By Emilie Madi and Mohamed Azakir BEIRUT (Reuters) – When Caroline Sadaka buys groceries in the Lebanese capital Beirut, she keeps her phone in hand – not to check her shopping list but to calculate the spiralling costs of goods now priced at volatile exchange rates that vary by store and sector. As Lebanon’s economy …
As economy worsens, Lebanese juggle dizzying rates for devalued pound Read More »
By David French NEW YORK (Reuters) – Some U.S. regional banks’ efforts to raise capital and allay fears about their health are running up against concerns from potential buyers and investors about looming losses in their assets, five sources with knowledge of the discussions said. First Republic Bank and PacWest Bancorp are among the banks …
Analysis-Asset concerns weigh on U.S. regional bank deal talks Read More »
WILMINGTON, Delaware (Reuters) – Berkshire Hathaway Inc’s Warren Buffett has held discussions with senior Biden adminstration officials about the banking crisis, a source familiar with the matter told Reuters on Saturday. The White House and U.S. Treasury declined to comment. Bloomberg News reported earlier that Buffett had been in touch with administration officials in recent …
Warren Buffett in discussions with Biden officials on banking crisis-source Read More »
(Reuters) – A lieutenant with the Memphis Police Department involved in the traffic stop that led to the killing of Tyre Nichols in January filed for retirement before a disciplinary hearing to fire him, according to media reports. Documents obtained by several news outlets identified DeWayne Smith, a 25-year veteran of the city’s police force, …
Lieutenant in Tyre Nichols’ death retired before termination hearing -reports Read More »
By Oliver Hirt and Stefania Spezzati (Reuters) – UBS Group AG is seeking government guarantees of about $6 billion for a potential takeover of Credit Suisse Group AG, a person with knowledge of the discussions told Reuters on Saturday. The talks are still ongoing and the figure could change as several scenarios are still under …
By Gram Slattery WASHINGTON (Reuters) – The U.S. should continue supporting Ukraine, former Vice President Mike Pence and New Hampshire Governor Chris Sununu said on Saturday, a position that puts them at odds with the top two contenders for the Republican presidential nomination. Foreign policy has emerged as the main ideological fissure within the Republican …
Pence, New Hampshire’s Sununu rebuke DeSantis, back aid for Ukraine Read More »
By Sergio Goncalves and Miguel Pereira LISBON (Reuters) – Thousands of protesters filled downtown Lisbon on Saturday to demand higher wages and pensions, as well as government intervention to cap soaring food prices they say are strangling already tight budgets. Metalworker Paula Gonçalves, 51, said people were “protesting against low wages, precariousness and for more …
Thousands protest in Portugal to demand higher wages, cap on food prices Read More »
By Jonathan Stempel NEW YORK (Reuters) – Lawyers for Sam Bankman-Fried are nearing an agreement with U.S. prosecutors on revised bail conditions for the indicted FTX cryptocurrency exchange founder, who is trying to convince a skeptical judge he should remain free. In a letter filed on Friday night in Manhattan federal court, Bankman-Fried’s lawyer Christian …
Sam Bankman-Fried, U.S. prosecutors near new bail agreement Read More »
By David Shepardson WASHINGTON (Reuters) -Challenger Shawn Fain is narrowly leading United Auto Workers (UAW) President Ray Curry in a runoff election for leadership of the powerful union, as Curry’s campaign said it had filed a protest over issues including undelivered ballots. Late Friday, court-appointed monitor Neil Barofsky said in the presidential race Fain has …
UAW presidential challenger holds lead as rival campaign files protest Read More »
(Reuters) – Pacific Western Bank, a unit of PacWest Bankcorp, said on Friday it had witnessed ‘elevated’ withdrawals following the collapses of Silicon Valley Bank and Signature Bank, but deposit movements had stabilized since Monday. The Los Angeles-based bank gave no details on the sum of the withdrawals but said they were mainly from its …
Pacific Western Bank faced ‘elevated’ withdrawals after bank failures Read More »
