(Reuters) – Fitch has placed the ratings of U.S. mortgage finance giants Fannie Mae and Freddie Mac on watch for a possible downgrade as U.S. lawmakers’ negotiations to raise the government’s debt ceiling dragged on without a resolution. This comes after the ratings agency on Wednesday had warned that the U.S. credit rating could be…
(Reuters) – Fitch has placed the ratings of U.S. mortgage finance giants Fannie Mae and Freddie Mac on watch for a possible downgrade as U.S. lawmakers’ negotiations to raise the government’s debt ceiling dragged on without a resolution. This comes after the ratings agency on Wednesday had warned that the U.S. credit rating could be…
(Reuters) -The U.S. on Thursday held its first sale of oil and gas drilling rights on federal lands since passage of President Joe Biden’s landmark climate change law, attracting more than $78 million in high bids for leases in New Mexico and Kansas. The federal auction was just the second to be held in New…
TAIPEI (Reuters) -Software problems are delaying the delivery to Taiwan of 66 advanced new F-16V fighter jets from the United States but the island still expects the full order to arrive by 2026, Defence Minister Chiu Kuo-cheng said on Thursday. The United States in 2019 approved an $8 billion sale of Lockheed Martin Corp F-16…
By Rosalba O’Brien (Reuters) – When Eric Gaillard first went to photograph the Cannes Film Festival in 1981, it was a smaller, more intimate affair – the kind of place where you could see the greats from Hollywood’s Golden Age like Lauren Bacall or Ava Gardner wandering alone on the esplanade or having fun on…
By David Shepardson (Reuters) – Ford Motor Co CEO Jim Farley said on Thursday Chinese electric vehicle makers are its main rivals in the sector, but the company has hurdles competing on cost at a smaller scale. “I think we see the Chinese as the main competitor, not GM or Toyota,” Farley said at the…
By Pavel Polityuk KYIV (Reuters) -Russia’s Wagner private army started handing over its positions in Bakhmut to regular Russian troops on Thursday, five days after declaring full control of the devastated eastern Ukrainian city following the longest and bloodiest battle of the war. Moscow says capturing Bakhmut opens the way to advances in the eastern…
By Katherine Masters and Ananya Mariam Rajesh (Reuters) – Gap Inc on Thursday reported a surprise profit in the first quarter, and its shares jumped 16% in extended trading as the apparel retailer cited restructuring efforts and easing supply chain costs. U.S. companies are starting to see some relief from sky-high costs of freight and…
MONTREAL (Reuters) -Air Canada said on Thursday that a precautionary ground stop on its flights has been lifted after the country’s largest carrier faced a technical issue. Air Canada said in a statement it experienced a temporary issue with its communicator system, which is used to communicate with aircraft and monitor operational performance. The problem…
By Hyunjoo Jin, David Shepardson and Abhirup Roy (Reuters) -Ford Motor Co said on Thursday it has agreed with Tesla Inc to allow its electric vehicle owners to gain access to more than 12,000 Tesla Superchargers in North America in early 2024. The tie-up between the rivals makes Ford the first major automaker to embrace…
