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Biden, McCarthy reach tentative US debt ceiling deal

Biden, McCarthy reach tentative US debt ceiling deal

© Reuters. FILE PHOTO: The sun sets behind the U.S. Capitol building in Washington, U.S., October 6, 2021. REUTERS/Leah Millis/File Photo By Steve Holland, Gram Slattery and Katharine Jackson WASHINGTON (Reuters) -U.S. President Joe Biden and top congressional Republican Kevin McCarthy reached a tentative deal to suspend the federal government’s $31.4 trillion debt ceiling on…

Economic development in Asia still faces many challenges, China minister says

Economic development in Asia still faces many challenges, China minister says

© Reuters. FILE PHOTO: Chinese Commerce Minister Wang Wentao speaks at a news conference in Beijing, China March 2, 2023. REUTERS/Florence Lo/File Photo BEIJING (Reuters) – Economic and trade development in the Asia-Pacific still faces many disturbances and challenges, China’s commerce minister Wang Wentao said. Wang made the comments at the Asia-Pacific Economic Cooperation (APEC)…

US credit default swaps flash default warning and speculators rush in

US credit default swaps flash default warning and speculators rush in

© Reuters. FILE PHOTO: U.S. dollar banknotes are displayed in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic/Illustration/File Photo   SPGI +0.85% Add to/Remove from Watchlist Add to Watchlist Add Position Position added successfully to: Please name your holdings portfolio Type: BUY SELL Date:   Amount: Price Point Value: Leverage: 1:1 1:10 1:25 1:50 1:100…

Sri Lanka could wrap up debt restructure talks by Sept, president says

Sri Lanka could wrap up debt restructure talks by Sept, president says

© Reuters. FILE PHOTO: Japan’s Prime Minister Fumio Kishida attends a bilateral meeting held by U.N. Secretary General Antonio Guterres (not pictured), on the sideline of the G7 leaders’ summit in Hiroshima, western Japan May 21, 2023. REUTERS/Androniki Christodoulo By Tetsushi Kajimoto TOKYO (Reuters) -Crisis-stricken Sri Lanka should be able to conclude newly launched debt…