By Pete Schroeder WASHINGTON (Reuters) -Large U.S. lenders will bear most of the cost of replenishing a deposit insurance fund that was drained of $16 billion by the collapse of Silicon Valley Bank and two other lenders, although mid-sized banks will also be on the hook, the Federal Deposit Insurance Corporation (FDIC) said on Thursday….
By Roberto Samora and Ana Mano SAO PAULO (Reuters) – JBS SA, the world’s largest meat company, on Thursday reported a net loss of 1.45 billion reais ($290.2 million) for the first quarter, blaming high grain prices and an over-supplied meat market for the worse-than-expected results. Analysts had expected a 297 million real loss, according…
(Reuters) -Russia’s defence ministry on Thursday denied reports that Ukrainian forces had broken through in various places along the front lines and said the military situation was under control. Moscow reacted after Russian military bloggers, writing on the Telegram messaging app, reported what they said were Ukrainian advances north and south of the eastern Ukrainian…
NEW YORK (Reuters) -Index provider MSCI said on Thursday two Adani-group companies will not be eligible for its global indexes, while 86 securities will be added to and 39 deleted from its widely followed MSCI ACWI stock index, as part of its quarterly index review. MSCI said earlier this week it would apply a “special…
(Reuters) -Canada’s second-biggest life insurer Sun Life Financial Inc on Thursday beat analysts’ estimates for first-quarter profit, powered by strong insurance sales at home and in the United States. Chief Executive Officer Kevin Strain said the insurer generated “strong growth in both health and protection sales,” as consumers prioritized health and financial security. Sun Life…
WASHINGTON (Reuters) – CIA Director William Burns on Thursday announced the appointment of the former head of the U.S. Navy’s sexual assault prevention program as part of a new effort to improve how the premier U.S. spy agency deals with sexual assault and harassment allegations. The moves follow a U.S. Senate intelligence committee letter in…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian markets look poised to end the week on a nervous note on Friday, after soft U.S. and Chinese data stoked worries about the global economy and ensured a jittery day on world markets on Thursday. The main…
By Jarrett Renshaw and Jeff Mason WASHINGTON (Reuters) – A debt limit meeting between U.S. President Joe Biden and top lawmakers that had been scheduled for Friday has been postponed, and the leaders agreed to meet early next week, a White House spokesperson said on Thursday. Aides from both sides have started to discuss ways…
(Reuters) – Southwest Airlines Co pilots’ union said on Thursday its members had approved a strike mandate by an overwhelming majority ahead of the busy summer travel season. The Southwest Airlines Pilots Association (SWAPA), which represents 10,000 pilots of the Dallas-based carrier, said 98% of its members participated in the vote and 99% voted in…
SAO PAULO (Reuters) -Brazil’s state-run oil company Petrobras reported a 14.4% decline in first-quarter net profit, hit by lower oil prices, the firm said in a statement on Wednesday, a result that nevertheless landed ahead of analysts’ expectations. Petrobras reported net profit of 38.16 billion reais ($7.63 billion) during the January to March, while analysts…
