By Tyler Clifford (Reuters) -One of the former Memphis police officers involved in the attempted arrest of Tyre Nichols will not face criminal charges and is expected to testify against five others accused of brutalizing the Black motorist to death, a prosecutor said on Tuesday. Shelby County District Attorney Steve Mulroy said his office declined…
By Gertrude Chavez-Dreyfuss and John McCrank NEW YORK (Reuters) – A decade after a manipulation scandal turned global regulators and investors against the London Interbank Offered Rate (LIBOR) as the global interest rate benchmark, major clearing houses are in the final weeks of the nearly $50 trillion transition of the U.S. rate swaps market to…
By Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Joe Biden and Vice President Kamala Harris are gearing up for their first fundraising events as soon as next week to help kick off their 2024 reelection campaign, according to people briefed on the plans. Some of the events being planned for Biden include a reception and dinner…
By Niket Nishant and Chibuike Oguh (Reuters) – Shares of regional banks PacWest Bancorp and Western Alliance Bank plunged on Tuesday as the demise of First Republic Bank triggered investor concern about the financial health of other mid-sized lenders. JPMorgan Chase agreed on Monday to acquire a majority of First Republic’s assets in a $10.6…
By David Morgan, Richard Cowan and Katharine Jackson WASHINGTON (Reuters) – Top U.S. Senate Republicans on Tuesday called on President Joe Biden to accept their party’s debt-ceiling package or make a counter-offer, while a top Democrat said the Senate might try to advance a “clean” debt-ceiling hike next week. With barely a month to go…
By Mike Stone and Patricia Zengerle WASHINGTON (Reuters) – The United States plans to announce as soon as Wednesday a new $300 million military aid package for Ukraine that will for the first time include a short-range air-launched rocket, two U.S. officials said. The Hydra 70 is an air-launched unguided rocket made by General Dynamics….
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador will meet with White House Homeland Security adviser Elizabeth Sherwood-Randall Tuesday morning in Mexico, Lopez Obrador’s office confirmed on Monday. The Mexican leader said earlier Monday he would meet with a representative for U.S. President Joe Biden to discuss migration, without saying who. On May…
By Sinéad Carew NEW YORK (Reuters) – Wall Street shares fell on Tuesday, a day ahead of the Federal Reserve’s interest rate decision, while U.S. Treasury yields fell as investors worried the government could run out of cash June 1 without a debt ceiling hike. Bank stocks underperformed sharply after the weekend failure of U.S….
(Reuters) – Shares of major U.S. regional banks fell further on Tuesday in the aftermath of the collapse of First Republic Bank, the largest U.S. bank failure since the 2008 financial crisis. JPMorgan Chase & Co on Monday bought a majority of First Republic Bank’s assets. Here is what analysts are saying about the sell-off…
By Julia Payne BRUSSELS (Reuters) – A group of 19 European Union member states are pushing for measures to reduce the bloc’s dependency on Chinese imports of pharmaceutical ingredients, a paper dated May 2 showed. The move comes a week after the European Commission proposed an overhaul of the legislation governing its 136 billion euro…
