By Pete Schroeder WASHINGTON (Reuters) – The U.S. Federal Reserve is due to release the results of its annual bank health checks on Wednesday, June 28. Under the “stress test” exercise, the Fed tests banks’ balance sheets against a hypothetical severe economic downturn, the elements of which change annually. The results dictate how much capital…
By Pete Schroeder WASHINGTON (Reuters) – Big U.S. lenders are expected to show they have ample capital to weather any fresh turmoil in the banking sector during this week’s Federal Reserve health checks, although resulting investor payouts are likely to dip slightly, analysts said. The central bank on Wednesday will release the results of its…
By Lewis Jackson SYDNEY (Reuters) -PricewaterhouseCoopers Australia staff who are found to have acted improperly in a scandal over the leaking of government tax plans will face “severe” consequences, acting chief executive Kristin Stubbins told a state parliament inquiry on Monday. In her first public appearance since her predecessor resigned over his involvement in the…
(Reuters) – Law-enforcement officials and retailers are investigating a recent wave of bomb threats across the United States, targeting grocery operators and other stores, the Wall Street Journal reported on Sunday. Retail companies including Kroger, Walmart and Amazon’s Whole Foods Market, among others, have received bomb threats at their stores in recent months, the report…
By Melanie Burton and Harish Sridharan MELBOURNE (Reuters) – Element 25 Ltd said on Monday it will supply manganese sulphate to General Motors as the automaker looks to secure supply of battery minerals for its North American electric vehicles, sending the miner’s shares up more than 20%. The deal is the second by General Motors…
SEOUL (Reuters) – North Korea held mass rallies in Pyongyang where people shouted slogans vowing a “war of revenge” to destroy the United States, as it marked the 73rd anniversary of the outbreak of the Korean War, state media reported on Monday. About 120,000 working people and students took part in the rallies held across…
(Reuters) – Thunderstorms and failing equipment at an FAA facility created significant delays for air travelers across the U.S. East Coast on Sunday evening as Washington and New York were forced to briefly halt most incoming flights. As the evening progressed, flights resumed from the Washington area after repairs to communications were completed, the Federal…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets on Monday kick off what looks like a pretty light week for regional economic, policy and corporate drivers, with all eyes on how investors react to the extraordinary events in Russia over the…
(Reuters) – A group of investors led by Apollo Global Management is making a debt investment between $1 billion to $2 billion in chipmaker Wolfspeed to support its expansion in the U.S., media outlets reported on Sunday. The financing would make $1.25 billion of cash available immediately to Wolfspeed, while another $750 million could be…
NEW YORK (Reuters) – Conservative former U.S. appeals court judge J. Michael Luttig in an opinion piece on Sunday said Republicans are making a serious error with “spineless support” for Donald Trump’s new bid for the White House. Lutting wrote in the New York Times that the Republican Party is in part to blame for…
