(Reuters) – Silicon Valley Bank’s customers in Asia whose deposits were recently seized by the U.S. Federal Deposit Insurance Corp (FDIC) are under pressure to repay loans to First Citizens Bank, The Wall Street Journal reported on Monday. According to the report, when SVB failed in March, the FDIC stepped in to protect all of…
By Philip Pullella VATICAN CITY (Reuters) – U.S. climate envoy John Kerry said on Monday that the United States and China – the world’s two biggest greenhouse gas emitters – must create a partnership to tackle climate change without allowing their differences on other issues get in the way. Kerry spoke to Reuters in front…
(Reuters) – Juneteenth is the newest federal holiday and commemorates the emancipation of enslaved Black Americans. U.S. President Joe Biden signed the bill creating the holiday in 2021. Juneteenth, long a regional holiday in the U.S. South, rose in prominence following protests in 2020 over police killings of George Floyd, Breonna Taylor, Rayshard Brooks and…
FRANKFURT (Reuters) -The European Central Bank should err on the side of further interest rate hikes as inflation could come in even higher than it expects, two ECB policymakers said on Monday, even as the bank’s chief economist opened the door to a pause. The ECB has raised rates by a combined four percentage points…
(Reuters) – Drugmaker AstraZeneca is drafting a plan to spin off its China business, and listing a separate unit in Hong Kong is being viewed as an option, the Financial Times reported on Sunday. A separation might not ultimately take place, the report said, citing people familiar with the matter, with one of them saying…
By Lefteris Papadimas and Karolina Tagaris KALAMATA, Greece (Reuters) -A Syrian teenager who survived a shipwreck that killed at least 78 people off Greece was emotionally reunited with his elder brother on Friday, but there was no news for other relatives searching for loved ones. Witness accounts suggested between 400 and 750 people had packed…
By Ahmed Eljechtimi RABAT (Reuters) – The International Monetary Fund (IMF) is working on a platform for central bank digital currencies (CDBCs) to enable transactions between countries, IMF Managing Director Kristalina Georgieva said on Monday. “CBDCs should not be fragmented national propositions… To have more efficient and fairer transactions we need systems that connect countries:…
By Ahmed Eljechtimi RABAT (Reuters) – The International Monetary Fund (IMF) is working on a platform for central bank digital currencies (CDBCs) to enable transactions between countries, IMF Managing Director Kristalina Georgieva said on Monday. “CBDCs should not be fragmented national propositions… To have more efficient and fairer transactions we need systems that connect countries:…
MADRID (Reuters) – The European Central Bank is likely to raise interest rates again next month but it is too early to predict the decision of the September meeting, which will be shaped by incoming data, the ECB’s chief economist Philip Lane said on Monday. The ECB raised euro zone borrowing costs to their highest…
PARIS (Reuters) – GE Chairman and GE Aerospace CEO Larry Culp said on Monday all options were on the table, when asked whether the company would be interested in investing in a new engine for a potential larger version of the Airbus A220 jet. “I don’t think we would rule anything in or rule anything…
