WASHINGTON (Reuters) – The U.S. securities regulator will continue to carefully review issuer filings, it said on Wednesday in response to a Reuters report that Chinese offshore issuers are toning down China-related business risks in their listing documents. “Any issuer who chooses to access the U.S. capital markets must comply with our federal securities laws…
By Isla Binnie NEW YORK (Reuters) – Invenergy Renewables, Blackstone and Canada’s second-largest pension fund said on Wednesday they struck a deal with Bank of America to help buy wind and solar plants worth $1.5 billion, capitalising on a new tax structure included in President Joe Biden’s landmark climate law. Developers and investors are working…
By Steven Scheer and Emily Rose JERUSALEM (Reuters) – A growing number of Israel’s tech startups are incorporating in the United States, attracted by deep pocketed U.S. funds and pro-business policies, and with an extra push from a planned judicial overhaul at home that has rattled investors. That marks a reversal, as Israel had managed…
By David Brunnstrom and Michael Martina WASHINGTON (Reuters) – A U.S. summit with Japan and South Korea on Friday will include an ambitious set of initiatives to lock in progress between the allies, White House Indo-Pacific coordinator Kurt Campbell said on Wednesday. Campbell said the U.S. relationship with Japan and South Korea would be a…
By Pete Schroeder WASHINGTON (Reuters) -Wall Street ended Wednesday lower and oil continued a downward slide as concerns over more Federal Reserve rate hikes and China’s laggard economy weighed on investors. U.S. stocks accelerated losses after minutes of the Fed’s July rate-setting meeting showed officials were divided on the need for more interest rate hikes,…
By Michael Martina and David Shepardson WASHINGTON (Reuters) – Close to half of American adults support a ban on the Chinese-owned social media app TikTok, according to a new Reuters/Ipsos survey that also asked questions about national security concerns and China. TikTok, owned by Chinese tech giant ByteDance and used by tens of millions of…
By Moira Warburton (Reuters) – A campaign aide to embattled Republican U.S. Representative George Santos was charged with identity theft and wire fraud in federal court for impersonating a top congressional staffer in fundraising appeals, court documents unsealed on Wednesday showed. The indictment, filed in federal court in Brooklyn, New York, said Samuel Miele created…
By Siddharth Cavale NEW YORK (Reuters) – Big-box retailer Target said on Wednesday that losses caused by theft and organized retail crime, which had spiked in the first half of the year, are showing signs of stabilizing. Target shares were up 3.5% at $129.40 in afternoon trading after the company’s second-quarter profit exceeded analysts’ expectations…
WASHINGTON (Reuters) – The new U.S. ambassador to Niger, Kathleen FitzGibbon, will arrive in Niamey following a coup last month, the State Department said on Wednesday, in a signal of Washington’s continued engagement with the situation. A U.S. official said she is expected to arrive in Niger later this week. The Senate confirmed FitzGibbon, a…
By Jonathan Stempel (Reuters) – Allstate agreed to pay $90 million to settle a class action lawsuit by shareholders who accused the insurer of defrauding them by concealing that it lowered underwriting standards to boost growth. A preliminary settlement was filed on Monday in federal court in Chicago, and requires a judge’s approval. The lawsuit…
