Middle-income Americans think prosperity is within reach
It's a strange time for mid-sized banks in the US. The collapse of three regional banks earlier this year followed by the emergency merger of PacWest and Banc of California last week has created a shakeup in the industry that's been exacerbated by the Federal Reserve's continued efforts to raise interest rates.
2023-07-31 20:00
China imposes curbs on drone exports, citing Ukraine and concern about military use
China has imposed restrictions on exports of long-range civilian drones, citing Russia’s war on Ukraine and concern drones might be converted to military use
2023-07-31 19:51
Pakistan key rate held steady, inflation will decline in coming months - cenbank chief
KARACHI, Pakistan Pakistan's central bank kept its key rate unchanged at 22% on Monday after a scheduled meeting
2023-07-31 19:49
First American nuclear reactor built from scratch in decades enters commercial operation in Georgia
A new reactor at a nuclear power plant in Georgia has entered commercial operation
2023-07-31 19:23
Dispute over Persian Gulf gas field poses early challenge to Saudi-Iranian rapprochement
An escalating dispute over a gas field in the Persian Gulf poses an early challenge to a Chinese-brokered agreement to reconcile regional rivals Saudi Arabia and Iran
2023-07-31 18:50
99-year old trucking company Yellow shuts down, putting 30,000 out of work
Yellow Corp., a 99-year old trucking company that was once a dominant player in its field, halted operations Sunday and will layoff all 30,000 of its workers.
2023-07-31 18:22
UK mortgage approvals and consumer credit jump unexpectedly in June: BoE
By Andy Bruce and David Milliken LONDON (Reuters) -British lenders approved more mortgages than expected in June and net unsecured
2023-07-31 18:19
Man United renews Adidas partnership by 10 years in deal worth more than $1B
Manchester United has announced a 10-year extension to its partnership with Adidas that the English club says will be worth more than $1 billion
2023-07-31 18:17
Heineken's profit hit by drop in beer sales in Asia
People in Asia aren't guzzling as much beer as they used to.
2023-07-31 17:56
Hong Kong quarterly GDP growth slows on sluggish global economy
HONG KONG Hong Kong's economic growth slowed in the second quarter from a year earlier, advance government data
2023-07-31 17:50
Citigroup lifts S&P 500's year-end target to 4,600
Citigroup raised its year-end target for the S&P 500 by 15% as it now sees a higher probability
2023-07-31 17:50
Europe's economy shows modest growth after months of stagnation as rate hikes weigh on businesses
Europe's economy is growing again — but not by much
2023-07-31 17:27