By Stephen Culp NEW YORK (Reuters) – U.S. stocks rallied to a higher close on Friday and benchmark Treasury yields dipped at the end of a week marked by strong earnings, wrapping up a solid month with data confirming inflation is cooling, which could allow the Federal Reserve to pause after next week’s expected rate…
By Nichola Groom and Katharine Jackson (Reuters) -The U.S. House of Representatives on Friday voted to repeal President Joe Biden’s suspension of tariffs on solar panels from four Southeast Asian nations, a move aimed at supporting a domestic supply chain but that solar project builders say would stall clean energy development. The resolution passed in…
By David Shepardson WASHINGTON (Reuters) -Some Federal Aviation Administration (FAA) engineers recommended grounding the Boeing 737 MAX in March 2019 after a second fatal crash and before the agency took action, a report released Friday said. The Transportation Department’s Office of Inspector General said in a report that its review of emails and interviews of…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar rose on Friday after data showed inflation grew in March, though at a slower pace, keeping the Federal Reserve still firmly on track to raise interest rates at next week’s monetary policy meeting. The yen, meanwhile, fell across the board, after the Bank of Japan…
By Chibuike Oguh and Bansari Mayur Kamdar NEW YORK (Reuters) – The U.S.-listed shares of small and micro-cap Chinese firms soared on Friday, reminiscent of meme-like rallies last summer that were underpinned by strong demand from retail investors. So-called meme rallies are unusual share price gains, driven by social media sites patronized by individual traders….
By Luc Cohen NEW YORK (Reuters) – U.S. charges last week against two people for allegedly running a Chinese “secret police station” in New York marked the latest case in a broad ramp-up in the use of a century-old law meant to curb the activity of foreign agents. The law, Section 951, was passed as…
By Echo Wang and Mica Rosenberg FRONTON, Texas -Lihua Wu’s journey to the United States started when she scrolled past the words “The Route”, one of several common hashtags on Douyin, the Chinese counterpart of TikTok, advising migrants on the irregular overland trek across Latin America to the United States, also known online as “the…
(Reuters) – Russia’s forecast of a 2023 budget deficit of no more than 2% of gross domestic product (GDP) remains in force but much depends on oil and gas revenues, Finance Minister Anton Siluanov was quoted as saying on Friday. “So far, these benchmarks are unchanged, but to say that it will be exactly 2%,…
BEIJING (Reuters) – China’s three largest airlines reported narrower losses in the first quarter, with domestic and international travel picking up after the country dropped its strict COVID restrictions at the end of last year and reopened its borders. Shanghai-based China Eastern Airlines Corp Ltd, China’s no. 3 carrier by revenue, cut its first quarter…
MILAN (Reuters) – Telecom Italia (TIM)’s CEO Pietro Labriola is expected to propose to directors to seek further improvements of multi-billion bids for the company’s landline grid at a board meeting on May 4, two sources familiar with the matter said on Friday. Rival suitors KKR and a consortium comprising Italian state lender CDP and…
