By Clare Jim and Jason Xue HONG KONG (Reuters) -China Evergrande Group said on Wednesday it aims to have a preliminary restructuring proposal in place within six months as the debt-laden developer scrambles to reassure creditors spooked by defaults sin…
U.S. Coast Guard search finds one body, 38 still missing after boat capsizes off Florida
By Brian Ellsworth MIAMI (Reuters) -Rescue teams have found one body and are searching for 38 other people reported missing after their boat capsized off Florida’s coast, the U.S. Coast Guard said on Wednesday, an incident that is being treated as a hu…
U.S. stocks briefly extend gains after Fed statement
By Stephen Culp NEW YORK (Reuters) – Wall Street surged on Wednesday, building on and then paring earlier gains after the U.S. Federal Reserve released its statement at the conclusion of its two-day policy meeting. All three indexes were green througho…
Intel scores major win as court scraps $1.2 billion EU antitrust fine
By Foo Yun Chee (Reuters) – Intel on Wednesday won its fight against a 1.06-billion-euro ($1.2 billion) EU antitrust fine that the U.S. chipmaker was handed 12 years ago for stifling a rival, in a major setback for EU antitrust regulators. The judgment…
Analysis-W. Africa coups show limits of diplomacy, opening door to new players
By Aaron Ross and David Lewis DAKAR (Reuters) – Earlier this month, West African countries slapped tough economic sanctions on Mali to punish coup leaders seeking to extend their hold on power, and to halt a run of military takeovers that have beset th…
Hong Kong risks exodus over extended COVID isolation, Euro chamber says
By Farah Master HONG KONG (Reuters) -Hong Kong may not reopen until early 2024 because of its strict COVID-19 policies, which could trigger an exodus of foreign firms and staff and jeopardise the city’s role as a financial hub, its European Chamber of …
San Francisco city officials vow to crack down on anti-Asian-American hate crime
By Dan Whitcomb (Reuters) – San Francisco city leaders pledged to step up policing in Asian-American communities on Tuesday after statistics showed that 60 hate crimes were committed against Asians in the city during 2021, up from only nine the year be…
Beijing’s local COVID cases rise before Olympics; more areas find Omicron
BEIJING (Reuters) -Beijing reported 14 local confirmed COVID-19 cases on Wednesday, the highest daily count in its current outbreak, less than two weeks before the Winter Olympics are set to start in the Chinese capital and the neighbouring province of…
Wall Street, oil up as Fed signals rate hikes could come ‘soon’
By Pete Schroeder WASHINGTON (Reuters) -U.S. stocks maintained gains Wednesday even after the Federal Reserve signaled an interest rate hike could be coming soon, while tension between Russia and Ukraine pushed oil prices to highs not seen since 2014. …
Relief efforts ramping up in Tonga, more aid arrives
(Reuters) -Humanitarian aid to Tonga is ramping up after the airport was cleared of ash, making it safe for planes to land, the Red Cross said on Wednesday, days after a volcanic eruption and tsunami devastated the South Pacific archipelago. The Intern…