Founder of bankrupt crypto lender Celsius must face New York fraud lawsuit
Alex Mashinsky, founder and former CEO of bankrupt cryptocurrency lender Celsius Network, exits the Manhattan federal court in New York...
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Wall St shares fall on slowing but strong US labor market
Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike Segar/File PhotoU.S. shares slip but global markets rally on U.S. jobs dataAmazon shares surge 8% on strong earnings; Apple falls nearly 5%U.S. Treasury yields and the dollar declineOil gains 1% plusAug 4 (Reuters) - Wall Street stocks fell on Friday, while the U.S. dollar and Treasury yields were lower, after a government jobs report showed a slowing but still tight U.S. labor market.Nonfarm...
Biden order curbing investment to China expected next week-sources
The flags of the United States and China fly from a lamppost in the Chinatown neighborhood of Boston, Massachusetts, U.S.,...
European stocks end higher but mark first weekly loss in four
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August 3, 2023. REUTERS/StaffSTOXX...
Key Republican urges Biden to set broad restrictions on U.S. investments in China
U.S. Representative Mike Gallagher (R-WI) walks to a House Permanent Select Committee on Intelligence meeting on Capitol Hill in Washington,...
European stocks fall for third straight day as earnings, higher yields drag
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August 2, 2023. REUTERS/Staff/File...
Wall Street ends down, investors step back after Fitch US rating cut
Fitch cuts US credit rating to AA+Wells Fargo slides on plan to help refill FDIC coffersU.S. private payrolls beat expectations...
Fitch cuts US credit rating to AA+; Treasury calls it ‘arbitrary’
Aug 1 (Reuters) - Rating agency Fitch on Tuesday downgraded the U.S. government's top credit rating, a move that drew an angry response from the White House and surprised investors, coming despite the resolution of the debt ceiling crisis two months ago.Fitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over the next three years and repeated down-the-wire debt ceiling negotiations that threaten the government’s ability to pay its bills.Fitch had first flagged the possibility of a downgrade in May, then maintained that position in June after...
China hopes France can help take heat out of relations with EU
China's Vice Premier He Lifeng and French Economy and Finance Minister Bruno Le Maire attend the China-France Economic and Financial Dialogue at the Diaoyutai State Guesthouse in Beijing, China, July 29, 2023. REUTERS/Thomas PeterBEIJING, July 29 (Reuters) - China hopes France can "stabilise the tone" of EU-China relations, vice-premier He Lifeng told a senior French minister in Beijing on Saturday, as European leaders debate how to "de-risk" but also cooperate with the world's second-largest economy.He also told Economy Minister Bruno Le Maire that China is willing to deepen cooperation with...
EU stress test shows three banks falling short
LONDON/FRANKFURT, July 28 (Reuters) - Three banks from the European Union failed to meet binding capital requirements in a stress test that saw a theoretical 496 billion euros ($546 billion) wiped from their buffers, the bloc's banking watchdog said on Friday.Bank stress tests became a feature in Europe and the United States after the 2008 global financial crisis when taxpayers had to bail out some undercapitalised lenders. They are now part of routine supervision to ensure banks can still support the economy even in times of stressed markets.The European Banking...