(Reuters) – State Street Corp reported a first-quarter profit on Monday that missed analysts’ estimates, hurt by a fall in fee income due to the recent U.S. banking crisis, sending the company’s shares down 10% in premarket trading. The collapse of two regional lenders in the United States last month shook investor confidence, raised liquidity …
State Street profit misses on lower fee income; shares fall Read More »
By Andrea Shalal WASHINGTON (Reuters) – The Group of Seven (G7) coalition will keep a $60 per barrel price cap on seaborne Russian oil, a coalition official said, despite rising global crude prices and calls by some countries for a lower price cap to restrict Moscow’s revenues. The G7 and Australia made the decision to …
Exclusive-G7 coalition to keep Russian oil price cap at $60 per barrel -source Read More »
(Reuters) – M&T Bank Corp beat Wall Street estimates for first-quarter profit on Monday, as the U.S. Federal Reserve’s rapid rate hikes to tame high inflation boosted the lender’s interest income. U.S. banking heavyweights have also reaped windfalls from higher interest payments in the first quarter, brushing off a crisis prompted by the collapse of …
M&T Bank Corp beats profit estimates as interest income doubles Read More »
By Helen Coster WILMINGTON, Delaware (Reuters) -The start of Dominion Voting Systems’ $1.6 billion defamation trial against Fox has been pushed back by a day, the judge said on Sunday, with a source familiar with the matter saying the media giant was pursuing settlement talks. The source, who was not authorized to speak publicly, told …
Fox defamation trial delayed, network pursues settlement talks Read More »
By Julia Symmes Cobb BOGOTA (Reuters) – Dissident FARC rebels who rejected a landmark peace agreement in 2016 said on Sunday they are ready to set up a dialogue with the government on May 16 to begin peace talks to bring their group, the Estado Mayor Central (EMC), out of the armed conflict.       Leftist …
FARC dissident group says to start peace talks with Colombian government in May Read More »
By Cheney Orr and Julia Harte DADEVILLE, Alabama (Reuters) -At least four people were killed and 28 wounded in a shooting that erupted during a late-night “Sweet 16” birthday celebration at a dance studio in the small town of Dadeville, Alabama, state police and local news media said on Sunday. Some of the injured were …
Four dead in Alabama ‘Sweet 16’ birthday party shooting Read More »
By Michael Erman (Reuters) -Merck & Co said on Sunday it will buy Prometheus Biosciences Inc for about $10.8 billion, picking up a promising experimental treatment for ulcerative colitis and Crohn’s disease and building up its presence in immunology. Merck will pay $200 per share for the California-based biotechnology company that specializes in treatments for …
Merck to build out immunology presence with $11 billion Prometheus deal Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Top-tier Chinese economic data including first-quarter GDP grabs the Asian spotlight this week, as investors across the region and beyond weigh whether the U.S. banking ‘crisis’ is in the rear view mirror or if there’s more serious trouble …
Marketmind: Are we calling it a banking crisis, shock … or blip? Read More »
By David Morgan WASHINGTON (Reuters) – U.S. House Republicans will try to agree on a plan to lift the federal $31.4 trillion debt ceiling and cut government spending when Congress returns this week, after being stymied for months by Democratic President Joe Biden’s demands they do so without conditions. House of Representatives Speaker Kevin McCarthy …
House Republicans chart new strategy to pressure Biden, Democrats Read More »
By Katharine Jackson WASHINGTON (Reuters) – The standoff over raising the U.S. federal government’s $31.4 trillion debt ceiling illustrates the stakes of U.S. Senator Dianne Feinstein’s lengthy absence from Washington, fellow Democratic Senator Amy Klobuchar said on Sunday. Feinstein, 89, faced calls from some fellow Democrats last week to resign her seat after being sidelined …
Debt ceiling fight shows stakes of Feinstein’s US Senate absence-Klobuchar Read More »
