By Clare Jim HONG KONG (Reuters) -News that big developer Country Garden was not able to make $22 million in bond payments is an alarm call for China’s government that more private property companies are close to a tipping point if financial support doesn’t materialise soon. As Country Garden was the largest developer in the…
By David Shepardson WASHINGTON (Reuters) -U.S. railroad regulators on Wednesday said Norfolk Southern needs “significant improvements” in its safety culture after a Feb. 3 derailment in Ohio caused cars carrying toxic vinyl chloride and other dangerous chemicals to spill and catch fire. The Transportation Department’s Federal Railroad Administration (FRA) also disclosed it is considering enforcement…
By Abdel-Kader Mazou and Felix Onuah NIAMEY (Reuters) -Niger’s military junta met with two Nigerian envoys on Wednesday, offering hope for dialogue before a summit with regional leaders that could result in military action to restore democracy. The talks took place as Niger accused France of violating its airspace, attacking a military camp and freeing…
By Andrea Shalal and Karen Freifeld (Reuters) – The White House on Wednesday moved to start prohibiting some U.S. investments in certain sensitive technologies in China, and requiring government notification of other investments, but said it would take time before the moves take effect. President Joe Biden on Wednesday signed an executive order directing the…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Lingering concern over China’s slide into deflation and caution ahead of U.S. inflation data will keep markets in check on Thursday, as investors also eye India’s interest rate decision, wholesale inflation from Japan and Philippine…
By Kanishka Singh WASHINGTON (Reuters) -The FBI said its agents shot and killed a Utah man on Wednesday during a raid that a source said targeted the man for allegedly making threats against U.S. President Joe Biden, Vice President Kamala Harris and law enforcement officials. The FBI in Salt Lake City said the shooting occurred…
By Abhijith Ganapavaram and Shivansh Tiwary (Reuters) -WeWork shares approached zero on Wednesday after the one-time startup darling warned it could go bankrupt in a stunning reversal of fortune for a company that was once privately valued at $47 billion. The SoftBank-backed company has been in turmoil ever since its plans to go public in…
By Jacqueline Thomsen and Kanishka Singh WASHINGTON (Reuters) – The U.S. special counsel investigating Donald Trump obtained a search warrant for the former president’s Twitter account in January and the company delayed complying, according to a U.S. appeals court opinion on Wednesday. The U.S. Court of Appeals for the District of Columbia Circuit affirmed the…
By Andrew Chung (Reuters) -The U.S. Supreme Court on Wednesday dealt a setback to Epic Games, maker of the popular video game “Fortnite,” in its legal battle against Apple, declining to let a federal judge’s injunction take effect that could force the iPhone maker to change payment practices in its lucrative App Store. Liberal Justice…
By Daniel Wiessner (Reuters) – A new lawsuit accuses the U.S. military of discriminating against as many as 35,000 veterans who were barred from serving because of their sexual orientation by failing to grant them honorable discharges. Five LGBTQ veterans filed the proposed class action in San Francisco federal court on Tuesday, seeking to force…
