By Chibuike Oguh NEW YORK (Reuters) -Bain Capital’s co-managing partner, John Connaughton, told Reuters on Wednesday that the fallout from SVB Financial Group’s collapse will weigh on banks that have already retrenched from lending. Connaughton said private equity firms like Bain have been turning to peers with direct lending arms to secure debt for deals …
Bain Capital’s Connaughton says SVB fallout will weigh on banks Read More »
By Kanishka Singh WASHINGTON (Reuters) – Human Rights Campaign, the largest LGBTQ advocacy group in the United States, and its Black former president, Alphonso David, have settled a lawsuit in which David had alleged racial discrimination in his firing, the two sides said on Wednesday. David was fired in September 2021 after New York state …
LGBTQ advocacy group Human Rights Campaign settles racism lawsuit with ex-leader Read More »
BOGOTÁ, 15 mar (Reuters) – La economía de Colombia crecería hasta un 2,5% este año, por encima de las estimaciones anteriores, dijo el miércoles el ministro de Hacienda, José Antonio Ocampo, quien se declaró optimista por una esperada caída de la inflación y un mejor desempeño del sector agrícola. El Producto Interior Bruto (PIB) de …
Ministro de Hacienda de Colombia estima crecimiento del PIB de hasta 2,5% en 2023 Read More »
By Alexandra Valencia QUITO (Reuters) – Ecuador President Guillermo Lasso and his family members do not appear in declassified documents released by the country’s companies regulator, the agency said on Wednesday, referring to files which opposition lawmakers had sought to shore up a possible impeachment bid. Legislators voted on Tuesday to declassify the files, after …
Declassified documents do not mention Ecuador’s Lasso -regulator Read More »
BERLIN (Reuters) – Volkswagen laid out on Wednesday the details of a planned all-electric car costing under 25,000 euros ($26,790), part of the German carmaker’s push to derive 80% of VW passenger brand sales in Europe from all-electric vehicles by 2030. The car with a 450-km range (280 miles), to launch in Europe by 2025, …
Volkswagen lays out details of planned affordable electric car Read More »
By Blake Brittain (Reuters) – The U.S. Copyright Office issued new guidance on Wednesday to clarify when artistic works created with the help of artificial intelligence are copyright eligible. Building on a decision it issued last month rejecting copyrights for images created by the generative AI system Midjourney, the office said copyright protection depends on …
U.S. Copyright Office says some AI-assisted works may be copyrighted Read More »
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador on Wednesday proposed putting an end to medicinal use of fentanyl, a powerful synthetic opioid blamed for rising U.S. drug overdose deaths which has fed tensions between his country and the U.S. Critics of Mexico’s counter-narcotics strategy say Lopez Obrador has not done enough to …
Mexican president floats banning use of medicinal fentanyl Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. There’s no doubting it now – Credit Suisse has made the banking crisis global and, in classic financial crisis mode, investors are rushing for the global safe havens of the U.S. dollar, U.S. Treasuries and Japanese yen. There …
Marketmind: Classic safe havens the winners as crisis goes global Read More »
By David Lawder WASHINGTON (Reuters) -The Federal Deposit Insurance Corp deposited $40 billion back into the U.S. Treasury General Account on Tuesday, reversing a $40 billion withdrawal on Friday as the regulator took control of the failed Silicon Valley Bank, Treasury financial data released on Wednesday showed. A Treasury spokesperson referred questions about the fund …
By Noele Illien, John Revill and Tom Sims (Reuters) – Swiss regulators pledged a liquidity lifeline to Credit Suisse in an unprecedented move by a central bank after the flagship Swiss lender’s shares tumbled as much as 30% on Wednesday. In a joint statement, the Swiss financial regulator FINMA and the nation’s central bank sought …
Swiss central bank throws financial lifeline to Credit Suisse after shares pummelled Read More »
