By Patricia Zengerle and Simon Lewis WASHINGTON (Reuters) -The leaders of the U.S. House of Representatives Foreign Affairs Committee on Tuesday privately viewed a classified cable related to the August 2021 U.S. withdrawal from Afghanistan, as the panel’s Republican chairperson and State Department grapple over providing access to the document. Representatives Michael McCaul, the panel’s…
By Chris Prentice NEW YORK (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Tuesday said it obtained an order to shut down an alleged Ponzi-like scheme run by two individuals who raised nearly $62 million from investors for a sham cannabis business. Since at least June 2019, Rolf Max Hirschmann and Patrick Earl…
By Shariq Khan BENGALURU (Reuters) -Oil prices rose on Tuesday on forecasts for a tighter gasoline market and a warning from the Saudi energy minister to speculators that raised the prospect of further OPEC+ output cuts. Brent crude futures rose 85 cents, or 1.1%, to settle at $76.84 a barrel, while the U.S. West Texas…
By Chris Prentice and Alun John NEW YORK/LONDON (Reuters) -Global equities retreated and benchmark U.S. Treasury yields eased off two-month highs on Tuesday as talks over the U.S. debt ceiling continued without resolution. Hawkish comments from Federal Reserve officials about the possibility of further rate hikes sent the U.S. dollar to a two-month high. Oil…
By Andrew Goudsward (Reuters) – A U.S. appeals court on Tuesday upheld an admissions policy aimed at diversifying a highly selective Virginia high school, rejecting arguments that it discriminated against Asian-American students. The Richmond-based 4th Circuit U.S. Court of Appeals ruled that the Fairfax County School Board did not intend to discriminate against Asian-Americans when…
By Jonathan Stempel NEW YORK (Reuters) -JPMorgan Chase & Co on Tuesday sought to shift blame for failing to snuff out sex crimes committed by the late Jeffrey Epstein, accusing the U.S. Virgin Islands of harboring and shielding the disgraced financier as he abused young women and girls over two decades. The largest U.S. bank…
By Echo Wang and Michael Martina NEW YORK (Reuters) -China’s new ambassador to Washington Xie Feng said on Tuesday that he will seek to enhance China-U.S. cooperation, but that relations face serious challenges. “I have come here to safeguard China’s interest. This is my sacred responsibility,” Xie told reporters after landing at New York City’s John…
By David Shepardson WASHINGTON (Reuters) -California has asked the Biden administration to approve its plan to require all new vehicles sold in the state by 2035 to be either electric or plug-in electric hybrids, a landmark move that could speed the end of gasoline-powered vehicles, according to a letter seen by Reuters. The California Air…
By Karen Brettell and Saqib Iqbal Ahmed NEW YORK (Reuters) – The U.S. dollar hit a two-month high against a basket of currencies on Tuesday as a lack of progress in talks over increasing the U.S. debt limit hurt investors’ appetite for risk-taking. Representatives of President Joe Biden and congressional Republicans ended another round of…
By David Morgan, Steve Holland and Richard Cowan WASHINGTON (Reuters) – Representatives of President Joe Biden and congressional Republicans ended another round of debt ceiling talks on Tuesday with no signs of progress as the deadline to raise the government’s $31.4 trillion borrowing limit or risk default ticked closer. The two parties remain deeply…
