By David Lawder DETROIT (Reuters) – U.S. Trade Representative Katherine Tai on Thursday called on Asia Pacific Economic Cooperation (APEC) trade ministers to “think creatively” for solutions to overcome a host of challenges from fragile supply chains, a worsening climate crisis and growing inequality. Launching a two-day meeting of the ministers under a cloud of…
SYDNEY (Reuters) – Consumer confidence in New Zealand was flat in May compared with the prior month and remained very subdued as consumers remained under pressure amid high inflationary pressures, ANZ-Roy Morgan data showed on Friday. The consumer confidence index slightly fell to 79.2 in May from April’s 79.3. A reading above 100 shows optimism,…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian stocks could be poised to end a volatile and dramatic week on a strong note on Friday, especially tech, lifted by the Nasdaq’s best day in three weeks on Thursday and hope that U.S. lawmakers are close…
By Chris Prentice and Marc Jones NEW YORK/LONDON (Reuters) -Progress on U.S. debt ceiling talks bolstered global equities and sent gold prices to a two-month low on Thursday, as forecast-smashing revenue from chipmaker Nvidia fueled a rally in AI-related companies. Treasury yields were up and the U.S. dollar climbed to its highest level since mid-March….
By Karen Freifeld WASHINGTON (Reuters) – A top U.S. lawmaker on Thursday asked for more detail on the Biden administration’s proposed executive order on U.S. investments in China, questioning whether the planned restrictions would be effective. Republican U.S. Representative Patrick McHenry, chair of the House of Representatives Committee on Financial Services, sent a letter to…
MOSCOW (Reuters) – Russian President Vladimir Putin on Thursday said that despite difficulties, he felt Azerbaijan and Armenia were moving towards a settlement to their decades-old conflict over the territory of Nagorno-Karabakh. Putin made his remarks in a televised Kremlin meeting with leaders of both nations. Russia has traditionally been the main power broker between…
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar strengthened for a fourth straight session on Thursday against a basket of major peers to touch a two-month high, as U.S. data pointed to a resilient economy even after an aggressive rate hike cycle by the Federal Reserve. Weekly initial jobless claims rose by 4,000 last…
(Reuters) -Much of the U.S. Western Pacific territory of Guam was without power and water on Thursday after a typhoon packing ferocious winds and torrential rains battered the island but caused no reported fatalities or major injuries. Guam residents were ordered to boil their water until further notice as crews repaired generators damaged by Typhoon…
By Laura Sanicola (Reuters) – Oil prices settled lower on Thursday after Russian Deputy Prime Minister Alexander Novak played down the prospect of further OPEC+ production cuts at its meeting next week. Brent crude futures settled down $2.10, or 2.7%, to $76.25 a barrel. U.S. West Texas Intermediate crude (WTI) settled down $2.51, or 3.4%,…
By Joseph White DETROIT (Reuters) – U.S. trade policy with China and other nations must strike a more equitable balance between needs of workers and corporate profits, leaders of two big U.S. unions said at the Asia Pacific Economic Cooperation trade ministers meeting on Thursday. “We’re not anti-trade,” United Auto Workers union President Shawn Fain…
