The U.S. Department of Justice asked Deutsche Bank, Germany’s biggest lender, to pay $14 billion to settle an investigation into the sale of residential mortgage-backed securities. The company said it has “no intent” to pay the huge sum tied to the bank’s sale of mortgages between 2005 and 2007 and ... Read More »
Global equity prices gained on Thursday after weak U.S. retail sales data undermined the argument that the Federal Reserve will raise interest rates next week. The U.S. Treasury yield curve surged to its steepest levels in 2-1/2 months as longer-dated debt fell, highlighting expectations that the Fed could hold off ... Read More »
Oil prices fell 4 percent on Friday, paring most of the previous session’s rise as traders noted that a tropical storm was behind this week’s unexpected slump in U.S. crude inventories. The market ended up around 3 percent, its first gain in three weeks. Traders cited hopes for a global ... Read More »
Investors rekindled their love affair with emerging markets this year, pouring billions of dollars into their stocks and bonds, but the prospect of the Federal Reserve raising U.S. interest rates threatens to cool the relationship once again. Higher U.S. rates and bond yields tend to make emerging market assets relatively ... Read More »
SAN JUAN, Puerto Rico — The U.S. government on Friday declared a public health emergency in Puerto Rico as a result of a Zika epidemic. The declaration allows the U.S. Department of Health and Human Services to award grants, access emergency funds and temporarily appoint personnel where needed, among other ... Read More »
The top leader for the Islamic State‘s Afghanistan branch was killed by U.S. forces in a strike last month, the U.S. Department of Defense said Friday. Hafiz Sayed Khan was killed in the July 26 airstrike, the Pentagon announced, in the nation’s southern Nangarhar province. Officials said U.S. and Afghan special ... Read More »
Torrential rainfall along the U.S. Gulf Coast has caused “unprecedented” flooding in parts of Louisiana, Governor John Bel Edwards said on Saturday, while claiming at least three lives. The National Weather Service issued flood watches for parts of southeastern Texas through Sunday evening and extended its flash flood warning further ... Read More »
Beginning on July 1 all McDonald’s outlets in Russia have accepted payments via the Mir card, the Russian business daily Kommersant reports. The company has become the largest restaurant chain in terms of customer volume to service clients of the Russian payment system. Currently, major companies that accept Mir cards ... Read More »
A low estimate of U.S. gross domestic product and steep losses from some of the world’s biggest energy companies sent crude oil prices down early Friday. U.S. supermajor Chevron Corp. reported a loss of $1.5 billion, its third quarterly loss. “The second quarter results reflected lower oil prices and our ... Read More »
U.S. justice officials on Thursday filed a pair of lawsuits to block two proposed mergers among four of the United States’ largest health insurers, over concern that the combinations might stifle competition and lead to higher premiums. U.S. Attorney General Loretta Lynch announced the lawsuits, which aim to block deals ... Read More »
The United Kingdom and the United States announced a program Thursday to speed up development of robotic and autonomous systems that can resupply troops in tough environments. The program, expected to last up to four years, seeks to mitigate “the last mile,” or the final stage of transporting supplies to ... Read More »
U.S. laws designed to scale down abuse of opioid painkillers haven’t decreased misuse or overdoses by means of disabled Medicare beneficiaries, a brand new have a look at shows. between 2006 and 2012, states enacted 81 laws to govern use of effective opioids together with Oxycontin and Vicodin. but regardless ... Read More »
