Federal Reserve officials paused their series of interest-rate hikes but projected borrowing costs will go higher than previously

The Biden administration’s proposal to crack down on vehicle pollution with strict new tailpipe emission limits isn’t reasonable

TOKYO--(BUSINESS WIRE)--Jul 27, 2023--

The European Commission said Tuesday it was "concerned" about China's decision to impose export controls on two rare metals vital for making semiconductors amid an escalating...

Fans questioned 'Selling Sunset' star Heather Rae El Moussa's credentials after she launched a new company called HEM Capital and invited fans to invest in it

Taiwan Semiconductor Manufacturing Co.’s revenue slid a less-than-projected 11% after demand from artificial intelligence players helped offset sagging

NEW YORK--(BUSINESS WIRE)--Jul 24, 2023--

By Suban Abdulla LONDON A steep surge in interest rates has made it harder to buy a home,

HANOI Vietnam's electric automaker VinFast expects to break even by the end of 2024, its founder said on

Fallout from an Elon Musk post that endorsed antisemitic views spread Thursday, prompting outrage from an investor in

President Joe Biden on Monday said he was “optimistic” about the chances of finding an agreement with the Republican-led House of Representatives that would avoid a catastrophic default on America’s sovereign debt. Speaking at the outset of a crucial meeting with House Speaker Kevin McCarthy, Mr Biden said the source of his optimism was a shared agreement between the two men that a debt default is “off the table”. Mr Biden also said the consequences that would arise should the US fail to meet its’ outstanding debt obligations would be “a kick in the ... economic well-being” for the American people. The negotiating session between the president and House speaker comes with just ten days remaining before the US Treasury is set to lose the ability to pay its’ bills by issuing new bonds. In a letter to Congress, Treasury Secretary Janet Yellen said on Monday that “it is highly likely” that the Treasury would run out of operating funds in the event that Congress does not raise the department’s statutory debt limit. A default on America’s sovereign debt would be a financial catastrophe both for Americans and people around the world who rely on US financial stability. Mr Biden said he and Mr McCarthy “talked about the need for bipartisan agreement” and stressed that he was “optimistic” that he and Mr McCarthy were “going to make some progress” during the Monday evening session. For his part, the House Speaker said he and Mr Biden had a “very productive” conversation during a phone call held on Sunday while Mr Biden was returning to Washington from the G7 summit aboard Air Force One. Earlier in the day, Mr McCarthy told reporters at the Capitol that “decisions have to start being made” on spending for the next fiscal year since “we’re 10 days out” from the debt ceiling deadline. “We have to spend less next year than we spent this year,” he said before pointing to the House’s proposal for spending cuts as the “framework” for a deal. “I’m hopeful,” he added. Read More Watch live: Biden and McCarthy meet to discuss US debt ceiling Who is Tim Scott? 5 things to know about the newest 2024 GOP presidential candidate A timeline of Donald Trump’s rivalry with Ron DeSantis

By Stella Qiu SYDNEY Most Asian share markets were subdued on Friday and the dollar held onto its