NEW YORK (Reuters) -Wells Fargo said on Tuesday it expects to pay as much as $1.8 billion to help replenish a government deposit insurance fund that was drained of $16 billion this year after three banks collapsed. Under a Federal Deposit Insurance Corporation (FDIC) proposal, Wells Fargo estimates it will face a pretax “special assessment”…
By Lucy Craymer WELLINGTON (Reuters) -The New Zealand jobless rate hit a two-year high in the June quarter as strong demand for labour was met by a jump in the number of people looking for work, helping keep a lid on wage pressures and thus interest rates. Data released by Statistics New Zealand on Wednesday…
By Sarah Wu and Yimou Lee TAIPEI (Reuters) -Taiwan Vice President William Lai will stop in New York and San Francisco in the United States on his way to and from Paraguay for the inauguration of its new president, Taiwan’s presidential office said on Wednesday. Taiwan’s government last month announced Lai’s transits without specifying details,…
By Jeff Mason and Steve Holland REHOBOTH BEACH, Delaware (Reuters) -As Donald Trump was being indicted on Tuesday evening for attempting to overturn the 2020 election, the third criminal case against him, U.S. President Joe Biden enjoyed a day at the beach. Biden rode his bike, ate at a seafood restaurant, saw a movie and…
By Leika Kihara TOKYO (Reuters) -Some Bank of Japan (BOJ) board members said domestic inflation might hold above the central bank’s 2% target, minutes of their June policy meeting showed, providing insight into BOJ’s move last week to let some rates rise along with increasing prices. While one member called for a review of the…
By Byron Kaye SYDNEY (Reuters) – Before COVID-19 sent one-third of the global workforce home, the Melbourne property surveyor that employs drone operator Nicholas Coomber called its 180-strong staff into the office every day at 9 a.m. to hand out assignments. Now that they work from home, the surveyors travel straight to the field as…
By Jack Queen (Reuters) – Donald Trump was charged on Tuesday with four felonies over his efforts to undo his 2020 election loss to U.S. President Joe Biden. Here is a look at the federal charges and how Trump might defend himself. CONSPIRACY TO DEFRAUD THE U.S. This is a very broad law that covers…
(Reuters) -The Bahamian government on Tuesday welcomed Kenya’s decision to lead a multinational force in Haiti and committed 150 people to support the effort if the United Nations authorizes the force. The announcement from the Bahamas’ foreign ministry follows a request on Monday from U.N. Secretary General Antonio Guterres that Haiti’s neighbors join forces with…
By Idrees Ali and Phil Stewart WASHINGTON (Reuters) -North Korea has offered a very brief response to the United Nations Command about a U.S. soldier who dashed over the heavily-guarded border with South Korea on July 18 and was immediately taken into custody, the Pentagon said on Tuesday. However, Pentagon spokesperson Brigadier General Patrick Ryder…
NEW YORK (Reuters) -A body found in a New York City creek has been identified as missing John Castic, a Goldman Sachs staffer, the New York City Police Department said. Castic was a member of Goldman’s controllers team working closely with its asset and wealth management business, the Wall Street firm said. “The Office of…
