By Sabrina Valle and Marianna Parraga HOUSTON (Reuters) – U.S. oil producer Chevron Corp could raise its production in Venezuela this year by up to 50%, to 150,000 barrels of oil per day (bpd), without significant new investments, Chief Executive Michael Wirth said on Friday. The second-largest U.S. producer in November became the first U.S….
By Khalid Abdelaziz, Nafisa Eltahir and Aidan Lewis KHARTOUM (Reuters) -Alarmed that movements of rival military factions in Sudan could bring bloodshed, a group of mediators pushed for last-ditch talks between army chief Abdel Fattah al-Burhan and paramilitary commander General Mohamed Hamdan Dagalo two weeks ago. But neither of Sudan’s two most powerful men showed…
(Reuters) – Last month’s failure of New York-based Signature Bank was caused by “poor management” and a pursuit of “rapid, unrestrained growth” with little regard for risk management, the Federal Deposit Insurance Corporation said on Friday in a report detailing its supervision and regulation of the regional bank. Bank management and its board chased growth…
(Reuters) – Russia’s forecast of a 2023 budget deficit of no more than 2% of gross domestic product (GDP) remains in force but much depends on oil and gas revenues, Finance Minister Anton Siluanov was quoted as saying on Friday. “So far, these benchmarks are unchanged, but to say that it will be exactly 2%,…
By Moira Warburton (Reuters) – New York will return three antiquities worth $725,000 to the people of Yemen, Manhattan District Attorney Alvin Bragg announced on Friday, as part of a criminal investigation into a Manhattan-based private collector. The antiquities – including an alabaster ram from the 5th century B.C.E., which was looted during the Yemeni…
MOSCOW (Reuters) – President Vladimir Putin on Friday said Russia needed to act quickly to counter what he called the West’s “economic aggression”, adding Moscow would expand ties with countries in Eurasia, Africa and Latin America. Russia’s economy has faced multiple challenges this year, including a weaker rouble, lower energy revenues and further isolation as…
(Reuters) – The Federal Reserve issued a detailed and scathing assessment on Friday of its failures to identify problems and push for fixes at Silicon Valley Bank before the regional U.S. lender’s March 10 collapse, and called for stricter rules for banks. Fed Vice Chair for Supervision Michael Barr called the review “unflinching,” describing the…
By Yoruk Bahceli and Davide Barbuscia AMSTERDAM/NEW YORK (Reuters) – In mid-March, as prices for U.S. Treasury bonds swung wildly following the collapse of Silicon Valley Bank, the trading desk at Legal & General Investment Management hit its top limits for both profit and loss several times in a single day. “We’d be swinging from…
(Reuters) – The U.S. House of Representatives on Friday voted to repeal President Joe Biden’s suspension of tariffs on solar panels from four Southeast Asian nations with manufacturing facilities owned by China. The resolution passed in a 221-202 vote. It will now be sent to the Democratic-controlled Senate for consideration. The White House has…
LONDON (Reuters) – Ron DeSantis met Britain’s foreign minister James Cleverly during a visit to London on Friday aimed at boosting economic ties, ahead of an expected announcement by the Florida governor that he will run for U.S. president. DeSantis has been on an international tour this week as he prepares to launch a 2024…
