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Funds

US Senate Democrats block Republican bid to aid Israel, not Ukraine

The U.S. Capitol Building is seen in Washington, U.S., August 15, 2023. REUTERS/Kevin Wurm/File Photo Acquire Licensing RightsWASHINGTON, Nov 7 (Reuters) - U.S. Senate Democrats on Tuesday blocked a Republican effort to win quick approval for a bill providing emergency aid to Israel that passed the House of Representatives last week, but that provides no assistance for Ukraine's war against Russia.Republican Senator Roger Marshall said: "Time is of the essence and it's imperative that the Senate not delay delivering this crucial aid to Israel another day," he said.Democrats objected, stressing...
Banking

Israel rebuffs calls for ceasefire; Lebanon strike angers Hezbollah

LATEST DEVELOPMENTS:Hezbollah says response will be 'firm and strong' after strike kills 3 children in LebanonBlinken says Palestinian Authority should have central role in future of GazaPalestinian telecommunications company Paltel says communications, internet service cut again across GazaGAZA/RAMALLAH, Nov 5 (Reuters) - Israel on Sunday rebuffed growing international pressure for a ceasefire and said its forces had encircled Gaza City as the top U.S. diplomat scrambled to contain a crisis that threatened to cause further escalation in neighbouring Lebanon.Gaza was under "unprecedented bombardment" from Israel on Sunday, Palestinian news agency...
Funds

US House passes Republicans’ Israel-only aid bill, faces dead end in Senate

WASHINGTON, Nov 2 (Reuters) - The U.S. House of Representatives on Thursday passed a Republican plan to provide $14.3 billion in aid to Israel and cut funding of the Internal Revenue Service, despite Democrats' insistence it has no future in the Senate and the White House's promise of a veto.The measure passed 226 to 196, largely along party lines, a shift from typical strongly bipartisan congressional support for providing aid to Israel. Twelve Democrats voted with 214 Republicans for the bill, and two Republicans joined 194 Democrats in objecting.The bill's...
Funds

Anti-war protest hits US Congress hearing as Biden officials seek aid for Israel, Ukraine

WASHINGTON, Oct 31 (Reuters) - Two of President Joe Biden's top advisers asked U.S. lawmakers to provide billions more dollars to Israel on Tuesday at a congressional hearing interrupted repeatedly by protesters denouncing American officials for backing what they called "genocide" against Palestinians in Gaza.Secretary of State Antony Blinken and Secretary of Defense Lloyd Austin testified to the Senate Appropriations Committee on Biden's request for $106 billion to fund ambitious plans for Ukraine, Israel and U.S. border security.Arguing that supporting U.S. partners is vital to national security, Biden requested $61.4...
Funds

‘Positions not matching yet’ as EU states fight for slice of budget pie

Members of the European Council speak as they attend the European Union leaders summit, in Brussels, Belgium October 26, 2023. REUTERS/Yves Herman Acquire Licensing RightsBRUSSELS, Oct 26 (Reuters) - From supporting Ukraine to boosting military might and managing migration, European Union leaders channelled diverging priorities on Thursday as they started debating where to put more money from their shared budget in the next four years.The EU is due to decide in December on a revision of its 2021-27 budget worth 1.1 trillion euros ($1.2 trln), which is already strained by...
Economy

Gold rally cools as traders eye MidEast developments, US data

Markets await US PCE price index, Q3 GDP data this weekPalladium up 3%Oct 23 (Reuters) - Safe-haven gold eased on Monday, hitting pause after jumping to within striking distance of the key $2,000 level in the last session, as traders positioned for further developments on the Middle East conflict and U.S. economic data.Spot gold fell 0.3% to $1,976.19 per ounce by 1:41 p.m. ET (1741 GMT). U.S. gold futures settled 0.3% lower at $1,987.80.Reuters Graphics"Safe-haven demand will continue to drive gold higher after a slight period of consolidation. We believe...
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