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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...
Banking

World Bank poised to host climate loss and damage fund, despite concerns

Local resident Tarusila Boseiwaqa walks along a sea wall that no longer protects homes from the intrusion of water at higher tides, as a rainbow forms over Serua Village, Fiji, July 14, 2022. REUTERS/Loren Elliott/File Photo Acquire Licensing RightsNov 4 - Countries moved a step closer on Saturday to getting a fund off the ground to help poor states damaged by climate disasters, despite reservations from developing nations and the United States.The deal to create a "loss and damage" fund was hailed as a breakthrough for developing country negotiators at...
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...
Currencies

US says some crypto firms not doing enough to stop illicit finance

U.S. Deputy Treasury Secretary Wally Adeyemo speaks at the Royal United Services Institute in London, Britain, October 27, 2023. REUTERS/Hannah McKay/File Photo Acquire Licensing RightsLONDON, Oct 27 (Reuters) - The United States on Friday said some firms in the digital asset space were not doing enough to stop the flow of illicit finance - a subject which has come under renewed scrutiny following the deadly attacks in Israel by Palestinian militant group Hamas.U.S. Deputy Treasury Secretary Wally Adeyemo, speaking at an event in London, said the "vast majority" of financial...
Economy

Gold little changed with focus on Middle East conflict, US economic data

US Q3 GDP data due on Thursday, PCE price index on Friday$2000 still on the cards if MidEast tensions escalate-analystPlatinum down more than 1%Oct 24 (Reuters) - Gold held nearly steady on Tuesday after hitting a five-month high last week, while traders kept one eye on U.S. economic data and another on tensions in the Middle East.Spot gold ticked 0.1% higher at $1,975.39 per ounce by 12:42 p.m. ET (1742 GMT) after falling as much as 1% earlier in the session. U.S. gold futures settled 0.1% lower at $1,986.1."We saw...
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