By Andrea Shalal WASHINGTON (Reuters) -The American Bankers Association on Thursday urged federal regulators to investigate a spate of significant short sales of publicly traded banking equities that it said were “disconnected from the underlying financial realities.” In a letter to U.S. Securities and Exchange Commission Chair Gary Gensler, the lobby group said it had…
By Praveen Menon and Roushni Nair (Reuters) -Australia’s Macquarie Group on Friday forecast higher short-term income from its lucrative commodities trading business as price volatility and increased hedging boosted the company’s annual profit to a record high. The Ukraine war and unpredictable weather in North America have turned Macquarie’s oil, gas and power trading unit…
By Steve Holland WASHINGTON (Reuters) -White House national security adviser Jake Sullivan said on Thursday he will travel to Saudi Arabia this weekend for talks with Saudi leaders, as the United States seeks to bolster often-frayed ties with Riyadh. Sullivan, speaking at a think tank conference, also said the United States will “take the necessary…
NEW YORK (Reuters) – An exiled Chinese businessman charged by U.S. prosecutors with leading a more than $1 billion fraud on Thursday appealed a judge’s order that he remain in jail pending trial, court records showed. Guo Wengui, once a business associate of former U.S. President Donald Trump’s adviser Steve Bannon, was arrested in March….
By Pavel Polityuk KYIV (Reuters) -Russian drones attacked the Ukrainian capital Kyiv on Thursday evening, the fourth assault in as many days subjecting residents to spasms of gunfire and explosions, and at least one drone was shot down. City authorities had declared an alert for Kyiv and the surrounding area. Residents who had gone to…
By Ann Saphir and Dan Burns WASHINGTON – A fight between Republicans and Democrats over the debt limit ceiling could send the U.S. economy into a recession even if the standoff doesn’t actually trigger a debt default, analysts say – and a much worse downturn with perhaps 7.5 million people thrown out of work if…
WASHINGTON (Reuters) -Azerbaijan and Armenia have made “tangible progress” towards a peace agreement in negotiations this week in Washington, U.S. Secretary of State Antony Blinken said on Thursday. Armenia and Azerbaijan have fought two wars over 30 years focusing on the territory of Nagorno-Karabakh, recognised as part of Azerbaijan but populated mainly by Armenians. In…
By Doyinsola Oladipo NEW YORK (Reuters) -Expedia Group Inc on Thursday beat Wall street estimates for first-quarter revenue on record lodging bookings as travel returns to urban markets and international travel demand approaches pre-pandemic levels. U.S. travel companies are benefiting from higher prices and record accommodation bookings as travel demand remains elevated despite concerns of…
By Clark Mindock (Reuters) -Environmental groups have sued California regulators over new rules they say will discourage the growth of rooftop solar installations, in violation of state law. Three groups filed a petition on Wednesday asking a state court in San Francisco to review and set aside the California Public Utilities Commission’s policy changes, which…
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) – The Hollywood writers’ strike that kicked off this week could last well into the summer and likely beyond, top executives close to the discussions told Reuters this week. On day three of the walkout that has roiled the industry, the two sides remained so far…
