By Chris Prentice NEW YORK (Reuters) – Federal prosecutors in Washington are looking into short seller activity around the recent volatility in U.S. bank shares sparked by the failure of three regional lenders since March, a source familiar with the matter said. Short sellers, traders that profit by betting shares will fall, have come under…
By Howard Schneider WASHINGTON (Reuters) – It wasn’t the March 10 collapse of Silicon Valley Bank that prompted Carissa Rodeheaver, head of a community bank tucked in the mountains of western Maryland, to rethink strategy. That process started last year when Federal Reserve interest rate hikes and a less certain economic environment caused Rodeheaver, the…
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador said Wednesday he would present a constitutional reform to have judges and magistrates elected by the people. Lopez Obrador has lashed out against the judiciary in recent days after an electoral reform, which would shrink the country’s elections authority, was partially struck down by the…
By Elida Moreno PANAMA CITY (Reuters) -The number of people arriving in the treacherous Darien Gap linking Panama with Colombia soared in April and early May, Panamanian government data shows, dealing a blow to U.S. efforts to curb undocumented migration to the north. According to figures from Panama’s Security Ministry seen by Reuters on Tuesday,…
By Gabriela Baczynska BRUSSELS (Reuters) -European Union states were holding a first discussion on Wednesday on proposed new sanctions over Russia’s war in Ukraine that would target Chinese and Iranian firms and allow export curbs on third countries for busting trade restrictions. Talks among the EU envoys were set to be heated, according to one…
By Valerie Volcovici and Leah Douglas WASHINGTON (Reuters) – The United Arab Emirates said on Tuesday that countries should agree to phase out fuel emissions – not the production of oil, gas and coal – at the upcoming U.N. climate change negotiations that it will host this December. The comments reflect deep divisions between nations…
By Umit Ozdal and Daren Butler DIYARBAKIR, Turkey (Reuters) – Formerly a Tayyip Erdogan supporter, broadcaster Mehmet Dalgic switched allegiance to his main challenger after the ruling AK Party failed to offer sympathy for the destruction of his TV station in southeast Turkey in February’s earthquake. The lack of support was the final straw in…
By Joseph White DETROIT (Reuters) – Ford Motor Co on Wednesday unveiled the latest addition to its muscle truck franchise – a Ranger Raptor midsize pickup with a 405-horsepower engine and a suspension designed for racing across the desert, made possible in part by Ford’s electric vehicles. The Ranger Raptor, and the rest of the…
(Reuters) – Twitter Inc Chief Executive Elon Musk on Tuesday revealed details about new features including adding calls and encrypted messaging coming to the platform. Last year, Musk flagged plans for “Twitter 2.0 The Everything App”, which he said would have features such as encrypted direct messages (DMs), longform tweets and payments. “Coming soon will…
By Marianna Parraga and Deisy Buitrago HOUSTON/CARACAS (Reuters) – Chevron Corp’s renewed oil operations in Venezuela begin a new phase next month that will boost production with the goal of accelerating a plan to recover all of the $3 billion of debt owed by the OPEC member by the end of 2025, four people close…
