IMF Approves $3 Billion Bailout for Ghana to Revive Economy
The International Monetary Fund approved Ghana’s request for a $3 billion bailout to support the debt-ridden West African
2023-05-18 01:23
Collateralized Loan Obligations Deliver Worst Returns in Years
The $1.3 trillion market for reselling leveraged loans is facing its lowest profitability in years, potentially making it
2023-05-18 01:21
Swiss parliament to investigate Credit Suisse collapse
ZURICH Credit Suisse's collapse and its takeover by UBS will be investigated by a parliamentary commission (PUK), the
2023-05-18 00:51
Treasury's Plunging Cash Pile Raises Risk of Early June X-Date
A faster-than-expected decline in the US Treasury Department’s cash balance is leading market participants to question whether the
2023-05-18 00:47
CDS Panel Says Credit Suisse AT1 Wipeout Won’t Prompt Payout
A panel tasked with overseeing the credit default swaps market said that the write down of Credit Suisse
2023-05-18 00:45
Broadcom offers VMware remedies to address EU concerns -sources
By Foo Yun Chee BRUSSELS (Reuters) -U.S. chipmaker Broadcom has offered interoperability remedies in an effort to address European Union
2023-05-18 00:20
Biden ‘Confident’ on Reaching Debt Deal as GOP Bashes Japan Trip
President Joe Biden expressed confidence that negotiators would reach an agreement to avoid a catastrophic default, even as
2023-05-18 00:19
Brazil's ministers see room for rate cuts as central bank keeps cautious stance
BRASILIA Brazil's economic ministers on Wednesday highlighted the potential for monetary easing to kick off, while the central
2023-05-17 23:57
Biden says he's confident leaders will reach an agreement on debt limit
President Joe Biden on Wednesday sought to lay out how he'll continue to negotiate with congressional leaders on the budget to raise the debt ceiling -- underscoring that all parties agreed that the United States would not default.
2023-05-17 23:54
BP unit to pay record $40 million to settle U.S. air pollution civil charges
By Sarah N. Lynch and Laura Sanicola WASHINGTON A subsidiary of BP plc will pay a record-setting $40
2023-05-17 23:47
IRS chief acknowledges Black taxpayers face higher probability of being audited
Internal Revenue Service Commissioner Daniel Werfel acknowledged in a letter to the US Senate on Monday that Black taxpayers are audited at significantly higher rates than non-Black taxpayers, a revelation he said has left the agency "deeply concerned."
2023-05-17 23:45
Global debt on the rise, EM crosses $100 trillion mark - IIF
By Rodrigo Campos NEW YORK A measure of debt across the globe rose in the first quarter to
2023-05-17 23:28