• Mar 17, 2025

Trump nominates Federal Reserve Governor Bowman as vice chair for supervision

WASHINGTON (Reuters) -U.S. President Donald Trump nominated Federal Reserve Governor Michelle Bowman to the central bank's top regulatory post as vice chair for supervision where she is expected to oversee an agenda of relaxed rule-writing and bank oversight. A former community banker and frequent critic of overzealous bank regulation, Bowman would replace Michael Barr, who stepped down from the supervision post at the end of February to avert a potential legal dispute with the Trump administration. In a statement, Bowman thanked Trump for the nomination and said she would pursue "a pragmatic approach to supervision and regulation with a transparent and tailored bank regulatory framework that encourages innovation."

  • Mar 17, 2025

Venezuela's PDVSA to keep producing, exporting oil previously handled by Chevron, document says

The administration of U.S. President Donald Trump this month gave Chevron 30 days through early April to wind down all oil operations and exports from Venezuela that are currently going to the United States under a license granted in 2022. Chevron has a presence in the U.S.-sanctioned South American country through joint ventures where PDVSA is the largest shareholder, with the Petropiar project at the vast Orinoco Belt being the most important partnership.