Reuters USA

By Nelson Bocanegra BOGOTA (Reuters) – Colombia’s economy will have grown significantly for the second consecutive year in 2022, but expansion will slow sharply this year on high interest rates and persistent inflation, a Reuters survey showed on Thursday. The South American country’s gross domestic product will have grown 7.9% last year, according to the …

Colombia economy grew 7.9% in 2022, ahead of reduced growth this year: Reuters poll Read More »

(Reuters) – The Biden administration is poised to introduce new restrictions on U.S. companies funding the development of advanced computing technologies in China, the New York Times reported on Thursday. The U.S. last year published a sweeping set of export controls, including a measure to cut China off from certain semiconductor chips made anywhere in …

Biden plans to curb investment by U.S. firms in Chinese tech – NYT Read More »

WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits increased more than expected last week, but remained at levels consistent with a tight labor market. Initial claims for state unemployment benefits rose 13,000 to a seasonally adjusted 196,000 for the week ended Feb. 4, the Labor Department said on Thursday. Economists …

U.S. weekly jobless claims increase, labor market still tight Read More »

KYIV (Reuters) – Elon Musk’s SpaceX should choose sides between Ukraine and Russia, a senior Ukrainian official said on Thursday, after the company said it was curbing Kyiv’s use of Starlink internet devices for controlling drones. Gwynne Shotwell, president and chief operating officer of SpaceX, said on Wednesday the Starlink service – which has provided …

SpaceX should choose between Ukraine and Russia – Ukrainian official Read More »

(Reuters) – Lucid Group said on Thursday that customers will get a $7,500 credit on buying certain variants of the Air luxury electric car, revving up a price war started by market leader Tesla Inc. The battle has made it much more difficult for money-losing U.S. startups such as Rivian Automotive Inc and Lucid to …

Lucid joins Tesla-led EV price war with discounts on some Air models Read More »

By Patricia Zengerle WASHINGTON(Reuters) – Washington must commit more diplomatic and security resources to the Indo-Pacific to push back against China as Beijing seeks to create a regional sphere of influence and become the world’s most influential power, U.S. Senate Democrats said on Thursday. The majority Democratic staff of the Senate Foreign Relations Committee issued …

With eye on China, U.S. Democrats want more resources for Indo-Pacific Read More »

(Reuters) – Wall Street’s main stock indexes opened higher on Thursday as a slew of strong quarterly earnings and data showing a rise in weekly jobless claims outweighed concerns about the Federal Reserve’s rate-hike path. The Dow Jones Industrial Average rose 156.60 points, or 0.46%, at the open to 34,105.61. The S&P 500 opened higher …

Wall St opens higher on earnings optimism Read More »

WASHINGTON (Reuters) – Tight monetary policy is “unequivocally” slowing the U.S. economy, allowing the Federal Reserve to move “more deliberately” with any further interest rate increases, Richmond Fed President Thomas Barkin said on Thursday. “I’m confident that our foot is unequivocally on the brake,” Barkin said in a podcast posted to the Richmond Fed’s website. …

Fed’s foot ‘unequivocally’ on brake, sensible to move slower, Barkin says Read More »

By Priyamvada C (Reuters) -Hilton Worldwide Holdings Inc on Thursday missed its room growth expectations for 2022, pressured by a volatile COVID-19 environment in China, a key tourism market where hotel operators have struggled to expand last year. Hilton, which owns brands including Waldorf Astoria Hotels & Resorts, reported a net unit growth of 4.7% …

Hilton misses 2022 room growth view on China COVID curbs; Q4 profit jumps Read More »