Town Hall News

By Jack Queen (Reuters) – A scathing Federal Reserve report on the collapse of Silicon Valley Bank released on Friday could be a boon to shareholders suing the defunct lender’s executives for allegedly hiding risks that led to its stunning downfall, legal experts said. The Fed took its own share of the blame for SVB’s sudden collapse in March but also concluded that “foundational and widespread managerial weaknesses” at the […]

WASHINGTON (Reuters) – The U.S. confiscated Iranian oil on a tanker at sea in recent days in a sanctions enforcement operation, three sources said, and days later Iran seized another oil-laden tanker in retaliation, according to a maritime security firm. As oil markets remain jittery, the cargo seizure is the latest escalation between Washington and Tehran after years of sanctions pressure by the U.S. over Iran’s nuclear program. Iran does […]

By Jack Queen (Reuters) – A scathing Federal Reserve report on the collapse of Silicon Valley Bank released on Friday could be a boon to shareholders suing the defunct lender’s executives for allegedly hiding risks that led to its stunning downfall, legal experts said. The Fed took its own share of the blame for SVB’s sudden collapse in March but also concluded that “foundational and widespread managerial weaknesses” at the […]

By Lucinda Elliott and Daniela Desantis ASUNCION (Reuters) – In the heart of Paraguay’s capital Asuncion, a tropical city close to the Argentine border, voters are gearing up for election day on Sunday, with the economy, corruption and Taiwan on their minds. The farming nation of just under 7 million people will go to the polls to vote in what is expected to be a close contest between the slick, […]

By Douglas Gillison (Reuters) – The Federal Reserve on Friday blamed the deregulatory zeal that occurred during the Trump era for contributing to the second-largest bank failure in U.S. history, appearing to take a clear stand on an acrimonious policy divide in Washington. Amid the turmoil that Silicon Valley Bank’s implosion unleashed on the financial system last month, some Republicans and industry advocates have argued strenuously that a 2018 roll-back […]

HAVANA (Reuters) – Cuban and U.S. officials met on Friday in Havana to discuss anti-terrorism measures, Cuba’s interior ministry said, broaching a particularly thorny subject between the two long-time rivals in the latest in a series of bilateral talks. Terrorism is a contentious issue as Cuba is on the U.S. list of state sponsors of terrorism, a matter the two sides agreed to continue discussing, however the talks this week […]

WASHINGTON (Reuters) -The U.S. Army on Friday ordered its aviation units to pause operations for one day next month to review safety procedures and training after two recent helicopter crashes killed 12 soldiers. The move will ground all Army aviators, except those participating in critical missions, until they complete the required training, the Army said in a statement. Three U.S. Army pilots were killed in Alaska on Thursday when two […]

WASHINGTON (Reuters) -The U.S. Army on Friday ordered its aviation units to pause operations for one day next month to review safety procedures and training after two recent helicopter crashes killed 12 soldiers. The move will ground all Army aviators, except those participating in critical missions, until they complete the required training, the Army said in a statement. Three U.S. Army pilots were killed in Alaska on Thursday when two […]

CAIRO (Reuters) – Syrian air defenses intercepted an Israel rocket attack in the vicinity of the city of Homs in the early hours of Saturday and shot down some of them, state media said, citing a military source. The attack resulted in three civilian injuries as well as material damages, it added. Israel has for years been carrying out attacks against what it has described as Iran-linked targets in Syria, […]