By Luc Cohen NEW YORK (Reuters) -A former U.S. Marine sergeant who killed a homeless man by putting him in a chokehold on the New York City subway was charged with manslaughter on Friday in a Manhattan criminal court, hours after he surrendered to police. A viral video showed Daniel Penny putting 30-year-old Jordan Neely…
(Reuters) -Shares of major U.S. regional lenders edged higher on Friday, reversing early losses in skittish trading as investors bought some battered stocks but remained uncertain about the financial stability of mid-sized banks. Western Alliance rose 2.1%, Synovus Financial gained 2.2%, and Truist Financial added 1.8%. The KBW Regional Banking index, which has fallen nearly…
(Reuters) -Binance said on Friday it was withdrawing from Canada, weeks after the country issued a series of new guidelines for cryptocurrency exchanges including investor limits and mandatory registrations. Canada has tightened regulations for crypto asset trading platforms in recent months, with the introduction of a pre-registration process. The companies that do not adhere to…
By Olena Harmash and Ivan Lyubysh-Kirdey KYIV/KOSTIANTYNIVKA, Ukraine (Reuters) -Moscow acknowledged on Friday that its forces had fallen back north of Ukraine’s battlefield city of Bakhmut after a new Ukrainian offensive, in a retreat that the head of Russia’s Wagner private army called a rout. The setback for Russia, which follows similar reports of Ukrainian…
NEW YORK (Reuters) – The Credit Derivatives Determinations Committee (DC) accepted on Friday to look into a question on whether a “governmental intervention credit event” occurred with respect to Credit Suisse. The DC overlooking Europe will have to determine specifics of the subordination of Credit Suisse’s additional tier-1 (AT1) bonds, according to the DC website….
By Ann Saphir, Andrea Shalal and Jeff Mason WASHINGTON (Reuters) -U.S. President Joe Biden on Friday nominated Federal Reserve Governor Philip Jefferson to be the central bank’s vice chair, a key policy advisory role recently vacated when Lael Brainard took a top position in Biden’s White House economics team. Biden also nominated the World Bank’s…
By Miguel Lo Bianco and Hernan Nessi BUENOS AIRES (Reuters) -Argentina’s annual inflation rate soared to 109% in April, the country’s statistics agency said on Friday, smashing past analyst forecasts and stoking anger among hard-hit consumers who are increasingly having to skimp and save to get by. The South American nation, an important grains exporter…
By Laura Matthews NEW YORK (Reuters) – The U.S. dollar rose against the euro and sterling on Friday, and was on track for its biggest weekly gain since February, as investors shifted to safe havens after consumer sentiment data fueled concern about the U.S. debt ceiling and monetary policy. A University of Michigan survey on…
(Reuters) – The U.S. Trade Representative’s Office said on Friday it was extending exclusions from tariffs for 77 of 81 Chinese medical product import categories related to the COVID-19 pandemic. (Reporting by Jasper Ward and Doina Chiacu)
NEW YORK (Reuters) – Bond trading platform Tradeweb is in talks with clients, industry groups and other market participants about contingency plans in case of a U.S. debt default, a spokesperson said on Friday. Financial markets are jittery about the possibility that the U.S. Treasury could miss debt payments as President Joe Biden and top…
