03:03:53
Market news: U.S. Republican debt negotiators back down on defense spending demands.
03:02:01
The Hang Seng Index futures closed down 0.78% in night trading, at 18,600 points, 219 points below water.
02:59:24
Iraqi Oil Ministry: Discussions have been held with Saudi companies, including Saudi Aramco, on oil and gas investment, but no final agreement has been reached.
02:22:27
In market news: JPMorgan Chase & Co (JPM.N) told 1,000 First Republic employees that they will lose their jobs.
02:14:26
Market news: The United States will announce $300 million in military aid to Ukraine.
02:10:42
Fund analysis firm Lipper: U.S. municipal bond funds saw $847 million in outflows in the latest week.
02:08:04
Fund analytics firm Lipper: U.S. loan funds saw outflows of $614 million in the latest week; investment-grade funds saw inflows of $3.01 billion; high-yield funds saw inflows of $1.4 billion.
02:01:46
U.S. stocks continued their gains, with the Nasdaq up 2%, the S&P 500 up 1.19%, and the Dow up 0.21%.
01:59:54
Market news: TSMC is negotiating to subsidize up to half of the cost of the German factory.
01:57:37
US President Joe Biden: The only way forward is to reach a bipartisan agreement.
01:57:07
US President Biden: (Debt Ceiling Negotiations) Proposal to freeze spending for two years; we are negotiating on the budget outline, not on default.
01:54:47
US President Joe Biden: Negotiators are in talks.
01:54:04
US President Biden: Negotiations with McCarthy are about the budget outline.
01:53:48
US President Biden: Now is the time for Congress to act immediately to solve the debt ceiling problem.
01:53:42
US President Biden: We all agree that there will be no default.
01:53:20
US PRESIDENT BIDEN: House Speaker McCarthy and I have had many productive conversations.
01:53:12
U.S. Republican debt ceiling negotiator Graves: It will be difficult to reach a debt ceiling agreement today (Thursday local time).
01:52:20
US Republican debt ceiling negotiator Graves: Negotiations are still ongoing.
01:37:53
White House: (asked whether spending cuts will affect aid to Ukraine) Bipartisan support is expected to continue.
01:36:19
Bank of England member Haskell declined to comment on market pricing, saying we cannot rule out further rate hikes.