(Updates Barclays view, money market expectations) (Reuters) – Most Wall Street banks expect the U.S. Federal Reserve to hike the benchmark interest rate by 25 basis points at the end of its two-day meeting on Wednesday, while money markets are leaning toward a pause as worries about a global banking crisis mount. In a quick …
Factbox-Banking turmoil may prompt Fed to go slow on interest rate hikes Read More »
KAMPALA (Reuters) -Uganda’s parliament passed a law on Tuesday making it a crime to identify as LGBTQ, handing authorities broad powers to target gay Ugandans who already face legal discrimination and mob violence. More than 30 African countries, including Uganda, already ban same-sex relations. The new law appears to be the first to outlaw merely …
Uganda passes a law making it a crime to identify as LGBTQ Read More »
(Reuters) – First Republic Bank’s efforts to secure a capital infusion continued without success on Tuesday, as the troubled regional lender started to plan for the possibility it may need to downsize or get a government backstop. Major banks and private equity firms have so far balked at offering First Republic the capital infusion it …
First Republic seeks new ways to escape unrealized losses Read More »
By David Shepardson WASHINGTON (Reuters) – TikTok CEO Shou Zi Chew will tell lawmakers the Chinese-owned short video app with more than 150 million American users has never, and would never, share U.S. user data with the Chinese government amid growing U.S. national security concerns. “TikTok has never shared, or received a request to share, …
TikTok CEO: App has never shared US data with Chinese government Read More »
By Alan Devall LOS ANGELES (Reuters) -Some 30,000 education workers backed by the teachers’ union walked off the job for a three-day strike in Los Angeles on Tuesday, canceling school for nearly half a million students in the second-largest school district in the United States. The Service Employees International Union Local 99 seeks to increase …
Los Angeles education strike cancels school for 420,000 students Read More »
By Aditi Shah and Tim Hepher NEW DELHI (Reuters) -India dampened foreign airline hopes for more access to its airports on Tuesday, with its aviation minister urging domestic carriers to fly long-haul and help establish new hubs as it seeks to recapture control of Indian travel from foreign rivals. It is also asking aerospace companies …
India resists calls for more air access in drive to be global aviation force Read More »
By Brendan O’Brien and Brad Brooks (Reuters) -Virginia sheriff deputies and medical staffers wrestled with a handcuffed Irvo Otieno, a 28-year-old Black man, for several minutes at a state mental hospital before he died, video surveillance shows. The altercation took place on March 6 as Otieno was being admitted to Central State Hospital in Petersburg, …
Video shows Virginia deputies restraining Black man who died at mental hospital Read More »
By Jessie Pang and Farah Master HONG KONG (Reuters) -The screening of “Winnie the Pooh: Blood and Honey”, a British slasher film due to be released in Hong Kong this week, has been cancelled after cinemas in the city declined to show it, its distributor said on Tuesday. VII Pillars Entertainment said it didn’t know …
‘Winnie the Pooh’ horror film cancelled in Hong Kong Read More »
By Arathy Somasekhar HOUSTON (Reuters) – Oil prices rose more than 2% on Tuesday, extending a retreat from a 15-month low hit the previous day, as the rescue of Credit Suisse allayed concerns of a banking crisis that would hurt economic growth and cut fuel demand. Measures to stabilise the banking sector, including a UBS …
Oil rises 2% in retreat from 15-mth low as banking fears subside Read More »
By Karen Freifeld and Luc Cohen NEW YORK (Reuters) -Workers erected barricades around a Manhattan courthouse on Monday as New York City braced for a possible indictment of Donald Trump over an alleged hush-money payment to porn star Stormy Daniels during his 2016 campaign. It would be the first-ever criminal case against any U.S. president. …
New York City braces for Trump indictment after ex-president urges protests Read More »
