(Reuters) – U.S. Commerce Secretary Gina Raimondo raised concerns about Chinese actions against U.S. firms operating in China with Chinese Minister of Commerce Wang Wentao during a meeting on Thursday in Washington, according to a U.S. readout. “The two had candid and substantive discussions on issues relating to the U.S.-China commercial relationship, including the overall…
(Reuters) – Fitch has placed the ratings of U.S. mortgage finance giants Fannie Mae and Freddie Mac on watch for a possible downgrade as U.S. lawmakers’ negotiations to raise the government’s debt ceiling dragged on without a resolution. This comes after the ratings agency on Wednesday had warned that the U.S. credit rating could be…
(Reuters) -The U.S. on Thursday held its first sale of oil and gas drilling rights on federal lands since passage of President Joe Biden’s landmark climate change law, attracting more than $78 million in high bids for leases in New Mexico and Kansas. The federal auction was just the second to be held in New…
TAIPEI (Reuters) -Software problems are delaying the delivery to Taiwan of 66 advanced new F-16V fighter jets from the United States but the island still expects the full order to arrive by 2026, Defence Minister Chiu Kuo-cheng said on Thursday. The United States in 2019 approved an $8 billion sale of Lockheed Martin Corp F-16…
By Pavel Polityuk KYIV (Reuters) -Russia’s Wagner private army started handing over its positions in Bakhmut to regular Russian troops on Thursday, five days after declaring full control of the devastated eastern Ukrainian city following the longest and bloodiest battle of the war. Moscow says capturing Bakhmut opens the way to advances in the eastern…
By David Lawder DETROIT (Reuters) – U.S. Trade Representative Katherine Tai on Thursday called on Asia Pacific Economic Cooperation (APEC) trade ministers to “think creatively” for solutions to overcome a host of challenges from fragile supply chains, a worsening climate crisis and growing inequality. Launching a two-day meeting of the ministers under a cloud of…
By Patricia Zengerle WASHINGTON (Reuters) – A Republican senator’s hold on military nominations will apply to Democratic President Joe Biden’s selection of Air Force chief General Charles Q. Brown as the country’s top military officer, who was chosen amid mounting U.S. concern over security threats from Russia and China. A spokesman for Senator Tommy Tuberville…
WASHINGTON (Reuters) -Praising his leadership and even his culinary skills, President Joe Biden on Thursday formally announced his nomination of Air Force chief General Charles Q. Brown as the top U.S. military officer, making the choice at a time of mounting American concern over security threats posed by Russia and China. “General Brown has built…
By Karen Freifeld WASHINGTON (Reuters) – A top U.S. lawmaker on Thursday asked for more detail on the Biden administration’s proposed executive order on U.S. investments in China, questioning whether the planned restrictions would be effective. Republican U.S. Representative Patrick McHenry, chair of the House of Representatives Committee on Financial Services, sent a letter to…
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve emergency lending to banks fell in the latest week to its lowest level since the banking sector ran into trouble in March. Lending to banks via the central bank’s discount window, its main tool to provide liquidity to deposit taking banks, hit $4.2 billion on…
