By David Lawder WASHINGTON (Reuters) -The U.S. Federal Reserve is unlikely to be able to protect the U.S. economy from the damage caused by a failure to raise the federal debt ceiling, Fed Chair Jerome Powell said on Wednesday, adding that the government should never be in a position where it is unable to pay…
By Laura Matthews and Saqib Iqbal Ahmed NEW YORK (Reuters) – The cost of insuring against further losses in regional U.S. bank stocks stood near a one-month high in options markets on Wednesday, even as shares of lenders saw a reprieve from their recent sell-off. The 30-day implied volatility on the SPDR S&P Regional Banking…
By Emma Farge GENEVA (Reuters) – The World Health Organization said on Wednesday that it has dismissed a senior scientist, known for his role as the head of an international mission to China to probe the origins of COVID-19, for sexual misconduct. The U.N. agency said Peter Ben Embarek, a Danish scientist who previously headed…
NEW YORK (Reuters) – U.S. interest rate futures on Wednesday have priced in a pause in Federal Reserve tightening at the June and July policy meetings, according to the CME’s FedWatch tool, after the U.S. central bank raised interest rates by 25 basis points and signaled it may hold off on further increases. The Fed’s…
By Anirban Sen, Jaiveer Shekhawat and Lananh Nguyen (Reuters) – Goldman Sachs Group Inc has named Kim Posnett as the head of its global technology, media and telecommunications (TMT) investment banking group, according to an internal company memo. Posnett, who joined Goldman in 2005 and became a partner in 2016, has held several top roles…
MILAN (Reuters) – UniCredit will use restructuring charges it is set to book this year to fund voluntary exits after receiving some 1,900 requests from staff late last year of which it met less than half, two people close to the matter said. In reporting stronger-than-expected quarterly results, UniCredit on Wednesday raised its profit goal…
WASHINGTON (Reuters) -The United States is offering a $10 million reward for information leading to the arrest of a Russian national charged with operating a Web platform key to the trade in stolen credit cards, the State Department said on Wednesday. An indictment unsealed on Wednesday in federal court in Brooklyn charged Denis Gennadievich Kulkov…
MOSCOW/KYIV (Reuters) – Russia accused Ukraine on Wednesday of a failed attempt to assassinate President Vladimir Putin in a drone attack on the Kremlin citadel in Moscow, and threatened to retaliate. Ukrainian President Volodymyr Zelenskiy said Kyiv had nothing to do with the reported overnight incident. “We don’t attack Putin, or Moscow, we fight on…
DUBAI (Reuters) -Iran seized a second oil tanker in a week on Wednesday in Gulf waters, and the U.S. State Department called for its release, in the latest escalation in a series of seizures or attacks on commercial vessels in Gulf waters since 2019. The Bahrain-based Fifth Fleet of the U.S. Navy said the Panama-flagged…
NEW YORK (Reuters) – The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point and signaled it may pause further increases, giving officials time to assess bank failures, how the Washington standoff over the U.S. debt ceiling plays out, the course of inflation. The U.S. central bank lifted it’s benchmark…
