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By Andrea Shalal (Reuters) – The United States sees Vietnam as a key partner in expanding green energy sources and building more resilient supply chains, U.S. Treasury Secretary Janet Yellen said in a speech to be delivered in the country’s capital of Hanoi on Friday. Yellen, continuing her travels in Asia, told the U.S.-ASEAN Business Council that trade between the two countries had been growing at nearly 25% a year […]

By Jarrett Renshaw and Jeff Mason PHILADELPHIA (Reuters) – President Joe Biden traveled on Thursday to Philadelphia to pitch the promise of a green economy to union workers skeptical that the solar, wind and electric vehicle industries can deliver the same economic punch for organized labor as fossil fuel-powered refineries and power plants. Biden is trying to reshape the U.S. economy by investing billions of taxpayer dollars in green technology, […]

By Rachel Nostrant NEW YORK (Reuters) – The city of New York has agreed to pay $13 million to hundreds of people arrested during the 2020 George Floyd demonstrations, according to attorneys for the plaintiffs, who said it was the largest class action settlement ever paid to protesters in the United States. The protests in New York City and around the country followed the May 25, 2020, death of Floyd, […]

By Leika Kihara and Takahiko Wada TOKYO (Reuters) – Japan’s core inflation stayed above the central bank’s 2% target in June for the 15th straight month but an index stripping away the effect of energy costs slowed, data showed, suggesting the prolonged commodity-driven price pressures may have peaked. Yet, with services price growth also slowing last month, policymakers will feel that wage pressures have yet to build up enough to […]

By Stella Qiu SYDNEY (Reuters) – Asian shares fell on Friday after Tesla and Netflix weighed on U.S. tech shares after their earnings reports, while the dollar and Treasury yields held their gains ahead of an action-packed week that could see the end of the U.S. tightening cycle. As well as the U.S. Federal Reserve meeting next week, the Bank of Japan will meet amid speculation of imminent policy tweaks. […]

TAIPEI (Reuters) -Shares of Taiwan’s TSMC slumped more than 3% on Friday after the world’s largest contract chipmaker flagged a 10% drop in 2023 sales and said production due to start next year at its first plant in Arizona would be delayed. In early trade, Taiwan Semiconductor Manufacturing Co Ltd’s shares underperformed a 1.65% fall in the broader index. On Thursday, TSMC reported a 23.3% fall in second-quarter net profit […]

By Ankur Banerjee SINGAPORE (Reuters) – The dollar was steady on Friday as data pointed to U.S. labour market resilience that could lead the Federal Reserve to keep interest rates higher for longer, while the yen strengthened after Japan’s core consumer inflation re-accelerated in June. Central bank meetings from Europe, Japan and the United State are due next week, with investors parsing through data to better gauge monetary policy paths […]

By Ankur Banerjee SINGAPORE (Reuters) – The dollar was steady on Friday as data pointed to U.S. labour market resilience that could lead the Federal Reserve to keep interest rates higher for longer, while the yen strengthened after Japan’s core consumer inflation re-accelerated in June. Central bank meetings from Europe, Japan and the United State are due next week, with investors parsing through data to better gauge monetary policy paths […]

LONDON (Reuters) – British Prime Minister Rishi Sunak’s Conservative Party won Boris Johnson’s former parliamentary seat on the western fringes of London on Friday. The Conservative Party candidate, Steve Tuckwell, won the by-election with a majority of 495 votes. (Reporting by Andrew MacAskill; Editing by Tom Hogue) Brought to you by www.srnnews.com