AA arghg! Stocks in debt ceiling risk zone after US rating warning

[1/2] The US Capitol is reflected in a diminishing pool amidst ongoing negotiations seeking a deal to raise the US debt ceiling and avoid a catastrophic default, in Washington, US, on May 24, 2023. REUTERS/Jonathan Ernst SINGAPORE (Reuters) – Markets were stuck in uncertainty about the U.S. debt ceiling on Thursday, while Europe largely ignored … Read more

Western intelligence has said that Chinese hackers are spying on critical US infrastructure

May 24 (Reuters) – Western intelligence agencies and Microsoft Corp said on Wednesday that a Chinese state-sponsored hacking group has been spying on a wide range of critical infrastructure organizations in the United States, from telecommunications to transportation hubs. Microsoft said in a report that espionage also targeted the US island of Guam, which includes … Read more

Russia and China sign economic agreements despite Western criticism

[1/6] Le Premier ministre russe Mikhaïl Michoustine et le premier chinois help Li Qiang a une cérémonie de signature à Pékin, en Chine. / Prize Photography: May 24, 2023 / Reuters / Thomas Peter BEIJING (Reuters) – Russia’s prime minister signed a raft of agreements with China on Wednesday during a trip to Beijing, describing … Read more

Markets are jittery about the uncertainty about the debt ceiling and rising US yields

[1/2] A trader works at the Frankfurt Stock Exchange amid the coronavirus disease (COVID-19) outbreak, in Frankfurt, Germany, December 30, 2020. REUTERS/Ralf Orlovsky Debt ceiling hopes are hanging Fed talk pushes US yields higher European stocks are down, and US futures are flat European PMI data shows that business growth has remained resilient SINGAPORE (Reuters) … Read more

Moody and Blinken meet Pacific Island leaders in Papua New Guinea

[1/2] Prime Minister of India Narendra Modi is greeted by Prime Minister of Papua New Guinea James Marape at Jackson International Airport, in Papua New Guinea on May 21, 2023. Papua New Guinea … Read more (Reuters) – Indian Prime Minister Narendra Modi pledged support to the Pacific islands at a summit in Papua New … Read more

Chinese President unveils the grand development plan for Central Asia

[1/6] Chinese President Xi Jinping speaks at the round table during the China-Central Asia Summit in Xi’an, Shaanxi Province, China, May 19, 2023. Mark Cristino/Pool via Reuters XIAN (Reuters) – Chinese President Xi Jinping on Friday unveiled a grand plan for the development of Central Asia, from building infrastructure to boosting trade, and assuming a … Read more

The dollar climbed to its highest level in seven weeks after strong data and optimism about the debt ceiling

Housing in the United States begins to rise in April Biden and McCarthy are pushing for a deal soon The Chinese Yuan is weakening after 7 dollars for every dollar The US dollar reached a two-week high against the yen SINGAPORE (Reuters) – The dollar rose to a seven-week high on Wednesday, boosted by optimism … Read more

The US debt crisis overshadows the meeting of the G7 financial leaders

Japan says the G7 may discuss the US debt crisis, and is ready to respond Biden warns of an American recession unless the ceiling is raised quickly Group of Seven to discuss ways to strengthen the global banking system Slowing inflation in China adds to fears of a global recession Yellen wants to discuss the … Read more

Preview China and the US debt problems may dominate the G7 finance chiefs’ talks

Japan hosts the G7 financial leaders’ meeting from May 11-13 The rising risk of a US debt default could put Yellen under pressure The G7 is seeking a deal to diversify supply chains away from China An awareness meeting to discuss the debt problems of emerging countries Stubbornly high inflation and slowing growth are among … Read more

The Morning Show: Showdown on the Ceiling

May 9 (Reuters) – A look at the day ahead on US and global markets from Mike Dolan. Nothing has been decided yet – on any front. With global markets still deadlocked over the extent of the economic slowdown and the chance of a recession, the US debt ceiling impasse remains unresolved — and Tuesday’s … Read more