Japan plans to invest US$36 billion in US oil, gas and critical mineral projects, the first tranche of its US$550 billion commitment under the trade agreement it struck with US President Donald Trump. “Our MASSIVE Trade Deal with Japan has just launched!” Trump posted Tuesday on social media. “The scale of these projects are so large, and […]
AMELIA ISLAND, Florida, May 24 (Reuters) – In nearly 40 years working for and helping lead the Federal Reserve, Cleveland Fed President Loretta Mester was part of a revolution that saw the U.S. central bank offer ever more detailed and plentiful commentary on the economy and monetary policy. As she heads towards mandatory retirement in […]
U.S.-based restaurant chain Red Lobster has filed for Chapter 11 bankruptcy protection in a Florida court after securing US$100 million in financing commitments from its existing lenders, the company said on Sunday. The company listed its assets and liabilities to be between US$1 billion and US$10 billion, according to a court filing. Red Lobster said its restaurants […]
May 15 (Reuters) – Soros Fund Management, the family office of billionaire George Soros, dissolved its share stake in embattled lender New York Community Bancorp (NYCB.N), opens new tab and added positions in Goldman Sachs (GS.N), opens new tab and JPMorgan Chase (JPM.N), opens new tab in the first quarter, a regulatory filing showed on Wednesday. The asset manager previously held […]
Barclays and Asset Global Limited (AGL) are making a significant move into the private credit market, an industry currently valued at $1.7 trillion, with strategic investment from the Abu Dhabi Investment Authority (ADIA). This partnership marks a pivotal moment, aiming to leverage the robust growth and potential within the private financing sector. Strategic Alliance Formed In […]
Russian banks’ record mortgage lending growth in 2023 shows signs of overheating in the sector, Alexander Danilov, director of the central bank’s banking regulation and analytics department, said on Tuesday. Bank’s mortgage loans portfolio grew by a record 34.5% last year, the central bank said in a report, and the sector posted record profits of […]
The South African Reserve Bank (SARB) held its key interest rate steady on Thursday, but policymakers cited continued risks to the inflation outlook. The central bank kept its main lending rate unchanged at 8.25%, the second meeting in a row that the bank has left its repo rate on hold. Nearly all analysts polled by […]
The Democratic Party, which used to brag that it represented working people, is now the party for freeloaders and the uber-rich who don’t mind supporting them. That’s the major reason Democrats and Republicans in Washington were locked in a stalemate over hiking the debt ceiling. A sticking point was whether people should be allowed to collect government […]
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