(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…
MILAN (Reuters) – UniCredit on Wednesday raised its financial targets for the year, after posting much stronger than expected first quarter earnings. Solid results by Italy’s only bank that regulators deem of global systemic relevance are the latest evidence of strength for a sector where a string of failures this year has shaken investors’ confidence….
A look at the day ahead in U.S. and global markets from Mike Dolan After mega tech earnings inspired the best day for Wall St stocks in almost 4 months, online retail giant Amazon cooled the frenzy somewhat on Friday – even as chipmaker Intel attempted to pick up the torch. But the dramatic re-acceleration…
By Nupur Anand and Lananh Nguyen NEW YORK (Reuters) – JPMorgan Chase & Co’s President and Chief Operating Officer Daniel Pinto said loan demand is declining at a time when regional and small banks are also tightening credit. “There is no doubt that regional banks and smaller banks are building up liquidity, building capital, so…
NEW YORK (AP) — When Alexei Navalny was arrested in January 2021, tens of thousands of Russians filled the streets in protest, demanding that the top Kremlin critic be released and chanting slogans against President Vladimir Putin. Thousands were arrested. In the months since then, Navalny was given 2½ years in prison. His organization, close…
SHANGHAI (Reuters) – President Xi Jinping has called for improved regulation and governance of China’s digital economy to guard against its “unhealthy” development as Beijing aims to boost the sector’s contribution to the country’s growth. In an essay in the ruling Communist Party’s publication Qiushi on Saturday, Xi called for focusing on key areas including…
By Joseph Ax (Reuters) – Georgia prosecutors will reveal this summer whether former President Donald Trump will be charged with crimes related to interfering with the 2020 election, the Atlanta district attorney said on Monday, according to the Atlanta Journal-Constitution. Fulton County District Attorney Fani Willis in letters sent to local law enforcement agencies said…
LONDON (Reuters) – U.S. Secretary of State Antony Blinken said he would set out a new assistance package for Ukraine on Wednesday at a conference aimed at encouraging private companies to invest in the country’s reconstruction after Russia’s invasion. Kyiv and London will host the Ukraine recovery conference in London on Wednesday and Thursday, when…
By William Schomberg and Andy Bruce LONDON (Reuters) -Britain’s high rate of inflation fell by more than expected in June and was its slowest in over a year at 7.9%, according to data that will ease some of the pressure on the Bank of England to keep on raising interest rates sharply. Sterling weakened and…
By James Oliphant (Reuters) -Frontrunner Donald Trump was hoping to use a sizable victory in South Carolina’s Republican primary on Saturday to persuade rival Nikki Haley to drop out of the presidential race. While the outcome put Trump even closer to clinching the party’s nomination, Haley has vowed to press on. Here are some takeaways…
