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03-05-2022 kslmadmin
By Jeff Mason and Nandita Bose WASHINGTON (Reuters) – U.S. Vice President Kamala Harris may not have won over America in her first two years in office, but she’s staying put at President Joe Biden’s side. The first woman vice president is gearing up for another national campaign despite low poll ratings, a failure to win over the Washington establishment and concern among fellow Democrats about an underwhelming start in […]
A look at the day ahead in U.S. and global markets from Mike Dolan Even with a nod to greater banking stress, the major central banks all seem determined to tighten the monetary screw another notch. After the Federal Reserve settled on another quarter point rate rise late Wednesday, the Swiss National Bank – in the eye of its own domestic banking storm – followed suit on Thursday with a […]
By Howard Schneider, Aniruddha Ghosh and John Revill (Reuters) – Banking shares slipped in Europe on Thursday as the instability that surged through the global banking system this month is prompting investors to adjust to more challenging economic and lending conditions ahead. The Federal Reserve on Wednesday indicated it was on the verge of pausing further increases in borrowing costs after the collapse of two U.S. lenders earlier this month […]
By Howard Schneider, Aniruddha Ghosh and John Revill (Reuters) – Banking shares slipped in Europe on Thursday as the instability that surged through the global banking system this month is prompting investors to adjust to more challenging economic and lending conditions ahead. The Federal Reserve on Wednesday indicated it was on the verge of pausing further increases in borrowing costs after the collapse of two U.S. lenders earlier this month […]
By Howard Schneider, Aniruddha Ghosh and John Revill (Reuters) – Banking shares slipped in Europe on Thursday as the instability that surged through the global banking system this month is prompting investors to adjust to more challenging economic and lending conditions ahead. The Federal Reserve on Wednesday indicated it was on the verge of pausing further increases in borrowing costs after the collapse of two U.S. lenders earlier this month […]
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell on Wednesday said banking industry stress could trigger a credit crunch with “significant” implications for an economy that U.S. central bank officials projected will slow even more this year than previously thought. Banks either hit with sudden deposit outflows or worried about them may become steadily more reluctant to lend to businesses and households, a risk […]
By David Shepardson WASHINGTON (Reuters) – TikTok creators and three U.S. Democratic Party lawmakers on Wednesday said they opposed any potential ban on the Chinese-owned short video sharing app that is used by more than 150 million Americans. On Thursday TikTok CEO Shou Zi Chew will testify before the U.S. House Energy and Commerce Committee amid growing calls for a ban over national security concerns at a time when relations […]
OSLO (Reuters) – Norway’s $1.3 trillion wealth fund, one of the world’s largest investors, will vote in favour of a shareholder motion calling on Starbucks to report on how it respects labour rights, the fund’s manager said on Thursday. The Norwegian fund owns 1.05% of Starbucks’ shares, worth $1.2 billion at the end of 2022, according to fund data. It is the company’s tenth-largest shareholder, according to Refinitiv Eikon. Starbucks […]
By Sumit Khanna and Shilpa Jamkhandikar AHMEDABAD, India (Reuters) -A court in India found opposition leader Rahul Gandhi guilty of defamation on Thursday for a speech he made in 2019 in which he referred to thieves as having the surname Modi, and sentenced him to two years in prison. Gandhi, a senior leader of the Congress party and the scion of the Nehru-Gandhi political dynasty, will appeal against the order […]
