Many large European banks are emerging from early rounds of a key stress test in robust financial health, prompting some regulators to question whether to push harder at a time when investors are focused on the industry’s resilience.
Mark Nash is shorting two-year Treasuries — what he calls the most dangerous US bonds — in a bet markets are wrong in predicting the Federal Reserve will cut interest rates this year.
Residents and US military bases across Guam braced against the potentially devastating impact from Typhoon Mawar as the Category 4-strength storm clipped the northern tip of the Pacific island.
US mortgage rates rose to a more than two-month high, reducing home purchase and refinance activity.
Yevgeny Prigozhin, the founder of the Wagner mercenary group, criticized the outcome of President Vladimir Putin’s war goals and accused defense officials of leaving Russia unprotected after an incursion by attackers who crossed from Ukraine.
Rishi Sunak will not refer Home Secretary Suella Braverman to an ethics probe over her handling of a speeding ticket last year, as he battles to contain deep divisions in his governing Conservative Party.
President Xi Jinping called on Russia to help bolster their countries’ ties at multilateral groups, as both nations seek to counter a US-led world order they’ve become increasingly isolated within.
Wall Street is having fearful flashbacks to 2015, the last time a political standoff over the nation’s borrowing limit caused the Treasury to postpone one of its regular monthly auctions of long-term debt.
Xiaomi Corp. quarterly revenue slid 19% in a reflection of crumbling demand for electronics and internet services in a sputtering Chinese economy.
British power generator SSE Plc is looking to invest more money abroad as it expands its spending plan to £40 billion ($49.9 billion) over the next decade.
