US Inflation Reduction Act ‘super aggressive,’ Macron tells lawmakers

US Inflation Reduction Act ‘super aggressive,’ Macron tells lawmakers

WASHINGTON, Nov 30 (Reuters) – French President Emmanuel Macron addressed US lawmakers from both political parties on Wednesday and pushed back on new American subsidies that are riling European leaders, according to a participant in a closed-door meeting. Macron arrived in Washington on Tuesday for his second state visit to the United States since taking … Read more

Fed’s Powell: Rate hikes to slow, but adjustment just beginning

Nov 30 (Reuters) – Federal Reserve Chair Jerome Powell on Wednesday said it was time to slow the pace of coming interest rate hikes while also signaling a prolonged economic adjustment to a world where borrowing costs will remain high, inflation comes down slowly and the United States remain chronically short of workers. In an … Read more

Exclusive: South Korea’s Yoon warns of unprecedented response to North Korea nuclear test, calls on China to do more

SEOUL, Nov 29 (Reuters) – South Korean President Yoon Suk-yeol warned of an unprecedented joint response with allies if North Korea goes ahead with a nuclear test, and urged China to help dissuade the North from pursuing banned development of nuclear weapons and missiles. . In a wide-ranging interview with Reuters on Monday, Yoon called … Read more

The yuan’s the new dollar as Russia rides to the redback

Russia turns to the Chinese currency amid sanctions Moscow becomes No.4 offshore trading center for yuan Yuan’s share of Russian FX market jumps from 1% to 45% Russian central bank supports the trend but warns of risks This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW/SHANGHAI, … Read more

Exclusive: US, Russia have used their military hotline once so far during Ukraine war

WASHINGTON, Nov 28 (Reuters) – A communications line created between the militaries of the United States and Russia at the start of Moscow’s war against Ukraine has been used only once so far, a US official told Reuters. The official, who spoke on condition of anonymity, said that the United States initiated a call through … Read more

Exclusive: US weighs sending 100-mile strike weapon to Ukraine

WASHINGTON, Nov 28 (Reuters) – The Pentagon is considering a Boeing proposal to supply Ukraine with cheap, small precision bombs fitted onto abundantly available rockets, allowing Kyiv to strike far behind Russian lines as the West struggles to meet demand for more arms. US and allied military inventories are shrinking, and Ukraine faces an increasing … Read more

Chevron can resume key role in Venezuela’s oil output, exports

WASHINGTON/HOUSTON, Nov 26 (Reuters) – Chevron Corp on Saturday received a US license allowing the second-largest US oil company to expand its production in Venezuela and bring the South American country’s crude oil to the United States. The decision grants broader rights for the last big US oil company still operating in US-sanctioned Venezuela. However, … Read more

Reality ends some Qatari dreams of World Cup rental bonanza

Agency says Qatar hotel group demanded new payments Some rates reduced, but many properties empty Broker says some landlords sought unrealistic rents DOHA, Nov 25 (Reuters) – Qatar has found itself with an unexpected glut of rooms in the World Cup’s busy group stage, with online portals showing rooms in at least 42 hotels and … Read more

US prepared to authorize Chevron to boost Venezuela’s oil output

US ready to allow oil giant to produce, sell Venezuelan oil Chevron is owed billions in unpaid debts by state-run PDVSA US aims to shift Venezuelan oil sales from shadow firms HOUSTON, Nov 23 (Reuters) – Chevron Corp could soon win US approval to expand operations in Venezuela and resume trading its oil once the … Read more

US weekly jobless claims at 3-month high; equipment spending resilient

Weekly jobless claims increase from 17,000 to 240,000 Continuing claims rise 48,000 to 1.551 million Core capital goods orders rebounded 0.7% in October Shipments of core capital goods surge 1.3% WASHINGTON, Nov 23 (Reuters) – The number of Americans filing new claims for jobless benefits increased to a three-month high last week amid rising layoffs … Read more