News
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US customs agency says building system for tariff refunds is 40% to 80% complete
Supreme Court struck down tariffs, no refund guidance providedNew 10% tariffs imposed by Trump face legal challengesFedex, Costco sued by customers to pass along refundsBy Tom Hals March 12 (Reuters) - The U.S. government's work to build a four-part system to refund $166 billion in illegal ta...Reuters
11 minutes ago
Wall Street banks score win as Fed unveils plan to ease capital
Revised Basel rules lower large bank capital requirements slightlyBowman argues excessive capital requirements harm credit provisionCritics warn plan will weaken financial system as risks riseMorgan Stanley notes $175 billion excess capital in large banksBanks' capital may revert to 2019 levels ...Reuters
12 minutes ago
Netanyahu threatens Iran's new supreme leader, defends joint assault with US
By Maayan Lubell and Rami AyyubJERUSALEM, March 12 (Reuters) - Israeli Prime Minister Benjamin Netanyahu on Thursday issued a veiled threat to kill Iran's new supreme leader as he sought to use his first press conference since the start of the war to defend his joint military assault with the U....Reuters
18 minutes ago
Chicago says US FAA should not cut daily flights below 2,800
WASHINGTON, March 12 (Reuters) - Chicago urged the Federal Aviation Administration on Thursday not to cut daily flights at the city's O'Hare International Airport below 2,800 per day, saying it would be unwarranted "and would lead to significant disruption to the National Airspace Syste...Reuters
22 minutes ago
Major Deutsche Bank shareholder Capital Group trims stake, filing shows
FRANKFURT, March 12 (Reuters) - The Los Angeles-based investor Capital Group has trimmed its stake in Deutsche Bank to 2.93% from 4.94%, a filing on Thursday showed.Capital Group was the bank's second-largest single shareholder after BlackRock, according to Deutsche Bank's website.The filing...Reuters
29 minutes ago
Health Rounds: Eliquis proves safer than Xarelto for patients with deep blood clots
By Nancy LapidMarch 12 (Reuters) - Hello Health Rounds readers! Medicines from the same class of drugs prescribed to treat the same condition are not always equal, and today we have a clear example for patients who need to prevent recurring blood clots. We also report on a fascinating discovery of a...Reuters
37 minutes ago
Suspect shot dead after crashing truck into Detroit-area synagogue
Suspect drove vehicle through hallway, confronted by securitySecurity officer hurt but no serious injuries reportedExplosives reportedly found in suspect's car, CNN saysIncident comes amid heightened security at Jewish facilities, antisemitism concerns By Steve GormanMarch 12 (Reuters) - A male ...Reuters
38 minutes ago
Netanyahu says Iran no longer the same after US-Israeli assault
JERUSALEM, March 12 (Reuters) - Israeli Prime Minister Benjamin Netanyahu said on Thursday that Iran was no longer the same after nearly two weeks of joint U.S.-Israeli attacks and had suffered blows to its elite forces, as he appeared in his first press conference since the start of the war. Netany...Reuters
40 minutes ago
CORRECTED-BREAKINGVIEWS-Jamie Dimon starts to walk the doomsday talk
By Stephen Gandel NEW YORK, March 12 (Reuters Breakingviews) - Jamie Dimon has a penchant for ominous warnings. The CEO’s bankers at JPMorgan JPM.N may have taken them to heart. The firm cut its loans outstanding to business credit intermediaries, like private credit funds and other corporate len...Reuters
43 minutes ago
Anthropic invests $100 million into Claude AI program
March 12 (Reuters) - Artificial intelligence lab Anthropic, which is currently locked in a dispute with the Pentagon, unveiled its Claude Partner Network on Thursday, a program designed for partner firms to help enterprises adopt its Claude AI model.Anthropic is committing an initial $100 million to...Reuters
44 minutes ago
TREASURIES-Iran attacks stoke inflation fears, two-year yield highest since August
Iran attacks on energy supplies raise inflation concernsFed funds futures traders reduce rate cut expectationsTreasuries show little reaction to jobless claims dataBy Karen Brettell NEW YORK, March 12 (Reuters) - Two-year Treasury yields hit a six-month high on Thursday as Iran ramped up attacks ...Reuters
44 minutes ago
Brazil's BTG Pactual in advanced talks to buy Digimais, reports Valor
SAO PAULO, March 12 (Reuters) - Brazilian lender BTG Pactual BPAC11.SA is in advanced talks to buy local bank Digimais, newspaper Valor Economico reported on Thursday, citing sources.The deal's value has not been decided, the report added, noting an agreement may be reached within a few weeks. B...Reuters
45 minutes ago
One person dies after Virginia university shooting, 2 in stable condition
Shooting occurred at Old Dominion University in NorfolkUniversity says there is no longer a threatMarch 12 (Reuters) - One person has died following a Thursday morning shooting at Old Dominion University in Norfolk, Virginia, while two others remained in stable condition, the university's police...Reuters
an hour ago
EXPLAINER-What is Basel and why has it been so contentious?
By Pete Schroeder WASHINGTON, March 12 (Reuters) - U.S. President Donald Trump's bank regulators will unveil this month a new draft of sweeping capital rules that would overhaul how big banks gauge their risks and in turn the funds they must put aside to absorb potential losses. The "Base...Reuters
an hour ago
Canada, Mexico say trilateral deal is key ahead of talks to review USMCA
MEXICO CITY, March 12 (Reuters) - Canadian and Mexican officials on Thursday reaffirmed the importance of maintaining the trilateral free trade agreement between their countries and the U.S., amid signals from Washington it could be interested in bilateral deals.Canada's ambassador to Mexico Cam...Reuters
an hour ago
US and allies clash with Russia and China over Iran nuclear program
US says Russia and China blocking sanctions committee work to protect IranChina, Russia fail to stop Security Council discussionTrump has used nuclear issue to justify attack on Iran March 12 (Reuters) - The U.S. and Western allies clashed with Russia and China on Thursday over Iran's nuclear in...Reuters
an hour ago
EXPLAINER-Who might the US be talking to in Cuba?
Trump says US and Cuba hold negotiations on unspecified dealRaul Castro's grandson reported to be in talks with Marco RubioCuba says no talks underway but does not deny back channelFor secret diplomacy, Castro family connections matterBy Daniel Trotta HAVANA, March 12 (Reuters) - President Do...Reuters
an hour ago
WRAPUP 10-Iran's new supreme leader vows to keep Hormuz shut in defiant first remarks
Iran will avenge the blood of its martyrs, says new leaderOil prices up after tankers struck in Iraqi watersNo reason given for lack of video message from supreme leaderIsrael hits heart of Beirut, orders more evacuationsBy Parisa Hafezi and Maya Gebeily DUBAI/BEIRUT, March 12 (Reuters) - Iran wi...Reuters
2 hours ago
