MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador will meet with White House Homeland Security adviser Elizabeth Sherwood-Randall Tuesday morning in Mexico, Lopez Obrador’s office confirmed on Monday. The Mexican leader said earlier Monday he would meet with a representative for U.S. President Joe Biden to discuss migration, without saying who. On May…
By Sinéad Carew NEW YORK (Reuters) – Wall Street shares fell on Tuesday, a day ahead of the Federal Reserve’s interest rate decision, while U.S. Treasury yields fell as investors worried the government could run out of cash June 1 without a debt ceiling hike. Bank stocks underperformed sharply after the weekend failure of U.S….
(Reuters) – Shares of major U.S. regional banks fell further on Tuesday in the aftermath of the collapse of First Republic Bank, the largest U.S. bank failure since the 2008 financial crisis. JPMorgan Chase & Co on Monday bought a majority of First Republic Bank’s assets. Here is what analysts are saying about the sell-off…
By Julia Payne BRUSSELS (Reuters) – A group of 19 European Union member states are pushing for measures to reduce the bloc’s dependency on Chinese imports of pharmaceutical ingredients, a paper dated May 2 showed. The move comes a week after the European Commission proposed an overhaul of the legislation governing its 136 billion euro…
By Scott DiSavino NEW YORK (Reuters) -Oil prices sank about 5% to a five-week low on Tuesday on concerns about the economy as U.S. politicians discuss ways to avoid a debt default and investors prepare for more rate hikes this week. Brent futures fell $3.99, or 5.0%, to settle at $75.32 a barrel, while West…
By Olena Harmash KYIV (Reuters) -Ukraine’s military vowed on Tuesday not to give up the pulverised eastern city of Bakhmut as it prepares to launch a long-promised counteroffensive against Russian forces. General Oleksandr Syrskyi, commander of ground forces, underlined the importance Kyiv attaches to holding Bakhmut as preparations continue for a counterattack which it hopes…
By Karen Brettell NEW YORK (Reuters) – The dollar fell Tuesday after data showed that U.S. job openings fell in March, a day before the Federal Reserve is expected to hike interest rates by an additional 25 basis points. U.S. job openings fell for a third straight month and layoffs increased to the highest level…
By David Shepardson WASHINGTON (Reuters) -White House senior adviser John Podesta said Toyota Motor Corp “had been the laggard” on producing electric vehicles but is now “fully committed” after he met recently with senior company officials at the Japanese automaker. “I think they’re going to stick with plug-in hybrids for a while, maybe longer than…
By Valerie Volcovici, Timothy Gardner and Jeff Mason WASHINGTON (Reuters) -The White House will support Senator Joe Manchin’s bill introduced on Tuesday to speed energy project permits, because it would help clean power companies use vast incentives in President Joe Biden’s climate law, adviser John Podesta said. Despite recent calls by Manchin, a conservative West…
By Dietrich Knauth (Reuters) -Revlon Inc said on Tuesday that it has emerged from bankruptcy after cutting more than $2.7 billion in debt and handing control of the beauty products company to its lenders. CEO Debra Perelman said in a statement that Revlon is stronger after bankruptcy and well positioned for long-term growth. “We look…
