NEW YORK (Reuters) – HSBC Holding plc is seeking to become a leading bank for venture capital firms and startups globally after building a large team of technology and healthcare bankers in the United States, Hong Kong and Israel, a senior executive said. The bank is already doing venture-type lending to startup companies in India…
By Caroline Valetkevitch NEW YORK (Reuters) – The U.S. dollar index bounced back on Friday from recent declines as Federal Reserve officials said the central bank may need to be more aggressive to deal with inflation, while the dollar hit a fresh six-year high against the yen. The U.S. dollar also was up 0.1% versus…
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Governor Christopher Waller said Thursday he’s not ready to call an all clear on U.S. inflation and favors more rate rises this year, saying the upcoming July meeting should bring an increase. “The robust strength of the labor market and the solid overall performance of the…
By David Shepardson WASHINGTON (Reuters) -The White House plans to host the chief executives of major U.S. companies including auto and tech sector firms on Wednesday to discuss President Joe Biden’s signature $1.75 trillion Build Back Better legislation. General Motors CEO Mary Barra, Ford Motor CEO Jim Farley, Salesforce co-CEO Marc Benioff, Microsoft President Brad…
By Leika Kihara and Jorgelina do Rosario WASHINGTON (Reuters) -Japan, India and France on Thursday announced a common platform for talks among bilateral creditors to coordinate restructuring of Sri Lanka’s debt, a move they hope would serve as a model for solving the debt woes of middle-income economies. It remains uncertain, however, whether Sri Lanka’s…
BEIJING (Reuters) -China’s export controls on some gallium and germanium products take effect on Tuesday, with traders braced for a drop in international supply in August and September while exporters sort out newly required permits. China, the world’s top supplier of the two minor metals used to make semiconductors, announced restrictions on the exports of…
By John Kruzel WASHINGTON (Reuters) -U.S. Senate Democrats on Thursday advanced a bill that would mandate a binding ethics code for the Supreme Court after revelations that some conservative justices failed to disclose luxury trips and real estate transactions, though Republican opposition means it has little chance of becoming law. The Democratic-led Senate Judiciary Committee…
By David Randall NEW YORK (Reuters) – Investors are awaiting earnings reports from consumer discretionary companies in coming weeks for a read on how the U.S. economy is faring amid persistently high inflation and the Federal Reserve’s most aggressive rate hiking cycle since the 1980s. Consumers have largely held strong over the last year even…
BERLIN (Reuters) – German airline Lufthansa is on course for a record year, even as it has fewer flights than originally planned this year, CEO Carsten Spohr told Focus news magazine on Friday. “The average profit per passenger this year is 15 euros ($16.51),” he said, adding that the airline is now growing significantly again…
VIENNA (Reuters) – There is “a great deal of uncertainty” over how long inflation will remain well above the European Central Bank’s target of around 2%, ECB Governing Council member Robert Holzmann said in an interview with newspaper Die Presse published on Sunday. The ECB has long held the view that inflation will decline this…
