By Reuters Staff
1 Min Read
WASHINGTON, Feb 9 (Reuters) - China has not upheld its commitments in bilateral ties with the United States in recent years, Neera Tanden, President Joe Biden’s nominee as budget director, told senators during her confirmation hearing on Tuesday.
Tanden raised questions about the U.S.-China trade agreement signed in January 2020 and told senators that bilateral trade ties had not been effective in changing China’s “mercantilist” approach and failure to abide by global trading rules.
Asked if she viewed Chinese video-sharing app Tik Tok as a security threat, Tanden said, “I think we should be concerned about any entity that takes information and shares its private technological information. To the extent TikTok is doing that, I would share that concern.” (Reporting by Andrea Shalal and Patricia Zengerle)
South Africa's joint lead investigator for the Johnson & Johnson COVID-19 vaccine trial said on Tuesday that a government regulator was processing an application for the vaccine to be granted emergency use authorisation.
By Reuters Staff
3 Min Read
LONDON, Feb 9 (Reuters) - Creditors holding Eurobonds issued by Argentina’s YPF have called on the state energy company to cancel its proposed debt swap beyond the 2021 bond, a source said on Tuesday.
YPF, which has earmarked $6.2 billion of its debt for restructuring, swerved default on Monday after winning support from a key creditor group to swap a $413 million bond coming due in March.
However, creditors were not prepared to agree to swap out the other six notes coming due between 2024 and 2047, a source familiar with the thinking of the Ad Hoc creditor group said, adding this was seen as an “opportunistic” push by YPF.
Benchmark 10-year Japanese government bond futures fell for a tenth consecutive session on Tuesday, their longest losing streak in 18 years, as investors fret over rising interest rates in the U.S. on a large stimulus plan.