Treasury Secretary Janet Yellen said she’s encouraged by the quarterly earnings of large banks in the US so far, but is waiting to see how regional lenders — which occupied the center of a near-crisis in March — have fared.
The shift of banking activities to Paris from London after Brexit is starting to have a measurable impact on France’s trade in financial services, and the dynamic is likely to accelerate, according to the country’s central bank.
One of China’s most closely watched property firms, Dalian Wanda Group, rallied by a record Thursday in credit markets as a key unit told some creditors it’s finalizing an asset disposal to help pay down a dollar bond due in just days.
Turkey’s dollar bonds rallied the most in emerging markets on Thursday after the United Arab Emirates pledged to buy as many as $8.5 billion sukuk from Ankara, in a move that may ease the government’s funding pressures.
As a brutal heat wave covers much of the US in record temperatures, labor groups are pushing for measures to protect outdoor workers by mandating water breaks and periods out of the blazing sun.
Kernel Holding SA, Ukraine’s largest sunflower oil producer, said it may need at least 12 months to restore facilities at the port of Chornomorsk after a Russian missile attack.
Thai equities were volatile after capping their longest rally since the start of the year as investors weighed if a new government can emerge without triggering violent protests after a popular leader’s premiership bid was blocked.
Britain’s antitrust regulator has cleared the country’s biggest supermarkets of profiteering from high food costs, but said some retailers were not doing enough to allow customers to compare product prices.
For roughly a quarter century, US climate envoy John Kerry and his Chinese counterpart, Xie Zhenhua, have sought to make headway in the fight against global warming.
A surge in enrollment and donations at Historically Black colleges and universities is leading to credit upgrades, potentially reducing borrowing costs from a bond market that has long discriminated against the schools.
