By David Shepardson WASHINGTON (Reuters) -A group of 27 Senate Republicans on Thursday called on the Biden administration to drop its plan to drastically cut vehicle emissions through 2032 and ramp up electric vehicle sales. In a letter led by Senator Shelley Moore Capito, lawmakers said the administration plan will “effectively mandate a costly transition…
MOSCOW (Reuters) – Russia’s most powerful mercenary on Thursday said he was sending back the bodies of a U.S. citizen who was killed in fighting in the Ukrainian city of Bakhmut and that of a Turkish citizen who was found dead in a blown up building. Mercenaries from Russia’s Wagner Group were shown in a…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The U.S. dollar’s dominance in international trade and finance will persist for decades despite new challenges and even when a more multipolar currency system emerges it will be led by the greenback, Moody’s Investor Service said on Thursday. While the multi-decade fall in the dollar’s share of…
By Caroline Valetkevitch NEW YORK (Reuters) – Short sellers in shares of Nvidia Corp. were down $2.3 billion in mark-to-market losses Thursday as the stock surged more than 25% in early trading following the chipmaker’s blowout forecast, according to financial data firm S3 Partners. For the year to date, including this morning’s move, Nvidia shorts…
By Caroline Valetkevitch NEW YORK (Reuters) – Short sellers in shares of Nvidia Corp. were down $2.3 billion in mark-to-market losses Thursday as the stock surged more than 25% in early trading following the chipmaker’s blowout forecast, according to financial data firm S3 Partners. For the year to date, including this morning’s move, Nvidia shorts…
By Abhijith Ganapavaram and Shivansh Tiwary (Reuters) -Boeing Co has started delivering reworked 737 jets from inventory to customers after a manufacturing glitch forced a brief halt, the company said on Thursday, adding it will be “disciplined” in setting jet prices during the current boom. The resumption could help the planemaker achieve the goal of…
By Phuong Nguyen HANOI (Reuters) -Vietnamese electric vehicle (EV) maker VinFast said it is recalling all of the first batch of vehicles it shipped to the United States last year following a safety warning issued by U.S. authorities. The move came after the U.S. National Highway Traffic Safety Administration (NHTSA) said 999 of VinFast’s VF…
BRASILIA (Reuters) – Brazil’s state development bank BNDES will provide 4 billion reais ($799.47 million) in dollar-denominated financing for local industry, Vice President Geraldo Alckmin said on Thursday. He also announced the government would lower the PIS and COFINS federal taxes levied on vehicles of up to 120,000 reais in a bid to modernize the…
By David Shepardson WASHINGTON (Reuters) -Two key U.S. senators said on Thursday they want the Commerce Department to prioritize national and economic decisions in awarding $39 billion in semiconductor manufacturing subsidies rather than using the funds to aid ailing companies. Senate Intelligence Committee chair Mark Warner and Republican Senator John Cornyn said in a letter…
By Nandita Bose and Jarrett Renshaw WASHINGTON (Reuters) -U.S. President Joe Biden and top Republican lawmaker Kevin McCarthy are edging close to a deal on the U.S. debt ceiling, with the parties just $70 billion apart on discretionary spending, according to a person familiar with the talks. What is likely to emerge will not be…
