Updated

Indonesia’s Pertamina Geothermal tightens price in IPO worth up to $611 million

(This Feb.3 story has been refiled to correct the spelling of brokerage in paragraph 7) By Scott Murdoch and Yantoultra Ngui SYDNEY/SINGAPORE (Reuters) – Indonesia’s Pertamina Geothermal Energy, a unit of state energy company Pertamina, has narrowed the price range for its initial public offering, according to a term sheet seen by Reuters on Friday. …

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China slams U.S. for blacklisting six Chinese entities

BEIJING (Reuters) -China resolutely opposes Washington adding six Chinese entities to its trade blacklist after a Chinese balloon was detected over the United States last week and shot down, China’s commerce ministry said on Tuesday. “China hopes the U.S. will stop unreasonable suppression of Chinese enterprises, and will take necessary measures to resolutely safeguard legitimate …

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Biden taps Brainard, Bernstein to lead economic team, braces for debt ceiling fight

By Andrea Shalal, Steve Holland and Lindsay Dunsmuir (Reuters) -President Joe Biden on Tuesday picked Federal Reserve Vice Chair Lael Brainard and White House economist Jared Bernstein as his top economic advisers, part of a fresh push by the Democratic president to convince skeptical Americans his economic policies are working. The decision, announced after financial …

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Nikki Haley takes on Donald Trump for 2024 U.S. Republican nomination

By Steve Holland and Andy Sullivan WASHINGTON (Reuters) -Former U.S. ambassador to the United Nations Nikki Haley on Tuesday kicked off her campaign for the 2024 Republican presidential nomination, challenging her former boss Donald Trump, who holds a strong lead in a new Reuters/Ipsos poll. “It’s time for a new generation of leadership,” Haley said …

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Nine survivors pulled from Turkey’s rubble as earthquake death toll passes 40,000

By Ali Kucukgocmen and Clodagh Kilcoyne ANTAKYA, Turkey (Reuters) -Nine survivors were rescued from the rubble in Turkey on Tuesday, more than a week after a massive earthquake struck, as the focus of the aid effort shifted to helping people now struggling without shelter or enough food in the bitter cold. The disaster, with a …

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Wall Street ends mixed as inflation data supports rate worries

By Johann M Cherian and Noel Randewich (Reuters) – Wall Street stocks ended mixed on Tuesday after U.S. consumer price data for January offered little to change expectations about the Federal Reserve’s path forward on interest rate hikes. U.S. consumer prices accelerated as Americans continued to be burdened by higher rental housing costs, suggesting that …

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Stocks, dollar make little progress, after U.S. inflation data

By Sinéad Carew (Reuters) – The S&P 500 ended Tuesday’s volatile session slightly lower while the dollar was barely higher on Tuesday after data showed U.S. consumer inflation stayed sticky in January, pushing out expectations for a Federal Reserve rate-hiking pause. While Wall Street’s equity indexes swayed between positive and negative territory during the session, …

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Bernstein, Biden’s chief economist pick, big backer of ‘worker power’

By Andrea Shalal WASHINGTON (Reuters) -U.S. President Joe Biden on Tuesday said he would nominate trusted confidante and long-time economic adviser Jared Bernstein to head the White House Council of Economic Advisers (CEA), part of a shakeup ahead of an expected 2024 campaign. Bernstein, 68, is one of three senior economists on the council and …

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