Reuters US Business

SINGAPORE (Reuters) -KKR, Global Infrastructure Partners (GIP) and the Indo-Pacific Partnership for Prosperity have formed a coalition to invest $25 billion in infrastructure in the Indo-Pacific region, U.S. Commerce Secretary Gina Raimondo said on Thursday. Raimondo, speaking in Singapore, said investment would include green data centres in Indonesia, renewable energy in the Philippines and smart …

KKR, GIP lead $25 billion regional infrastructure tie-up, US says Read More »

By David Shepardson WASHINGTON (Reuters) – The Federal Aviation Administration (FAA) said on Wednesday it is again extending cuts to minimum flight requirements at congested New York City-area airports through October 2025, citing air traffic controller staffing shortages. The FAA said the number of controllers handling traffic in New York is insufficient for normal traffic …

US extends cuts to minimum New York flight requirements through late 2025 Read More »

By David Shepardson and Allison Lampert WASHINGTON (Reuters) – Outgoing Boeing CEO Dave Calhoun will testify before a U.S. Senate panel on June 18 after a series of incidents raised concerns about safety and quality, and led regulators to cap the planemaker’s production of its best-selling 737 MAX. Senator Richard Blumenthal, who chairs the Permanent …

Boeing CEO to testify before US Senate panel on June 18 Read More »

By David Shepardson WASHINGTON (Reuters) – Just seven electric-vehicle (EV) charging stations have begun operating with funding from a $5-billion U.S. government program created in 2021, marking “pathetic” progress, a Democratic senator said on Wednesday. Automakers and others say drastically expanding EV-charging stations is crucial to the wide deployment of electric vehicles, which are part …

Democrat calls only 7 EV-charging stations deployed under US program ‘pathetic’ Read More »

By David Shepardson WASHINGTON (Reuters) – Telecom industry groups are seeking to block the Biden administration’s reinstatement of landmark net neutrality rules set to take effect on July 22. The Federal Communications Commission (FCC) voted in April along party lines to reassume regulatory oversight of broadband internet and reinstate open internet rules adopted in 2015 …

Telecoms seek to block US reinstatement of net neutrality rules Read More »

By Jonathan Stempel and Carolina Mandl (Reuters) -A U.S. appeals court threw out a Securities and Exchange Commission rule intended to give investors more transparency into private funds, handing a victory to the nearly $27 trillion industry. In a 3-0 decision on Wednesday, the New Orleans-based 5th U.S. Circuit Court of Appeals ruled in favor …

US appeals court strikes down SEC private equity, hedge fund oversight rule Read More »

By Davide Barbuscia NEW YORK (Reuters) – A recently launched U.S. Treasuries buyback program should improve liquidity in the U.S. government bond market while other initiatives will boost transparency on prices and visibility on the use of leverage, a Treasury official said on Wednesday. The Treasury launched a buyback program last month to provide market …

Debt buyback program set to improve liquidity, says US Treasury official Read More »

By Chibuike Oguh NEW YORK (Reuters) -The S&P 500 and Nasdaq indexes hit record closing highs on Wednesday, powered mainly by technology stocks as markets digested economic data that could support a much-expected start to the Federal Reserve’s policy easing cycle. Technology stocks led advances among the 11 S&P 500 sectors, followed by equities in …

S&P 500, Nasdaq close at record highs as data supports Fed easing Read More »

SHANGHAI (Reuters) – The Shanghai and Shenzhen stock exchanges are considering suspending certain value-added market data feeds to institutions such as computer-driven quant funds, two sources said in an effort by Chinese regulators to tighten scrutiny of a sector blamed for contributing to market volatility. The bourses may suspend providing granular transaction details including so-called …

China exchanges mull withholding ‘certain’ data from quant funds, sources say Read More »

By Tatiana Bautzer NEW YORK (Reuters) -Viswas Raghavan joined Citigroup as its new head of banking this week in New York, the lender said on Tuesday, after it hired the former head of investment banking from JPMorgan earlier this year. Citi’s CEO Jane Fraser has expressed high hopes for Raghavan, who climbed JPMorgan’s ranks from …

Citi’s new banking head Raghavan begins as CEO hails his ‘intensity’ Read More »