Category Archives:
Former Silicon Valley Bank chief Becker says interest rate hikes, social media sank firm
WASHINGTON (Reuters) - Greg Becker, former CEO of collapsed lender Silicon Valley Bank, apologized in congressional testimony for what he called the "devastating" collapse of the firm while citing ris...
May 15, 2023
Small pockets of drought in Illinois following recent rains
SPRINGFIELD, Ill. – There have been some bouts of heavy rainfall in Illinois and the Peoria area the last couple of weeks. But, that’s not stopping some parts of the state, and this area, ...
May 15, 2023
Russia approves sale of Volkswagen plant to domestic dealership
(Reuters) - A Russian government commission has approved the sale of Volkswagen's main factory in Russia to a domestic car dealership, Trade and Industry Minister Denis Manturov told the TASS news age...
May 15, 2023
Goldman fined $7 million by ECB over credit risk reporting
FRANKFURT (Reuters) - The European Central Bank said on Monday it had fined Goldman Sachs' European unit 6.63 million euros ($7.3 million) for underreporting the risk associated with some corporate cr...
May 15, 2023
Turkish pollsters failed to predict outcome, in shock for markets and voters alike
ANKARA (Reuters) - The result of Turkey's presidential vote bore no resemblance to pollsters' forecasts which pointed to the opposition candidate in the lead, compounding the surprise for markets and ...
May 15, 2023
Amazon, Embracer strike deal to make ‘Lord of the Rings’ video game
(Reuters) - Amazon.com Inc and Swedish game developer Embracer Group have agreed to develop and publish a massively multiplayer online (MMO) game based on fantasy series "The Lord of the Rings", the c...
May 15, 2023
Ukrainian troops gird for counteroffensive they hope will end war
By Max Hunder DNIPROPETROVSK REGION, Ukraine (Reuters) - Ukrainian soldiers training for a counteroffensive against Russian forces said on Monday they felt ready to launch the assault which they hope ...
May 15, 2023
Renaissance, Adage Capital bet on First Republic in Q1 before its collapse
By David Randall and Carolina Mandl NEW YORK (Reuters) - Billionaire investor Jim Simons' Renaissance Technologies LLC was among the prominent funds that took positions in embattled regional bank Firs...
May 15, 2023
Erdogan’s strong showing signals “business as usual” for Mideast
By Amina Ismail and Lisa Barrington ERBIL, Iraq/DUBAI (Reuters) - The prospect of Tayyip Erdogan winning another presidential term in Turkey would once have rung alarms around the Middle East, but aft...
May 15, 2023
Analysis-Erdogan election showing cools Turkish turnaround hopes
By Marc Jones LONDON (Reuters) - Hopes among investors of a surge in Turkish markets evaporated on Monday after long-standing President Tayyip Erdogan took a commanding position in Turkey's elections....
May 15, 2023
Peoria, IL, USA
61 °F Partly cloudy
