The largest banks face billions of dollars in extra fees to replenish the US government’s bedrock deposit insurance fund after it was tapped to backstop uninsured depositors at Silicon Valley Bank and Signature Bank.
The IRS criminal investigation division is ramping up collaboration with counterparts overseas in pursuit of sanctions evaders. The agency said it is working with blockchain analytics firm Chainalysis and with Ukrainian investigators to track Russian individuals who might be using cryptocurrency to conceal their assets in the aftermath of Russia’s invasion of Ukraine.
President Luiz Inacio Lula da Silva said his government will maintain its stake in Petroleo Brasileiro SA while working to reduce fuel and gasoline prices at Brazil’s state-owned oil giant.
Brookfield Corp. Chief Executive Officer Bruce Flatt sought to quell investor concerns about commercial real estate, saying its properties are soundly financed and that higher interest rates will have little adverse impact.
The US Supreme Court upheld California’s new humane-pork law, rejecting an industry challenge in a ruling buttressing the power of states to impose rules that have a broad economic impact on other parts of the country.
Mpox is no longer a global health emergency, but more needs to be done to eradicate the sometimes deadly virus that causes unsightly, painful rashes, the World Health Organization said.
Mortgage rates in the US declined for a second-straight week.
Brazil may have swung to the left politically but that doesn’t mean it will be following the lead of other Latin American nations by handing control of lithium assets over to the state.
In Washington debt-ceiling brinkmanship is threatening to push the US into default. And on Wall Street, traders are gaming out what could be a rare Black Swan event.
UK entrepreneur Jonathan Milner is ramping up pressure on Abcam Plc to give him a board seat, as he seeks to improve performance at the biotechnology supplier he started 25 years ago.
