By Pete Schroeder
WASHINGTON (Reuters) - A trio of U.S. financial regulators have resumed work on a long-delayed rule-writing project to make executive compensation plans at financial firms more sensitive to risk.
The Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency and Federal Housing Finance Agency jointly proposed the rule, which would bar incentive-based plans that do not account for risks or allow pay... (continue reading...)
BENGHAZI (Reuters) - At least 107 migrants including women and children have been freed from captivity in a town in southeast Libya, a security force spokesman said on Monday.
Walid Alorafi, spokesman for the Criminal Investigation Department (CID) in Benghazi, said according to some migrants, they were held in captivity for up to seven months and "they wanted to go to Europe."
The migrants are from a variety of sub-Saharan countries but... (continue reading...)
(Reuters) - Two years after its initial unmanned journey to the International Space Station (ISS), Boeing's new Starliner astronaut capsule is set for its first crewed test flight on Monday night, following numerous delays.
Boeing's Crew Space Transportation (CST)-100 Starliner spacecraft, developed in collaboration with NASA's Commercial Crew Program, is engineered to carry up to seven passengers, or a combination of crew and cargo, for journeys to... (continue reading...)
By Michael S. Derby
(Reuters) - Federal Reserve Bank of New York President John Williams said Monday that at some undefined point the U.S. central bank will lower its interest rate target.
"Eventually we'll have rate cuts" but for now monetary policy is in a "very good place," Williams said in comments made before the Milken Institute 2024 Global Conference in Beverly Hills, California.
The comments Monday followed last... (continue reading...)
By Philip Blenkinsop
BRUSSELS (Reuters) - The European Union would ban trans-shipment of Russian LNG, the use of EU ports by vessels transporting goods contributing to Russia's war effort and make EU operators more accountable for any sanctions violations, according to a text under discussion.
The text seen by Reuters on Monday covers proposals that would constitute a 14th package of sanctions against Russia over its 2022 invasion of... (continue reading...)
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