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China cuts reserve ratio given domestic pressures, overseas risks – state media
SHANGHAI (Reuters) - China's central bank made a "timely" move by pumping liquidity into the banking system to respond to rising pressures in the domestic banking industry and growing risks abroad, a ...
Syndicated Content Mar 17, 2023
Sam Bankman-Fried, U.S. prosecutors near new bail agreement
By Jonathan Stempel NEW YORK (Reuters) - Lawyers for Sam Bankman-Fried are nearing an agreement with U.S. prosecutors on revised bail conditions for the indicted FTX cryptocurrency exchange founder, w...
Syndicated Content Mar 17, 2023
China fines Deloitte $31 million for auditing negligence
BEIJING (Reuters) -China has fined auditing firm Deloitte 211.9 million yuan ($30.8 million) for failing to perform its duty in assessing the asset quality of China Huarong Asset Management Co Ltd, th...
Syndicated Content Mar 17, 2023
Pacific Western Bank faced ‘elevated’ withdrawals after bank failures
(Reuters) - Pacific Western Bank, a unit of PacWest Bankcorp, said on Friday it had witnessed 'elevated' withdrawals following the collapses of Silicon Valley Bank and Signature Bank, but deposit move...
Syndicated Content Mar 17, 2023
Moody’s downgrades credit ratings on First Republic Bank
(Reuters) - Ratings agency Moody's on Friday downgraded the credit of First Republic Bank, citing deterioration in the bank's financial profile and challenges faced by the lender due to increased reli...
Syndicated Content Mar 17, 2023
HR startup Rippling raises $500 million in fresh funding after SVB collapse
By Krystal Hu and Niket Nishant (Reuters) -HR and payment software startup Rippling said on Friday it has raised $500 million in a new funding round initially intended to help customers make payroll i...
Syndicated Content Mar 17, 2023
Huawei has replaced thousands of U.S.-banned parts in its products, founder says
By Stephen Nellis and Krystal Hu (Reuters) - Huawei Technologies Co Ltd's founder said that the company has replaced more than 13,000 parts in its products that were hit by U.S. trade sanctions, accor...
Syndicated Content Mar 17, 2023
Banxico governor: February inflation is good news, more data to consider before next meeting
By Valentine Hilaire and Noe Torres MERIDA, Mexico (Reuters) - The Bank of Mexico's governor Victoria Rodriguez said on Friday that February inflation data is good news, underscoring that there is mor...
Syndicated Content Mar 17, 2023
Actor Sam Neill receiving treatment for ‘blood cancer’ – paper
SYDNEY (Reuters) - New Zealand actor Sam Neill is being treated for stage-three blood cancer, Guardian Australia reported on Saturday. The 75-year-old "Jurassic Park" actor was reportedly diagnosed wi...
Syndicated Content Mar 17, 2023
Trump, rape accuser Carroll agree to a single defamation trial
By Jonathan Stempel NEW YORK (Reuters) - Former President Donald Trump and E. Jean Carroll have agreed to a single trial on whether Trump defamed the former Elle magazine columnist by denying he raped...
Syndicated Content Mar 17, 2023
Peoria, IL, USA
49 °F Partly cloudy
