Reuters USA

(Reuters) – California’s financial regulator said on Monday it will issue a report on a comprehensive review of its own oversight and regulation of Silicon Valley Bank by early May. “Through this review, we will examine how we can strengthen and update our system of financial regulation to meet emerging and evolving challenges,” the Department …

California’s financial regulator to issue report on Silicon Valley Bank by May Read More »

By Stephen Culp (Reuters) – A look at the day ahead in Asian markets from Stephen Culp. Global market skittishness over whether contagion is afoot within the banking sector appears to be waning. In fact, if European and U.S. markets on Monday are a prologue to Asian markets on Tuesday, investors can look forward to …

Marketmind: Europe, US reverse bank jitter sell-offs: will Asia follow? Read More »

By Andrea Shalal WASHINGTON (Reuters) – Boosting immigration and public spending on childcare could help cover a large shortfall in the U.S. labor supply that threatens to curtail economic growth in coming years, a new report by President Joe Biden’s top economic advisers concludes. The annual report by the Council of Economic Advisers (CEA) said …

More immigrants, paid childcare key to economic growth, White House says Read More »

By Marc Jones LONDON (Reuters) -The European Union’s lending arm, the European Investment Bank, is to temporarily override its near 4-year long ban on financing in Turkey to provide 500 million euros ($540 million) for the country’s post-earthquake rebuilding efforts. The EIB stopped virtually all lending in Turkey after a row over oil and gas …

EU’s EIB to override Turkey lending ban with earthquake aid Read More »

By Howard Schneider WASHINGTON (Reuters) – Utah homebuilder Ivory Homes still has a pipeline of several hundred houses under construction, but CEO Clark Ivory isn’t pulling permits for any more at this point, and in a year of retrenchment for the single-family home industry, he has laid off just under 10% of his workers. But …

The canary is alive and chirping a year into Fed’s rate hiking cycle Read More »

By David Lawder WASHINGTON (Reuters) – The World Bank on Monday said the February earthquakes are expected to have caused Syria’s real GDP output to contract by 5.5% in 2023, with recovery and reconstruction needs estimated at $7.9 billion over three years. The World Bank said its Rapid Damage and Needs Assessment report estimates the …

World Bank estimates Syria’s three-year earthquake recovery needs at $7.9 billion Read More »

By David Morgan WASHINGTON (Reuters) -U.S. House of Representatives Republicans went on the offensive on Monday against a possible criminal indictment against Donald Trump, launching an investigation into the New York City prosecutor who is probing allegations that the former president paid hush money to a porn star ahead of the 2016 election. Three Republican …

US House Republicans launch investigation of Manhattan DA in Trump probe Read More »

By Gram Slattery WASHINGTON (Reuters) – Florida Governor Ron DeSantis, seen as a leading candidate for the Republican presidential nomination, broke his silence on Monday on the expected indictment of former President Donald Trump for hush money payments to a porn star, hitting out at a New York prosecutor but also taking a veiled swipe …

DeSantis criticizes Manhattan DA for Trump probe, takes veiled swipe at rival Read More »

By Jonathan Stempel NEW YORK (Reuters) – A federal judge in Manhattan on Monday rejected a joint request by former U.S. President Donald Trump and E. Jean Carroll to hold a single trial on whether Trump defamed the former Elle magazine columnist by denying he raped her. Carroll and Trump had said combining Carroll’s civil …

Judge rejects Trump, rape accuser Carroll’s request for single defamation trial Read More »