U.S. not negotiating new Venezuela prisoner swap despite appeal, say U.S. officials

By Jonathan Landay and Vivian Sequera WASHINGTON/CARACAS (Reuters) – The United States is not discussing a prisoner exchange as described in a letter and video appeal addressed to President Joe Biden by an American detained in Venezuela, according to two U.S. officials. Eyvin Hernandez was “quite possibly coerced” into appealing to Biden to swap him …

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TotalEnergies: Strike continues for sixth day at company’s French sites

PARIS (Reuters) – TotalEnergies said on Sunday the rolling strike over the government’s planned pension reform continued for the sixth day running at its French refineries and depots, an company spokesperson told Reuters. The French Senate on Saturday night passed President Emmanuel Macron’s unpopular plan, an important step in it becoming law, shortly after a …

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US weighs new fund to backstop deposits if more banks fail, Bloomberg News says

(Reuters) – The U.S. Federal Reserve and the Federal Deposit Insurance Corp are weighing the creation of a fund that would allow regulators to backstop more deposits at banks that run into trouble in the wake of Silicon Valley Bank’s collapse, Bloomberg News reported on Saturday. Regulators discussed the new special vehicle in conversations with …

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SVB collapse could add to China stock investors’ anxiety

By Summer Zhen HONG KONG (Reuters) – China stock investors, already disillusioned by Beijing’s lower-than-expected economic growth target for the year, will be further disheartened by the shock collapse of U.S. lender SVB Financial Group, market participants said. China’s CSI300 Index dropped 4% last week, while Hong Kong’s Hang Seng tumbled 6%, as China’s moderate …

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‘Steady hand’: China surprisingly retains central bank chief

By Kevin Yao BEIJING (Reuters) – Yi Gang’s surprise re-appointment as China’s central bank governor on Sunday means a pro-market mind of high international stature will continue to represent the world’s second-largest economy on the global stage. Yi, 65, was widely expected to retire as President Xi Jinping installs close allies in key roles in …

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