By Herbert Lash NEW YORK (Reuters) -The dollar hit a fresh two-month high against a basket of peers on Wednesday, bolstered by recent signs of a resilient U.S. economy, while unease over U.S. debt ceiling talks kept investors moving to safe havens. The dollar is not seen posing an immediate risk, unlike certain Treasury securities,…
By Lawrence White and Koh Gui Qing LONDON/NEW YORK (Reuters) -World stocks dropped on Wednesday as U.S. debt ceiling talks dragged on without resolution, stoking a general malaise in markets that saw safe-haven assets such as the dollar hold around recent highs. But crude oil prices bucked the downtrend and kept rising, after a warning…
By Patricia Zengerle WASHINGTON (Reuters) -A new U.S. congressional committee on China approved reports on Wednesday pushing back on Beijing over its treatment of Uyghurs and other ethnic minorities and seeking to deter the initiation of a conflict with Taiwan, hoping some of its recommendations become law this year. Members of the Republican-led House of…
By Krystal Hu and Arriana McLymore (Reuters) – Online fashion giant Shein is exploring plans to build a factory in Mexico as one of its manufacturing hubs outside China, sources familiar with the matter told Reuters, as the company faces increased scrutiny from U.S. lawmakers and looks to expand its Latin America footprint. The factory,…
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose 2% on Wednesday, after a large unexpected drawdown in U.S. crude inventories and a warning from the Saudi energy minister that raised the prospect of further OPEC+ production cuts. Brent crude futures rose $1.52, or 2%, to settle at $78.36 a barrel. U.S. West Texas Intermediate…
By Michelle Nichols UNITED NATIONS (Reuters) -An international aid agency in Afghanistan hopes to have an interim arrangement within days to allow its Afghan female staff to return to work in the southern province of Kandahar – the birthplace of the Taliban and home to the supreme spiritual leader. Norwegian Refugee Council Secretary General Jan…
SARAJEVO (Reuters) – A higher court in Montenegro on Wednesday scrapped bail of 800,000 euros ($880,640) previously granted to Do Kwon, a cryptocurrency entrepreneur charged in the U.S. with a multibillion-dollar fraud, and his ally pending a trial. Do Kwon, a South Korean national, is the former CEO of South Korea-based Terraform Labs, the company…
By John Revill (Reuters) -UBS has been a net gainer in customer balances following its rescue of Credit Suisse, Chairman Colm Kelleher said on Wednesday, citing positive feedback from wealthy clients. Bank mergers can sometimes lead to turbulence, with clients withdrawing their cash, although this tended to happen very quickly, Kelleher told a WSJ event…
WASHINGTON (Reuters) – Russia’s decision to extend the detention of a Wall Street journalist being held in Russia by three months is not acceptable, White House spokesman John Kirby said on Wednesday. The longer pretrial detention of reporter Evan Gershkovich is irresponsible and unacceptable, Kirby told reporters in a briefing. (Reporting by Andrea Shalal and…
By Walter Bianchi BUENOS AIRES (Reuters) – Argentina is in talks to renew and potentially expand its currency swap line with China, a central bank source said on Wednesday, as the South American country battles tumbling foreign reserves that threaten its ability to meet payments. The country has free access to some $5 billion as…
