U.S. stresses need for ‘Cold War’-era crisis mechanisms with China

By David Brunnstrom and Michael Martina WASHINGTON (Reuters) -Efforts to build a floor under U.S.-China relations have yet to be successful and coming months will determine if it is possible to reestablish constructive diplomacy with Beijing, a top White House official said on Thursday, stressing the need for “Cold War”-era hotlines and other crisis mechanisms. …

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Japan regional banks can weather foreign bond losses – regulatory official

By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – Japanese regional lenders will be well able to weather even “large” losses on their foreign bond portfolios thanks to strong capital buffers, a senior banking regulator official said, rebuffing concerns fuelled by U.S. banking woes. Those strong capital buffers, in tandem with a deposit base that …

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Refinador Valero busca aprobación de EEUU para importar petróleo venezolano

Por Marianna Parraga y Matt Spetalnick HOUSTON/WASHINGTON, 30 mar (Reuters) -El segundo mayor refinador de Estados Unidos, Valero Energy, está solicitando autorización de Washington para importar crudo venezolano, según cuatro fuentes cercanas al asunto, con la expectativa de que se repita una licencia otorgada a Chevron en noviembre después de una prohibición de cuatro años. …

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South Korea bonds not yet added to WGBI in FTSE Russell index review

(Reuters) -South Korea, India, and Switzerland will remain on watch lists for possible country reclassification and inclusion in key government bond indexes, FTSE Russell said on Thursday. India and Switzerland have been on watch since 2021 for possible inclusion in the FTSE Emerging Markets Government Bond Index (EMGBI) and World Government Bond Index (WGBI) respectively, …

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Singapore’s GIC to invest in Bain-owned Japanese HR software developer

TOKYO (Reuters) -Singapore sovereign wealth fund GIC will invest in WHI Holdings (WHI) to jointly own its operating company Works Human Intelligence with private equity firm Bain Capital. GIC and Bain did not disclose how much the Singapore fund would invest in the human-resources software provider, but said the transaction would be the largest private …

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Trump faces more than 30 counts over business fraud in indictment -CNN

(Reuters) – Former U.S. President Donald Trump faces more than 30 counts related to business fraud in an indictment by a Manhattan grand jury investigating hush money payments to a porn star, CNN reported on Thursday, citing sources and without providing further details. (Reporting by Costas Pitas in Los Angeles; Editing by Eric Beech)