(Reuters) -Groundbreaking on U.S. single-family homebuilding projects surged in May by the most in more than three decades and permits

JAKARTA--(BUSINESS WIRE)--Jun 5, 2023--

After a week of meetings on the debt ceiling, Congress, the White House and the country still do not have a clear path forward to avoid a cataclysmic default with just four days when both the House and Senate are scheduled to be in session before June 1, when the US could default on its obligations. On one hand, it looks like this could go to the brink. On the other, there have been pockets of progress over the intervening days and signs that some of the most stringent and hardened positions negotiators have been echoing over the last three months are slowly beginning to soften.

Asia’s oil refiners, responsible for meeting about a third of the world’s fuel consumption, are getting ready to

By David Lawder WASHINGTON The World Bank Group's new president, Ajay Banga, will visit Peru and Jamaica next

President Vladimir Putin has signed a law introducing a windfall tax on excess profits of Russian companies, which

By Andrea Shalal and David Lawder WASHINGTON Treasury Secretary Janet Yellen said on Monday that a failure by

Shopping for back-to-school essentials, such as clothes, shoes and electronics, will be a bigger struggle for families this year who are trying to manage their household budgets with less disposable incomes because of inflation.

Chancellor of the Exchequer Jeremy Hunt will redouble the squeeze on Britain’s crumbling public services to pay for

Qantas Airways Ltd.’s new boss Vanessa Hudson started work trying to restore the airline’s battered reputation with increased

Turkish President Recep Tayyip Erdogan on Saturday defended his decision to bomb US-backed Kurdish forces in Syria in

The dollar extended losses Wednesday as traders ramped up bets on the Federal Reserve cutting interest rates in the new year after officials sounded optimistic...