By Daphne Psaledakis and Humeyra Pamuk WASHINGTON (Reuters) – The United States on Thursday said it condemned the burning of a Koran outside a mosque in Sweden, but added that issuing the permit for the demonstration supported freedom of expression and was not an endorsement of the action. A man tore up and burned a…
By Dietrich Knauth NEW YORK (Reuters) – A U.S. bankruptcy judge said Thursday that he would allow SVB Financial Group to sell its investment banking division, once the company has ensured that it is not releasing any liabilities related to the collapse of its Silicon Valley Bank unit. U.S. Bankruptcy Judge Martin Glenn in Manhattan…
PARIS (Reuters) – Youths clashed with riot police on the sidelines of a march held on Thursday in tribute to a 17-year-old shot dead by police earlier this week in the Paris suburb of Nanterre, according to Reuters correspondents at the scene. Riot police fired tear gas at youths who had gathered for the march,…
By Davide Barbuscia NEW YORK (Reuters) -Several parts of the U.S. Treasury yield curve are reaching deeper levels of inversion, a sign that bond investors are increasingly worried about an economic slowdown as the Federal Reserve looks set to raise interest rates further. An inverted yield curve occurs when yields on shorter-dated Treasuries rise above…
By Valentine Hilaire (Reuters) – Panama expects international financial-crime watchdog FATF to remove it this October from a watch list for nations deemed to be doing too little to fight money laundering, the country’s deputy finance minister said, adding that other intergovernmental groups might follow suit. The Central American nation urgently needs to exit the…
By Andrew Chung and John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court on Thursday struck down race-conscious admissions programs at Harvard University and the University of North Carolina, effectively prohibiting affirmative action policies long used to raise the number of Black, Hispanic and other underrepresented minority students on American campuses. In a blockbuster decision that…
By Jose Luis Gonzalez and Steve Gorman TRUTH OR CONSEQUENCES, New Mexico (Reuters) -A three-man crew from Italy soared more than 50 miles (80 km) above the New Mexico desert on Thursday aboard a Virgin Galactic rocket plane, the company’s first flight of paying customers to the edge of space since British billionaire Richard Branson…
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell last week by the most in 20 months, the latest sign of the economy’s resilience that could push the Federal Reserve to resume raising interest rates in July. The unexpected decline in applications reported by the Labor Department…
WASHINGTON (Reuters) – The Pentagon said on Thursday it was not aware of any imminent decision about the provision of ATACM long-range missiles to Ukraine, following a news report from the Wall Street Journal suggesting Washington was close to providing them to Kyiv. Kyiv has long sought the U.S. Army Tactical Missile System, or ATACMS,…
WASHINGTON (Reuters) – A Chinese spy balloon that flew over the United States earlier this year before being shot down did not collect information as it went across the country, the Pentagon said on Thursday. “We assess that it did not collect while it was flying over the U.S.,” Pentagon spokesman Brigadier General Pat Ryder…
