Marketmind: Debt ceiling countdown
(Reuters) – A look at the day ahead in U.S. and global markets from Amanda Cooper. U.S. Treasury Secretary Janet…
May 2023
U.S. electric-vehicle startups set for another quarter of steep cash burn
By Akash Sriram (Reuters) -U.S. electric-vehicle startups are expected to report another quarter of dwindling cash reserves next week, piling…
Exclusive-HSBC Reaches Deal To Buy Out China Fund Partner -sources
By Selena Li HONG KONG (Reuters) – HSBC has agreed to buy out its China fund management joint venture partner,…
Chinese property brokers need to reduce fees, regulator says
BEIJING (Reuters) – Chinese real estate brokerage agencies need to implement reasonable reductions to fees for housing transactions and leasing…
Joint Philippines-U.S. patrols in South China Sea may begin by third quarter – envoy
MANILA (Reuters) – Joint patrols between the Philippines and the United States in the South China Sea may begin later…
Senate Republicans oppose vote just to raise US debt ceiling, push for other priorities
WASHINGTON (Reuters) – A group of 43 Republicans in the U.S. Senate said they oppose voting on a bill that…
Berkshire Hathaway sells $58.9 million worth of shares in China’s BYD
HONG KONG (Reuters) – Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 1.96 million Hong Kong-listed shares…
Biden says not yet ready to invoke 14th Amendment to avoid debt default
WASHINGTON (Reuters) – President Joe Biden said on Friday he was not yet ready to invoke the 14th Amendment to…
Man who pepper-sprayed police gets 14 years in longest Jan. 6-related sentence
By Andrew Goudsward and Steve Gorman WASHINGTON (Reuters) – A Pennsylvania man found guilty of felony assault and other charges…
Chinese Automaker BYD To Make EVs In Vietnam
HANOI (Reuters) – Chinese automaker BYD Co. plans to expand into electric vehicles manufacturing and assembly in Vietnam, according to…