By Gram Slattery and Andy Sullivan WASHINGTON (Reuters) -A handful of hard-right Republican lawmakers said on Monday they would oppose a deal to raise the United States’ $31.4 trillion debt ceiling, in a sign that the bipartisan agreement could face a rocky path through Congress before the U.S. runs out of money next week. Although…
BRASILIA (Reuters) – Venezuelan President Nicolas Maduro and Brazilian leader Luis Inacio Lula de Silva on Monday assailed U.S. sanctions against Venezuela and Maduro said he hopes a regional South American summit in Brasilia will call for their removal. Lula called the U.S. sanctions “extremely exaggerated” and criticized the United States for denying the legitimacy…
By Adrianna Ebert GDANSK (Reuters) – Polish games developer CD Projekt is not for sale, its CEO reiterated on Monday, following weekend rumours that the maker of “Cyberpunk 2077” could be targeted by Sony. “Nothing has changed on our end. I can repeat what we’ve been saying throughout the years – CD Projekt is not…
NEW YORK (Reuters) – U.S. President Joe Biden and top congressional Republican Kevin McCarthy have reached a tentative deal to suspend the federal government’s $31.4 trillion debt ceiling, ending a months-long stalemate. But the deal still faces a difficult path to pass through Congress before the U.S. runs out of money to pay its debts…
By Laura Matthews, Chibuike Oguh and Herbert Lash (Reuters) -Global investors are gaming out how a tentative deal to raise the United States debt ceiling could ripple through markets, as lawmakers strive to pass the agreement through Congress before a June 5 deadline. A deal to lift the $31.4 trillion debt limit announced by the…
By Canan Sevgili and Libby George LONDON/GDANSK (Reuters) -Turkey’s lira hit fresh record lows against the dollar on Monday, though stocks rallied, after President Tayyip Erdogan secured victory in Sunday’s presidential election, extending his increasingly authoritarian rule into a third decade. Erdogan prevailed despite years of economic turmoil that critics blame on his unorthodox economic…
(Reuters) – HSBC is set to announce next month that the UK arm of Silicon Valley Bank will be renamed HSBC Innovation Banking, Sky News reported on Monday. The British government and the Bank of England facilitated a private sale of SVB UK to HSBC in March, in a move which would protect deposits without…
By Krishn Kaushik NEW DELHI (Reuters) -India has filed a graft case against Britain’s BAE Systems plc and Rolls-Royce Holdings for “criminal conspiracy” in the procurement and licensed manufacturing of 123 advanced jet trainers, a federal police document showed. The case is based on the findings of an investigation launched by India’s Central Bureau of…
By Sruthi Shankar and Ankika Biswas (Reuters) – European shares edged lower in light trade on Monday, on losses in technology and bank stocks, while investors assessed the tentative deal reached by U.S. lawmakers to raise the nation’s debt ceiling and avert a default. The pan-European STOXX 600 index closed 0.1% lower, after logging its…
MEXICO CITY (Reuters) – Mexico will in 15 days launch a public tender for the construction of 10 industrial parks at a planned business corridor on an isthmus in the south of the country, President Andres Manuel Lopez Obrador said on Monday. Auto makers, tech companies and semiconductor producers could be among investors in the…
