A look at the day ahead in U.S. and global markets from Amanda Cooper. Two out of three ain’t so good. On Tuesday, Fitch became the second major agency, after Standard & Poor’s in 2011, to strip the United States of its prized triple-A credit rating. Fitch cut by a notch to AA+ and cited…
By Yuvraj Malik (Reuters) -Apple is likely to report a dip in iPhone sales in the April-June quarter as shoppers held out for a new model in a slow economy, making it important for the company to detail how it is using artificial intelligence to augment growth, analysts said. The world’s most valuable firm will…
By Anthony Deutsch AMSTERDAM (Reuters) -A large number of prisoners held in makeshift detention centres in Russian-occupied southern Ukraine were tortured and sexually violated, a team of international experts said on Wednesday in a summary of their latest findings. The Mobile Justice Team, established by the international humanitarian law firm Global Rights Compliance, has worked…
By Eva Mathews (Reuters) -Haleon raised its annual organic revenue growth forecast on Wednesday, as the consumer healthcare giant bets on demand for household brands like Sensodyne toothpaste and Panadol tablets to stick despite a cost-of-living squeeze. The world’s largest standalone consumer healthcare firm has raised prices for its products like other consumer companies to…
JAKARTA (Reuters) – Indonesian police have brought blasphemy and hate speech charges against the head of a controversial Islamic boarding school, following public uproar over its teachings, including unorthodox treatment of women and use of Hebrew. Panji Gumilang, head of the Al-Zaytun school in conservative West Java province, was named a suspect by police on…
(Reuters) – Ratings agency Fitch on Tuesday downgraded the U.S. government’s top credit rating by a notch to ‘AA+’ sending jitters across global markets as investors assessed the impact from the move. [MKTS/GLOB] Here is a list of countries whose sovereign debt is still rated ‘AAA’ by at least two of the top three ratings…
By David Lawder WASHINGTON (Reuters) – The U.S. Internal Revenue Service plans to allow taxpayers to submit all documents and correspondence to the agency digitally for the 2024 tax filing season and will convert all paper tax returns to digital documents by the 2025 season, the Treasury Department said on Wednesday. The initiative, part of…
By Clare Jim and Ziyi Tang HONG KONG/BEIJING (Reuters) -Some Chinese city governments have made it harder for developers to access tens of billions of dollars from property sales held in escrow accounts, people familiar with the matter said, raising risks the cash-strapped companies will be squeezed even more. The moves are aimed at ensuring…
GDANSK (Reuters) -Poland’s mBank expects a drop in write-offs in future quarters from those in the second quarter, its chief executive said on Wednesday. CEO Cezary Stypulkowski also said the bank hopes to offer 2% mortgage loans in September, a special product with state subsidised instalments. “Adjustments to the systems operated by the bank are…
By Jack Queen (Reuters) – Donald Trump was charged on Tuesday with conspiracy to defraud the U.S. and other crimes related to his efforts to overturn his 2020 presidential election loss. Here’s what happens next. WHEN WILL TRUMP APPEAR IN COURT? Trump is set to make his first court appearance on Thursday, when prosecutors will…
