By Andrew Chung WASHINGTON (Reuters) – The U.S. Supreme Court is set on Tuesday to hear arguments over a bid by Turkey’s state-owned lender Halkbank to avoid criminal charges in the United States for allegedly helping Iran evade economic sanctions. The justices are weighing Halkbank’s appeal of a lower court’s ruling in favor of the …
U.S. Supreme Court weighs Turkish lender Halkbank’s bid to avoid charges Read More »
By Jeff Mason WASHINGTON (Reuters) – This week’s revelations that U.S. President Joe Biden stored classified documents in his Delaware home from his time as vice president has caused a political headache for him and the Democratic party, just as he approaches a difficult re-election bid. Biden began 2023 buoyed by unexpectedly strong midterm election …
Biden documents bungle seen as political black eye before 2024 launch Read More »
By Samuel Indyk LONDON (Reuters) – Fund managers’ allocation to U.S. equities collapsed in January, with 39% saying they had an underweight position, the most since October 2005, a BofA survey of global investor views on Tuesday showed. Global growth optimism hit a one-year high, while inflation expectations have peaked, according to the global Fund …
Fund manager allocation to U.S. stocks in January collapses – BofA survey Read More »
LONDON (Reuters) – The bosses of global investor Fidelity International and accountancy giant EY have voiced concerns about a fracturing of relations between the U.S. and China, speaking at the World Economic Forum in Davos on Tuesday. Anne Richards, CEO of the $610 billion money manager Fidelity International, put her level of worry about a …
U.S.-China friction stokes concern among some top finance bosses Read More »
By Andrew Hay (Reuters) – New Mexico towns would be prohibited from restricting access to abortion under legislation proposed on Friday by Democratic lawmakers in a state where the procedure remains legal after Roe v. Wade was struck down. The move comes after a New Mexico town near the Texas border passed an ordinance designed …
By Wladimiro Pantaleone PALERMO, Italy (Reuters) -Italy’s most wanted mafia boss, Matteo Messina Denaro, was arrested by armed police at a private hospital in Sicily on Monday, where the man who has been on the run since 1993 was being treated for cancer. Nicknamed “Diabolik” and “‘U Siccu” (The Skinny One), Messina Denaro had been …
After 30 years, Italy arrests mafia boss Messina Denaro at Sicilian hospital Read More »
BEIJING (Reuters) – China’s industrial output grew at a modest 1.3% pace last month year-on-year, official data showed on Tuesday, easing from a 2.2% rise in November, as manufacturing activity was hit by the rampant spread of COVID infections that bound workers indoors. The growth rate was stronger than a 0.2% expansion analysts had forecast …
China Dec industrial output up 1.3%, retail sales down 1.8% Read More »
BEIJING (Reuters) – China’s economy hit a bump in the fourth quarter, growing by 2.9% year-on-year, National Bureau of Statistics data showed on Tuesday, beating expectations but still underlining the toll exacted by a stringent “zero-COVID” policy. Gross domestic product (GDP) had been forecast to expand 1.8% from a year earlier, according to a Reuters …
China’s Q4 growth slows to 2.9% y/y, beats expectations Read More »
By Jasper Ward (Reuters) – The Bahamas detained an increasing number of sea-borne Cuban migrants in 2022 compared with 2021, according to figures released to Reuters, as an economic crisis triggered an exodus from the Communist-run island. The Royal Bahamas Defense Force (RBDF) apprehended 623 Cuban migrants in 2022 compared with 17 the year before, …
Bahamas interception of sea-borne Cuban migrants jumps in 2022 Read More »
By Trevor Hunnicutt WASHINGTON (Reuters) – U.S. President Joe Biden marked the Martin Luther King Jr. holiday on Monday by adopting a fighting stance against proposals floated by Republicans who control the House, dismissing some as “fiscally demented.” Gearing up for an expected announcement in the weeks ahead that he will run for a second, …
At MLK event, Biden courts Black vote and bashes Republicans Read More »
