(Reuters) - A barge crashed into a bridge on the Texas coast on Wednesday, forcing the closure of the only roadway to a small island off the city of Galveston, city officials said.
No injuries were reported and the Pelican Island Bridge remained standing after the barge ran into it around 10 a.m., although oil has spilled into the water as a result of the collision, the city of Galveston said in a statement.
The Pelican Island Bridge is... (continue reading...)
(Reuters) - Minneapolis Federal Reserve Bank President Neel Kashkari on Wednesday reiterated his view that he is unsure how restrictive monetary policy is right now, and that borrowing costs should stay where they are as U.S. central bankers take stock of inflation. "The biggest uncertainty in my mind is how much downward pressure is monetary policy putting on the economy? That's an unknown," Kashkari told the Williston Basin Petroleum Conference in Bismarck,... (continue reading...)
By Andrea Shalal
WASHINGTON (Reuters) - The International Monetary Fund on Wednesday said its executive board has approved members to use their Special Drawing Rights (SDRs), or IMF reserve assets, to acquire so called hybrid capital bonds issued by multilateral development banks.
The Inter-American Development Bank (IDB) and the African Development Bank (AfDB), which had both championed the idea, welcomed the move, with officials... (continue reading...)
By Lisandra Paraguassu and Leonardo Benassatto
PORTO ALEGRE, Brazil (Reuters) - The despair in Nilton Muradaz Junior's eyes is unmistakable as he looks at the vast lake that was once his farm and home, but now shows little sign of the animals, equipment and buildings he lost in the floods devastating Brazil's southernmost state.
"For the dream and life that we created here to be taken away like this is heartbreaking. I don't even have... (continue reading...)
LONDON/FRANKFURT (Reuters) - The U.S. Treasury has warned Austria's Raiffeisen Bank International (RBI) that its access to the U.S. financial system could be restricted because of its Russian dealings, according to a person who has seen a letter detailing the threat.
The May 6 letter is the strongest warning yet to the biggest Western bank in Russia and follows months of pressure from Washington, and Europe, as they try to toughen up sanctions against... (continue reading...)
More Reuters
View Older Stories-
Renaissance Technologies bought GameStop, AMC shares, filing says
-
EU ambassadors agree to place four Russian media outlets on sanctions list
-
Swedish investor AP7 to back study on Mondelez Russia business
-
British aid shipment leaves Cyprus bound for Gaza pier
-
Fed gets some good news on inflation progress
-
Explainer-How Boeing could face the criminal prosecution it avoided in 2021
-
First drop in overdose deaths in 6 years, US preliminary data shows
-
Slovak PM shooting could add political risk to credit rating - Moody's
-
KKR remedies on Telecom Italia deal expected next week, source says
-
Dozens of countries signing up for Ukraine peace summit, Switzerland says
-
Trafigura, IXM caught in COMEX copper short squeeze as prices hit record
-
House Republicans propose to boost tariffs on Chinese-made drones
-
US studying if other bridges at risk after Baltimore collapse
-
Russian troops leave Karabakh, now back under Azerbaijan's control
-
Israel's Gallant demands clarity on post-war Gaza governance, opposes military rule
-
Hungary grants house arrest to jailed Italian activist running for EU election
-
Bernanke urges Bank of England to debate publishing rate projections
-
France's Ubisoft sees "solid" bookings growth after swinging back to profit
-
Anthropic taps Instagram co-founder as product chief
-
Greece arrests suspected criminal gang leader wanted by Turkey
-
Gazprom CEO Miller is in Iran as Putin prepares to visit China
-
World reacts to shooting of Slovak PM Robert Fico
-
Moldova's justice ministry seeks temporary ban on pro-Russian party activities
-
Italian judge throws out defamation case brought by Meloni ally
-
US imposes sanctions on Nicaragua over repression, migrant smuggling
-
UK court system 'crooked', says WikiLeaks editor ahead of crucial Assange hearing
-
US sanctions two commanders of Sudan's paramilitary RSF
-
Study reveals history and oceanic voyages of remarkable baobab tree
-
Uber unveils US shuttle service, expands Costco tie-up to woo price-conscious users
-
Lawsuit claiming Uber hid Dutch tax haven is dismissed by US judge
-
US FDIC Chair Gruenberg vows culture fixes to skeptical lawmakers
-
Column-China tariffs could boost Fed rate cut case: McGeever
-
Ally of Chechnya's Kremlin-backed leader Kadyrov resigns suddenly
-
US fines Volaris up to $300,000 for violating tarmac delay rules
-
Data platform firm WekaIO notches $1.6 billion valuation after latest funding round
-
US crude, fuel inventories fall as refining, demand pick up, EIA says
-
Robert Fico, Slovakia's shot PM, is political heavyweight with pro-Russian views
-
US business inventories fall in March
-
UK government releases prisoners early to ease overcrowding in jails
-
Finland plans to use reservists to patrol border with Russia
-
US raises concerns to Chinese officials about AI misuse
-
Slovak PM Fico in a life-threatening condition, govt office says
-
Factbox-Major cases keeping former Pakistan PM Imran Khan in jail
-
Palestinians mark 1948 Nakba in the shadow of war in Gaza
-
EU leaders shocked by 'vile attack' on Slovak PM Fico
-
US delegation to attend Taiwan inauguration as China tensions flare
-
U.S. homebuilder sentiment tumbles as rates slow buyer traffic
-
South Africa's president signs major health bill just before election
-
Blinken says Israel needs a clear and concrete plan for Gaza's future
-
German economic advisers cut 2024 growth forecast to 0.2%