SEOUL (Reuters) – South Korea’s producer inflation slowed in May to its weakest pace in nearly 2-1/2 years, central bank data showed on Wednesday, due mostly to weaker oil prices. The producer price index stood 0.6% higher in May from the same month a year before, after a 1.6% rise in April, according to the…
By David Shepardson WASHINGTON (Reuters) – The U.S. Federal Communications Commission (FCC) on Tuesday proposed a rule that would require cable TV and broadcast satellite operators to disclose to consumers the full pricing for video programming services in promotional materials and on their bills – a plan quickly endorsed by President Joe Biden. The FCC’s…
By David Brunnstrom, Yew Lun Tian and Martin Quin Pollard WASHINGTON/BEIJING (Reuters) – The first trip to China by a U.S. secretary of state in five years may have eased tensions that many saw escalating to dangerous levels, but the lack of progress on core issues means the relief will likely only be temporary. The…
By Caroline Valetkevitch NEW YORK (Reuters) – Global stock indexes fell and the dollar index inched up on Tuesday as investors weighed the U.S. interest rate outlook ahead of Federal Reserve Chair Jerome Powell’s congressional testimony. U.S. Treasury yields eased. Adding to uncertainty over the rate outook, a report showed groundbreaking on U.S. single-family homebuilding…
By Josh Ye, David Kirton and Chen Lin HONG KONG/SHENZHEN, China (Reuters) – Psst! Where can a Chinese buyer purchase top-end Nvidia AI chips in the wake of U.S. sanctions? Visiting the famed Huaqiangbei electronics area in the southern Chinese city of Shenzhen is a good bet – in particular, the SEG Plaza skyscraper whose…
ROME (Reuters) – Italy’s participation in China’s Belt and Road Initiative (BRI) has produced few benefits, Rome’s Foreign Minister Antonio Tajani said on Tuesday, as his country faces a decision on whether to pull out of the deal. Italy in 2019 became the first and so far only G7 nation to have joined the hugely…
By Patricia Zengerle WASHINGTON (Reuters) -Dozens of U.S. President Joe Biden’s fellow Democrats urged him on Tuesday to raise human rights issues with Indian Prime Minister Narendra Modi during his visit to Washington this week, according to a letter sent to Biden. Modi left for Washington on Tuesday for a visit projected as a milestone…
By Abhirup Roy SAN FRANCISCO (Reuters) – BTC Power will add Tesla’s standard to its electric vehicle chargers next year, its chief executive told Reuters on Tuesday, days after Ford and General Motors sent shockwaves through the industry by adopting the technology. Privately-owned BTC, a supplier to 7-Eleven and fleet operators, is the fourth major…
(Refiles to add dropped day in paragraph 1) By Saqib Iqbal Ahmed and Samuel Indyk NEW YORK (Reuters) -The U.S. dollar edged higher against the euro on Tuesday after data showed U.S. housing starts surged and as traders awaited Federal Reserve Chair Jerome Powell’s congressional testimony later this week for clues to the outlook for…
BRUSSELS (Reuters) – EU leaders are set to call on China next week to help bring an end to the war in Ukraine, engage in global challenges, such as climate change, and rebalance its economic relations with the European Union, a senior EU official said on Tuesday. EU leaders meet for a summit in Brussels…
