News
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COLUMN-When it comes to a US debt default, never say never: Fridson
By Marty FridsonNEW YORK, June 11 - “The United States of America is never going to default, that is never going to happen,” said U.S. Treasury Secretary Scott Bessent on June 1. History suggests that, when it comes to defaults, politicians should never say never.Bessent’s comment was intended to re...Reuters
Wed, Jun 11
Kremlin says Russia-US talks on improving ties are not expected to yield quick results
MOSCOW, June 11 (Reuters) - Talks between Russia and the United States aimed at improving ties and removing "irritants" are continuing, but are not expected to yield quick results, Kremlin spokesman Dmitry Peskov said on Wednesday.Reuters
Wed, Jun 11
US House speaker Johnson will travel to Israel June 22, Punchbowl News reports
June 11 (Reuters) - U.S. House Speaker Mike Johnson will travel to Israel to address the Israeli parliament on June 22, Punchbowl News reported on Wednesday.Johnson is expected to meet with Israeli Prime Minister Benjamin Netanyahu in Jerusalem during the brief trip, the report said.Reuters could no...Reuters
Wed, Jun 11
China calls for more contacts with US after 'candid' trade talks
BEIJING, June 11 (Reuters) - China's Vice Premier He Lifeng said China and the United States should enhance consensus and maintain communication after their officials had "candid" and in-depth trade negotiations in London, according to China's state broadcaster CCTV.China and the U.S...Reuters
Wed, Jun 11
Nvidia CEO says quantum computing is at an inflection point
PARIS, June 11 (Reuters) - Quantum computing technology is at an inflection point, CEO Jensen Huang reiterated on Wednesday at the VivaTech conference in Paris.Quantum computing will solve "some interesting problems" in the coming years, he added.Reuters
Wed, Jun 11
US Secretary of State Rubio presses to open sanctions investigation into Harvard, NYT reports
June 11 (Reuters) - U.S. Secretary of State Marco Rubio is pushing to investigate whether Harvard University violated federal sanctions, The New York Times reported on Wednesday, citing people familiar with the matter and documents reviewed by the newspaper. Rubio is pushing to investigate if Harvar...Reuters
Wed, Jun 11
Royal Air Maroc nearing deals for Boeing and Airbus jets, sources say
PARIS, June 11 (Reuters) - Airbus AIR.PA is nearing a deal with Royal Air Maroc for around 20 of its small A220 passenger jets, gaining a foothold as the North African carrier also prepares to renew U.S. ties with a broader jet Boeing BA.N order, industry sources said.Royal Air Maroc has been in ta...Reuters
Wed, Jun 11
VietJet in talks to order about 100 Airbus jets, Bloomberg News reports
June 11 (Reuters) - VietJet Aviation JSC VJC.HM is in talks to order around 100 more Airbus SE AIR.PA narrow-body jets, with a potential deal as early as next week's Paris Airshow, Bloomberg News reported on Wednesday, citing sources familiar with the matter. The low-cost Vietnamese airline is l...Reuters
Wed, Jun 11
Chinese carmakers vow to make timely supplier payments as backlash to price war grows
BYD, Chery, Geely and Xiaomi among automakers to make pledgesPledges follow steel association outcry, regulatory pressure China suppliers hurting from brutal price war that has cut profits SHANGHAI, June 11 (Reuters) - Major Chinese car manufacturers have pledged to make payments to suppliers wit...Reuters
Wed, Jun 11
China's embassy in UK accuses NATO of 'smearing and scapegoating'
BEIJING, June 11 (Reuters) - China firmly opposes NATO's "smearing and scapegoating" of China, its embassy in Britain said on Wednesday in response to remarks NATO Secretary General Mark Rutte made about Beijing's military build-up earlier this week.NATO should correct its "mispe...Reuters
Wed, Jun 11
Malaysia trade minister to visit U.S. next week for tariff talks, state media reports
KUALA LUMPUR, June 11 (Reuters) - Malaysia's trade minister will travel to Washington on June 18 for negotiations on U.S. tariffs, Malaysian state media reported on Wednesday. Trade Minister Tengku Zafrul Aziz had previously held talks with U.S. Secretary of Commerce Howard Lutnick and U.S. Trad...Reuters
Wed, Jun 11
General Mills mulls sale of China Haagen-Dazs stores, Bloomberg News reports
June 11 (Reuters) - General Mills GIS.N is considering selling its Haagen-Dazs ice-cream stores in China, Bloomberg News reported on Wednesday, citing people familiar with the matter.The Minneapolis, Minnesota-based company may seek several hundred million dollars for the assets in a sale process th...Reuters
Wed, Jun 11
VietJet in talks to order about 100 Airbus jets ahead of Paris Air Show, Bloomberg News reports
June 11 (Reuters) - VietJet Aviation JSC VJC.HM is in talks to order around 100 additional Airbus SE AIR.PA narrowbody jets, with a potential deal as early as the Paris Air Show next week, Bloomberg News reported on Wednesday, citing sources familiar with the matter. The low-cost Vietnamese airline ...Reuters
Wed, Jun 11
UK's Assura rises on sweetened proposal from KKR-Stonepeak
June 11 - ** Shares of British healthcare REIT Assura AGRP.L rise as much as 2.2% to 50.1p** Private equity firms KKR KKR.N and Stonepeak Partners raise their offer for Assura to almost 1.7 billion pounds ($2.29 billion)** Under the terms of the deal, shareholders to receive 52.1p for each Assura s...Reuters
Wed, Jun 11
Iran threatens U.S. bases in region if military conflict arises
DUBAI, June 11 (Reuters) - If nuclear negotiations fail and conflict arises with the United States, Iran will strike American bases in the region, Defence Minister Aziz Nasirzadeh said on Wednesday, days ahead of a planned sixth round of Iran-U.S. nuclear talks.Reuters
Wed, Jun 11
Inditex Has Experience Dealing With Tariff Changes
June 11 (Reuters) - Inditex ITX.MC:INDITEX'S HEAD OF INVESTORS RELATION GORKA GARCIA-TAPIA: CURRENT ENVIRONMENT IS DIFFICULT TO PREDICTGARCIA-TAPIA: INDITEX HAS EXPERIENCE IN MANAGING CHANGES IN TARIFF REGIMESGARCIA-TAPIA: CAPEX PROGRAM IS FOCUSED ON LOGISTICS CENTRESINDITEX CEO OSCAR GARCIA MAC...Reuters
Wed, Jun 11
