By Chibuike Oguh NEW YORK (Reuters) -Global equities and U.S. Treasury yields were lower on Wednesday as risk-off sentiment dominated markets, with investors focused on a much-anticipated vote in Congress on raising the U.S. debt ceiling. The U.S. House of Representatives is set to vote on Wednesday on a bipartisan deal that would lift the…
By Arriana McLymore NEW YORK (Reuters) – Fast-fashion retailer Shein is boosting senior leaders and executives to roll out its U.S. marketplace and to meet regulatory compliance as it deepens its footprint in North America and looks to diversify away from China. The company is hiring a U.S. head of logistics, who will be a…
(Updates prices throughout story, adds analyst comment in paragraphs 7 and 8, recasts lede and paragraphs 2, 3 and 4 to reflect comments from Fed governor) By Hannah Lang WASHINGTON (Reuters) – The U.S. dollar retreated from a more than two-month high on Wednesday after a Federal Reserve official warned any decision by the central…
LONDON (Reuters) – North Korean missile tests are endangering the safety of commercial shipping in busy sea lanes in northeastern Asia without enough time given for notification, several countries told a UN agency on Wednesday. Nuclear-armed North Korea’s sixth satellite launch on Wednesday ended in failure, with the booster and payload plunging into the sea,…
By Laura Sanicola (Reuters) -Oil prices settled lower on Wednesday, pressured by a stronger U.S. dollar and weak data from top oil importer China that fed demand fears. Brent crude futures for August delivery settled down $1.11 to $72.60 a barrel. U.S. West Texas Intermediate crude (WTI) settled down $1.37, or 2%, to $68.09. At…
By Hyonhee Shin and Chang-Ran Kim SEOUL/TOKYO (Reuters) – A North Korean satellite launch on Wednesday ended in failure, sending the booster and payload plunging into the sea, North Korean state media said, and the South’s military said it had recovered parts of the launch vehicle. The new “Chollima-1” satellite launch rocket failed because of…
By Philip Blenkinsop LULEA, Sweden (Reuters) – EU tech chief Margrethe Vestager said on Wednesday she believed a draft code of conduct on artificial intelligence (AI) could be drawn up within weeks, allowing industry to commit to a final proposal “very, very soon”. Policymakers and many in the industry have expressed concern about AI, particularly…
(Reuters) – Minnesota became the latest U.S. state to legalize marijuana for recreational use on Tuesday after its governor, Tim Walz, signed a law allowing the state’s residents over the age of 21 to legally possess cannabis for consumption. Apart from the 23 states, adult-use cannabis is also legal in the District of Columbia, Guam…
(Reuters) – Toyota Motor Corp said on Wednesday it will invest $2.1 billion more in its new U.S. battery plant in North Carolina, as the Japanese automaker deepens efforts to tap rising demand for electric vehicles. The automaker also said its first U.S.-made battery electric sports utility vehicles (SUVs) will be assembled at the company’s…
By Karen Freifeld WASHINGTON (Reuters) – New rules under consideration would restrict the flow of U.S. investments and know-how into Chinese companies working on advanced semiconductors, artificial intelligence and quantum computing, a U.S. Treasury official said on Wednesday. Speaking before a Senate Banking Committee hearing, Paul Rosen, who oversees investment security at Treasury, said officials…
