By Josh Smith and Ju-min Park SEOUL (Reuters) – For the first time since the 1980s a U.S. Navy nuclear-armed ballistic missile submarine (SSBN) will visit South Korea to help demonstrate Washington’s resolve to protect the country from a North Korean attack. The visit was announced in a joint declaration during a summit between South…
TAIPEI (Reuters) – The billionaire founder of Taiwan’s Foxconn and presidential hopeful Terry Gou said on Thursday China does not want war with the island and would not attack if he become president as he would not declare independence. Tension between Taipei and Beijing has surged in the run-up to January’s presidential election in Taiwan,…
By Hannah Lang and Ann Saphir WASHINGTON/SAN FRANCISCO (Reuters) – Of all the facts that have emerged about last month’s two U.S. bank busts – the unanswered warning letters from regulators, the ignored interest-rate risk, the outsized levels of uninsured deposits – one data point in particular continues to stir deep-seated unease among finance officials:…
The failures of two large regional U.S. banks in mid-March blew a $22 billion hole in the nation’s deposit insurance fund and shook confidence in the global financial system. On Friday the banks’ regulators – the Federal Reserve and the Federal Deposit Insurance Corporation – will publish their accounts of what happened at both institutions,…
SYDNEY (Reuters) – Australia proposed on Thursday overhauling its immigration system to speed up getting highly skilled workers into the country and smoothening the path to permanent residency. The federal Labor government said the current system used to select skilled migrants – the points test – will be modified to identify people with the correct…
By Jeff Mason WASHINGTON (Reuters) – It turns out South Korean President Yoon Suk Yeol can sing. At the end of a festive dinner at the White House on Wednesday, President Joe Biden, first lady Jill Biden, President Yoon and his wife, Kim Keon Hee, moved from the East Room to the State Dining Room…
BEIJING (Reuters) -China’s job market remains tough, and it is becoming especially hard for college graduates to find jobs, vice Human Resources minister Yu Jiadong said on Thursday. China’s cabinet on Wednesday unveiled plans to boost employment, including supporting financial institutions to offer loans to small firms and issuing subsidies to firms that hire college…
By Tim Kelly TOKYO (Reuters) – Virginia Governor Glenn Youngkin did not rule out a run for president in 2024, saying on Thursday that he was “humbled” by the question of whether he would seek the Republican nomination. “I am humbled by your question to think that you would ask it of me when 40…
SAO PAULO (Reuters) – The head of Brazil’s lower house authorized on Wednesday the creation of a committee to investigate Americanas, the retailer at the center of a nearly $4 billion accounting scandal. Arthur Lira gave the green light to create the so-called CPI committee, which will include 27 federal lawmakers appointed by party leaders,…
(Reuters) – Former U.S. President Donald Trump has lost an appeal to block former Vice President Mike Pence from testifying in the special counsel probe into efforts to overturn the results of the 2020 presidential election, CNN reported on Wednesday. Earlier this month, Trump lawyers filed the appeal after a ruling related to the Justice…
