By Kane Wu, Julie Zhu and M. Sriram HONG KONG (Reuters) -U.S. venture capital giant Sequoia plans to split off its Chinese and Indian/Southeast Asian businesses into two independent firms, it said on Tuesday, as it tries to better navigate economic and geopolitical challenges. The split, which will see the two new firms adopt their…
By Michelle Nichols UNITED NATIONS (Reuters) – The United States said on Tuesday it was “not certain” who was to blame for a burst dam in Ukraine, but it would not make sense for Ukraine to have done this to its own people and territory, as Kyiv and Moscow blamed each other for the disaster….
By Richard Cowan and Gram Slattery WASHINGTON (Reuters) -A small group of Republicans in the House of Representatives on Tuesday stopped their leaders’ drive to protect gas-fueled stoves from regulation, raising questions about the party’s ability to advance other legislation this year. The revolt had nothing to do with the kitchen appliances, stemming instead from…
By Max Hunder KHERSON, Ukraine (Reuters) – Distraught residents of Ukraine’s Kherson evacuated their homes under artillery fire on Tuesday after they were flooded by the rupture of a vast dam upstream in a disaster that Kyiv and Moscow have blamed on each other. Some residents cried as they packed belongings into cars. A meteorologist…
By Kanishka Singh WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission on Tuesday asked a federal court to issue a temporary restraining order to freeze the U.S. assets of cryptocurrency exchange Binance. The motion, in a filing to the U.S. District Court for the District of Columbia, comes a day after U.S. regulators sued Binance…
By Valerie Insinna and David Shepardson WASHINGTON (Reuters) -Boeing said on Tuesday it could be forced to slow deliveries of its 787 Dreamliner after the company discovered a new production flaw that will require it to inspect all 90 jets in its inventory, the latest in a series of setbacks for the widebody plane. While…
By Libby George and Jorgelina do Rosario LONDON (Reuters) – The global sovereign debt roundtable will meet on Friday to focus on technical talks aimed at discussing issues such as arrears and comparability of treatment for countries in default, two sources with direct knowledge of the matter told Reuters. This would be the third encounter…
WASHINGTON (Reuters) – Donald Trump’s former White House Chief of Staff Mark Meadows has testified to a federal grand jury in a special counsel’s investigations of the former president, the New York Times reported on Tuesday, citing two people briefed on the matter. Special Counsel Jack Smith is overseeing Justice Department investigations of whether Trump,…
By Sruthi Shankar, Shristi Achar A and David Carnevali (Reuters) – U.S. stocks closed up on Tuesday, helped by some advances in economically sensitive sectors, as investors awaited inflation data and the Federal Reserve’s policy meet next week. Inflation data is expected to show consumer prices cooled slightly on a month-over-month basis in May but…
By Tom Hals (Reuters) -A trial court properly found that Tesla Inc CEO Elon Musk did not push the electric carmaker to overpay for SolarCity in 2016, the Delaware Supreme Court said on Tuesday, ending years of litigation over the $2.6 billion deal. Musk was the biggest shareholder in both companies at the time, and…
