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 2023-03-16 20:22 

FX Empire

US regulators say deposits into First Republic Bank show system's resilience...

WASHINGTON (Reuters) Federal regulators and the Treasury Department on Thursday welcomed a decision by 11 larger banks to deposit $30 billion into regional bank First Republic Bank and said it showed the resilience of the U.S. banking system....

 2023-03-16 20:22 

FX Empire

Banking worries send US markets on dizzying ride...

By Lewis Krauskopf NEW YORK (Reuters) Tumult in the banking system has roiled investors over the past week, sending Treasury yields into a tailspin, slamming U.S. bank stocks and exacerbating fears of global financial contagion....

 2023-03-16 20:13 

FX Empire

UN backs Turkey, Ukraine in call for 120-day grain deal rollover...

By Michelle Nichols UNITED NATIONS (Reuters) A deal allowing the safe export of grain from several of Ukraine's Black Sea ports clearly calls for a 120-day rollover, the United Nations said on Thursday after Russia suggested extending the deal for jus...

 2023-03-16 20:10 

FX Empire

U.S. farm, food groups urge Congress to pass authority for new trade deals...

WASHINGTON (Reuters) More than 50 U.S. agriculture and food groups on Thursday urged Congress and to approve new legislation that will clear the way for the United States to negotiate more free-trade agreements, arguing that without them American agricult...

 2023-03-16 20:09 

FX Empire

France nuclear watchdog questions timing of some EDF reactors checks...

PARIS (Reuters) -French nuclear safety watchdog ASN said on Thursday power group EDF may have to stop some of its reactors for corrosion checks earlier than currently planned after new cracks were detected at three reactors this month....

 2023-03-16 20:07 

FX Empire

DBRS Morningstar cuts Credit Suisse credit rating to 'BBB'...

(Reuters) DBRS Morningstar became the first global rating agency to cut Credit Suisse's credit score on Thursday, less than a day after a major share price plunge saw Switzerland's central bank provide emergency support to the lender....

 2023-03-16 20:07 

FX Empire

UN Security Council asks for advice on dealing with Afghan Taliban...

By Michelle Nichols UNITED NATIONS (Reuters) The United Nations Security Council on Thursday asked Secretary-General Antonio Guterres to provide an independent assessment on how to deal with Afghanistan's Taliban administration and combat challenges i...

 2023-03-16 20:06 

FX Empire

North Dakota's top court will not revive state's abortion ban...

By Brendan Pierson (Reuters) North Dakota's Supreme Court on Thursday refused to revive a strict abortion ban previously blocked by a lower court, finding that the ban runs afoul of a right under the state constitution to abortion if it is needed to p...

 2023-03-16 20:06 

FX Empire

Argentina hikes interest rate 300 basis points after inflation breaks 100% barrier...

By Jorge Otaola BUENOS AIRES (Reuters) Argentina's central bank board said it agreed to hike the country's benchmark interest rate by 300 basis points to 78% on Thursday after annual inflation hit 100% for the first time in over three decades....

 2023-03-16 08:37 

FX Empire

Rio Tinto appoints directors with mining, renewable energy experience...

(Reuters) Rio Tinto has appointed two non-executive directors, the miner said on Thursday, in response to its chairman's call for more members with experience in mining and renewable energy on the company's board....

 2023-03-16 08:25 

FX Empire

Analysis-Swiss blank cheque wins some time for Credit Suisse...

By Stefania Spezzati and John O'Donnell...

 2023-03-16 08:22 

FX Empire

Spanish banks' exposure to Credit Suisse well below 1 billion euros, source says...

MADRID (Reuters) Spanish banks' exposure to Swiss lender Credit Suisse is immaterial and lower than 1 billion euros ($1.06 billion), a source with knowledge of the matter said on Thursday....

 2023-03-16 08:22 

FX Empire

Poland breaks up spy network, says defence minister...

WARSAW (Reuters) Poland has broken up a espionage network operating in the country, the defence minister said on Thursday, after private broadcaster RMF FM reported that a group of spies working for Russia had been detained....

 2023-03-16 08:19 

FX Empire

Taiwan warns Honduras against 'poison' of taking aid from China...

TAIPEI (Reuters) Taiwan warned Honduras on Thursday not to be tempted by the "poison" of aid from China no matter how indebted it was and ruled out getting involved in a bidding war for diplomatic allies with its mainland rival....

 2023-03-16 08:09 

FX Empire

Syria's Assad would like more Russian bases and troops...

MOSCOW (Reuters) Syrian President Bashar Al-Assad said in an interview published on Thursday that he would welcome any Russian proposals to set up new military bases and boost Russian troop numbers in Syria....

 2023-03-16 08:07 

FX Empire

S&P says SVB fallout won't lead to rating actions on APAC banks...

(Reuters) Ratings agency S&P on Thursday said the fallout from Silicon Valley Bank's collapse may not lead to any rating actions on Asia-Pacific banks as they are well placed to absorb potential contagion effects....

 2023-03-16 08:07 

FX Empire

Jefferies sees softer impact of Credit Suisse crisis on India...

(Reuters) India's banking sector will likely have a softer impact from the troubles at Credit Suisse, given the Swiss lender's relatively small presence in the country, equity analysts at Jefferies said on Thursday....

 2023-03-16 08:06 

FX Empire

Turkish undertaker's family move to cemetery as he buries earthquake dead...

By Susana Vera ISKENDERUN, Turkey (Reuters) Tasked with burying hundreds of victims of Turkey's massive earthquakes, undertaker Ali Dogru brought his wife and four sons to live in an old bus by the cemetery where he works in the city of Iskenderun, so...

 2023-03-16 07:59 

FX Empire

Cyclone Freddy toll surpasses 300 as Mozambique counts bodies...

MAPUTO (Reuters) The death toll from Tropical Cyclone Freddy has passed 300 people as the body count continues to rise, with authorities in Mozambique taking several days to assess the extent of the damage and loss of life....

 2023-03-16 07:54 

FX Empire

Credit Suisse shares leap 35% as markets cheer lifeline...

ZURICH/LONDON (Reuters) Credit Suisse shares soared by at least 30% in premarket trading on Thursday after the company secured a $54 billion lifeline from the Swiss National Bank to shore up liquidity and investor confidence that sent its stock to record ...

 2023-03-16 07:53 

FX Empire

Oil regains some ground after Credit Suisse handed a lifeline...

By Laura Sanicola Oil prices rose in early Asian trade on Thursday, clawing back some ground from more than one-year lows hit in the previous session as markets calmed somewhat after Credit Suisse was thrown a financial lifeline by Swiss regulators....

 2023-03-16 07:52 

FX Empire

Indonesia central bank leaves interest rates unchanged...

JAKARTA (Reuters) Indonesia's central bank held interest rates unchanged on Thursday and stuck by its message that previous hikes were sufficient to steer inflation back to within target later this year....

 2023-03-16 07:44 

FX Empire

Analysis-Investors brace for hard landing as banking woes stoke recession fears...

By David Randall NEW YORK (Reuters) Fears of a recession are growing on Wall Street, as stress in the banking sector following the collapse of Silicon Valley Bank and worries over the fate of Credit Suisse darken the outlook for the economy and markets....

 2023-03-16 07:37 

FX Empire

US regulators to visit Hong Kong for fresh round of audit inspections sources...

By Xie Yu and Selena Li HONG KONG (Reuters) Officials from the U.S. audit watchdog will start a new round of inspections in Hong Kong on Chinese companies' auditors as soon as next week, sources said, as part of a deal with Beijing to...

 2023-03-16 07:37 

FX Empire

Swedish 5-year inflation expectations fall in March...

STOCKHOLM (Reuters) Long-term inflation expectations among financial and business groups in Sweden fell in March, a poll commissioned by the central bank showed on Thursday....

 2023-03-16 07:35 

FX Empire

Greek strike over deadly train crash to halt transport...

ATHENS (Reuters) Flights to and from Greece will be grounded and ships will remain docked at ports on Thursday, as Greek workers walk off the job to protest over the country's deadliest train crash on record which killed 57 people on Feb. 28....

 2023-03-16 07:29 

FX Empire

Credit Suisse secures $54 billion lifeline as authorities rush to avert global bank crisis...

By Tom Westbrook and David Lawder (Reuters) Credit Suisse on Thursday said it was taking "decisive action" to strengthen its liquidity by borrowing up to $54 billion from the Swiss central bank after a slump in its shares intensified fears about a...

 2023-03-16 07:14 

FX Empire

Pakistan court postpones police operation to arrest Imran Khan...

LAHORE, Pakistan (Reuters) A Pakistan high court on Thursday barred police operation for another day to arrest former Prime Minister Imran Khan, his aide said....

 2023-03-15 23:50 

FX Empire

TikTok says US threatens ban if Chinese owners don't sell stakes...

(Reuters) The Committee on Foreign Investment in the United States (CFIUS) is asking TikTok's Chinese owners to sell their stakes in the short-form video app or face a possible ban in the United States, the Wall Street Journal reported on Wednesday, c...

 2023-03-15 23:22 

FX Empire

ECB rate hike plans clouded by financial turmoil...

By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) European Central Bank policymakers are meeting on Thursday amidst turmoil in financial markets that could force it to divert from plans for another hefty interest rate hike even though inflation r...

 2023-03-15 23:22 

FX Empire

North Korea convenes meeting on agricultural stability amid food shortage woes...

SEOUL (Reuters) North Korea held a cabinet-level meeting to discuss the issue of agricultural stability on Wednesday amid fears of food shortages, state media KCNA reported on Thursday....

 2023-03-15 23:21 

FX Empire

Bahamas ex-minister charged in bribes-for-contracts scheme...

NASSAU (Reuters) Bahamas former youth, sports and culture minister Lanisha Rolle was slapped with a slew of charges related to bribery and a government contracts scheme during her time as minister for deals valued at over $700,000....

 2023-03-15 23:13 

FX Empire

North Korea launches missile ahead of South Korea-Japan summit...

SEOUL (Reuters) North Korea fired a ballistic missile into the sea off its east coast, South Korea's Joint Chiefs of Staff said on Thursday....

 2023-03-15 23:07 

FX Empire

Branson's Virgin Orbit to pause ops, furlough nearly all employees source...

(Reuters) -Richard Branson's Virgin Orbit is furloughing nearly all its employees and pausing operations for a week as it looks for funding, CNBC reported on Wednesday, citing people familiar with the matter....

 2023-03-15 23:07 

FX Empire

Japan battles to persuade its big brands to join military buildout...

By Tim Kelly and Kaori Kaneko (Reuters) As Tokyo spins up its defence industry for the country's largest military expansion since World War Two, it has run into a challenge: some of Japan's best-known brands are reluctant to invest in the military...

 2023-03-15 23:06 

FX Empire

New Zealand's economy shrinks in Q4, changing rate outlook...

By Lucy Craymer WELLINGTON (Reuters) New Zealand's economy shrank in the last quarter as the central bank's aggressive interest rate hikes led businesses to invest less and consumers to reduce spending. Official data on Thursday showed gross domes...

 2023-03-15 23:05 

FX Empire

Exclusive-TSMC's Germany chip plant talks hone in on govt subsidies -sources...

By Ben Blanchard TAIPEI (Reuters) Taiwan chipmaker TSMC's talks with the German state of Saxony about building a new factory are at an advanced stage and are now focused on government subsidies to support the investment, two people familiar with the m...

 2023-03-15 22:51 

FX Empire

Ukraine war: US and Russian military chiefs in rare talks after drone downed...

By Phil Stewart, Idrees Ali and Olena Harmash...

 2023-03-15 22:46 

FX Empire

France accused of 'delaying' EU shells for Ukraine -The Telegraph...

(Reuters) France was accused of slowing down a European Union 2-billion-euro ($2.12 billion) package for purchasing weapons for Ukraine by demanding that the munitions be manufactured inside the bloc, The Telegraph reported on Wednesday....

 2023-03-15 22:39 

FX Empire

Large U.S. banks view Credit Suisse exposure as manageable -sources...

By Lananh Nguyen, Tatiana Bautzer and Saeed Azhar...

 2023-03-15 22:36 

FX Empire

U.S. court sentences Mexican ex-governor to nine years for money laundering...

MEXICO CITY (Reuters) A U.S. judge on Wednesday sentenced a former Mexican governor to nine years in prison for accepting at least $3.5 million in illegal bribe money and using it to fraudulently purchase property in the United States....

 2023-03-15 21:37 

FX Empire

Chile's Boric to strengthen border security in north, expedite expulsions...

SANTIAGO (Reuters) Chile's President Gabriel Boric said on Wednesday that the government will strengthen border security in the north in an effort to reduce the flow of unauthorized immigration....

 2023-03-15 21:36 

FX Empire

Seven Virginia sheriffs deputies arrested in death of suspect...

By Dan Whitcomb (Reuters) Seven Henrico County, Virginia, sheriffs deputies have been arrested and charged with second-degree murder in the death of a suspect who was being transported to a mental health facility from jail....

 2023-03-15 21:30 

FX Empire

Judge mulls banning abortion pill in US, questions regulatory approval...

By Brendan Pierson (Reuters) A U.S. judge in Texas is set to hear arguments on Wednesday in a bid by anti-abortion groups to ban sales of the abortion pill mifepristone across the country, even in states where abortion is legal, as they challenge regulato...

 2023-03-15 21:24 

FX Empire

Farmers protest party BBB in close tie for top spot in Dutch Senate -exit poll...

By Bart Meijer AMSTERDAM (Reuters) Farmers protest party BBB looked set to become one of the largest parties in the Dutch Senate, a first exit poll following regional elections held on Wednesday showed....

 2023-03-15 21:23 

FX Empire

Global sell-off resumes after Credit Suisse renews worries; gold rallies...

By Ankur Banerjee SINGAPORE (Reuters) Asian equities rose sharply on Wednesday, tracking a relief rally on Wall Street and as U.S. inflation data delivered no nasty surprises, reinforcing hopes the Federal Reserve will likely go for a smaller rate hike wh...

 2023-03-15 21:23 

FX Empire

Dutch farmers' protest party wins 15 Senate seats, shakes up political landscape...

By Bart H. Meijer AMSTERDAM (Reuters) A farmers' protest party looks set to shake up the political landscape in the Netherlands on Wednesday, with polls indicating it will be the big winner in provincial elections that determine the make-up of the Sen...

 2023-03-15 21:22 

FX Empire

Fed's new instant payments system to launch in July...

(Reuters) The U.S. central bank will launch its "FedNow" instant payment service in July, the Federal Reserve said on Wednesday, with certification and testing for early adopters starting in the first week of April....

 2023-03-15 21:22 

FX Empire

Fintech Stripe valued at $50 billion in latest funding round...

(Reuters) -Digital payments processor Stripe said on Wednesday it was valued at $50 billion in its latest funding round, much less than the $95 billion valuation in its previous fundraising....

 2023-03-15 21:08 

FX Empire

UN sees renewed momentum toward Yemen peace spurred by Saudi, Iran deal...

UNITED NATIONS (Reuters) The United Nations Yemen mediator urged the warring parties on Wednesday to "seize the opportunity" to take decisive steps toward peace and said momentum to end the conflict had been renewed by a deal between Saudi Arabia ...

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