By Walter Bianchi and Rodrigo Campos BUENOS AIRES/NEW YORK (Reuters) – Argentina and the International Monetary Fund (IMF) have a $44 billion dilemma, with the two sides set to meet for crunch talks to revamp the country’s huge, wobbling debt deal, key to avoiding default on billions in looming debt payments. The South American country,…
By Michael Martina WASHINGTON (Reuters) – For over 40 years, a landmark agreement between the United States and China has yielded cooperation across a range of scientific and technical fields, a powerful sign that the rivals could set aside their disputes and work together. Now with bilateral relations in their worst state in decades, a…
By Nandita Bose and Jarrett Renshaw PHILADELPHIA (Reuters) -President Joe Biden made his 2024 re-election pitch to union members in Philadelphia on Saturday in his first political rally since launching his campaign in April, aiming to shore up a key part of his political coalition and bolster support among white working-class voters. The AFL-CIO, which…
By Valerie Insinna PARIS (Reuters) – U.S. planemaker Boeing slightly raised its annual 20-year forecast for new jetliner deliveries, propelled by the strength of the narrowbody market fueled by demand from low-cost carriers. Boeing expects airlines will need to buy 42,595 jets from now until 2042, up from 41,170 planes in its previous 20-year forecast…
By Philip Blenkinsop (Reuters) – European countries should strengthen relations with Taiwan if they want continued Taiwanese investment in semiconductor production, Foreign Minister Joseph Wu said during a visit to Europe last week. Overseas investments by Taiwan Semiconductor Manufacturing Corp (TSMC), the world’s largest contract chipmaker, need government approval, including for a potential factory in…
(Reuters) – A Twitter video app for smart TVs is in the social media company’s plans, owner Elon Musk said in a tweet on Saturday, a move that would be in line with the company’s new plans to focus on growing video content on the platform. In response to a tweet suggesting that a Twitter…
(Reuters) – Inflation in the United States will not decline as quickly as markets are currently pricing, according to a note from strategists at Goldman Sachs cited in a Bloomberg report on Saturday. “Although we expect further declines in inflation going forward, markets appear considerably more optimistic than we are about the pace of cooling,”…
By Svea Herbst-Bayliss NEW YORK (Reuters) – Blackstone Group’s Scott Bommer, who oversaw its hedge fund unit’s growth strategy Horizon platform, is leaving the company for health reasons, according to two people familiar with the matter. Bommer, a former hedge fund manager, joined Blackstone in 2021 as a senior managing director when the company was…
LONDON (Reuters) – A man appeared in court on Saturday charged with three counts of murder, the BBC reported, following a stabbing and van attack in the central English city of Nottingham earlier this week which left three people dead. Valdo Calocane, aged 31, of no fixed address, was remanded in custody by magistrates, after…
ZURICH (Reuters) – UBS’s Chief Executive sought to reassure Switzerland on Saturday over its new banking giant, created by the Swiss bank’s historic takeover of former rival Credit Suisse. “The prospects for UBS are better than ever,” Sergio Ermotti wrote in an opinion piece published in the Swiss paper Tages-Anzeiger. “This also applies to the…
