Brazil’s central bank lowered its benchmark interest rate by a larger-than-expected 50 basis points and said future cuts

A federal board has ordered BNSF Railway to transport at least 4.2 million tons of coal from a Montana mine to a port in Canada this year

By Diane Bartz WASHINGTON Microsoft chief executive Satya Nadella on Monday took the witness stand in the U.S.

WASHINGTON Sales of new U.S. single-family homes fell in June, but the trend remains strong as an acute

Federal Reserve officials are signaling they plan to keep interest rates steady in June while retaining the option

AMSTERDAM U.S. carrier JetBlue Airways said on Thursday that it had asked the U.S. Department of Transportation to

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

Banco Santander SA’s earnings beat estimates as higher interest rates in Europe and Mexico continued to boost revenue

AUSTIN, Texas--(BUSINESS WIRE)--May 15, 2023--

By Sujith Pai BENGALURU Thailand's economy likely picked up speed in the first quarter aided by a strong

A jury in Oregon says the electric utility PacifiCorp must pay punitive damages for causing devastating wildfires in 2020

BRAMPTON, Ontario--(BUSINESS WIRE)--Oct 17, 2023--