(Reuters) -Major U.S regional banks said their deposits mostly stabilized and net interest income rose after the first-quarter collapse of Silicon Valley Bank sparked industry turmoil, sending their shares soaring on Wednesday. Three major U.S. regional banks met or beat profit expectations as higher interest rates allowed them to charge more for loans. M&T Bank’s…
By Sinéad Carew (Reuters) – Shares in Discover Financial Services tumbled more than 13% in after-hours trading on Wednesday after its quarterly earnings fell short of expectations and it announced a share repurchase pause as it investigates incorrect classification of credit card accounts from around mid-2007. Discover, a U.S. provider of digital banking and payment…
MOSCOW/LONDON (Reuters) -Russia warned that from Thursday any ships traveling to Ukraine’s Black Sea ports will be seen as possibly carrying military cargoes, after Ukraine said it was setting up a temporary shipping route to try and continue its grain exports. The moves by both countries on Wednesday came just days after Russia quit a…
By Patricia Zengerle, Rami Ayyub and Josephine Walker WASHINGTON (Reuters) -Israeli President Isaac Herzog told U.S. lawmakers on Wednesday he welcomed criticism, especially from American friends, but said it must not cross the line into negation of Israel’s right to exist. That, he said, was antisemitism. Herzog, whose position is largely ceremonial, spoke to a…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. China’s central bank is expected to leave key interest rates on hold on Thursday, but the pressure to ease is growing almost by the day. Japanese trade, Australian unemployment and Hong Kong inflation data top…
By Dan Williams and Simon Lewis JERUSALEM/WASHINGTON (Reuters) – Israel said it will begin on Thursday allowing entry to all U.S. citizens, including Palestinian Americans living in the occupied West Bank and the Gaza Strip, in a policy change it hopes will secure visa-free access for Israelis to the United States. Washington has blocked Israel’s…
By Raul Cortes (Reuters) – The U.S. State Department added nearly 40 people from El Salvador, Honduras, Guatemala and Nicaragua, including former presidents and judges, to a list published on Wednesday of “corrupt and undemocratic actors.” Two former Salvadoran presidents – Mauricio Funes, who served from 2009 to 2014, and his successor Salvador Sanchez, whom…
By Nathan Gomes (Reuters) -Carvana shares closed up 40.2% at $55.80 on Wednesday after the troubled used-car retailer struck a deal with most of its term bondholders to cut its outstanding debt by more than $1 billion. The agreement, with a group including private-equity firm Apollo, eases some of Carvana’s liquidity issues as it struggles…
By Kanishka Singh WASHINGTON (Reuters) – The United States on Wednesday announced additional security assistance of about $1.3 billion for Ukraine in its war with Russia, the package including air defense capabilities, drones and munitions. “This announcement represents the beginning of a contracting process to provide additional priority capabilities to Ukraine,” the Pentagon said in…
By Alvaro Murillo SAN JOSE (Reuters) – The influence of Mexican drug gangs and increased cocaine output in Colombia have pushed murders toward record levels in Costa Rica, a top official said, casting a shadow over a country that has long been a beacon of stability in the region. Costa Rica closed 2022 with a…
