By Howard Schneider
AMELIA ISLAND, Florida (Reuters) - The U.S. Federal Reserve is considering new rules to break the "stigma" around borrowing from the central bank's discount window to cover short-term cash needs, Fed vice chair for supervision Michael Barr said on Monday.
"We've made good progress over the last year," since the failure of Silicon Valley Bank exposed gaps in the Fed's main lender-of-last-resort program, Barr said at an... (continue reading...)
(Reuters) - The California Public Employees' Retirement System said on Monday it will vote against all 12 director nominees at Exxon, citing the company's lawsuit against activist investors.
The system known as CalPERS said in a letter to its members posted online that if successful, Exxon's legal action "could diminish the role—and the rights—of every investor in improving a company’s bottom line."
Exxon's shareholder meeting is... (continue reading...)
By Mike Collett-White and Dan Peleschuk
KYIV (Reuters) - Western allies are taking too long to make decisions on military support for Ukraine, President Volodymyr Zelenskiy told Reuters in an exclusive interview in Kyiv on Monday.
He described the delivery of military aid, in particular of air defences like the Patriot systems which Ukraine relies on heavily in its war with Russia, as "one big step forward, but before that, two steps... (continue reading...)
LONDON (Reuters) - Anglo American shareholder Legal & General Investment Management (LGIM) supports the break-up plan announced by the company last week, it said on Monday, as the deadline approaches for BHP Group to log a formal takeover offer.
The radical plan to divest Anglo's less profitable coal, nickel, diamond and platinum businesses followed its rejection of two all-share takeover approaches from BHP, the world's biggest listed mining group,... (continue reading...)
By Nidal al-Mughrabi
CAIRO (Reuters) - Gaza Strip residents criticised on Monday the International Criminal Court prosecutor's decision to seek the arrest of Hamas leaders, saying it falsely equated them with the Israeli leaders waging war in the Palestinian enclave since October.
Prosecutor Karim Kahn has applied for arrest warrants for Hamas' leader in Gaza Yahya Sinwar, the commander of the group's military wing Mohammed Deif, and its... (continue reading...)
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