By Tom Sims FRANKFURT (Reuters) – Deutsche Bank is undertaking its biggest management shake-up since 2019, the German bank said on Wednesday as it announced the departure of Christiana Riley, who oversaw its U.S. operations. Riley’s exit to join Santander follows news last week that Deutsche’s co-deputy chief executive Karl von Rohr was also leaving,…
(Reuters) -Chinese police have visited U.S. management consultancy Bain & Company’s office in Shanghai and questioned staff there, a company spokesperson said on Wednesday without elaborating. “We are cooperating as appropriate with the Chinese authorities,” the spokesperson told Reuters by email. “At this time, we have no further comment.” The U.S. embassy in China and…
By Jeff Mason, Trevor Hunnicutt and Andrea Shalal WASHINGTON (Reuters) – Incumbent President Joe Biden entered the 2024 election race on Tuesday with something he didn’t have two-and-a-half years ago: a record in the White House. He plans to run on it, highlighting his successes as an argument for another term, while opposition Republicans likely…
By Andrew Chung and John Kruzel WASHINGTON (Reuters) -U.S. Supreme Court justices on Wednesday appeared sympathetic toward a 94-year-old woman in her battle with a Minnesota county government that sold her condominium to cover her unpaid taxes and kept the proceeds beyond the sum she owed in a case testing constitutional checks on excessive fines…
By Chen Lin SINGAPORE (Reuters) -Singapore raised taxes on private property purchases in a surprise move late on Wednesday night that includes a doubling of stamp duties for foreigners to an eye-watering 60%. Authorities in Singapore, where real estate is a safe haven investment for wealthy foreigners, keep close tabs on property prices to ensure…
By Steve Scherer and Ismail Shakil OTTAWA (Reuters) -The Bank of Canada (BoC) did not hike interest rates earlier this month because it wanted to see more evidence of the effects of previous monetary tightening on growth and inflation, according to minutes from the policy-setting meeting released on Wednesday. On April 12, the central bank…
By Tatiana Bautzer DALLAS (Reuters) -A Goldman Sachs Group Inc shareholder criticized its Chairman and CEO David Solomon on Wednesday at the bank’s annual meeting and proposed its board appoint an independent chairman. The proposal, along with eight others put forward by shareholders, failed after receiving the support of 16% of stock holders who voted….
By Anna Tong, Alexandra Ulmer and Jeffrey Dastin SAN FRANCISCO (Reuters) – Tech billionaire and Republican megadonor Peter Thiel, an early backer of former President Donald Trump who later broke with him, has told associates he is not planning to donate to any political candidates in 2024, according to two people close to the businessman….
By David Shepardson WASHINGTON (Reuters) -The chair of the Senate Intelligence Committee on Wednesday urged CEOs of several artificial intelligence (AI) companies to prioritize security measures, combat bias, and responsibly roll out new technologies. Democratic Senator Mark Warner raised concerns about potential risks posed by AI technology. “Beyond industry commitments, however, it is also clear…
By Leah Douglas WASHINGTON (Reuters) – The Biden administration said on Wednesday the plan from U.S. Republican lawmakers to cut federal spending for a decade in exchange for raising the debt ceiling would cost rural communities thousands of jobs and billions of dollars. The House of Representatives could vote as soon as Wednesday on the…
