A Republican senator's accusation that Treasury Secretary Janet Yellen had lied during a tussle over the future of the Social Security program obscured behind-the-scenes talks.
European Central Bank supervisors meeting on Friday saw no contagion to euro zone banks from the market turmoil that has engulfed Credit Suisse and some U.S. lenders, a source said.
Shares of FedEx Corp surged over 11% before the bell on Friday, after aggressive cost cuts helped the freight bellwether lift its profit forecast despite falling e-commerce package volumes.
The board of Russia's largest lender, state-owned Sberbank , has recommended paying a dividend of 25 roubles ($0.3260) per share and a total payout of a record 565 billion roubles, CEO German Gref told reporters on Friday.
European Central Bank supervisors see no contagion for euro zone banks from recent turmoil, a source said on Friday, after U.S. lenders threw First Republic Bank a $30 billion lifeline and tapped record amounts from the Federal Reserve.
Futures tracking Canada's main stock index gained on Friday, boosted by higher commodity prices, as concerns of a global banking meltdown ease on supportive measures.
China's fiscal revenues fell 1.2% in the first two months of 2023 from a year earlier, the finance ministry said on Friday, despite signs that economic activity was starting to recover after the lifting of tough COVID measures.
The global economic outlook has improved from a few months ago as the inflation shock eases but rising interest rates will keep risks high, the OECD said on Friday, hiking its growth forecasts for major economies.
For years Silicon Valley Bank was a lender of choice for climate technology startups keen to tap specialised support for early-stage companies. Post its collapse, they may face higher finance costs wherever they next choose to bank.
Sponsors are not involved in the creation of newsletters or other Reuters news content.
