BEIRUT (AP) — Lebanon’s once burgeoning banking sector has been hard hit by the country’s historic economic meltdown. It has suffered staggering losses worth tens of billions of dollars and many of the small nation’s lenders now face possible closures or mergers. Yet bankers have been resisting attempts to make their shareholders assume responsibility for…
By Junko Fujita TOKYO (Reuters) – Global investors are short-selling Japanese bonds and driving its other market yields higher, reviving bets that the Bank of Japan will need to tweak its ultra-easy monetary policy sooner rather than later. The wagers have perked up after data late last month showed consumer prices in Tokyo rose at…
WASHINGTON/PARIS (Reuters) – The U.S. Federal Aviation Administration said it has approved special conditions for the Airbus A321XLR after concerns were raised that a novel type of fuel tank could pose fire risks in its newest narrow-body jet. Rival planemaker Boeing told European regulators in 2021 the architecture of a fuel tank intended to increase…
TOKYO (AP) — Japan’s economy contracted less than previously thought in the last quarter, weathering the country’s latest big COVID wave with less damage than had been thought. The Cabinet Office reported Thursday that the economy shrank at a 0.8% annual rate in July-September. That was better than minus 1.2% annual growth reported earlier. In…
BANGKOK (AP) — Shares are mostly lower in Asia after Wall Street sagged under weakness in tech stocks. U.S. futures edged lower while oil prices rebounded. Japan revised upward its GDP data to show the economy contracted less than earlier reported in July-September, in a sign the country weathered its latest big COVID wave with…
(Reuters) -Twitter Inc plans to change the pricing of its Twitter Blue subscription product to $11, from $7.99, if paid for through its iPhone app and to $7 if paid for on the website, the Information reported on Wednesday, citing a person briefed on the plans. The move was likely a pushback against Apple Inc’s…
(Reuters) -Twitter Inc plans to change the pricing of its Twitter Blue subscription product to $7 from $7.99 if users pay for it through the website, and $11 if they do so through its iPhone app, the Information reported on Wednesday, citing a person briefed on the plans. The move was likely a pushback against…
By Kevin Buckland TOKYO (Reuters) – The U.S. dollar remained weak on Thursday after sliding against major peers overnight for the first time this week as investors fretted about the potential for recession in the United States. The yen garnered support from a decline in Treasury yields amid bets the U.S. Federal Reserve will slow…
By Nichola Groom (Reuters) -The U.S. government’s first-ever sale of offshore wind development rights off the coast of California drew $757.1 million in high bids, mainly from European companies seeking a foothold in the U.S. wind-power industry’s expansion to the Pacific Ocean. The auction began on Tuesday and ended Wednesday, the offshore wind industry’s first…
By Dietrich Knauth (Reuters) – A U.S. bankruptcy judge on Wednesday ruled that some customers of crypto lender Celsius Network should receive their deposits back, giving relief to a relatively small group of customers whose deposits were never commingled with other Celsius funds. U.S. Bankruptcy Judge Martin Glenn is weighing broader questions of who owns…
