By Karen Lema MANILA (Reuters) – The Asian Development Bank cut its growth forecasts for developing Asia for this year and next as the region faces persistent headwinds from the …
Reuters
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Business News
Glennmont Partners enters U.S. renewables market with solar joint venture
by Reutersby ReutersBy Nina Chestney LONDON (Reuters) – Europe-based renewable energy investor Glennmont Partners plans to enter the U.S. renewables market for the first time via a joint venture with solar developer …
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Column-In the SEC’s suit against Bankman-Fried, what about the customers?: Frankel
by Reutersby ReutersBy Alison Frankel (Reuters) – Federal prosecutors and regulators from the U.S. Securities and Exchange Commission and U.S. Commodity Futures Trading Commission all told a similar story on Tuesday about …
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US and World News
Explainer-Sam Bankman-Fried: Who is FTX’s founder and why was he arrested?
by Reutersby ReutersBy Hannah Lang and Tom Hals (Reuters) – FTX founder Sam Bankman-Fried was arrested in the Bahamas on Monday and charged by the U.S. Department of Justice on Tuesday with …
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WASHINGTON (Reuters) – The U.S. House of Representatives’ Rules Committee will begin the process of funding the federal government for one additional week, the panel’s chair said on Tuesday. Representative …
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Business News
U.S. trade chief Tai says African trade program needs to foster more investment
by Reutersby ReutersBy David Lawder WASHINGTON (Reuters) -The duty-free access for nearly 40 African countries in a 22-year-old U.S. trade program is no longer enough to boost their development and a focus …
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Dutch chip equipment maker ASML’s CEO questions U.S. export rules on China -newspaper
by Reutersby ReutersAMSTERDAM (Reuters) -The chief executive of ASML Holding NV, the Dutch semiconductor equipment maker, on Tuesday questioned whether a U.S. push to get the Netherlands to adopt new rules restricting …
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U.S. inflation subsiding as consumer prices rise moderately in boost to economy
by Reutersby ReutersBy Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices rose less than expected for a second straight month in November amid decreases in the costs of gasoline and healthcare as …
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Chinese leaders to signal more stimulus for 2023 as COVID clouds outlook
by Reutersby ReutersBy Kevin Yao BEIJING (Reuters) -When China’s leaders gather this month to set next year’s economic agenda, they will likely map out more stimulus steps, eager to underpin growth and …
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US and World News
Danske Bank pleads guilty to resolve long-running Estonia money-laundering probe
by Reutersby ReutersBy Sarah N. Lynch WASHINGTON (Reuters) -Danske Bank pleaded guilty to bank fraud conspiracy on Tuesday and agreed to forfeit $2 billion as part of an agreement with the United …
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Microsoft says it offered FTC a consent decree on ‘Call of Duty’ games
by Reutersby Reuters(Reuters) -Microsoft President Brad Smith said on Tuesday the company had offered to sign a legally-binding consent decree with the U.S. Federal Trade Commission to provide “Call of Duty” games …
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Business News
Food inflation: Tight grain, oilseed supplies to keep prices elevated
by Reutersby ReutersBy Naveen Thukral SINGAPORE (Reuters) – Drought or too much rain, the war in Ukraine and high energy costs look set to curb global farm production again next year, tightening …
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US and World News
U.S. lab hits fusion milestone raising hopes for clean power
by Reutersby ReutersBy Timothy Gardner WASHINGTON (Reuters) -U.S. scientists on Tuesday revealed a breakthrough on fusion energy that could one day help curb climate change if companies can scale up the technology …
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US and World News
India reports injuries on both sides in minor border clash with China
by Reutersby ReutersBy Krishna N. Das and Sudipto Ganguly NEW DELHI (Reuters) -Indian troops prevented Chinese soldiers from entering Indian territory last week during a border scuffle that led to injuries on …
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By Jorgelina do Rosario LONDON (Reuters) – The executive board of the International Monetary Fund is not expected to formally approve Sri Lanka’s $2.9 billion bailout before year-end, a key …
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By Fergal Smith TORONTO (Reuters) – Canada’s main stock edged slightly higher on Tuesday as resource shares gained ground following U.S. inflation data that supported hopes the Federal Reserve could …
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US and World News
Breonna Taylor’s boyfriend settles lawsuits over botched police raid
by Reutersby Reuters(Reuters) – Louisville will pay $2 million to settle two lawsuits filed by the boyfriend of Breonna Taylor, a Black woman killed by police during a no-knock raid at her …
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By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Over to you Jay. Wall Street got the benign U.S. inflation report it …
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US and World News
Explainer-U.S. pandemic border entry limits on migrants due to end next week. Will they?
by Reutersby ReutersBy Ted Hesson WASHINGTON (Reuters) -Pandemic-era border restrictions that have blocked hundreds of thousands of migrants at the U.S.-Mexico border are set to end on Dec. 21 following a U.S. …
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By Rod Nickel and Arathy Somasekhar (Reuters) -Cleanup of the biggest U.S. oil spill in nearly a decade will take at least weeks more, local officials in Kansas said on …
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Business News
Wall St cautiously optimistic as easing inflation lifts hopes of smaller rate hike
by Reutersby ReutersBy Lawrence Delevingne (Reuters) -Wall Street stocks gained on Tuesday, while Treasury yields fell and the dollar weakened, as new U.S. government data showed the smallest annual increase in inflation …
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US and World News
U.S. close to providing Patriot missile defense system to Ukraine -officials
by Reutersby ReutersBy Idrees Ali and Phil Stewart WASHINGTON (Reuters) -The United States is finalizing plans to send the Patriot missile defense system to Ukraine, a decision that could be announced as …
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By Dan Peleschuk KYIV (Reuters) – Moldova’s new economy minister says he is mapping out long-term reforms and will slash bureaucracy to lay the foundations of a business-friendly economy and …
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US and World News
U.S. charges five Russians, two Americans with conspiracy on behalf of Russia
by Reutersby ReutersBy Kanishka Singh WASHINGTON (Reuters) -The United States on Tuesday unsealed a 16-count indictment charging five Russian nationals and two U.S. nationals with conspiracy related to a global procurement and …
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US and World News
Exclusive-Deforestation of Brazilian savanna surged some 25% in a year, sources say
by Reutersby ReutersBy Jake Spring SAO PAULO (Reuters) -Deforestation in the world’s most biologically diverse savanna, the Brazilian Cerrado, rose by around 25% in the 12 months through July from the previous …