Biden administration OKs boost in Chinese airline flights to US
By David Shepardson WASHINGTON (Reuters) -The United States will allow Chinese airlines to increase U.S. passenger services to 12 weekly round-trips, the…
Economy
White House report: Debt limit default could cost 8.3 million U.S. jobs
(Reuters) – A protracted default on U.S. payment obligations could result in the loss of 8.3 million jobs and a…
RBA to hike rates further this year, say economists in snap poll
By Devayani Sathyan BENGALURU (Reuters) -Australia’s central bank will likely deliver one more 25-basis-point interest rate increase by end-September to…
Fed raises rates, opens door to pause in tightening cycle
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – The Federal Reserve moved its management of the post-pandemic economic recovery…
Biden expected to nominate Jefferson as next Federal Reserve vice chair -sources
WASHINGTON (Reuters) -U.S. President Joe Biden is expected to nominate Federal Reserve Governor Philip Jefferson as the next vice chair,…
Wall Street ends down on nagging uncertainty about Fed rate path
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended lower on Wednesday, reversing gains after comments by Federal Reserve…
Ex-OpenSea manager convicted in NFT insider trading case
By Luc Cohen NEW YORK (Reuters) – A former product manager at non-fungible token (NFT) marketplace OpenSea was convicted on…
Carl Icahn’s empire loses $6 billion in a day after short seller report
By Niket Nishant and David French (Reuters) -Carl Icahn’s empire took another hit on Wednesday when his holding company’s shares…
China’s AI industry barely slowed by US chip export rules
By Stephen Nellis, Josh Ye and Jane Lanhee Lee (Reuters) -U.S. microchip export controls imposed last year to freeze China’s…
Marketmind: Fed eyes pause, market bets on pivot
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The Fed on…