A Russian general who hasn’t been seen in public since the mutiny by Wagner mercenaries that threatened President Vladimir Putin’s rule has been removed from his post, RBC news reports.
SVB Financial Group, the bankrupt former parent of Silicon Valley Bank, is close to rebuilding a venture capital business it lost when federal regulators took over during a meltdown and transferred the bank to First-Citizens Bank & Trust, a lawyer said in court Tuesday.
Eighteen people were found dead in the Dadia forest in northeast Greece as firefighters struggle to contain wildfires blazing across the country.
President Vladimir Putin demanded steps to control the outflow of capital from Russia and to reduce volatility in financial markets, warning of the threat from rising prices following the slump in the ruble.
European Union climate chief Frans Timmermans will step aside from his role as he leads the Dutch left alliance ahead of elections in November.
Marks & Spencer Group Plc is set to regain its place in the UK’s FTSE 100 Index, ending a four-year absence from the country’s main stock benchmark.
Wall Street still sees plenty of room for the Chinese currency to fall even as Beijing moves to stabilize the yuan.
Macy’s Inc. comparable sales beat analyst expectations, but a significant drop from a year ago shows that department store customers are pulling back on purchases.
Philippine central bank Governor Eli Remolona doubled down on his hawkish rhetoric as inflation remains a worry and the peso traded near a nine-month low.
While higher interest rates can juice profits for a slew of lenders, a senior TD Securities strategist warns that the relentless jump in borrowing costs threatens to create fresh problems for the banking sector.
