S&P cuts Ukraine rating to 'selective' default as restructuring looms
S&P Global cut Ukraine's credit rating to 'selective' default on Friday, after the war-torn country missed an international bond payment this week as it puts the
August 03, 2024S&P Global cut Ukraine's credit rating to 'selective' default on Friday, after the war-torn country missed an international bond payment this week as it puts the
August 03, 2024SVB Financial Group, the former owner of failed Silicon Valley Bank, received a U.S. judge's permission on Friday to turn over its assets to creditors and end
August 02, 2024Global hedge funds continued to add bearish equity bets to portfolios in the week to Aug. 1 when fresh data sparked fears the U.S. economy is slowing faster than
August 02, 2024Coca-Cola Co. says it will pay $6 billion in back taxes and interest to the Internal Revenue Service while it appeals a federal tax court decision in a case dating back 17 years
August 02, 2024JPMorgan Chase said on Friday it is considering whether to sue a U.S. consumer watchdog over the agency's inquiries into the Zelle payment app.
August 02, 2024Attorneys for Elon Musk and Tesla’s corporate directors are asking a Delaware judge to vacate her ruling requiring the company to rescind a massive pay package for Musk
August 02, 2024A sharp repricing in U.S. interest rate cut expectations could give more fuel to a searing bond rally triggered by weakening economic data, as investors
August 02, 2024A surprisingly weak U.S. employment report for June has turned Wall Street confidence on a soft landing into near panic that a recession is looming, prompting major firms to change
August 02, 2024The disappointing U.S. employment report for July unleashed a "Freakout Friday" moment in financial markets and triggered a wholesale resetting of expectations for how much
August 02, 2024Dun & Bradstreet, a U.S. data and analytics provider that has a market value of more than $9 billion including debt, is exploring
August 02, 2024Brazil's Petrobras will include at least one partner in its bid for a 40% stake in Galp Energia's Mopane oil prospect in Namibia, two sources with
August 02, 2024Chicago Federal Reserve Bank President Austan Goolsbee said on Friday the U.S. central bank should move in a "steady" way, a mild pushback against the rush of market bets that the Fed will
August 02, 2024An oil refiner backed by activist investor Carl Icahn and a group of creditors holding claims against Venezuela are competing
August 02, 2024Canada's Magna International missed analysts' estimates for second-quarter results, hurt by production being stopped for certain vehicles and lower volumes of automobiles
August 02, 2024A sharp drop in U.S. stocks is provoking selling from volatility-sensitive funds, exacerbating a selloff that has already brought the Nasdaq Composite into
August 02, 2024Global equities sold off on Friday and U.S.
August 02, 2024BNP Paribas' talks to buy the investment business of insurer AXA will trigger more deals, bankers say, as European money
August 02, 2024(This Aug. 2 story has been corrected to read 'wanes for,' not 'hit by,' in the headline and to clarify that the 15% refers to those willing to increase their
August 02, 2024The next U.S. administration will be "constructive" on crypto regardless of which party wins, Coinbase CEO Brian Armstrong said late on Thursday,
August 02, 2024Investors put money into U.S. equity funds in the week through July 31 as they anticipated the Federal Reserve would signal interest rate cuts following its policy meeting, though an
August 02, 2024Bank of England Chief Economist Huw Pill said on Friday that the fight against high inflation was not won and there was no guarantee that interest rates would fall again soon.
August 02, 2024Worries over tech earnings and a slowing U.S. economy slammed the Nasdaq Composite index on Friday as it extended recent declines to fall 10% below
August 02, 2024Democratic National Committee Chair Jaime Harrison says Vice President Kamala Harris has secured enough votes from party delegates to become the party's presidential nominee
August 02, 2024U.S. job growth slowed more than expected in July, while the unemployment rate increased to 4.3%, which could heighten fears that the labor market is deteriorating and potentially making
August 02, 2024Russia's central bank has no room to lower rates from 18% this year, a Reuters poll showed on Friday, with analysts forecasting inflation above the bank's 4% target in
August 02, 2024