(Reuters) – Minneapolis Fed President Neel Kashkari said that he could support holding interest rates steady at the central bank’s next meeting in June to give officials more time to assess the effects of past rate increases and the inflation outlook, the Wall Street Journal said on Sunday. “I’m open to the idea that we…
By Andrea Shalal and Susan Heavey WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen on Sunday said June 1 remains a “hard deadline” for raising the federal debt limit, with the odds quite low that the government will collect enough revenue to bridge to June 15, when more tax receipts are due. Yellen, speaking on NBC’s…
BEIJING (Reuters) -China’s cyberspace regulator said on Sunday that products made by U.S. memory chip manufacturer Micron Technology had failed its network security review and that it would bar operators of key infrastructure from procuring from the firm. “The review found that Micron’s products have serious network security risks, which pose significant security risks to…
BEIJING (Reuters) – China’s cyberspace regulator said on Sunday its review has found that US Micron Technology’s products have serious network security problems, causing risks to China’s information infrastructure. The regulator said Chinese operators of critical information infrastructure should stop purchasing Micron’s products. (Reporting by Kevin Yao;Editing by Elaine Hardcastle)
MUMBAI (Reuters) – Private equity giant Blackstone Inc said it has fully acquired the jewellery certification firm International Gemological Institute (IGI) from China’s Fosun and the company’s founding family. Blackstone acquired IGI- whose majority revenue and profits come from India- for about $530 million, said a person with direct knowledge of the matter. The statement…
By Trevor Hunnicutt and Andrea Shalal HIROSHIMA, Japan/WASHINGTON (Reuters) -U.S. President Joe Biden said on Sunday he plans to speak with top congressional Republican Kevin McCarthy on Sunday as part of increasingly last-minute talks over raising the federal $31.4 trillion debt ceiling. Biden, traveling in Japan for the Group of Seven (G7) summit, sought the…
By Kate Holton and Paul Sandle LONDON (Reuters) – When Vodafone named Margherita Della Valle as CEO last month, investors adopted a wait-and-see approach to whether the company veteran was the right person to jolt it out of a deep malaise. Within weeks, Della Valle gave them a stark assessment of the problems Vodafone faces….
By Katya Golubkova and Sakura Murakami HIROSHIMA, Japan (Reuters) – The International Energy Agency (IEA) does not expect moves by the Group of Seven nations to counter the evasion of price caps on Russian energy will change the supply situation for crude oil and oil products, the IEA’s Executive Director Fatih Birol said. The G7,…
By Trevor Hunnicutt HIROSHIMA, Japan (Reuters) – U.S. President Joe Biden and top congressional Republican Kevin McCarthy could speak as soon as Sunday in talks over raising the federal $31.4 trillion debt ceiling. Biden, who is traveling in Japan for the Group of Seven (G7) summit, sought the call after his negotiating team briefed him…
SYDNEY (Reuters) – Australian Prime Minister Anthony Albanese said on Sunday that he backed a Group of Seven (G7) joint statement out of Japan stressing the need to ease reliance on trade with China. The G7 rich nations, which increasingly see China as a economic security threat, on Saturday issued a communique from the city…
