(This July 3 story has been corrected to fix the name of China’s ambassador to Feng, not Fang, in paragraph 1) WASHINGTON (Reuters) – U.S. Secretary of Treasury Janet Yellen and Xie Feng, China’s ambassador to the United States, met on Monday ahead of Yellen’s scheduled visit to Beijing this week, according to a statement…
(Reuters) -China will control exports of some metals used in the semiconductor industry, ramping up a technology war with the United States and potentially causing more disruption to global supply chains. Here’s what people are saying about the measure: LUCY CHEN, VICE PRESIDENT AT TAIPEI-BASED ISAIAH RESEARCH: “We believe that gallium and germanium are indeed…
(Reuters) – The United States has condemned vandalism against the Indian consulate in the city of San Francisco, a State Department spokesman said, after a report of a protest at the mission by supporters of a separate state for the Sikh community. Sikh separatists tried to set fire to the consulate on the weekend, Reuters…
SEOUL (Reuters) – South Korea’s Samsung Biologics announced on Tuesday two deals with Pfizer worth around a combined 1.2 trillion won ($921.38 million) to manufacture products for the U.S. pharmaceutical giant. The latest deals will see the biotech division of the Samsung Group produce biosimilar products ranging from oncology and inflammation to immunotherapy in the…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. manufacturing slumped further in June, reaching levels last seen when the nation was reeling from the initial wave of the COVID-19 pandemic, but price pressures at the factory gate continued to deflate, a silver lining for the economy. Shrinking activity left factories resorting to layoffs, the survey from…
By Daniel Wiessner (Reuters) -Three civil rights groups filed a complaint against Harvard on Monday, claiming its preferential policy for undergraduate applicants with family ties to the elite school overwhelmingly benefits white students, days after the U.S. Supreme Court struck down its race-conscious admissions policies. The groups filed a complaint with the U.S. Department of…
(Reuters) – Russia’s only aircraft carrier, the Admiral Kuznetsov, which has suffered a series of repair delays, may re-enter service by the end of next year, the country’s TASS state news agency reported on Tuesday. The ship, launched in 1985, had been due to undergo a refit that would have seen it operational in 2023….
(Reuters) – A blank-check firm, which was set to merge with former U.S. President Donald Trump’s media company and under regulatory investigation, has reached an agreement with the staff of the Securities and Exchange Commission, a filing showed on Monday. The special purpose acquisition company (SPAC), Digital World Acquisition Corp, said in the filing that…
SYDNEY (Reuters) – Australian investment firm Allegro Funds said on Tuesday it would set up an independent board to oversee PwC Australia’s government practice business, which it bought last month, and committed A$100 million ($67 million) for transition costs. PwC Australia on June 25 entered an exclusivity agreement with Allegro to sell its government practice…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The Reserve Bank of Australia takes center stage on Tuesday, with the consensus view of economist marginally tipping toward expecting a 25 basis point increase in the benchmark cash to a 12-year high of 4.35%….
