DIRS.INFO The most relevant business & tech news

☆ Yellen says World Bank needs 'cultural change' to better mobilize private capital
▼ + stars: | 2023-10-10 | by ( Andrea Shalal | ) www.reuters.com time to read: +3 min

REUTERS/Elizabeth Frantz/File Photo Acquire Licensing RightsBEN GUERIR, Morocco, Oct 10 (Reuters) - U.S. Treasury Secretary Janet Yellen said on Tuesday the World Bank had made progress in reforming its operations to better address climate change and other global challenges, but still needed "cultural change" to mobilize private sector capital. But more efforts were needed to equip World Bank staff to deliver the desired results, Yellen said. The reforms of the World Bank and other multilateral development banks (MDBs) are a key topic at this week's annual meetings in Morocco of the International Monetary Fund and World Bank. But government funding would never suffice, Yellen added, calling on the MDBs to establish concrete private capital mobilization targets and incentives for staff to meet them. She said the World Bank's International Finance Corp and MIGA divisions should expand their lending, guarantee and insurance instruments, and find new ways to smartly manage foreign exchange risk.

Persons: Janet Yellen, Elizabeth Frantz, BEN GUERIR, Ajay Banga, Yellen, Banga, Andrea Shalal, Catherine Evans Organizations: Treasury, Treasury Department, REUTERS, . Treasury, Bank, Mohammed VI Polytechnic University, World Bank, International Monetary Fund, Bank's International Finance Corp, Thomson Locations: Washington , U.S, Morocco, Ben Guerir

The surprise Hamas attack has dealt a blow to U.S. efforts to broker a landmark normalization deal between Israel and Saudi Arabia and complicated Washington's approach toward Iran, Hamas' longtime benefactor. “Quite simply, all efforts at normalization are on hold for the foreseeable future,” said Jon Alterman, head of the Middle East program at the Center for Strategic and International Studies, contradicting the official U.S. government line. Khaled Elgindy, a former Palestinian negotiations adviser, accused the Biden administration of leading an Israeli-Saudi normalization process that mostly bypassed the Palestinians and their hopes of ending Israeli occupation. “That sort of neglect is part of why we're seeing what we're seeing,” said Elgindy, now at the Middle East Institute. The immediate challenge is preventing the war from spiraling into a broader conflict, administration officials say, especially preventing the Iran-backed Lebanese group Hezbollah from opening a second front on Israel's northern border.

Persons: Joe Biden, Elizabeth Frantz, Biden, Benjamin Netanyahu, Antony Blinken, Israel, ”, Jon Alterman, John Kirby, “, ” Jonathan Panikoff, government’s, Khaled Elgindy, Elgindy, Panikoff, –, Netanyahu, Jake Sullivan, Biden’s, Prince Faisal bin Farhan, Matt Spetalnick, Humeyra Pamuk, Simon Lewis, David Brunnstrom, Steve Holland, Alexander Cornwell, Parisa, Aziz El Yaakoubi, Heather Timmons, Howard Goller Organizations: Hamas, White, REUTERS, Rights, U.S, Center for Strategic, International, White House National Security Council, Middle East Institute, Saudi, The Atlantic, Hezbollah, West Bank, Reuters, Atlantic Council, Thomson Locations: Israel, Washington , U.S, Saudi, Gaza, Ukraine, U.S, Saudi Arabia, Iran, Hamas, Tehran, Israeli, Riyadh, Washington, Lebanese, IRAN, Dubai

REUTERS/Elizabeth Frantz/File Photo Acquire Licensing RightsWASHINGTON, Oct 8 (Reuters) - U.S. Secretary of State Antony Blinken said part of the motivation for Hamas' latest attack on Israel may have been disrupting a potential normalizing of Israel-Saudi Arabia ties and said Washington will announce new assistance for Israel on Sunday. The United said on Sunday that Saudi-Israel normalization efforts should continue despite the latest attack. The secretary of state said details of new U.S. assistance for Israel will be made public later, as he labeled the attack on Israel as a "terrorist attack by a terrorist organization." I think you're likely to hear more about that later today," Blinken told CNN. He added that there was not yet any evidence seen by the United States of Iran being behind the latest attack in Israel but he noted the long-standing ties between Iran and Hamas, which governs Gaza.

Persons: Antony Blinken, Joe Biden, Elizabeth Frantz, Washington, Blinken, Benjamin Netanyahu, Jon, We're, Kanishka Singh, Susan Heavey, Joey Roulette, Heather Timmons, Lisa Shumaker Organizations: Hamas, White, REUTERS, Rights, Israel, Sunday, CNN, U.S, Deputy National, Fox News Sunday, Thomson Locations: Israel, Washington , U.S, Saudi Arabia, Gaza, Egypt, Syria, Yom, East, Saudi, GAZA, United States, Washington, Israeli, Iran

Israel battered Palestinians with air strikes in Gaza on Sunday, with hundreds reportedly killed on both sides. Austin also added that the United States will provide munitions to Israel, and that its security assistance will begin moving on Sunday. Austin said he ordered moving a carrier strike group closer to Israel, which includes the Ford carrier and ships that support it. The United States on Sunday said that Saudi-Israel normalization efforts should continue despite the latest attack. Blinken labeled the attack on Israel as a "terrorist attack by a terrorist organization."

Persons: Antony Blinken, Joe Biden, Elizabeth Frantz, Lloyd Austin, Israel, Austin, Benjamin Netanyahu, Gerald R, Ismail Haniyeh, Jerusalem's Al, Netanyahu, Jon, We're, Blinken, Kanishka Singh, Idrees Ali, Steve Holland, Susan Heavey, Joey Roulette, Heather Timmons, Lisa Shumaker, Mark Porter Organizations: Hamas, White, REUTERS, Rights, Defense, Pentagon, Israeli Defense Forces, Ford, Ford Carrier Strike Group, CNN, Saturday, West Bank, U.S, Deputy National, Fox News Sunday, Thomson Locations: Israel, Washington , U.S, United States, Washington, Saudi Arabia, Gaza, Egypt, Syria, Yom, Jerusalem, Aqsa, East, Saudi, GAZA, Israeli, Iran

☆ Moderate US job growth slowdown expected in September
▼ + stars: | 2023-10-06 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

The Labor Department's closely watched employment report on Friday is also expected to show wage gains remaining elevated. Eighteen months after the Federal Reserve started raising interest rates, the labor market is only gradually easing. Labor market resilience, which is underpinning demand in the economy, raises the risk that the U.S. central bank could hike rates again by year end. Nonfarm payrolls likely increased by 170,000 jobs last month after rising 187,000 in August. Wage growth likely remained solid, with average hourly earnings forecast to have risen 0.3% after climbing 0.2% in August.

Persons: Elizabeth Frantz, Nick Bunker, Nonfarm, payrolls, Veronica Clark, Clark, Megan Way, Lucia Mutikani, Andrea Ricci Organizations: REUTERS, Labor, Federal Reserve, Citigroup, United Auto Workers, UAW, General Motors, Ford Motor, Chrysler, Hollywood, Babson College, Thomson Locations: Arlington , Virginia, U.S, y WASHINGTON, Tampa , Florida, Payrolls, New York, Washington ., Wellesley , Massachusetts

☆ US job growth sizzles; wage inflation cooling
▼ + stars: | 2023-10-06 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

The report followed news this week that job openings jumped in August and first-time applications for unemployment benefits remained low in September. "Moreover, it underscores that they will be in no hurry to cut rates - higher rates for longer." The economy needs to create roughly 100,000 per month to keep up with growth in the working-age population. Monthly wage growth also remained moderate, with average hourly earnings rising 0.2% after a similar gain in August. But as fewer people quit their jobs in search of greener pastures, wage growth could moderate, though recent hefty union contracts pose a risk.

Persons: Elizabeth Frantz, Kathy Bostjancic, Lucia Mutikani, Andrea Ricci, Chizu Organizations: REUTERS, Federal Reserve, Labor Department, Financial, Treasury, Nationwide, Reuters, United Auto Workers, UAW, General Motors, Ford Motor, Chrysler, Manufacturing, Labor, Thomson Locations: Arlington , Virginia, U.S, WASHINGTON, payrolls, Washington .

☆ Further Fed rate hike comes into view as job growth soars
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +1 min

An employee hiring sign with a QR code is seen in a window of a business in Arlington, Virginia, U.S., April 7, 2023. Implied yields on contracts tied to the Fed policy rate pointed to a nearly 50% chance the Fed will lift the benchmark short-term borrowing rate a quarter of a percentage point to the 5.50%-5.75% range at its December meeting. Before the jobs report, traders had given a quarter-point rate hike then about a 34% chance. The report, expected to show non-farm payrolls increased by 170,000 in September but in fact showing employers added 336,000 jobs, also had traders paring bets on Fed rate cuts next year. Futures contracts now price in a Fed policy rate of 4.69% at the end of next year, up from the 4.59% seen before the report.

Persons: Elizabeth Frantz, Tim Ghriskey, Ingalls & Snyder, Ann Saphir, Sinead Carew, Lucia Mutikani, Chizu, Christina Fincher Organizations: REUTERS, Federal Reserve, Ingalls &, Thomson Locations: Arlington , Virginia, U.S

[1/2] An employee hiring sign is seen in a window of a business in Arlington, Virginia, U.S., April 7, 2023. The report will be released at 8:30 a.m. (1230 GMT), based on surveys conducted before a United Auto Workers strike could influence the outcome. "We think the Fed would like to see a bit more evidence of cooling labor market conditions than we expect," Oxford Economics lead U.S. economist Nancy Vanden Houten wrote this week. But she said that wage gains were likely to prove a bit stronger than the month before. Reporting by Howard Schneider; Editing by Andrea RicciOur Standards: The Thomson Reuters Trust Principles.

Persons: Elizabeth Frantz, Nancy Vanden Houten, Howard Schneider, Andrea Ricci Organizations: REUTERS, Rights, Federal Reserve, United Auto Workers, Reuters, Reuters Graphics, Reuters Graphics Reuters, Wage, Fed, Thomson Locations: Arlington , Virginia, U.S, Oxford

☆ Alabama Democrats likely to flip seat under court-approved congressional map
▼ + stars: | 2023-10-05 | by ( Joseph Ax | ) www.reuters.com time to read: +2 min

The three-judge panel selected a map that preserves the state's lone majority-Black district while creating a second district in which Black voters make up nearly half of the voting-age population. Democrats would need to flip five seats in the 435-seat House of Representatives to take back the majority in the November 2024 election. Civil rights groups challenged the Republican map, arguing that Republicans had deliberately spread Black voters thin to ensure they would continue to win six of the state's seven districts. "And it would not have been this way if the legislature had created a second opportunity district or majority-minority district." Similar challenges are also pending in Louisiana and Georgia, where civil rights groups have argued that Republican lawmakers illegally disadvantaged Black voters by manipulating congressional lines.

Persons: Terri Sewell, Martin Luther King Jr, Elizabeth Frantz, Donald Trump, Ronald Reagan, Bill Clinton, Joseph Ax, Aurora Ellis Organizations: Union, REUTERS, House, Republican, The U.S, Supreme, Circuit, Appeals, Democratic, Thomson Locations: Washington , U.S, Alabama, U.S, Black, The, Louisiana, Georgia

☆ US employers announce fewer layoffs in September, report shows
▼ + stars: | 2023-10-05 | by ( Amina Niasse | ) www.reuters.com time to read: +2 min

Announced job cuts by U.S.-based employers totaled 47,457 last month, down about 37% from 75,151 in August, outplacement firm Challenger, Gray & Christmas said in the report. The announced layoffs were the largest since 2020, the first year of the coronavirus pandemic, on a year-to-date basis, the report said. Employers most frequently cited market uncertainty as a reason for the layoffs last month, followed by the closure of businesses, units or stores. In September, employers announced plans to add 590,353 jobs, up from the 380,014 announced hires in September 2022. The majority of these positions fill seasonal hiring needs, the Challenger report said.

Persons: Elizabeth Frantz, Andrew Challenger, Amina Niasse, Paul Simao Organizations: REUTERS, U.S, Employers, Bureau of Labor Statistics, Labor, Survey, Challenger, Thomson Locations: Arlington , Virginia, U.S

☆ US job openings jump in August; quits rate unchanged
▼ + stars: | 2023-10-03 | by ( Lucia Mutikani | ) www.reuters.com time to read: +4 min

The jump reported by the Labor Department in its Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday snapped three straight monthly declines in job openings. There were 1.5 job openings for every unemployed person in August and the quits rate was unchanged. Data for July was revised higher to show 8.920 million job openings instead of the previously reported 8.827 million. Economists polled by Reuters had forecast 8.800 million job openings in August. The job openings rate increased to 5.8% from 5.4% in July.

Persons: Elizabeth Frantz, Jeffrey Roach, Lucia Mutikani, Andrea Ricci, Paul Simao Organizations: REUTERS, Federal Reserve, Labor Department, Labor, Survey, Fed, LPL Financial, Reuters, Treasury, Thomson Locations: Arlington , Virginia, U.S, WASHINGTON, Charlotte , North Carolina, State, Hollywood

Ahead of a White House welcome for the leaders, Biden announced U.S. diplomatic recognition of two more Pacific islands nations, the Cook Islands and Niue. The White House said this year it would focus on priorities including climate change, economic growth, sustainable development, public health and countering illegal fishing. In Baltimore on Sunday, Pacific island leaders visited a Coast Guard cutter in the harbor and were briefed on combating illegal fishing by the Commandant of the Coast Guard, an official said. The White House in 2022 said the U.S. would invest more than $810 million in expanded programs to aid the Pacific islands. She added that Pacific island countries "welcome the U.S. re-engagement with the region, but don't want geopolitical tussles to result in an escalation of militarization."

Persons: Joe Biden, Walter E, Elizabeth Frantz, Biden, Manasseh Sogavare, Washington, Sogavare, Meg Keen, Sato Kilman, Kilman, Ishmael Kalsakau, David Brunnstrom, Trevor Hunnicutt, Kirsty Needham, Don Durfee, Grant McCool Organizations: Congressional Black Caucus Foundation, Washington Convention Center, REUTERS, Rights, Pacific, NFL, White, U.S ., Niue, Sunday, Coast Guard, Sunday's National Football League, Baltimore Ravens, Indianapolis Colts, Solomon, Biden, Australia's Lowy Institute, USAID, Vanuatu, Reuters, Thomson Locations: Washington , U.S, Washington, Cook Islands, Niue, The U.S, Papua New Guinea, U.S, Asia, Cook, Baltimore, Pacific, China, Beijing, Congress, Australia, Vanuatu, Fiji, Kiribati, Hawaii, Palau, Micronesia, Marshall, Sydney

☆ Biden says Republicans should live up to budget deal
▼ + stars: | 2023-09-24 | by ( ) www.reuters.com time to read: +1 min

U.S. President Joe Biden delivers remarks during the Congressional Black Caucus Foundation Phoenix Awards Dinner at the Walter E. Washington Convention Center in Washington, U.S., September 23, 2023. REUTERS/Elizabeth Frantz Acquire Licensing RightsWASHINGTON, Sept 23 (Reuters) - U.S. President Joe Biden on Saturday rebuked what he called "extreme Republicans", saying the party's lawmakers needed to take immediate steps to prevent a government shutdown ahead of a Sept. 30 deadline. "Now a small group of extreme Republicans don't want to live up to the deal," he said. Biden also cast his 2024 campaign against likely Republican challenger former President Donald Trump as a battle against political extremism. "I wish I could say our threat to democracy ended with our victory in 2020 but it didn't," Biden said.

Persons: Joe Biden, Walter E, Elizabeth Frantz, Biden, Donald Trump, Trevor Hunnicut, Joel Schectman, William Mallard, Jamie Freed Organizations: Congressional Black Caucus Foundation, Washington Convention Center, REUTERS, Rights, Republican, Republicans, America, Thomson Locations: Washington , U.S

Senator Tim Scott (R-SC) attends a "Politics and Pie" town hall at Phenix Hall in Concord, New Hampshire, U.S., August 25, 2023. REUTERS/Elizabeth Frantz/File Photo Acquire Licensing RightsWASHINGTON, Sept 22 (Reuters) - The United Auto Workers (UAW) union has filed a labor complaint against Republican presidential candidate and U.S. Senator Tim Scott after his suggestion that auto workers on strike should be terminated. Scott doubled down on Friday after the complaint against him and said UAW "is one of the most corrupt and scandal-plagued unions" in the United States. * The automakers have proposed 20% raises over 4-1/2 years, while the UAW is seeking 40%.

Persons: Tim Scott, Elizabeth Frantz, Shawn Fain, Scott's, Scott, Ronald Reagan, Kanishka Singh, Chris Reese Organizations: U.S, SC, Phenix Hall, REUTERS, Rights, United Auto Workers, UAW, Republican, National Labor Relations Board, Detroit, General Motors, Chrysler, GM, Thomson Locations: Concord , New Hampshire, U.S, United States, United, Washington

Menendez said he decided to step down temporarily as chairman of the Senate Foreign Relations Committee. Menendez has been a crucial partner for Biden on these and other foreign policy priorities. "Like him or dislike him, Menendez has played an incredibly influential role when it comes to shaping U.S. foreign policy," said Daniel Vajdich, a Republican former Foreign Relations Committee staffer. Vajdich noted that Menendez's departure adds to uncertainty on Capitol Hill about foreign policy, given sharp divisions among Republicans, who control the House of Representatives, on issues like aid to Ukraine. Under Senate Democratic Conference rules, any member charged with a felony must give up his or her committee leadership position.

Persons: Bob Menendez, Elizabeth Frantz, Joe Biden, Menendez, Biden, Daniel Vajdich, Vajdich, Ben Cardin, Karine Jean, Pierre, Suzanne Wrasse, Jim Risch, Risch, Barack Obama's, Patricia Zengerle, Don Durfee, Timothy Gardner Organizations: REUTERS, Rights, Democratic, Senate Foreign Relations, Justice Department, Russian, Senate, Ukraine, Republican, Foreign Relations, Hill, Republicans, White House, Senate Democratic Conference, Thomson Locations: Washington , U.S, Ukraine, China . U.S, New Jersey, China, United States, UKRAINE, Kyiv, Iran

☆ Texas Senate acquits AG Paxton in impeachment trial, keeps him in office
▼ + stars: | 2023-09-16 | by ( Brad Brooks | ) www.reuters.com time to read: +5 min

Paxton, a Republican, has been dogged by corruption allegations since first taking office in 2014. He still faces a state trial on securities fraud and is under investigation by the FBI. Paxton, an ally of former U.S. President Donald Trump, repeatedly insisted that he was innocent and that the impeachment trial is a political witchhunt. Paxton was overwhelmingly impeached by the Republican-dominated Texas House in May. The last impeachment trial of a statewide officeholder in Texas was in 1917.

Persons: Ken Paxton, Joe Biden's, Elizabeth Frantz, Paxton, Donald Trump, Governor Dan Patrick, Patrick, doesn't, Greg Abbott, Biden, Roland Gutierrez, George P, Bush, Rochelle Garza, Paxton's, Nate Paul, Paul, Tony Buzbee, Angela, Brad Brooks, Donna Bryson, Mark Porter, Diane Craft Organizations: U.S, Supreme, Trump, REUTERS, The Texas Senate, firebrand, Republican, FBI, Texas, Texas Republicans, Texas Republican Party, Texas House, Texas Senate, Republicans, Thomson Locations: Texas, Mexico, Washington , U.S, Longmont , Colorado

☆ Texas Senate ends deliberations in AG Paxton's impeachment trial; Vote imminent
▼ + stars: | 2023-09-16 | by ( Brad Brooks | ) www.reuters.com time to read: +4 min

He's said he is innocent and that the impeachment trial is a political witchhunt. Paxton faces 16 articles of impeachment in the Senate trial. Paxton was overwhelmingly impeached by the Republican-dominated Texas House in May. The Texas Senate has 19 Republicans and 12 Democrats. The last impeachment trial of a statewide officeholder in Texas was in 1917.

Persons: Ken Paxton, Joe Biden's, Elizabeth Frantz, Governor Dan Patrick, Paxton, Donald Trump, He's, George P, Bush, Rochelle Garza, Paxton's, Nate Paul, Paul, Tony Buzbee, Angela, Brad Brooks, Donna Bryson, Mark Porter, Diane Craft Organizations: U.S, Supreme, Trump, REUTERS, The Texas Senate, Republican, Texas Republican Party, Texas House, FBI, Texas Senate, Republicans, Thomson Locations: Texas, Mexico, Washington , U.S, Longmont , Colorado

☆ Impeachment trial of Texas AG Paxton nears end, could see him removed
▼ + stars: | 2023-09-15 | by ( Brad Brooks | ) www.reuters.com time to read: +4 min

REUTERS/Elizabeth Frantz/File Photo Acquire Licensing RightsSept 15 (Reuters) - Closing arguments were set for Friday in the impeachment trial of Texas Attorney General Ken Paxton, following eight days of testimony from whistle blowers alleging corruption and defenders saying he did nothing wrong. Paxton, a conservative Republican firebrand who is strongly aligned with former U.S. President Donald Trump, faces 16 articles of impeachment in the trial, in which the Republican-dominated Texas Senate serves as the jury. It is the first impeachment proceeding against a statewide office holder in Texas in over a century. As attorney general, Paxton backed powerful oil and gas interests and pursued restrictions on abortion and transgender rights. He has led Republican state opposition to the policies of Democratic presidents, and filed an unsuccessful lawsuit seeking to overturn Trump's 2020 election defeat.

Persons: Ken Paxton, Joe Biden's, Elizabeth Frantz, Paxton, Donald Trump, George P, Bush, Trump's, Brad Brooks, Donna Bryson, Leslie Adler Organizations: U.S, Supreme, Trump, REUTERS, Texas, Republican firebrand, Republican, Texas Senate, Texas Republican Party, Texas House, FBI, Democrat, Democratic, Thomson Locations: Texas, Mexico, Washington , U.S, Longmont , Colorado

watch nowHunter Biden, son of President Joe Biden, was indicted Thursday on three criminal counts related to his possession of a firearm, a court filing showed. The charges in U.S. District Court in Delaware came weeks after the unexpected collapse of a deal with federal prosecutors. Hunter Biden, who has been open about his substance abuse struggles, is charged in two of the counts with lying about his illegal drug use in connection with his purchase of a Colt Cobra revolver. The White House and an attorney for Hunter Biden did not respond to initial requests for comment. Hunter Biden arrives at Hancock Field Air National Guard Base after disembarking from Air Force One with his father, U.S. President Joe Biden, in Syracuse, New York, Feb. 4, 2023.

Persons: Hunter Biden, Joe Biden, Elizabeth Frantz Organizations: Hancock Field Air National Guard Base, Air Force Locations: U.S, Delaware, Syracuse , New York

THE TAKEThe federal government continues to steer toward a partial government shutdown on Oct. 1, as none of the one-dozen appropriations bills have been worked out between the Senate and House of Representatives. It also is unclear if enough House Republicans will support a separate, stopgap spending bill the White House has requested to keep the government operating beyond Sept. 30 when funds expire. CONTEXT* The Senate's bipartisan appropriations bills maintain the spending levels negotiated by House Speaker Kevin McCarthy and President Joe Biden, but a faction of House Republicans have pressed for more cuts. * The House has so far passed only one appropriations bill of the 12 total ahead of the deadline. WHAT'S NEXTThe Senate will hold a vote to pass the package in the next few days.

Persons: Elizabeth Frantz, Kevin McCarthy, Joe Biden, McCarthy, Makini Brice, Chizu Organizations: U.S, Caucus, Capitol, REUTERS, Rights, U.S . Senate, Republicans, White, House Republicans, Thomson Locations: Washington , U.S

☆ US House Republican leaders postpone appropriations vote
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: 1 min

The U.S. Capitol dome is seen as members of the House Freedom Caucus and others hold a press conference regarding federal government spending on Capitol Hill in Washington, U.S., September 12, 2023. REUTERS/Elizabeth Frantz Acquire Licensing RightsWASHINGTON, Sept 13 (Reuters) - The U.S. House of Representatives on Wednesday postponed a vote that would have begun debate on the defense appropriations bill for the next fiscal year, placing in further question the chamber's ability to pass its remaining government funding bills ahead of a Sep. 30 deadline. Reporting by Makini Brice and Richard Cowan; Editing by Scott MaloneOur Standards: The Thomson Reuters Trust Principles.

Persons: Elizabeth Frantz, Makini Brice, Richard Cowan, Scott Malone Organizations: U.S, Caucus, Capitol, REUTERS, Rights, U.S . House, Thomson Locations: Washington , U.S

☆ Citigroup CEO Jane Fraser pushes biggest overhaul in almost two decades
▼ + stars: | 2023-09-13 | by ( Tatiana Bautzer | ) www.reuters.com time to read: +3 min

Citigroup CEO Jane Fraser testifies during a U.S. House Financial Services Committee hearing titled “Holding Megabanks Accountable: Oversight of America’s Largest Consumer Facing Banks” on Capitol Hill in Washington, U.S., September 21, 2022. The bank is also planning to list its Mexican consumer unit, known as Banamex, after a sale process fell through. Scottish-born Fraser is the first woman to lead a Wall Street bank. She spoke in March about her life and career in a wide-ranging interview with Carlyle Group (CG.O) Co-Founder David Rubenstein. Reporting by Tatiana Bautzer; writing by Michelle Price; editing by Lananh Nguyen and Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Jane Fraser, Elizabeth Frantz, Jane Fraser's, we've, Fraser, Michael Corbat's, Sandy Weill, David Rubenstein, Goldman Sachs, Smith Barney, Tatiana Bautzer, Michelle Price, Lananh Nguyen, Josie Kao Organizations: Citigroup, . House Financial, REUTERS, Citi, JPMorgan Chase &, Bank of America, Banks, Carlyle Group, Cambridge University, Harvard Business School, McKinsey, Thomson Locations: Washington , U.S, U.S, New York, Scottish, Mexico

Biden previously had mocked Republicans over a possible impeachment and the White House said they have no basis to do so. [1/4]U.S. House Speaker Kevin McCarthy (R-CA) calls for an impeachment inquiry into U.S. President Joe Biden while delivering a statement on allegations surrounding President Biden and his son Hunter Biden, on Capitol Hill in Washington, U.S., September 12, 2023. Senate Democratic Leader Chuck Schumer called the impeachment inquiry "absurd." Richard Nixon resigned in 1974 as he faced an impeachment vote. Public opinion polling has shown many Americans believe Hunter Biden has received special treatment.

Persons: Kevin McCarthy, Joe Biden, Donald Trump, Trump, Biden, Hunter, McCarthy, Ian Sams, Trump's, Hunter Biden, Elizabeth Frantz, Mitt Romney, coddled Hunter Biden, Romney, Kevin McCarthy’s, Pramila Jayapal, Ken Buck, Chuck Schumer, Bill Clinton, Andrew Johnson, Richard Nixon, Lisa Murkowski, Moira Warburton, Jason Lange, David Morgan, Andy Sullivan, Will Dunham, Scott Malone, Daniel Wallis Organizations: Republican U.S, Democratic, House, Republicans, White, U.S, Biden, OF HUNTER Republicans, ., Capitol, REUTERS, GOP, Senate, Trump, Reuters, Thomson Locations: Ukraine, McCarthy's, America, Washington , U.S

☆ Top US House Republican McCarthy calls for Biden impeachment inquiry
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +4 min

[1/2] U.S. House Speaker Kevin McCarthy (R-CA) calls for an impeachment inquiry into U.S. President Joe Biden while delivering a statement on allegations surrounding President Biden and his son Hunter Biden, on Capitol Hill in Washington, U.S., September 12, 2023. Some lawmakers on the Republican right flank have said they would try to remove McCarthy as the leader of the House if he did not move ahead with an impeachment effort against Biden. "I am directing our House committees to open a formal impeachment inquiry into President Joe Biden," McCarthy told reporters. The White House has said there is no basis for an investigation and Biden has mocked Republicans over a possible impeachment. Any Biden impeachment effort would be unlikely to succeed.

Persons: Kevin McCarthy, Joe Biden, Biden, Hunter Biden, Elizabeth Frantz, Donald Trump, McCarthy, Hunter, substantiation, Trump, Richard Cowan, Makini Brice, David Morgan, Andy Sullivan, Will Dunham, Scott Malone Organizations: ., Capitol, REUTERS, Rights, Republican U.S . House, Democratic, Democrats, Republican, Trump, Republicans, Constitution, U.S, Thomson Locations: Washington , U.S, McCarthy's, U.S, Ukraine

☆ McCarthy faces threat as US House speaker despite impeachment move
▼ + stars: | 2023-09-12 | by ( David Morgan | ) www.reuters.com time to read: +4 min

U.S. House Speaker Kevin McCarthy (R-CA) calls for an impeachment inquiry into U.S. President Joe Biden while delivering a statement on allegations surrounding President Biden and his son Hunter Biden, on Capitol Hill in Washington, U.S., September 12, 2023. REUTERS/Elizabeth Frantz Acquire Licensing RightsWASHINGTON, Sept 13 (Reuters) - U.S. House Speaker Kevin McCarthy will confront a fractured caucus on Wednesday, with his role as the top Republican in Congress under threat from the far right, despite giving hardline conservatives the impeachment inquiry they wanted. McCarthy conceded to weeks of pressure from hardliners and allies of former President Donald Trump by launching a formal probe of Democratic President Joe Biden. "We cannot use impeachment as a political weapon against every president," Republican Representative Don Bacon, a Nebraska centrist, said in a statement. '," Republican Representative Bob Good said at a news conference.

Persons: Kevin McCarthy, Joe Biden, Biden, Hunter Biden, Elizabeth Frantz, McCarthy, Donald Trump, Don Bacon, Matt Gaetz, Gaetz, Chip Roy, Roy, Texas Republican shrugged, Clay Higgins, Higgins, Bob Good, Ralph Norman, David Morgan, Makini Brice, Scott Malone, Stephen Coates Organizations: Capitol, REUTERS, Rights, ., Republican, Democratic, Republicans, Texas Republican, House Democrats, Caucus, America, Thomson Locations: Washington , U.S, Nebraska, Texas, Mexico

Search resuls for: "Elizabeth Frantz"

25 mentions found