By Jeff Mason WASHINGTON (Reuters) -The Biden administration is asking Congress for $9.25 billion to fight COVID-19 and an additional $37.7 billion to support Ukraine in its war with Russia as part of[...]
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Economy
U.S. SEC delays decision on ARK 21Shares spot bitcoin ETF to Jan. 27
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission on Tuesday delayed a decision on whether to allow a spot bitcoin exchange-traded fund by stock-picker Cathie Wood’s Ark Inv[...]
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Analysis-Investors expand footprint in commodity trade finance as banks retreat
By Julia Payne, Pratima Desai and Peter Hobson LONDON (Reuters) – Hedge funds have stepped up financing of trade in commodities such as oil, gas, cocoa and copper as banks hit the limit of what[...]
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Chile’s Escondida mine workers announce strike amid labor demands
SANTIAGO (Reuters) -Workers of Chile’s Escondida mine, the world’s largest copper mine, decided to go on strike on Nov. 21 and 23 due to labor demands, their union said on Tuesday. Members[...]
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Ford must bring more work in-house to preserve jobs – CEO
By Joseph White DETROIT (Reuters) – Ford Motor Co Chief Executive Jim Farley said on Tuesday the automaker will need to build more components for electric vehicles in its own factories so[...]
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Fed’s Barr: Concerned about blowback to financial system from crypto
By Ann Saphir and Dan Burns (Reuters) -Michael Barr, the Federal Reserve’s top financial regulatory official, on Tuesday said he is concerned about risks from the non-bank sector, including cryp[...]
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High interest rates bring winter gloom to Canada’s housing market
By Julie Gordon OTTAWA (Reuters) – Canada’s housing market has gone cold, with buyers sidelined by soaring borrowing costs and sellers holding off listing in hopes of a spring rally, while[...]
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More chip production needed in Europe, Infineon CEO says
By Christina Amann MUNICH (Reuters) – Infineon Technologies AG Chief Executive Jochen Hanebeck supports contract manufacturers building more chip factories in Europe to reduce his company’[...]
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Fed’s Harker: better to pause rate hikes at the right time than risk overtightening
(Reuters) – The Federal Reserve should pause its interest rate hikes once its policy rate is at a sufficiently restrictive level to bring inflation on a path back down toward the central bank[...]
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