WASHINGTON (Reuters) -The White House said on Monday that actions by China in the Taiwan Strait and South China Sea reflect a “growing aggressiveness” by Beijing’s military that raises the risk of an error where someone gets hurt. The U.S. Navy on Sunday released a video of what it called an “unsafe interaction” in the…
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose on Monday after the world’s top exporter Saudi Arabia pledged to cut production by a further 1 million barrels per day (bpd) from July to counter macroeconomic headwinds that have depressed markets. Brent crude futures settled up 58 cents at $76.71 a barrel, after touching a…
WARSAW/BRUSSELS (Reuters) – The European Commission said on Monday it was extending until Sept. 15 an arrangement whereby five of Ukraine’s EU neighbours can restrict imports of Ukrainian grain. The EU on May 2 allowed the five countries – Bulgaria, Hungary, Poland, Romania and Slovakia – to ban domestic sales of Ukrainian wheat, maize, rapeseed…
By Karen Brettell NEW YORK (Reuters) – The dollar fell on Monday on news that the U.S. services sector barely grew in May as new orders slowed, ending an initial rally sparked by strong jobs growth. The Institute for Supply Management (ISM) said its non-manufacturing PMI fell to 50.3 last month from 51.9 in April….
NEW YORK (Reuters) – Investors are bracing for a wave of U.S. government bond issuance as the Treasury plans to refill its depleted coffers quickly after the recent suspension of the debt limit. The Treasury General Account has fallen sharply since January when Treasury hit its limit on borrowing. Cash balance targets indicate it will…
By Nelson Bocanegra BOGOTA (Reuters) – Colombia’s lower house on Monday said it would freeze debates on government-backed social reforms, as former high-ranking officials in President Gustavo Petro’s administration were called to give evidence over alleged campaign financing irregularities. The government of leftist Petro, who took office last year, has sent proposed labor, pension and…
(Reuters) – Cava Group Inc, which operates a chain of Mediterranean fast-casual restaurants in the United States, said on Monday it is aiming for a valuation of up to $2.12 billion in its U.S. initial public offering. The company intends to sell roughly 14.44 million shares priced between $17 and $19 apiece in the offering,…
WASHINGTON (Reuters) – The U.S. services sector barely grew in May as new orders slowed, pushing a measure of prices paid by businesses for inputs to a three-year low, which could aid the Federal Reserve’s fight against inflation. Meanwhile, factory orders rose for a second straight month in April, but aside from a jump in…
By David Lawder WASHINGTON (Reuters) – The U.S. Treasury said it can now meet the federal government’s payment obligations after a debt ceiling suspension, following earlier warnings that it would run short of funds on Monday if Congress failed to act. “Now that Congress has acted to suspend the debt limit, Treasury has the tools…
PARIS (Reuters) – French aero engine maker Safran said on Monday it was s in discussions with U.S. aerospace company Raytheon Technologies for the potential acquisition of certain flight control and actuation activities, confirming earlier media reports. “At this stage, it is not possible to evaluate the chances of reaching any agreement, nor is it…
