In the United States and many other countries, the government guarantees a certain amount of each customer's deposits in the event of a bank failure, to protect both consumers and the broader financial system.
Brazilian President Luiz Inacio Lula da Silva has agreed to nominate a financial market veteran and a public servant for two key positions at the central bank, whose decisions he has blasted recently, three people familiar with the matter said.
Reagan's 'Star Wars' at 40: Battle of the satellites
The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, but indicated it was on the verge of pausing further increases in borrowing costs amid recent turmoil in financial markets spurred by the collapse of two U.S.
Relativity Space to make third bid to launch 3D-printed rocket
Cuba on Wednesday slammed Miami authorities and baseball officials for allowing what it called "vile and organized" attacks against its players at the semi-final of the World Baseball Classic last week.
Israel missiles hit arms depot in Syria's Aleppo airport: monitor
The U.S. Treasury Department on Wednesday said it will release guidance next week on sourcing requirements for electric vehicle battery tax subsidies under President Joe Biden's climate change law, the first in a string of highly anticipated rules to determine how broadly the credits can be used.
A veteran Meta advertising product executive will leave the company in May, according to an internal announcement seen by Reuters
Quake-hit Syrians brace for subdued Ramadan
Inter-American court hears first abortion rights case
Blinken says China has not 'crossed line' on lethal aid to Russia
Former Turkish economy tsar Mehmet Simsek's refusal to return to politics has left President Tayyip Erdogan's ruling party scrambling to rebuild its economic credibility less than two months before landmark elections, insiders and analysts say.
The integration of OpenAI's technology into Microsoft-owned Bing has driven people to the little-used search engine and helped it compete better with market leader Google in page visits growth, according to data from analytics firm Similarweb.
China Evergrande Group on Wednesday announced plans for the restructuring of its $22.7 billion in offshore debt, which could set a template for distressed rivals and shape investor sentiment on the country's embattled property sector.
The United Nations opened its first conference on water security in almost half a century on Wednesday with a plea to governments to better manage one of humanity's shared resources.
A Delaware judge wrapped up a two-day hearing in the $1.6 billion defamation lawsuit by Dominion Voting Systems against Fox Corp over vote-rigging claims aired by Fox News, but did not immediately rule on requests by both sides that he decide the case in their favor without moving to a full trial.
As beleaguered First Republic Bank considers its options, analysts at Morgan Stanley say there is a "bull case" for the stock if regulators insure customer deposits until the banking crisis ends.
The brewing U.S. banking crisis seems far removed from the northeastern Vermont town of St.
Army convoy brings food to blockaded Burkina city
Debt-ridden China Evergrande rolls out restructuring plan
More than a quarter of business leaders traveling to China with President Luiz Inacio Lula da Silva next week come from Brazil's booming meat industry, highlighting the high stakes for a sector reliant on Chinese demand for the bulk of its exports.
The United States is "actively" working on re-establishing a diplomatic presence in Libya, U.S.
When the Bank of Canada became the first major global central bank this month to pause raising interest rates after its most aggressive tightening campaign in history, indebted consumers heaved a sigh of relief.
Boeing Co. will take additional charges to the KC-46 tanker program due to a supplier quality issue with the center fuel tank, the company's finance chief said Wednesday.