EU’s Breton cites telcos’ investment gap for Big Tech network fee push
BRUSSELS, June 6 (Reuters) - Europe is falling behind other regions and needs to invest massively in its telecoms network...
archiveAMERS
US power use to slide in 2023 on slower economic growth
June 6 (Reuters) - U.S. power consumption will ease in 2023 from last year's record high as slower economic growth...
Dollar on back foot after weak ISM; Aussie awaits RBA
TOKYO, June 6 (Reuters) - The dollar languished well below last week's 2-1/2-month highs on Tuesday after unexpectedly soft U.S....
Crypto shares tumble as Binance SEC lawsuit ripples through industry
June 5 (Reuters) - Cryptocurrencies and shares in crypto and blockchain-related companies tumbled on Monday after the U.S. securities regulator sued crypto exchange Binance, another blow to the industry.The U.S. Securities and Exchange Commission sued Binance and its CEO Changpeng Zhao for secretly controlling Binance.US as part of a "web of deception" to evade U.S. laws, among other charges. Reuters earlier reported that Binance controlled its US affiliate’s bank accounts, despite claiming it was independent.The SEC also said Binance artificially inflated trading volumes on the platform, diverted customer funds and...
S&P 500 ends lower as traders eye potential pause in rate hikes
Palo Alto Networks gains on S&P 500 index inclusionApple hits record high but ends lower after debuting headsetIndexes close: S&P...
Analysis: US hotel developers run out of cash as construction lending dries up
June 5 (Reuters) - Tighter lending standards from regional banks are making it harder for U.S. hotel developers to secure funding, slowing construction of new hotels at a time Americans' appetite for travel is ripe.Hotel developers, private equity firms, and general contractors told Reuters the financial stress on regional banks -- the largest lenders to hotels and other commercial real estate markets -- has forced developers to postpone projects or find other creative ways to raise capital.The hotel industry's predicament highlights the impact on the broader U.S. economy of the...
Dollar bears bide their time as US economic strength persists
NEW YORK, June 5 (Reuters) - A strong U.S. economy is giving an unexpected boost to the dollar, frustrating bearish...
EU’s top diplomat discusses Ukraine’s ammunition needs with South Korea
SEOUL, June 3 (Reuters) - The European Union's top diplomat, Josep Borrell, said he met South Korea's defence minister on...
California, New York pension funds vote against Toyota chairman
Proxy advisory firms have raised issues about governanceSlow rollout of electric vehicles has attracted criticismCompany says chairman is key to...
Analysis: Despite chaos and risk, Washington sticks with its debt limit
WASHINGTON, June 2 (Reuters) - The latest standoff over the U.S. debt ceiling, resolved just days before the government faced a devastating default, has prompted some to call for the country to ditch its self-imposed borrowing limit.That's not likely to happen any time soon.Though the showdown unnerved investors and prompted threats of a second U.S. debt downgrade in a little over a decade, proposals to abolish the debt ceiling have gained little traction in Congress in recent years.Republicans have shown no interest in abandoning a point of leverage that they...