Banking Worries Send US Markets On Dizzying Ride
Tumult in the banking system has roiled investors over the past week, sending Treasury yields into a tailspin, slamming U.S.
Tumult in the banking system has roiled investors over the past week, sending Treasury yields into a tailspin, slamming U.S.
U.S. stocks closed higher Thursday, reversing early-session losses, on news that a group of big banks including Citigroup and Wells Fargo would deposit $30 billion to shore up regional lender First Republic Bank.
The 2019 FIFA U-20 World Cup found it's home in Poland, a football-mad nation and one with serious international ambitions. The tournament, by all accounts, was a triumph. Spread across six Polish cities, the flair on the pitch was matched only by the passion off it, while Poland's lesser-known cities such as Lublin and Tychy reaped the rewards of being in the global spotlight.
Italy's Meloni revives contentious Sicily bridge plan
U.S. Secretary of State Antony Blinken announced $150 million in new humanitarian aid for Africa's Sahel region during a visit on Thursday to Niger, a country Washington views as an important ally in the fight against Islamist insurgencies.
Investors held tight to bets that banking jitters would rein in the ECB's ability to jack up borrowing costs again in the months ahead
Blinken bolsters support for Niger as Russia expands nearby
Meta maps way to 'kill' online deception campaigns
The U.S. Federal Reserve will likely raise rates by 25 basis points at its next rate-setting meeting next week, although further signs of financial sector instability could lead to a "hawkish" pause, said Daniel Ivascyn, chief investment officer at Pacific Investment Management Co (PIMCO).
A U.S. bankruptcy judge declined to delay the $1.3 billion sale of crypto lender Voyager Digital to Binance.US, saying Voyager customers should not be forced to wait out a challenge by the Department of Justice that is unlikely to succeed.
Oil producers, banks and hedge funds have increased purchases of put options to protect themselves from further losses, market sources said this week, as crude futures hit their lowest level since December 2021 on concern that the rout in the banking industry could trigger a global recession and cut fuel demand.
Credit Suisse Group AG told staff on Thursday that the emergency backstop from the Swiss central bank does not trigger a "viability event," according to documents seen by Reuters.
Clashes in Senegal as opposition leader goes to trial
Israeli forces killed four Palestinians, including at least two gunmen and a teenager, during a raid in the occupied West Bank on Thursday, Palestinian medics and militants said.
The last thing Lukia Akimu remembers is the surge of floodwater that hit her village near Mount Soche this week when Tropical Cyclone Freddy tore through southern Malawi.
The gentle and uber-cute French bulldog has claimed the title of most popular dog in the United States, ending the Labrador retriever's 31-year reign as king of the purebreds in the American Kennel Club's 2022 rankings.
The package, impacting around one million National Health Service (NHS) staff, will also include a further 2.0 percent rise to this year's salaries and a one-off bonus worth at least ?1,250 ($1,510) per person.
Banks should largely be able to cope with "unrealised losses" on bonds and the collapse of Silicon Valley Bank, top credit ratings agencies S&P Global and Moody's said on Thursday, although they remained guarded on Credit Suisse's woes.
How did France's government impose its pension reform?
The draft election manifesto of Turkish President Tayyip Erdogan's AK Party marks a return to more orthodox, free market economic policies, four sources familiar with the matter told Reuters.
U.S. regional banks are expected to pay higher rates to depositors to keep them from switching to larger lenders, banking analysts said, following the collapse of Silicon Valley Bank and Signature Bank.
Rival groups of plaintiffs lawyers are vying for lead roles in nearly two dozen lawsuits against railway company Norfolk Southern over last month's train derailment in East Palestine, Ohio, each proposing their own plan to steer the cases.
The U.S. banking system remains sound and Americans can feel confident that their deposits will be there when needed thanks to "decisive and forceful" actions taken after the inability of Silicon Valley Bank to fend off a run on deposits triggered its demise last week, Treasury Secretary Janet Yellen said Thursday.
Lebanon's central bank governor Riad Salameh was questioned in Beirut on Thursday in a hearing attended by European officials visiting the country as part of their probe into whether he embezzled vast sums of public funds, three sources said.
Cost-effective treatment, availability of the latest medical technologies, highly-skilled doctors, and the ability to provide a combination of both modern and traditional forms of medicine are some of the key offerings India puts forth to global medical tourists.