Possible Fed overtightening makes recession more likely than not, Deutsche Bank says
NEW YORK Despite recent optimism around the U.S. economy, a recession remains a more likely scenario than a
2023-09-07 06:26
Party City set to exit bankruptcy with $1 billion debt reduction
By Dietrich Knauth A U.S. bankruptcy judge on Wednesday approved Party City Holdco's Chapter 11 bankruptcy plan, which
2023-09-07 04:27
Bankman-Fried loses bid to get out of jail, appeals court will hear case
By Luc Cohen NEW YORK Sam Bankman-Fried on Wednesday lost his bid to be freed immediately from a
2023-09-07 02:18
Bank of Canada holds interest rate 5%, warns of more tightening
TORONTO The Bank of Canada on Wednesday held its key overnight interest rate at 5%, noting the economy
2023-09-06 22:29
Bank of Canada seen holding rates steady after economy shrank in Q2
By Steve Scherer and David Ljunggren OTTAWA The Bank of Canada on Wednesday is expected to keep rates
2023-09-06 18:49
Bankrupt Lordstown Motors proposes zero payment for Foxconn shares
By Dietrich Knauth NEW YORK Bankrupt electric vehicle manufacturer Lordstown Motors has proposed to pay nothing for Taiwan's
2023-09-06 05:45
Buyers sought for Signature Bank's $33 billion CRE portfolio
By Pete Schroeder WASHINGTON (Reuters) -The U.S. Federal Deposit Insurance Corporation (FDIC) is seeking buyers for the $33 billion commercial
2023-09-06 03:25
Britain's second-largest city effectively declares itself bankrupt amid $950 million equal pay claims
Britain's second-biggest city effectively declared itself bankrupt on Tuesday, shutting down all nonessential spending after being issued with equal pay claims totaling up to £760 million ($956 million).
2023-09-06 01:53
Fintech Nubank to launch personal loans for Mexican market
By Valentine Hilaire MEXICO CITY Nubank, one of Latin America's biggest fintech companies, announced on Tuesday the launch
2023-09-05 19:18
Analysis-US banks hold $3.3 trillion cash amid banking crisis, slowdown worries
By Saeed Azhar and Ann Saphir NEW YORK/SAN FRANCISCO U.S. lenders are holding onto large piles of cash
2023-09-05 18:50
Thai cbank sees 2023 GDP growth, inflation lower than expected
BANGKOK (Reuters) -Thailand's central bank chief said on Tuesday that this year's economic growth and inflation were expected to be
2023-09-05 11:17
Central banks' rate hike push slips into August lull, EM diverging
By Karin Strohecker and Vincent Flasseur LONDON Central banks across major developed and emerging economies took a breather
2023-09-05 00:52