By Doina Chiacu and David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen told bank CEOs on Thursday that more mergers may be necessary after a series of bank failures, CNN reported on Friday, citing two people familiar with the matter. A Treasury spokesperson declined to comment on the meeting with CEOs of the largest…
By Daphne Psaledakis WASHINGTON (Reuters) – The United States, Canada and the United Kingdom issued fresh sanctions on Russia on Friday over its invasion of Ukraine. Here are the main sanctions, announced during a G7 summit in Japan. U.S. TREASURY DEPARTMENT SANCTIONS The Treasury Department imposed sanctions on 22 people and 104 entities with touchpoints…
By Daphne Psaledakis and Simon Lewis WASHINGTON (Reuters) -The United States on Friday announced sanctions on more than 300 targets as Group of Seven leaders met in Japan, aiming to punish Russia for its invasion of Ukraine and intensifying one of the harshest sanctions efforts ever implemented. The move, which targets Russia’s sanctions evasion, future…
LONDON (Reuters) – The European Central Bank must continue its fight to tame inflation “with determination” because wages are rising, fiscal policy is too generous and inflation expectations remain too high, ECB board member Isabel Schnabel said on Friday. Striking a similar tone, ECB President Christine Lagarde said earlier in the day that the central…
By Ross Colvin (Reuters) -Republican U.S. Senator Tim Scott on Friday entered the 2024 presidential race, joining Donald Trump in the growing list of Republicans seeking to unseat Democratic President Joe Biden. Here is a list of declared candidates and other potential 2024 hopefuls in both the Democratic and Republican parties. TIM SCOTT The only…
By Moira Warburton WASHINGTON (Reuters) – U.S. Senator Tim Scott on Friday launched a bid for the 2024 Republican presidential nomination. He is the only Black Republican candidate so far, and says he is running as an antidote to racial and cultural divisiveness in the United States. Here are key facts about Scott’s life and…
NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell said Friday that the aftereffects of recent banking sector troubles takes some pressure off the U.S. central bank to raise rates. Tighter credit conditions mean that “our policy rate may not need to rise as much as it would have otherwise to achieve our goals,” Powell…
By Maya Gebeily (Reuters) – Every handshake would count, and Syria’s President Bashar al-Assad had plenty of them at Friday’s Arab League Summit – along with hugs and kisses – from his onetime foes in the region. As he strolled into the summit venue in the Saudi city of Jeddah on Friday afternoon, a beaming…
By Andy Sullivan LAKE CHARLES, La. (Reuters) -In Washington, Republican U.S. Representative Clay Higgins has been a vocal advocate for spending cuts. Back home in Louisiana, it’s a different story. The cowboy-hat wearing conservative regularly highlights federal funding for hospitals, bridges and ports in his district, while voting against the spending bills that include them…
By Richard Cowan, Leah Douglas WASHINGTON (Reuters) -Democrats in the U.S. Congress expressed frustration with President Joe Biden’s willingness to engage with Republicans demanding tougher work requirements for food aid recipients as part of any deal to raise the nation’s debt ceiling. They have stopped short of threatening to block such moves, as talks on…
