(Reuters) -American International Group Inc said on Wednesday its subsidiary, AIG Financial Products (FP), had filed for Chapter 11 bankruptcy protection to complete the wind down of a business unit …
Reuters
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Business News
U.S., UK export controls hit China’s access to Arm’s chip designs -FT
by Reutersby Reuters(Reuters) – Chinese tech giant Alibaba Group Holding Ltd cannot buy some of the most advanced chip designs after the SoftBank-owned British chip tech firm Arm Ltd determined that U.S. …
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(Reuters) -Homebuilder Lennar Corp on Wednesday forecast a slowdown in new orders for the first quarter as high mortgage rates make properties unaffordable for some buyers. The company’s shares were …
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By Ann Saphir WASHINGTON (Reuters) – Federal Reserve policymakers expect to raise U.S. interest rates further, and keep them high for longer, than they had earlier anticipated, signaling Wednesday that …
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By Michelle Nichols UNITED NATIONS (Reuters) -Iran was ousted from a United Nations women’s group on Wednesday for policies contrary to the rights of women and girls, a move proposed …
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NEW YORK (Reuters) – Charges brought by U.S. prosecutors against Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, on Tuesday were among the highest-profile brought against a crypto player. It …
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Business News
South Korea authorities to continue efforts to stabilise markets -finance minister
by Reutersby ReutersSEOUL (Reuters) – South Korea’s finance minister said on Thursday that local financial markets have comparably stabilised recently, while reaffirming that authorities will continue to take measures for the markets …
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US and World News
Police testify about attack on U.S. House Speaker Pelosi’s husband
by Reutersby ReutersBy Kanishka Singh (Reuters) -A San Francisco police officer testified on Wednesday that he witnessed the attack on U.S. House of Representatives Speaker Nancy Pelosi’s husband when the suspect in …
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Business News
Fed’s Powell says inflation data received in Oct and Nov shows ‘welcome reduction’
by Reutersby ReutersBy Michael S. Derby WASHINGTON (Reuters) – Federal Reserve Chairman Jerome Powell said on Wednesday that recent data showing lower price pressures is not enough for the central bank to …
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Business News
Securities trader charged in New York with front-running employer’s trades
by Reutersby Reuters(Reuters) -An equities trader at a large U.S. asset manager was criminally charged with using information about his employer’s trades to make tens of millions of dollars in an insider …
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Business News
Warner Bros Discovery expects $1 billion more in scrapped content charges
by Reutersby Reuters(Reuters) – Warner Bros Discovery Inc on Wednesday raised its expectations of costs related to content write-offs by $1 billion and said the charges could now reach up to $3.5 …
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By Michael S. Derby WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell, leading a central bank faced with the swiftest rise in consumer prices in decades, ruled out on Wednesday …
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US and World News
Boston student arrested after threatening pro-China democracy activist
by Reutersby ReutersBy Nate Raymond BOSTON (Reuters) – U.S. prosecutors said on Wednesday a Chinese citizen attending the Berklee College of Music in Boston stalked and harassed an activist who posted fliers …
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Business News
U.S. authorities charge 8 social media influencers in securities fraud scheme
by Reutersby ReutersWASHINGTON (Reuters) -U.S. prosecutors on Wednesday said they have charged eight individuals in a securities fraud scheme, alleging they reaped about $114 million from by using Twitter and Discord to …
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By Brendan O’Brien and Dan Whitcomb (Reuters) -The bodies of a mother and her young son were recovered on Wednesday hours after a tornado destroyed their home as it ripped …
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By Daniel Wiessner (Reuters) – The agency that enforces U.S. labor laws on Wednesday made it easier for unions to organize small groups of a company’s workforce, which could give …
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Business News
Big Tech gets preview of questions U.S. House Republicans want answered
by Reutersby ReutersBy Diane Bartz WASHINGTON (Reuters) – Representative Jim Jordan, who will chair the House Judiciary Committee next Congress, gave a hint of what is to come with letters sent to …
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Business News
Petrobras shares dive on Brazil vote to ease rules on politicians running state firms
by Reutersby ReutersSAO PAULO (Reuters) – Brazil’s lower house of Congress voted late on Tuesday to make it easier for politicians to take roles at state-run firms, hammering shares of the state-run …
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US and World News
Soccer-Paris celebrates win after high-stakes World Cup clash with Morocco
by Reutersby ReutersBy Sybille de La Hamaide and Clotaire Achi PARIS (Reuters) -Supporters poured into Paris’s freezing Champs-Elysees boulevard on Wednesday after a World Cup semi-final between France and Morocco which for …
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By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. It’s a U.S.-Sino, one-two punch for Asian markets on Thursday, as they react …
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Business News
Brazil’s next Finance Minister Haddad says fiscal expansion won’t help the economy now
by Reutersby ReutersBy Marcela Ayres BRASILIA (Reuters) -Brazil’s incoming Finance Minister Fernando Haddad on Wednesday said fiscal expansion would not help the economy at the moment and the government needs to organize …
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US and World News
China Meheco to distribute Pfizer’s COVID treatment in China
by Reutersby ReutersHONG KONG (Reuters) – China Meheco Group Co Ltd said on Wednesday it signed an agreement with Pfizer Inc to import and distribute the U.S. drugmaker’s oral COVID-19 treatment Paxlovid …
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US and World News
Deforestation in Brazil’s Cerrado savanna hits seven-year high
by Reutersby ReutersBy Jake Spring and Gloria Dickie SAO PAULO/MONTREAL (Reuters) -Deforestation in Brazil’s Cerrado savanna rose to a seven-year high, government data showed on Wednesday, destroying a vital habitat for threatened …
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US and World News
U.S. ready to help China on COVID-19 surge if Beijing asks – White House
by Reutersby ReutersWASHINGTON (Reuters) – The United States is prepared to help China deal with a surge of COVID-19 infections if Beijing requests assistance, the White House said on Wednesday. John Kirby, …
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NEW YORK (Reuters) – The U.S. Securities and Exchange Commission on Wednesday voted in favor of proposing some of the biggest changes to the structure of American equity markets in …