By Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) – JPMorgan Chase & Co.’s head of trading sees China as its largest potential overseas market as the bank aims to expand its international business. “China is by far the biggest opportunity for us,” Troy Rohrbaugh, JPMorgan’s head of global markets, told investors at a conference. …
JPMorgan’s top trader sees China as biggest overseas opportunity Read More »
By Luc Cohen NEW YORK (Reuters) -Admitted drug traffickers who testified against a former Mexican law enforcement official accused by the United States of taking millions of dollars in bribes from the Sinaloa cartel have “incredible motives to lie,” a defense lawyer said on Wednesday. Genaro Garcia Luna was arrested in 2019 on charges of …
Ex-Mexico drug czar’s defense says accusers have ‘motives to lie’ Read More »
By Liz Lee BEIJING (Reuters) – Diplomatic friction festered between the United States and China on Wednesday as Beijing charged that U.S. high altitude balloons flew over its Xinjiang and Tibet regions and said it would take measures against U.S. entities that undermine Chinese sovereignty. Washington and Beijing are locked in a tussle over flying …
China says U.S. balloons flew over Xinjiang, Tibet, warns of countermeasures Read More »
By Sabine Siebold and Bart H. Meijer BRUSSELS (Reuters) – NATO countries are ramping up production of artillery munitions as Ukraine is burning through shells much faster than the West can make them, the alliance said on Wednesday amid pledges to deliver at least 48 Leopard 2 tanks to Kyiv. “Things are happening, but … …
NATO countries boost munitions output, pledge 48 Leopard 2 tanks for Kyiv Read More »
BELGRADE (Reuters) -Hundreds of hardline Serb nationalists and pro-Russia activists rallied in downtown Belgrade, threatening riots if Serbia accepts a Western-backed plan aimed at mending ties with Kosovo, its former mainly Albanian southern province. Pro-Russian sentiment is running high in Serbia which regards Russia, a veto-wielding member of the U.N. Security Council, as a main …
Serb nationalists pledge riots if Belgrade tries to improve ties with Kosovo Read More »
By Carolina Mandl NEW YORK (Reuters) – Investment firms Tiger Global Management, GQG Partners and Capital Group, BlackRock Inc, as well as JPMorgan & Chase were among the biggest sellers of Taiwanese contract chipmaker TSMC, in the fourth quarter, alongside Berkshire Hathaway, regulatory filings show. On Tuesday, Warren Buffet’s Berkshire unveiled in a filing it …
TSMC out of favor with slew of funds alongside Berkshire, filings show Read More »
By Brendan Pierson (Reuters) – A U.S. appeals court on Wednesday blocked a California law that prohibited employers from requiring their workers to resolve legal disputes in private arbitration, ruling that it conflicts with a federal arbitration statute. The 2-1 ruling by a three-judge panel of the San Francisco-based 9th U.S. Circuit Court of Appeals …
Appeals court blocks California ban on mandatory arbitration for workers Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Central bank policy decisions in Indonesia and The Philippines grab the limelight in Asia on Thursday, giving investors a rare diversion from the dramatic repricing of U.S. rate expectations that is increasingly defying logic for world markets. Or …
By Gram Slattery CHARLESTON, S.C. (Reuters) -Former U.N. ambassador Nikki Haley called on Republicans to move on from “stale ideas” and “faded names,” a veiled swipe at her former boss Donald Trump, as she made her first stop on Wednesday in a campaign for the 2024 presidential nomination. The former South Carolina governor is just …
Nikki Haley swipes at ‘faded names’ in bid for Republican 2024 nomination Read More »
By Jonathan Stempel (Reuters) – Charlie Munger, the longtime business partner of Warren Buffett at Berkshire Hathaway Inc, on Wednesday said China remains a top opportunity for investors despite geopolitical risks. Munger also doubled down on his recent Wall Street Journal editorial calling for the U.S. government to follow China and ban cryptocurrency, saying “people …
Charlie Munger downplays risk of Taiwan invasion, says crypto fans are ‘idiots’ Read More »
