By Lucila Sigal BUENOS AIRES (Reuters) – Argentina, known better for its Malbec than its mining, has its sights set on becoming a top ten copper producer by 2030, with an investor friendly stance luring global players like Glencore and Lundin Mining to its mountainous north. The South American country has a pipeline of copper…
By Lisa Richwine LOS ANGELES (Reuters) – Ronald D. Moore started his television writing career in 1989 in a junior-level job on “Star Trek: The Next Generation” before he rose through the ranks to produce hits such as “Battlestar Galactica” and “Outlander.” That path to success is hard to find in today’s Hollywood, Moore and…
(Reuters) – A look at the day ahead in U.S. and global markets from Amanda Cooper. U.S. Treasury Secretary Janet Yellen didn’t pull any punches on Sunday when she said failure to resolve the impasse over the debt ceiling in time could trigger a “constitutional crisis”. And not just that. The last time there was…
By Akash Sriram (Reuters) -U.S. electric-vehicle startups are expected to report another quarter of dwindling cash reserves next week, piling pressure on a group of companies that are struggling to ramp up production and have few options for funding in a turbulent economy. Having gone public with hopes of shaking up the automobile industry, these…
By Selena Li HONG KONG (Reuters) – HSBC has agreed to buy out its China fund management joint venture partner, two people familiar with the matter said, as the Asia-focused bank pushes ahead with expansion in the world’s second-largest economy. HSBC, which currently owns a 49% stake in HSBC Jintrust Fund Management, has signed an…
BEIJING (Reuters) – Chinese real estate brokerage agencies need to implement reasonable reductions to fees for housing transactions and leasing services to promote healthy development of the sector, the housing regulator said on Monday. Some real estate brokers in recent years “have charged excessive, unclear and bound fees, and misused clients’ personal information, which has…
MANILA (Reuters) – Joint patrols between the Philippines and the United States in the South China Sea may begin later this year, a top diplomat said on Monday, just days after Washington clarified its commitment to defend Manila from an attack at sea. Discussions were continuing on the joint maritime patrols, which were announced in…
WASHINGTON (Reuters) – A group of 43 Republicans in the U.S. Senate said they oppose voting on a bill that only raises the U.S. debt ceiling without tackling other priorities, in a letter to Democratic Senate Majority Leader Chuck Schumer, showing they could block such a plan by Democrats. Citing an economy “in free fall,”…
HONG KONG (Reuters) – Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 1.96 million Hong Kong-listed shares of electric vehicle maker BYD for HK$462.09 million ($58.9 million), a stock exchange filing showed. The sale on May 2 lowered Berkshire’s holdings in BYD’s issued H-shares to 9.87% from 10.05%, the filing to the…
WASHINGTON (Reuters) – President Joe Biden said on Friday he was not yet ready to invoke the 14th Amendment to avoid the United States defaulting on its debts as early as June 1, comments which for the first time suggested he has not ruled out the option. “I’ve not gotten there yet,” Biden said in…
