By Andrew Chung and John Kruzel WASHINGTON (Reuters) -U.S. Supreme Court justices on Wednesday appeared sympathetic toward a 94-year-old woman in her battle with a Minnesota county government that sold her condominium to cover her unpaid taxes and kept the proceeds beyond the sum she owed in a case testing constitutional checks on excessive fines…
By Chen Lin SINGAPORE (Reuters) -Singapore raised taxes on private property purchases in a surprise move late on Wednesday night that includes a doubling of stamp duties for foreigners to an eye-watering 60%. Authorities in Singapore, where real estate is a safe haven investment for wealthy foreigners, keep close tabs on property prices to ensure…
By Tatiana Bautzer DALLAS (Reuters) -A Goldman Sachs Group Inc shareholder criticized its Chairman and CEO David Solomon on Wednesday at the bank’s annual meeting and proposed its board appoint an independent chairman. The proposal, along with eight others put forward by shareholders, failed after receiving the support of 16% of stock holders who voted….
By Anna Tong, Alexandra Ulmer and Jeffrey Dastin SAN FRANCISCO (Reuters) – Tech billionaire and Republican megadonor Peter Thiel, an early backer of former President Donald Trump who later broke with him, has told associates he is not planning to donate to any political candidates in 2024, according to two people close to the businessman….
By David Shepardson WASHINGTON (Reuters) -The chair of the Senate Intelligence Committee on Wednesday urged CEOs of several artificial intelligence (AI) companies to prioritize security measures, combat bias, and responsibly roll out new technologies. Democratic Senator Mark Warner raised concerns about potential risks posed by AI technology. “Beyond industry commitments, however, it is also clear…
By Leah Douglas WASHINGTON (Reuters) – The Biden administration said on Wednesday the plan from U.S. Republican lawmakers to cut federal spending for a decade in exchange for raising the debt ceiling would cost rural communities thousands of jobs and billions of dollars. The House of Representatives could vote as soon as Wednesday on the…
LONDON (Reuters) – Bank stress will likely be limited to a small number of banks but lead to tighter lending conditions and a pick-up in corporate defaults, a Bank of America April credit investor survey released on Wednesday showed. The gap between high-yield bonds and government debt has tightened on 63% of days so far…
By Daniel Wiessner (Reuters) – Uber Technologies Inc drivers are not exempt from a U.S. law requiring them to bring work-related legal disputes in private arbitration rather than joining class action lawsuits in court, a U.S. appeals court ruled on Wednesday. A panel of the Philadelphia-based 3rd U.S. Circuit Court of Appeals said that Uber…
By Karin Strohecker and Jorgelina do Rosario LONDON (Reuters) -Some investors of Ghana’s 2030 Eurobond have received coupon payments which had been due on April 14, a source with direct knowledge of the matter said on Wednesday. The government announced it would default on some its external debt in December and has not made payments…
(Reuters) – Argentina’s peso strengthened in parallel markets on Wednesday, with the black market rate still not far from 500 per dollar and analysts were looking at the government’s economic policy options and uncertainty building ahead of elections in October. Calls for a devaluation that would send the 222 pesos per dollar official rate closer…
