Brazil government to tax income from financial investments obtained abroad
BRASILIA (Reuters) -Brazilian President Luiz Inacio Lula da Silva’s government published an executive order aimed at increasing revenue by taxing…
Economy
U.S. Treasury: ‘Decisive actions’ taken in response to bank failures
By David Lawder WASHINGTON (Reuters) – The U.S. Treasury Department said on Monday that authorities took “decisive actions” in response…
FDIC sees merits of increasing backstop for business accounts
By Hannah Lang and Ann Saphir WASHINGTON (Reuters) – A key U.S. banking regulator on Monday laid out a range…
Dollar gains before Fed meeting, jobs data
By Karen Brettell NEW YORK (Reuters) – The dollar rose to an almost two-week high against a basket of currencies…
Factbox-Why are Hollywood writers threatening to strike?
LOS ANGELES (Reuters) – Hollywood writers and the film and television studios are racing to agree to a new contract…
Oil drops 1% as economic growth concerns offset OPEC+ cuts
By Shariq Khan BENGALURU (Reuters) – Oil prices dropped by a dollar a barrel on Monday after weak economic data…
Explainer-Why First Republic Bank failed and what JPMorgan’s deal means
By Lawrence Delevingne (Reuters) – The focus of the U.S. regional banking crisis turned on First Republic Bank in late…
Biden urges Republicans take debt default off table, warns interest rates would jump
By Jeff Mason and Andrea Shalal WASHINGTON (Reuters) -U.S. President Joe Biden on Monday urged House of Representatives Speaker Kevin…
IMF’s Georgieva says more vulnerabilities in banking sector may be exposed
BEVERLY HILLS, California (Reuters) -International Monetary Fund Managing Director Kristalina Georgieva said on Monday she expects more weaknesses to be…
Options traders remain wary of regional banks after First Republic rescue
By Saqib Iqbal Ahmed and Laura Matthews NEW YORK (Reuters) – The weekend rescue of troubled lender First Republic Bank…