ATHENS (Reuters) -Alexis Tsipras, the one-time leftist firebrand who stormed to power on an anti-austerity agenda in Greece in 2015, stepped down from the helm of the Syriza party after 15 years on Thursday, following a heavy election defeat. At the height of Greece’s deep economic crisis, Tsipras, known for sporting his no-tie look, rode…
By Lananh Nguyen NEW YORK (Reuters) – Morgan Stanley’s board will focus on the selection of CEO James Gorman’s successor at its summer and fall meetings, a person familiar with the situation said, while the outgoing boss looks to clear the decks by resolving major regulatory matters. Gorman, who has run the Wall Street giant…
By Naomi Rovnick LONDON (Reuters) – Debt interest rates paid by the world’s riskiest corporate borrowers have reached the highest since 2010, at 6.1% on average, S&P Global Ratings said in a report on Thursday. Such companies, whose weaker financial profiles give them a speculative or “junk” credit rating, also face major refinancing risks in…
By Manya Saini (Reuters) -U.S. bank stocks rose in premarket trading on Thursday after the Federal Reserve’s stress test showed the lenders have adequate capital to survive an economic slump even though analysts doubted if that would lead to higher returns for shareholders. The test showed the average capital ratio for the 23 banks was…
(Reuters) – Lordstown Motors said on Thursday it had received a delisting notice from the Nasdaq, days after the U.S. electric truck maker filed for bankruptcy protection. The company received the notice from Nasdaq on June 28, notifying its failure to meet listing rules and saying that trading in its class A common stock would…
By Andrew Osborn LONDON (Reuters) -Russia’s most senior generals have dropped out of public view after a failed mercenary mutiny aimed at toppling the top military brass, amid a drive by President Vladimir Putin to reassert his authority. Unconfirmed reports say that at least one person has been detained and is being questioned. Armed forces…
(Reuters) -The U.S. antitrust regulator is planning to file a suit targeting Amazon.com’s core online marketplace in the coming weeks, Bloomberg News reported on Thursday, citing documents and people familiar with the matter. The main allegation by the U.S. Federal Trade Commission (FTC) is expected to be that Amazon uses its power to reward those online merchants…
By Tetsushi Kajimoto and Jihoon Lee TOKYO/SEOUL (Reuters) – Japan and South Korea agreed on Thursday to revive a $10-billion currency swap deal, a symbolic but significant step as the countries’ leaders seek to improve long-strained ties amid increasing geopolitical risks. The deal was struck between Japanese Finance Minister Shunichi Suzuki and his South Korean…
BRASILIA (Reuters) – Brazil’s central bank joined on Thursday a wave of recent upward revisions for the country’s economic growth this year, guided by a solid first quarter boosted by the agriculture sector. In its quarterly inflation report, the central bank forecasts a 2.0% expansion in gross domestic product (GDP) for 2023, up from the…
SAO PAULO (Reuters) – Brazil’s finance minister has confirmed the country’s monetary council will keep next year’s inflation target at 3%, but reiterated he expects the body to tweak the time frame used to assess the goal’s fulfillment. Fernando Haddad’s remarks in an interview with GloboNews aired late on Wednesday came as markets on Thursday…
