By Nichola Groom and Maria Caspani (Reuters) – U.S. President Joe Biden’s administration will approve a major and controversial oil drilling project in Alaska on Monday, according to a source familiar with the matter. The decision to move ahead with the project by authorizing three drill sites in northwestern Alaska would come a day after …
Biden administration to approve major oil project in Alaska -source Read More »
By Hannah Lang and Nupur Anand (Reuters) – State regulators closed New York-based Signature Bank on Sunday, the third largest failure in U.S. banking history, two days after authorities shuttered Silicon Valley Bank in a collapse that stranded billions in deposits. The Federal Deposit Insurance Corporation (FDIC) took control of Signature, which had $110.36 billion …
Signature Bank becomes next casualty of banking turmoil after SVB Read More »
By Jose Luis Gonzalez CIUDAD JUAREZ, Mexico (Reuters) – U.S. officials stopped hundreds of mostly Venezuelan migrants entering the country from Mexico on Sunday after a large group broke through Mexican lines to demand asylum in the U.S., only to be thwarted by barbed wire, barriers and shields. Frustrated with problems securing appointments to seek …
Hundreds of migrants try to force their way into US at Mexico border Read More »
By Gabriella Borter (Reuters) – A Texas man has filed a wrongful death lawsuit accusing three women of helping his ex-wife obtain abortion pills, in one of the first major legal challenges under a state abortion ban since the United States Supreme Court overturned Roe v. Wade. Plaintiff Marcus Silva filed the lawsuit on Thursday …
Texas man sues 3 women for helping his ex-wife obtain abortion pills Read More »
By Josh Smith and Hyunsu Yim SEOUL (Reuters) -Nuclear-armed North Korea test-fired two strategic cruise missiles from a submarine on Sunday, state news agency KCNA said on Monday, just as U.S.-South Korea military drills were due to begin. “Strategic” is typically used to describe weapons that have a nuclear capability. KCNA said the launch confirmed …
North Korea launches missiles from submarine as U.S.-South Korean drills begin Read More »
SHANGHAI (Reuters) -The world’s largest battery maker CATL and its rivals in China were put on notice this week with a message from the top. When Chinese President Xi Jinping said he was “both pleased and concerned” about CATL’s electric vehicle (EV) battery dominance, industry executives and regulators heard a caution to be ready to …
Xi adds oversight risk to China EV battery growth plans Read More »
HONG KONG (Reuters) -Over a dozen Hong Kong-listed companies have stepped forward to say they had little or no exposure to Silicon Valley Bank, the failed U.S. lender which has roiled investors and markets globally. Startup-focussed SVB Financial Group, which did business as Silicon Valley Bank, collapsed on Friday in the largest bank failure since …
Over a dozen Chinese-based firms say they have minimal exposure to SVB Read More »
By Anshuman Daga and Yantoultra Ngui SINGAPORE (Reuters) -Asia-focussed telecoms tower firm Edotco Group, its Malaysian parent Axiata and a Japanese backer are in talks with investors for stake sales, in a deal that could raise about $1.2 billion, four sources familiar with the matter said. The move comes as global infrastructure funds are pouring …
By Andrew MacAskill and Pablo Mayo Cerqueiro LONDON (Reuters) -A would-be buyer for the UK arm of failed U.S. lender Silicon Valley Bank (SVB) stepped forward on Sunday as British Prime Minister Rishi Sunak said his government was working to limit any fallout for companies from the bank’s demise. Bank of London said it had …
Britain battles to limit SVB damage as would-be buyer for UK arm steps in Read More »
By Andrea Shalal, Howard Schneider and Pete Schroeder WASHINGTON (Reuters) – The U.S. administration stepped in on Sunday with a series of emergency measures to shore up confidence in the banking system after the failure of Silicon Valley Bank threatened to trigger a broader systemic crisis. After a dramatic weekend, U.S. regulators said the failed …
After SVB failure, US acts to shore up confidence in banking system Read More »
