(Reuters) – A look at the day ahead in U.S. and global markets from Amanda Cooper. U.S. Treasury Secretary Janet Yellen didn’t pull any punches on Sunday when she said failure to resolve the impasse over the debt ceiling in time could trigger a “constitutional crisis”. And not just that. The last time there was…
BEIJING (Reuters) – Chinese real estate brokerage agencies need to implement reasonable reductions to fees for housing transactions and leasing services to promote healthy development of the sector, the housing regulator said on Monday. Some real estate brokers in recent years “have charged excessive, unclear and bound fees, and misused clients’ personal information, which has…
WASHINGTON (Reuters) – A group of 43 Republicans in the U.S. Senate said they oppose voting on a bill that only raises the U.S. debt ceiling without tackling other priorities, in a letter to Democratic Senate Majority Leader Chuck Schumer, showing they could block such a plan by Democrats. Citing an economy “in free fall,”…
WASHINGTON (Reuters) – President Joe Biden said on Friday he was not yet ready to invoke the 14th Amendment to avoid the United States defaulting on its debts as early as June 1, comments which for the first time suggested he has not ruled out the option. “I’ve not gotten there yet,” Biden said in…
HANOI (Reuters) – Chinese automaker BYD Co. plans to expand into electric vehicles manufacturing and assembly in Vietnam, according to a Vietnamese government statement citing the company’s chair. Reuters in January exclusively reported that the Xian-based EV maker had plans to open a plant in Vietnam to produce car parts, with the aim to export…
BERLIN (Reuters) – Investor morale in the euro zone took a surprising dip in May, with stubborn inflation and energy concerns upending expectations of a spring recovery, a survey showed on Monday. Sentix’s index for the euro zone fell to -13.1 points for May from -8.7 in April. Analysts polled by Reuters had expected it…
SINGAPORE (Reuters) -Cryptocurrency exchange Binance halted bitcoin withdrawals for several hours on Monday, citing heavy volumes and a surge in processing fees, before clearing them at a higher cost. Late on Sunday and again early on Monday the world’s biggest crypto exchange shut bitcoin withdrawals saying there was a glut of pending transactions because it…
By Maria Martinez BERLIN (Reuters) -German industrial production fell more than expected in March, partly due to a weak performance by the automotive sector, spurring again recession fears in Europe’s largest economy. Production decreased by 3.4% on the previous month following a slightly revised increase of 2.1% in February, the federal statistical office said on…
By Laurie Chen BEIJING (Reuters) – China’s hawkish state media tabloid, the Global Times, criticised on Monday a letter of protest by South Korea’s embassy in Beijing, the latest public spat amid worsening ties between the Asian neighbours. South Korea’s recent diplomatic push towards Japan and the U.S. would “induce and aggravate the … collapse…
By Giuseppe Fonte and Valentina Za ROME (Reuters) -Italy’s Treasury is open to reducing its 64% stake in Monte dei Paschi di Siena (MPS) through one or more share sales on the market, three people briefed on the matter told Reuters. Such an option, however, would only be considered if financially advantageous and as long…
