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UNITED NATIONS, March 15 (Xinhua) -- The China-brokered agreement between Saudi Arabia and Iran on the restoration of diplomatic relations represents an opportunity for the resolution of the conflict in Yemen, said a UN spokesman on Wednesday.

Asked how optimistic UN Secretary-General Antonio Guterres is about the possibility of the Saudi-Iran agreement leading to a breakthrough in Yemen, Stephane Dujarric, his spokesman, said the agreement "is clearly an opportunity."

NEW YORK, March 13 (Xinhua) -- Wall Street's major averages finished mixed on Monday as investors dumped financial shares after recent bank failures in the United States.

The Dow Jones Industrial Average fell 90.5 points, or 0.28 percent, to 31,819.14. The S&P 500 decreased 5.83 points, or 0.15 percent, to 3,855.76. The Nasdaq Composite Index rose 49.95 points, or 0.45 percent, to 11,188.84.

NEW YORK, March 13 (Xinhua) -- New York-based Signature Bank, a key lender in the crypto industry, was shut down Sunday by state regulators over a "similar systemic risk exception," the U.S. Treasury Department, the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) said in a joint statement.

The move came two days after California's Silicon Valley Bank (SVB) collapsed as depositors rushed to withdraw funds.

13 Mar 2023; MEMO: More than 250 US-based financial investors warned Prime Minister, Benjamin Netanyahu, that Israel's judicial overhaul could prevent further investments into the country.

In an open letter addressed to the Prime Minister, published yesterday, the 255 investors expressed "deepest dismay" regarding the planned legislation, which they described as a "judicial coup".

NEW YORK (AP) — Donald Trump’s former lawyer and fixer Michael Cohen is poised to testify Monday before a Manhattan grand jury investigating hush-money payments he arranged and made on the former president’s behalf.

Cohen’s impending grand jury appearance was confirmed by two people familiar with the matter who were not authorized to speak publicly about grand jury proceedings and did so on condition of anonymity.

NEW YORK (AP) — Governments in the UK and U.S. took extraordinary steps to stop a potential banking crisis after the historic failure of Silicon Valley Bank, even as another major bank was shut down.

The UK Treasury and the Bank of England announced early Monday that they had facilitated the sale of Silicon Valley Bank UK to HSBC, Europe’s biggest bank, ensuring the security of 6.7 billion pounds ($8.1 billion) of deposits.

NEW YORK (AP) — The U.S. government took extraordinary steps Sunday to stop a potential banking crisis after the historic failure of Silicon Valley Bank, assuring all depositors at the failed institution that they could access all their money quickly, even as another major bank was shut down.

NEW YORK (AP) — It was called Silicon Valley Bank, but its collapse is causing shockwaves around the world.

From winemakers in California to startups across the Atlantic Ocean, companies are scrambling to figure out how to manage their finances after their bank suddenly shut down Friday. The meltdown means distress not only for businesses but also for all their workers whose paychecks may get tied up in the chaos.

UNITED NATIONS, March 11 (NNN-AGENCIES) — The United Nations has released a plan to offload 1 million barrels of oil off a rusting supertanker that has been moored off the coast of Yemen for more than 30 years.

In an attempt to avert what could be one of the worst environmental disasters in history, a very large crude carrier was purchased by the UN to get the oil off the FSO Safer.

UNITED NATIONS, March 11 (NNN-XINHUA) — UN Secretary-General Antonio Guterres called for the elimination of “poison” of anti-Muslim bias at an event marking the International Day to Combat Islamophobia.

“I thank Pakistan and the Organization of Islamic Cooperation for focusing attention – and calling for action – to stamp out the poison of Islamophobia,” the top UN official said at the high-level special event marking the International Day to Combat Islamophobia at the UN headquarters in New York.