By Mike Stone, Trevor Hunnicutt and Krishn Kaushik WASHINGTON/NEW DELHI (Reuters) – Ahead of Indian Prime Minister Narendra Modi’s state visit to Washington, the Biden administration is pushing New Delhi to cut through its own red tape and advance a deal for dozens of U.S.-made armed drones, two people familiar with the matter said. India…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets are set for an explosive open on Wednesday after a below-consensus reading of headline U.S. inflation lit the touchpaper for a rally across all risky assets on Tuesday, although investors will be mindful…
MEXICO CITY (Reuters) – Mexico’s interior minister, a close confidant of the popular outgoing president, announced on Tuesday he would leave his post at the end of this week to focus on his bid to win the ruling party’s nod for next year’s presidential election. Interior Minister Adan Augusto Lopez’s decision, required under recently adopted…
By Stephen Nellis and Chavi Mehta (Reuters) -Advanced Micro Devices Inc on Tuesday gave new details about an artificial intelligence chip that will challenge market leader Nvidia Corp , but the company left out what Wall Street wanted to know – who plans to buy it. Santa Clara, California-based AMD said the forthcoming chip, which…
WASHINGTON (Reuters) – White House press secretary Karine Jean-Pierre said on Tuesday that White House lawyers would review a ruling from a government agency that said she had violated a law limiting political activity by federal employees. The Office of Special Counsel on Monday announced that Jean-Pierre had violating the Hatch Act by referring to…
By Chibuike Oguh NEW YORK (Reuters) – The asset management arm of Australian bank Macquarie Group Limited has bought a majority stake in waste management firm Coastal Waste & Recycling, the bank said on Tuesday. The terms of the deal were not disclosed. The transaction values Coastal Waste & Recycling at about $900 million, according…
By Samrhitha A and Chavi Mehta (Reuters) – Amazon.com said cloud services offered by its unit, Amazon Web Services (AWS), were restored after a big disruption on Tuesday affected websites of the New York Metropolitan Transportation Authority and the Boston Globe among others. Several hours after Downdetector.com started showing reports of outages, Amazon said, “the…
WASHINGTON (Reuters) – Uruguay President Luis Lacalle Pou met with U.S. President Joe Biden on Tuesday, and the two leaders explored ways to expand bilateral trade and economic ties, the White House said. Lacalle Pou stopped in Washington for the previously unannounced meeting on his way to New York, where he was scheduled to attend…
By Noel Randewich and Shristi Achar A (Reuters) – The S&P 500 and Nasdaq reached their highest closes in 14 months on Tuesday after data showed consumer prices rose modestly in May, boosting bets that the Federal Reserve will not raise interest rates on Wednesday. Nvidia jumped 3.9%, becoming the first chipmaker to end a…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices barely rose in May and the annual increase in inflation was the smallest in more than two years, though underlying price pressures remained strong, supporting the view that the Federal Reserve would keep interest rates unchanged on Wednesday while adopting a hawkish posture. The smaller-than-expected rise…
