Germany to earmark 4 billion euros annually for power subsidy – economy minister
BERLIN (Reuters) – Germany plans to earmark around 4 billion euros ($4.40 billion) annually to subsidize electricity prices for energy-intensive…
Economy
First Citizens sues HSBC for hiring away Silicon Valley Bank staff
By Daniel Wiessner (Reuters) -First Citizens BancShares Inc, which acquired Silicon Valley Bank following its collapse, sued HSBC Holdings PLC…
JPMorgan sees rise in corporate defaults in Latin America
(Reuters) – JPMorgan increased its corporate default rate forecast for all emerging markets to 6% from 5.5% on Monday, citing…
Banks win dismissal of U.S. silver price-fixing litigation
By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Monday dismissed long-running litigation by investors who accused HSBC…
Credit Suisse bankruptcy event has not occurred – CDS panel
By Herbert Lash (Reuters) -A derivatives committee ruled on Monday that a bankruptcy credit event had not occurred in relation…
Dollar gains against yen as Fed policy, debt ceiling in focus
By Karen Brettell NEW YORK (Reuters) – The dollar rose against the Japanese yen on Monday, holding just below a…
Oil rises 1% as supplies shrink, demand seen higher
By Scott DiSavino NEW YORK (Reuters) -Oil prices edged up 1% on Monday with a rise in U.S. gasoline futures…
Brazil’s government hikes estimate for 2023 budget deficit
BRASILIA (Reuters) – Brazil’s finance ministry forecast a primary budget deficit of 136.2 billion reais ($27.22 billion) this year, compared…
Argentina’s new top banknote is worth as little as $4
By Eliana Raszewski BUENOS AIRES (Reuters) – Argentina’s new 2,000-peso bill, the largest denomination note, went into circulation on Monday,…
Exclusive-Prosiebensat.1, Sky revive talks on German TV tie-up
By Elvira Pollina and Amy-Jo Crowley MILAN/LONDON (Reuters) – German media group ProSiebenSat.1 and European pay-TV operator Sky have revived…