By Jane Lanhee Lee and Stephen Nellis SANTA CLARA, California (Reuters) -U.S. semiconductor toolmaker Applied Materials Inc on Monday said it plans to spend up to $4 billion on a research center in the heart of Silicon Valley to speed up advances in semiconductor manufacturing. The center based in Sunnyvale, California, will come on line…
By Ross Kerber (Reuters) – State Street Corp will offer retail fund investors proxy voting choices, the firm said on Monday, moving ahead of rivals with a strategy that could blunt criticism of index funds’ environmental, social and governance (ESG) policies. By the end of 2024, the firm’s asset-management arm, State Street Global Advisors, aims…
By Andrea Shalal and David Lawder WASHINGTON (Reuters) – The U.S. Treasury Department reiterated Monday it expects to be able to pay the U.S. government’s bills only through June 1 without a debt limit increase, leaving just 10 days for White House negotiators and congressional Republicans to reach a deal. In her third letter to…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Creeping optimism that a deal will be reached over the U.S. debt ceiling standoff looks to be just about enough to sustain investors’ risk appetite, although Asian markets on Tuesday could be vulnerable to a reversal. Flash purchasing…
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Minneapolis President Neel Kashkari cautioned that while it may appear like the worst of the banking sector’s stresses are over, history showed more trouble can’t be ruled out. “It’s far too soon to declare all-clear” and say that actions by the Fed, Treasury…
By Nupur Anand and Lananh Nguyen NEW YORK (Reuters) – JPMorgan Chase & Co is beefing up its commercial banking business that caters to tech startups and other early-stage companies, the company said on Monday. The largest U.S. lender plans to add staff after it hired more than a hundred bankers this year to serve…
LONDON (Reuters) – British Finance Minister Jeremy Hunt plans to raise concerns about the surge in food prices and discuss ways to ease the strain on families when he meets food manufacturers on Tuesday, his office said in a statement. “High food prices are proving stubborn so we need to understand what’s driving that,” Hunt…
By Chris Prentice and Nell Mackenzie NEW YORK/LONDON (Reuters) -Wall Street shares were mixed and European stocks finished little-changed as talks in Washington resumed to avert a U.S. default, while gold prices retreated under pressure from hawkish remarks by Federal Reserve officials. Oil prices finished higher on demand optimism. U.S. treasury yields rose. House Republican…
SEOUL (Reuters) – Consumer sentiment in South Korea improved in May to the highest level in a year, with their inflation expectations weakening, a central bank survey showed on Tuesday. The Consumer Sentiment Index rose to 98.0 in May from 95.1 in April, according to the Bank of Korea’s monthly survey of consumers. The index…
By Dawn Chmielewski LOS ANGELES (Reuters) – Writer Kyra Jones knew she would be taking a financial hit when she agreed to join the writers’ room for the Hulu comedy series “Woke.” The first payment she received for her share of the show’s digital rentals was a mere $4, before taxes, barely enough to buy…
