By Phuong Nguyen HANOI (Reuters) -Vietnamese electric vehicle (EV) maker VinFast on Saturday named its founder and biggest financial backer, Pham Nhat Vuong, as chief executive as it plans an ambitious overseas expansion and ramps up sales via dealerships. Vuong, 55, replaces Le Thi Thu Thuy, who had held the post since late 2021, VinFast…
(Reuters) -U.S. natural gas producer Chesapeake Energy and peer Southwestern Energy are nearing a merger that would create a nearly $17 billion company, a person familiar with the matter told Reuters on Friday. The deal could come together as soon as next week provided the talks do not fall apart, the source said, requesting anonymity…
By Howard Schneider LINTHICUM, Md. (Reuters) -Continued strong U.S. job growth and a low unemployment rate shows the Federal Reserve is not yet at the point where its efforts to control inflation risk a direct tradeoff with the central bank’s other goal of maintaining maximum employment, Richmond Fed President Thomas Barkin said on Friday. “Getting…
WASHINGTON (Reuters) – U.S. President Joe Biden accused Donald Trump, his likely rival in the 2024 presidential contest, of sacrificing U.S. democracy for power in a Pennsylvania speech marking the third anniversary of the Jan. 6, 2021, attacks on the U.S. Capitol. Trump’s presidential campaign is “all about him, not America,” Biden said. He said…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. employers hired more workers than expected in December while raising wages at a solid clip, casting some doubt on financial market expectations that the Federal Reserve would start cutting interest rates in March. There were, however, some cracks in the closely watched employment report from the Labor Department…
