By Niket Nishant (Reuters) – First Republic Bank’s market value plunged below $1 billion for the first time ever on Wednesday after a report said the U.S. government was unwilling to intervene in the rescue process, hammering the lender’s stock. After a brutal selloff, the bank’s market capitalization was about $886 million at its lowest…
By Kanishka Singh and Nate Raymond WASHINGTON (Reuters) -A former Harvard University professor was sentenced on Wednesday to six months’ house arrest for lying about his ties to a China-run recruitment program, prosecutors said, in one of the highest-profile cases resulting from a crackdown on Chinese influence on U.S. research. Charles Lieber, a renowned nanoscientist…
WASHINGTON (Reuters) -A second American has died in Sudan, the White House said on Wednesday, and U.S. authorities are helping a small number of citizens seeking to leave the country during a ceasefire that has curbed fighting. While sporadic violence continues, the ceasefire announced by the United States on Monday appears to be holding, White…
NEW YORK (Reuters) – Brian Kolfage, a former associate of Steve Bannon, was sentenced on Wednesday to more than four years in prison, after he admitted to conspiring to defraud donors to a campaign to build former President Donald Trump’s wall along the U.S.-Mexican border. (Reporting by Luc Cohen in New York)
BUDAPEST (Reuters) – Hungary’s government has infringed the National Bank of Hungary’s (NBH) independence with a decree restricting access to the bank’s discount bill and by extending a cap on large commercial bank deposits until end-June, the European Central Bank said on Wednesday. Hungary’s government last month extended a cap on large commercial bank deposits…
(Reuters) -Russia’s weekly consumer prices rose at a faster pace in the week to April 24, data from state statistics service Rosstat showed on Wednesday, cementing expectations that the central bank will keep interest rates on hold on Friday. The Bank of Russia is expected to hold its key interest rate at 7.5% on Friday,…
By Khushi Mandowara and Leroy Leo (Reuters) -Humana Inc raised its annual adjusted profit forecast on Wednesday after lower medical costs in the firm’s government-backed health insurance business helped it beat profit estimates for the first quarter. The company’s upbeat outlook contrasts the uncertainty around 2024 earnings for health insurers staring at the end of…
LOS ANGELES (Reuters) – Walt Disney Co sued Florida Republican Governor Ron DeSantis on Wednesday, asking a court to overturn state efforts to exert control over the company’s Walt Disney World theme parks in Orlando. (Reporting by Lisa Richwine; Editing by Chizu Nomiyama)
By Marta Nogueira RIO DE JANEIRO (Reuters) – Public prosecutors in the Brazilian state of Minas Gerais have filed a lawsuit against AngloGold Ashanti seeking 50 million reais ($9.91 million) in damages after the gold mining company allegedly withheld expert advice from authorities indicating a lack of stability in one of its dams, according to…
By Lucia Mutikani WASHINGTON (Reuters) – New orders for key U.S.-manufactured capital goods fell more than expected in March and shipments declined, suggesting that business spending on equipment likely remained a drag on economic growth in the first quarter. But the economy appears to have stayed on a solid growth path last quarter, with other…
