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According to the results from Saturday's vote declared by the Independent National Electoral Commission (INEC), APC won the governorship in 15 states -- Lagos, Sokoto, Katsina, Jigawa, Gombe, Kwara, Niger, Yobe, Nasarawa, Cross River, Ebonyi, Ogun, Benue, Kaduna

At the end of 2022, the U.S. banking industry was sitting on a total of about $620 billion in unrealized losses as a result of investments undermined by the rise of interest rates. Just as before the 2008 financial crisis, banks have once again managed to ring up billions in profits by making risky bets and then gone running for government aid as those bets have started to sour. But the wide-ranging intervention is only necessary because the newly shuttered banks - the second- and fourth-largest failed banks in American history - were not exceptions to a pattern of general probity.

"It was a very, very good year. All our activities did very well," CEO Torbjorn Tornqvist told Reuters on the sidelines of the Financial Times Commodities Global Summit, declining to give figures as the firm's results are still being finalised.

LAUSANNE, Switzerland, March 21 (Reuters) - Energy trader Gunvor made strong profits last year and is looking to expand its oil trading and develop a significant power trading arm in the United States, its CEO told Reuters.

It identifies inflation as primarily responsible for this figure. 7 shows that exports to China increased by $2.4 billion on the year to hit a "record high" of $153.8 billion in 2022, that is an "empty statement", according to a new report from the Peterson Institute for International Economics (PIIE).

In the key northeastern region of Adamawa -- which could see the election of Nigeria's first woman governor -- the results were declared "inconclusive" as the number of voters unable to cast their ballot was greater than the margin between the two fro

BEIJING, March 23 (Reuters) - China has never deliberately pursued a trade surplus with the United States, Shu Jueting, a commerce ministry spokesperson, said on Thursday, despite signs that China is continuing to reduce its reliance on American exports.

Novak Djokovic said he had no regrets about missing tournaments at Indian Wells and Miami due to his Covid-19 vaccination status but hoped that he would be allowed into the United States later this year for the US Open.

When the American public last swallowed the bitter pill of a bank bailout, policymakers promised to regulate the industry more stringently to end the long-running cycle of privatized profits and losses absorbed by the public.

The spokesperson said impacted workers would be paid for 90 days to find jobs at other facilities, including those in Joliet, Illinois, and Lancaster, Texas, where the company has opened up new high-tech e-commerce distribution centers.

Becker announced Tuesday that he will not accept renomination to the board as his term expires this week. Representatives of the states that make up ERIC are scheduled to meet Friday to discuss its future.

On a post-earnings call in February, Walmart CEO Doug McMillon said he was 'most excited about the automation opportunity we have' with plans to increase investments in automation technology as part of its more than $15-billion capital expenditure budget this year.

The government does not want to describe its actions as a bailout because voters don´t like bailouts. The customers of Silicon Valley Bank, in particular, have been loudly unhappy to be described as the beneficiaries of a bailout because that´s an embarrassing thing to be; it contravenes the mythology of Silicon Valley as a scrappy frontier where people build the future without help, or oversight, from the government.

The pace of failures reached similar heights in the immediate aftermath of the 2008 financial crisis, but since then failures have been much less common. Those changes, including the safeguards imposed by the 2010 Dodd-Frank Act, were, largely, to the good. On average, an American bank failed every three days between 1980 and 1994. The failures in recent days ended the second-longest stretch without a bank failure since the Great Depression.

and the rest is demand destruction, close to 20%. We think Europe was able to cover about half... That´s about 1,000 LNG cargoes. "Europe was taking about 110 billion cubic meters per year from Russia. Some of it is weather related," he said.

Swiss energy traders have posted record returns over the last few years as they thrived in extremely volatile markets brought on by the COVID-19 pandemic and then Russia's invasion of Ukraine last year.

Pfizer chose to go it alone because "when you get money from someone, that always comes with strings," as CEO Albert Bourla explained in September 2020. Early in the Covid pandemic, Moderna received $900 million from OWS for trials to test its mRNA vaccine in partnership with the National Institutes of Health.

Congress should also require clawbacks of executive compensation and dividends at failed banks. If bankers are required in the future to return some of what they have gained from their poor decisions, it might have a sobering effect.