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'Backdoor' funding cuts possible by Trump administration, as Congress faces government shutdown
Federal government will begin partial shutdown on Wednesday without congressional actionCurrent year funds need to be spent, or expireDemocrats call out spending delaysBy Bo Erickson WASHINGTON, Sept 28 (Reuters) - With three days to go before a U.S. government shutdown, an advocacy group that tr
5 hours ago
Russia pounds Kyiv, other regions in mass drone and missile attack
At least four killed and dozens injured in mass Russian attackUkraine says more sanctions are needed against RussiaAttack on Kyiv is one of most sustained of the war so farMoscow says it targeted military-industrial enterprisesBy Pavel Polityuk and Mike Collett-White KYIV, Sept 28 (Reuters) - Rus...
7 hours ago
US agrees South Korea not a currency manipulator, Seoul says
SEOUL, Sept 28 (Reuters) - The United States has agreed that South Korea is not manipulating its currency for trade advantage, a spokesperson for President Lee Jae Myung said on Sunday.
11 hours ago
South Korea, US reach an agreement over foreign exchange deal, Seoul says
SEOUL, Sept 28 (Reuters) - South Korea and the United States have reached a foreign exchange agreement and plan to announce the deal soon, South Korean Finance Minister Koo Yun-cheol said.
14 hours ago
Trump to meet top Congressional leaders on Monday, White House official says
WASHINGTON, Sept 27 (Reuters) - U.S. President Donald Trump will meet with the top Democratic and Republican leaders in Congress on Monday to discuss government funding ahead of a September 30 deadline to keep the government open, a White House official said on Saturday.
14 hours ago
US equity funds draw weekly inflows as AI boost sparks renewed demand
Sept 26 (Reuters) - U.S. equity funds attracted fresh cash in the week to September 24, snapping two-weeks of outflows, as risk sentiment improved following Nvidia’s NVDA.O announcement of a potential $100 billion investment in OpenAI.
16 hours ago
Wall Street ends streak of weekly gains, yields rise as investors digest data
NEW YORK, Sept 26 (Reuters) - Gains in Wall Street indexes on Friday were not enough to erase a loss for the week while resilient consumer spending supported longer-dated Treasury yields and gold rose as a steady inflation reading supported bets on future Federal Reserve rate cuts.
16 hours ago
EXCLUSIVE-Fed's Miran math may overstate the impact of immigration on inflation
Sept 26 (Reuters) - An economist whose research provided a foundation for Federal Reserve Governor Stephen Miran's argument that President Donald Trump's immigration crackdown will slow inflation by cutting demand for housing says the new central banker is overstating the impact.
16 hours ago
UAE president meets OpenAI CEO to discuss AI collaboration
Sept 27 (Reuters) - The president of the United Arab Emirates, which has been spending billions in its push to become a global player in AI, met OpenAI Chief Executive Sam Altman in Abu Dhabi on Saturday, the UAE state news agency reported.
16 hours ago
South Korea cannot pay $350 bln to US for tariff deal, presidential aide says
SEOUL, Sept 27 (Reuters) - South Korea is unable to pay $350 billion upfront in investment in the United States as suggested by President Donald Trump under a deal to cut tariffs and is seeking an alternative solution, Seoul's presidential adviser said on Saturday.
16 hours ago
Trump slaps steep US tariffs on drugs, heavy trucks and furniture
Trump cites national security for new round of tariffs100% duty on branded drugs waived if ground broken on US factoryDespite trade deal, Britain's drugs face full 100% US tariffs-sourcesBy David Shepardson and David Lawder WASHINGTON, Sept 26 (Reuters) - U.S. President Donald Trump on Thursd...
Fri, Sep 26
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US plans 1:1 chip production rule to curb overseas reliance, WSJ reports
Sept 26 (Reuters) - The U.S. is planning to push chipmakers to match the volume of semiconductors that their customers currently import from overseas providers through domestic production, or pay a tariff, the Wall Street Journal reported on Friday.President Donald Trump has doubled down on his effo...
Fri, Sep 26
US, European pharma stocks steady after Trump's tariff move, Asia slips
Analysts expect Asian drugmakers' focus on generics to limit impactJapan says its trade deal will keep pharma tariffs competitive with EUTariffs had already been reflected in company valuationsBy Gregor Stuart Hunter and Andrew Silver SINGAPORE/SHANGHAI, Sept 26 (Reuters) - Shares of U.S. and...
Fri, Sep 26
Canada's GDP rebounds in July after three months of contraction
July GDP grows by 0.2% led by goods-producing industriesAugust GDP likely to be flat but avoid a contractionGDP figures signals Canada might avoid a recessionBiggest drivers of July growth were mining, manufacturingBy Promit Mukherjee OTTAWA, Sept 26 (Reuters) - Canada's monthly gross domesti...
Fri, Sep 26
US stock index futures extend gains after August inflation data
Sept 26 (Reuters) - U.S. stock index futures extended gains on Friday, after an in-line inflation reading reinforced bets that the Federal Reserve may proceed with interest rate cuts this year.A Commerce Department report showed the Personal Consumption Expenditures index rose 2.7% in August on an a
Fri, Sep 26
FAA to ease Boeing 737 MAX production restrictions, WSJ reports
Sept 26 (Reuters) - The U.S. Federal Aviation Administration is set to ease its restriction on Boeing's 737 MAX production, the Wall Street Journal reported on Friday.
Fri, Sep 26
Britain says pushing for better outcome on US pharma tariffs
LONDON, Sept 26 (Reuters) - Britain on Friday said it was pressing the United States on pharmaceutical tariffs in hope of a beneficial outcome, after President Donald Trump said a new 100% tariff would apply to firms unless they build a manufacturing presence in the country.Trump said the tariffs wo
Fri, Sep 26
Wall Street futures mixed as investors brace for inflation data
Sept 26 (Reuters) - U.S. stock index futures were mixed on Friday, as investors awaited key inflation data that could sway bets on interest rate cuts, while also weighing the impact of fresh tariffs on a broad range of imported goods.
Fri, Sep 26
Trump signs order declaring TikTok sale ready and values it at $14 billion
Trump says China's Xi has said to go ahead with the dealDeal valued at $14 billion, Vice President JD Vance saysTrump says Michael Dell, Rupert Murdoch among investorsOracle, Silver Lake among owners of 50% share of TikTok US, sources sayBy Jeff Mason, Dawn Chmielewski and David Shepardson WA...
Fri, Sep 26
EU says it has 15% ceiling on US pharma tariffs
BRUSSELS, Sept 26 (Reuters) - The European Commission said on Friday it had secured a 15% ceiling on U.S. tariffs on pharmaceuticals, acting as an insurance policy for European companies. "The United States intends to promptly ensure that the tariff rate ... applied to originating goods of t...
Fri, Sep 26
