By Noel Randewich and Shreyashi Sanyal (Reuters) – Wall Street ended sharply higher on Wednesday after Federal Reserve Chair Jerome Powell said the central bank might scale back the pace of its interest rate hikes as soon as December. The S&P 500 ralli…
U.S. House panel gets Trump’s tax returns after long legal battle -CNN
By Moira Warburton WASHINGTON (Reuters) – A U.S. House of Representatives committee has obtained Donald Trump’s tax returns, following a years-long court fight with the Republican former president who accused the Democratic-led panel of being political…
Bill Clinton tests positive for COVID – tweet
(Reuters) – Former U.S. President Bill Clinton said on Wednesday he had tested positive for COVID-19. “I’ve tested positive for Covid. I’ve had mild symptoms, but I’m doing fine overall and keeping myself busy at home,” he said in a tweet. (Reporting b…
Fed’s Powell says December rate-hike slowdown possible, inflation war far from over
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -The U.S. central bank could scale back the pace of its interest rate hikes “as soon as December,” Federal Reserve Chair Jerome Powell said on Wednesday, while warning that the fight against infla…
U.S. third-quarter economic growth revised up; goods trade deficit widens in October
By Lucia Mutikani WASHINGTON (Reuters) -The U.S. economy rebounded more strongly than initially thought in the third quarter, the government confirmed on Wednesday, but higher interest rates as the Federal Reserve battles inflation have raised the risk…
U.S. House Democrats unanimously elect Hakeem Jeffries as first Black party leader
By Richard Cowan and Moira Warburton WASHINGTON (Reuters) -Hakeem Jeffries was unanimously elected on Wednesday to become the Democratic Party’s top leader in the U.S. House of Representatives beginning in January, making him the first Black American t…
China’s Jiang confounded doubters, mended U.S. ties
BEIJING (Reuters) – Plucked from obscurity to head China’s ruling Communist Party after the Tiananmen crackdown in 1989, former Chinese President Jiang Zemin was expected to be just another transitional figurehead, destined to be a footnote in history….
South Korea scrambles jets as China, Russia warplanes enter air defence zone
By Hyonhee Shin SEOUL (Reuters) – South Korea’s military said it scrambled fighter jets as two Chinese and six Russian warplanes entered its air defence zone on Wednesday. The Chinese H-6 bombers repeatedly entered and left the Korea Air Defence Identi…
Why Macron? Biden state dinner highlights France’s U.S. appeal
By Michel Rose, Steve Holland and Simon Lewis WASHINGTON (Reuters) – President Joe Biden’s welcoming of French President Emmanuel Macron at the first White House state visit on Thursday since the U.S. Democrat took power in early 2021, is being celebra…
NATO ministers focus on Russia regional destabilisation concerns
BUCHAREST (Reuters) – NATO foreign ministers will on Wednesday seek to reassure fragile countries in Russia’s neighbourhood that they fear could be destabilised by Russia as the conflict in Ukraine drags on, squeezing energy supplies and pushing up pri…