of COVID-19 is spreading through China as people return from public holiday travel, reaching trading floors and raising concern of an impact to trading volume – albeit likely not as pronounced as previous pandemic-induced disruption. More than half a dozen traders and banking sources told Reuters this week that…
By Chris Taylor NEW YORK (Reuters) – For most Americans, this past April 18 was a day to get those tax forms in and perhaps reluctantly write some checks. For others, that day came and went like any other – and now they are in a bit of a pickle. Being late on your taxes…
(This May 8 story has been corrected to say that Mitsubishi Motors made the comment last month, not last week, in paragraph 18) SHANGHAI (Reuters) – China is ground zero for the price war in electric vehicles and the battleground is shifting to SUV-styled EVs, the largest segment of the market, dominated by Tesla Inc…
By Muyu Xu SINGAPORE (Reuters) – Saudi Aramco has told customers in North Asia they will receive full volumes of crude oil that they have requested in June, several sources with knowledge of the matter said on Wednesday. But, some Chinese refiners have requested for lower supply volumes in June, said the sources. It is…
