BRASILIA (Reuters) -Brazilian President Luiz Inacio Lula da Silva’s government published an executive order aimed at increasing revenue by taxing the capital income from financial investments obtained abroad by individuals who reside in Brazil. Income earned from Jan. 1, 2024, will be considered for that purpose, said the text of the measure published on Sunday…
By David Lawder WASHINGTON (Reuters) – The U.S. Treasury Department said on Monday that authorities took “decisive actions” in response to the failures of First Republic Bank, Silicon Valley Bank and Signature Bank to strengthen public confidence in the banking system and would continue to do so. In a statement to the Treasury Borrowing Advisory…
By David Lawder WASHINGTON (Reuters) – The U.S. Treasury Department said on Monday that authorities took “decisive actions” in response to the failures of First Republic Bank, Silicon Valley Bank and Signature Bank to strengthen public confidence in the banking system and would continue to do so. In a statement to the Treasury Borrowing Advisory…
By Steve Gorman (Reuters) -Conservation groups sued the Federal Aviation Administration on Monday, challenging its approval of expanded rocket launch operations by Elon Musk’s SpaceX next to a national wildlife refuge in South Texas without requiring greater environmental study. The lawsuit comes 11 days after SpaceX made good on a new FAA license to send…
By Karen Lema and David Brunnstrom MANILA/WASHINGTON (Reuters) -Philippine President Ferdinand Marcos Jr said his meeting with U.S. President Joe Biden on Monday was essential in advancing his country’s national interest and strengthening the “very important alliance” between Manila and Washington. Before leaving for his four-day official visit to Washington, Marcos said on Sunday he…
By John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court on Monday agreed to decide whether the government can require commercial fishermen to help fund a program monitoring herring catches off New England’s coast in a case that could undercut the regulatory power of federal agencies. The justices took up an appeal by New Jersey-based…
By Hannah Lang and Ann Saphir WASHINGTON (Reuters) – A key U.S. banking regulator on Monday laid out a range of options for reforming the federal deposit insurance system and concluded that significantly increasing the backstop for bank accounts used for business purposes was the “most promising.” In the wake of March’s lightning-fast bank…
(Reuters) – A Texas A&M University-Texarkana baseball player who was struck by a stray bullet during a game remains in stable condition in an intensive care unit and has “significant injuries and complications” to overcome, the school said on Monday. Matthew DeLaney of Princeton, Texas, was hit on Saturday by a bullet that was fired…
By Andrew Chung (Reuters) – The U.S. Supreme Court on Monday declined to hear a challenge to the legality of an Indiana requirement that abortion providers bury or cremate embryonic or fetal remains following the procedure, sidestepping another dispute involving a contentious Republican-backed state policy concerning abortion. The justices turned away an appeal by an…
By Karen Brettell NEW YORK (Reuters) – The dollar rose to an almost two-week high against a basket of currencies on Monday before the Federal Reserve is expected to hike interest rates by an additional 25 basis points and after data showed that U.S. manufacturing pulled off a three-year low in April. Investors will focus…
