LONDON (Reuters) – Ratings agency Fitch on Friday stuck with its negative outlook for Britain’s sovereign credit rating, citing a weak economy and lingering uncertainty around Brexit trade terms with the European Union. Fitch left the ‘AA’ rating itself unchanged as part of a regular review. It expects Britain to enter a mild recession this…
(Reuters) – An investor has asked a panel that rules on credit default swaps (CDS) whether a “failure to pay” credit event has occurred for French retailer Casino, which could trigger a payout on the derivatives used to insure against default. The request, viewable on the EMEA Credit Derivatives Determination Committee’s (CDDC) website, comes on…
PARIS (Reuters) – Ratings agency S&P spared France on Friday the embarrassment of downgrading the country’s sovereign debt, but remained cautious about the outlook on account of the strained public accounts. S&P left the country’s AA rating untouched after a regular review and said that the outlook remained negative due to “downside risks to our…
By Chibuike Oguh NEW YORK (Reuters) -Global shares and U.S. Treasury yields rose on Friday following stronger-than-expected job growth data that raised investor expectations that the Federal Reserve could retain its interest rate hikes. Labor Department data showed on Friday that the U.S. economy added 339,000 jobs last month, significantly higher than most estimates and…
By Karolos Grohmann PARIS (Reuters) – Ukraine tennis player Elina Svitolina will not shake the hands of Russian and Belarusian opponents out of respect for the soldiers fighting on the front line following Moscow’s invasion of her country last year, she said on Friday. Svitolina, who reached the French Open fourth round on Friday with…
(Reuters) – Federal Reserve Chair Jerome Powell held a phone call with the head of UBS Group AG in the days before the bank was propelled by Swiss authorities to buy smaller rival Credit Suisse, just one of the dozens of calls and meetings Powell held from mid-March as a banking crisis unfolded. Powell’s monthly…
(Updates prices, adds analyst quote in paragraph 6, adds paragraph 12 on Fitch keeping U.S. credit rating on negative watch) By Hannah Lang WASHINGTON (Reuters) – The U.S. dollar rose on Friday after May’s non-farm payrolls report showed employment numbers surged, while traders weighed the merits of the U.S. Federal Reserve possibly skipping a rate…
By Mike Scarcella (Reuters) – A U.S. judge on Thursday approved a $415 million class-action settlement resolving claims that online gaming companies DoubleDown Interactive LLC and International Game Technology PLC violated Washington state gambling laws and consumer protection provisions. In his ruling, U.S. District Judge Robert Lasnik in Seattle federal court called the resolution “fair,…
(Reuters) – Russian mercenary boss Yevgeny Prigozhin, who has been arguing with top military brass for months, on Friday escalated the feud by accusing pro-Moscow forces of trying to blow up his men. Prigozhin’s Wagner Group troops have largely pulled back from the eastern Ukrainian town of Bakhmut, most of which they captured last month…
By Tatiana Bautzer and Saeed Azhar NEW YORK (Reuters) – Citigroup Inc CEO Jane Fraser said scrapping the sale of its Mexican retail business, known as Banamex, and pursuing an initial public offering (IPO) was in the best interest of shareholders. “We acted decisively, we acted very swiftly and we said ‘okay, we’re gonna go…
