Summers, El-Erian Pile Criticism on Fitch US-Downgrade Decision
Prominent economists Larry Summers and Mohamed El-Erian joined a cohort of their peers in criticizing Fitch Ratings’ decision
2023-08-02 11:16
Treasuries Edge Up as Haven as Fitch Downgrade Spurs Volatility
US Treasuries drifted higher after Fitch Ratings stripped the US of its top-tier sovereign rating, spurring modest demand
2023-08-02 10:58
Wells Fargo expects to pay $1.8 billion to help refill FDIC fund
NEW YORK (Reuters) -Wells Fargo said on Tuesday it expects to pay $1.8 billion to help replenish a government deposit
2023-08-02 10:57
Asian markets drop as US downgrade jolts latest rally
Asian markets followed Wall Street lower Wednesday as the wind came out of the latest rally, with traders jolted by the downgrade of US sovereign debt, soft economic...
2023-08-02 10:51
Media owner files complaint alleging interference by Costa Rica's president in custody dispute
A banker and media owner says he filed a legal complaint against Costa Rican President Rodrigo Chaves, alleging that his administration interfered in his child custody dispute
2023-08-02 10:51
FTX founder Sam Bankman-Fried's lawyers say attempt to jail him before trial is wrong
Lawyers for FTX founder Sam Bankman-Fried say prosecutors are wrong to seek his detention prior to trial because their arguments are based on “innuendo, speculation, and scant facts.”
2023-08-02 10:48
China Moves to Roll Out Pro-Growth Policies as Economy Struggles
China is turning its focus to rolling out various policy promises to help spur the economy’s recovery as
2023-08-02 10:48
Analysts Say US Dollar’s Drop on Fitch Downgrade Unlikely to Persist
Investors will continue to scoop up Treasuries despite Fitch Ratings’ move to cut the US’ credit rating although
2023-08-02 10:46
China’s Oil Demand May Have Peaked for 2023 in Blow to Bulls
China’s appetite for fuels and other oil-derived products such as plastics may have peaked for this year as
2023-08-02 10:26
Dollar shaky after US credit rating downgrade
By Rae Wee SINGAPORE The dollar struggled to make headway on Wednesday after a cut on the U.S.
2023-08-02 10:24
BOJ's policy tweak not prelude to exit from ultra-low rates-deputy gov
By Leika Kihara TOKYO The Bank of Japan's decision last week to tweak its bond yield control policy
2023-08-02 10:21
Tesla’s NDA Breach Claim Against Rivian Employees Heads to Trial
Almost a dozen former Tesla Inc. employees who left to work Rivian Automotive Inc. can’t avoid a trial
2023-08-02 10:21