By Jeff Mason WASHINGTON (Reuters) – U.S. President Joe Biden will veto congressional efforts to overturn his solar tariff waiver for four Southeast Asian nations for two years, the White House said on Monday. In June, Biden waived tariffs on solar panels from Cambodia, Malaysia, Thailand and Vietnam in an effort to create a “bridge”…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell to a more than one-week low against major currencies on Monday in generally thin trading, as investors continued to price in interest rate cuts this year by the Federal Reserve after a widely expected rate increase at next week’s policy meeting. The Japanese currency, on…
(Reuters) – Rising concerns that the U.S. Treasury Department could hit its debt limit in the coming months are leading investors to shun certain Treasury bills and pour into others as they seek out low risk places to park cash. Congress will need to raise the U.S. debt ceiling or risk a catastrophic debt default,…
LONDON (Reuters) – Zambia has sent a debt restructuring proposal to its official creditors, a spokesperson for the government’s advisors said on Monday. The country, which was the major sovereign casualty of the COVID-19 pandemic and has been in default since 2020, said on Friday it would share a first fully-formed debt restructuring plan with…
By Nina Chestney and Susanna Twidale LONDON (Reuters) – After a bumper year for floating offshore wind farm tenders, the nascent industry is poised for explosive growth in the coming decade as countries strive to cut their carbon emissions. But it’s unlikely to be all plain sailing. Rising costs and supply chain bottlenecks have hit…
By Hyonhee Shin SEOUL (Reuters) -South Korean President Yoon Suk Yeol set off on Monday for the United States and a summit with President Joe Biden at a time of rare questioning in South Korea of an alliance that has guaranteed its security for decades. Yoon’s April 24-29 trip is the first state visit to…
By Clyde Russell LAUNCESTON, Australia (Reuters) -The spot price of iron ore tumbled to a four-month low as Beijing once again talked down the key steel raw material, but as usual the question is whether the intervention will lead to sustained lower prices. The spot price for benchmark 62% iron ore for delivery to north…
By Ernest Scheyder SANTIAGO (Reuters) -Chilean President Gabriel Boric’s plan to nationalize his country’s immense lithium industry is putting the spotlight on an emerging crop of filtration technologies aimed at revolutionizing how the metal is produced for the electric vehicle industry. In a national prime time address, Boric said last Thursday a new state-owned company…
HONG KONG (Reuters) – China Evergrande Group’s onshore flagship unit Hengda Real Estate said the holders of an onshore bond worth 8.2 billion yuan ($1.19 billion) will hold a meeting on Wednesday to vote whether they will join the group’s offshore restructuring proposal. The bond in question, due July 8 after extending the maturity by…
By Lucila Sigal BUENOS AIRES (Reuters) – In Argentina’s mountainous north, a strong pipeline of lithium projects close to coming online looks set to unlock a wave of production that could see its output of the key electric vehicle battery metal as much as triple within the next two years. The world’s fourth largest producer…
