NEW CASTLE, Delaware (Reuters) – U.S. President Joe Biden said on Sunday he would address the banking crisis Monday morning, as the federal government announced actions to shore up deposits and stem any broader financial fallout from the sudden collapse of Silicon Valley Bank. Asked by reporters when he would address the banking crisis, Biden …
Biden says will address banking crisis on Monday morning Read More »
By Lewis Krauskopf (Reuters) – A look at the day ahead in Asian markets from Lewis Krauskopf. Monday could kick off a rocky week in financial markets. A banking blow-up in the U.S. is sparking fears of global contagion risks, and those fears could emerge in Asian trading as the week begins. Regulators were scrambling …
By Andrea Shalal, Trevor Hunnicutt and Gram Slattery WASHINGTON (Reuters) -Former U.S. Vice President Mike Pence offered his most forceful rebuke to date of his one-time boss Donald Trump on Saturday, saying that history will hold him accountable for his role in the Jan. 6, 2021, attack on the U.S. Capitol. Pence was in the …
‘History will hold Donald Trump accountable’ for Jan. 6, Pence says Read More »
By Steven Scheer JERUSALEM (Reuters) – Israeli shares slid more than 4% on the Tel Aviv Stock Exchange (TASE) on Sunday led by financial firms following the failure of SVB Financial Group late last week, while the government vowed to help Israeli tech firms affected. With Israel’s trading week running Sunday through Thursday, it was …
Government vows aid for tech firms but Israel stocks slide on SVB collapse Read More »
By Maha El Dahan and Hadeel Al Sayegh DUBAI (Reuters) – Aramco Chief Executive Amin Nasser said on Sunday that the oil market would remain tightly balanced in the short to medium term, adding that he was cautiously optimistic. Nasser was speaking to the press after the Saudi Arabian oil giant reported its highest ever …
Aramco’s Nasser says oil market tightly balanced Read More »
By Parisa Hafezi DUBAI (Reuters) -Iran and the United States have reached an agreement to exchange prisoners, Iranian Foreign Minister Hossein Amirabdollahian told state TV on Sunday, but Washington denied it as a “false” claim by Tehran. “Regarding the issue of prisoner swaps between Iran and the U.S. we have reached an agreement in the …
Iran says it agrees prisoner swap with US, Washington denies claim Read More »
By Sarah N. Lynch, Rami Ayyub and Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen on Sunday said she was working closely with banking regulators to respond to the collapse of Silicon Valley Bank and protect depositors, but a major bailout was not being considered. Yellen told the CBS News “Face the Nation” show …
Yellen: working to address SVB collapse, but not looking at bailout Read More »
By Jonathan Landay and Vivian Sequera WASHINGTON/CARACAS (Reuters) – The United States is not discussing a prisoner exchange as described in a letter and video appeal addressed to President Joe Biden by an American detained in Venezuela, according to two U.S. officials. Eyvin Hernandez was “quite possibly coerced” into appealing to Biden to swap him …
U.S. not negotiating new Venezuela prisoner swap despite appeal, say U.S. officials Read More »
By David Randall and Davide Barbuscia NEW YORK (Reuters) -Cracks are appearing in the global financial system as the decade-long era of cheap money ends, with some investors worrying the shock collapse of Silicon Valley Bank signals world markets may be on the cusp of a reckoning. Over the past year, the U.S. Federal Reserve …
Silicon Valley Bank’s fall widens systemic cracks as cheap money vanishes Read More »
By Hadeel Al Sayegh and Maha El Dahan DUBAI (Reuters) -Saudi Arabian oil giant Aramco on Sunday reported a record annual net profit of $161.1 billion for 2022, up 46% from the previous year on higher energy prices, increased volumes sold and improved margins for refined products. The profits, which are around triple that of …
Saudi Aramco reports record profit of $161.1 billion in 2022 Read More »
