WASHINGTON -- President Joe Biden is considering nominating Michigan State University economist Lisa Cook to an open seat on the U.S. Federal Reserve Board, Axios reported on Wednesday, citing unidentified people familiar with the matter. Read More
An executive at Tencent Holdings Ltd has been held by Chinese authorities as part of a probe into a high-profile corruption case involving one of China's former top law-enforcement officials, the Wall Street Journal reported, citing people familiar with the matter. Read More
SYDNEY -- Australia's housing market is pulling the A$2 trillion ($1.6 trillion) economy out of its first recession in three decades with prices hitting record highs, home loans surging and building approvals at 19-year peaks. Read More
WASHINGTON -- A U.S. House committee voted Wednesday to approve a plan to provide $42 billion in assistance to transportation sectors and workers as part of a $1.9 trillion COVID-19 relief plan, while another committee is set to vote Thursday on funding for U.S. airlines
WASHINGTON -- U.S. President Joe Biden will be "practical, hard-headed and clear-eyed" in dealings with Chinese President Xi Jinping, but wants the opportunity to have an open line of communication despite U.S. concerns about China's behavior, a senior administration official said on Wednesday. Read
BEIJING -- China's factory gate prices rose in annual terms in January for the first time in 12 months and at the fastest rate since May 2019, suggesting gathering growth momentum for the world's second-largest economy. Read More
Electric-vehicle startup Rivian, which is backed by Amazon.com Inc and Ford Motor Co, is looking to go public as soon as September at a valuation of about $50 billion or more, Bloomberg News reported on Tuesday. Read More
TOKYO -- Japanese stocks erased early losses and rose on Wednesday as an earnings forecast upgrade from Honda backed expectations for an improving outlook for corporate profits amid an improving global economy. Read More
Gold prices edged up on Wednesday as the Read More
Reddit Inc, which has been at the heart of a recent social media-driven retail trading frenzy, said on Monday it raised more than $250 million in a new round of funding that doubled its valuation to $6 billion. Read More