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Coinbase valuation pegged at $68 billion ahead of landmark US listing

Coinbase, the largest US cryptocurrency exchange, said on Wednesday recent private market transactions had valued the company at around $68 billion this year ahead of a planned stock market listing

US states sue President Biden in bid to revive Keystone XL pipeline

Attorneys general from 21 states sued to overturn President Joe Biden's cancellation of the contentious Keystone XL oil pipeline from Canada. Led by Ken Paxton of Texas and Austin Knudsen of Montana, the states said Biden had overstepped his authority when he revoked the permit for the Keystone pipeline on his first day in office. Because the line would run through multiple US states, Congress should have the final say over whether it's built, according to the lawsuit filed in U.S. District Court in Texas on Wednesday. Construction on the 1,200-mile (1,930-kilometer) pipeline began last year when former President Donald Trump revived the long-delayed project after it had stalled under the Obama administration. It would move up to 830,000 barrels (35 million gallons) of crude daily from the oil sand fields of western Canada to Steele City, Nebraska, where it would connect to other pipelines that feed oil refineries on the US Gulf Coast. Biden cancelled its permit over longstanding

US Commerce Dept subpoenas Chinese companies over possible security risk

The US Department of Commerce on Wednesday served subpoenas on multiple Chinese companies that provide Information and Communications technology and services (ICTS) in the country

Violent extremists pose 'elevated threat' to US: Intelligence report

Violent extremists motivated by a range of political grievances and racial biases pose an elevated threat to the US, officials said in an unclassified intelligence report

North Korea ignores US offer for talks, citing its hostile policy

North Korea said on Thursday it will ignore a US offer for talks unless it withdraws its hostile policy on the North, days after Washington said it reached out to Pyongyang through various channels

US senator urges Defence Secy to discuss Russian S-400 sale on India visit

An American Senator urged US Defence Secretary Austin to take up the issue of sale of Russian S-400 missile system during his visit to India this week along with their concerns on human rights issues

Georgia massage parlour shootings leave 8 dead; 21-year-old man captured

Shootings at two massage parlours in Atlanta and one in the suburbs left eight people dead, many of them women of Asian descent, authorities said

Emerging Asia's recovery can withstand reflation trade: S&P Global Ratings

The reflation trade that is lifting US yields will not hit Asian emerging markets' financial conditions and growth outlook as much as during the taper tantrum of 2013, S & P Global Ratings said on Wednesday."The recovery across Asia's emerging economies should withstand rising US yields so long as this reflects an improving growth outlook and reflation rather than a monetary shock," said Shaun Roache, Asia Pacific Chief Economist at S & P.In 2013, US yields leaped after the Federal Reserve indicated it will begin unwinding its quantitative easing programme. The resulting panic over rising credit costs led to sharp outflow from emerging markets, including Asia's, and forced central banks to hike interest rates."Not all yield shocks are created equal," said Roache.The report highlighted three important factors that determine vulnerability to external shocks in Asia and which are relevant today.One: the nature of the shock. Yields can rise for more than one reason. Some are more .

US working with allies, partners to strengthen hand against China: Official

The US is working with allies to strengthen its hand against China and the recent Quad summit was probably the most important illustration of what it's trying to achieve, a Biden admin official said

US sanctions 24 Chinese, HK officials over crackdown on political freedoms

The US sanctioned an additional 24 Chinese and Hong Kong officials over Beijing's crackdown on political freedoms in the semi-autonomous city, including a decision to overhaul its electoral system

'It is safe': Trump encourages supporters to get vaccinated against Covid

Former US President Donald Trump urged his supporters to take the Covid-19 vaccine, as a growing number of Republicans remain opposed to get vaccinated

Cuomo should resign if investigation confirms sexual harassment: Biden

President Joe Biden has said New York governor Andrew Cuomo should resign if the state attorney general's investigation confirms the sexual harassment allegations against him

Japan exports fall faster than expected as China, US demand weakens

Japanese exports fell much faster than expected in February as US and China-bound shipments weakened, a source of concern for the world's third-largest economy as it tries to prop up growth

Indian-American businesswoman attends round table with US VP Kamala Harris

An Indian-American businesswoman, who imports goods and supports widowed women in India, has participated in a round table with Kamala Harris and asked the VP to back a global plastic policy

Quad to lead Indo-Pacific towards more positive vision: US diplomat

A senior American diplomat has said the four-nation grouping, including India, is uniquely positioned to help lead the strategically-vital Indo-Pacific region towards a more positive vision

Honda Motor temporarily cutting production at all US, Canada plants

Honda Motor Co said late Tuesday that supply chain issues will force a halt to production at a majority of US and Canadian auto plants for a week

Texas company behind huge electricity bills seeks bankruptcy protection

The company that drew attention after sending huge electricity bills to customers after last month's blackout-causing winter storm in Texas has filed for bankruptcy protection

US will share Covid-19 vaccines with world if there is surplus: Biden

The United States will share coronavirus vaccines with other countries if it ends up with a surplus, US President Joe Biden said on Wednesday

US expands sanctions to family of Myanmar's chief commander after coup

The US announced sanctions on two family members of Myanmar's commander in chief, beefing up US financial penalties in response to the military's five-week-old coup

Biden, Sullivan to meet with Chinese counterparts next week in Alaska

In light of worsening ties between China and the US, Secretary of State Antony Blinken and National Security Adviser Jake Sullivan will be meeting with counterparts Wang Yi and Yang Jiechi next week