Tag: Financial services
Federal Reserve survey sees economy growing at faster pace
WASHINGTON — The U.S. economy grew at a somewhat faster pace in April and May despite disruptions that choked supplies to the nations manufacturers,...
China’s central bank tries to stop surge in currency’s value
BEIJING — China’s central bank is trying to restrain the surging exchange rate of its currency, temporarily backtracking in efforts to make the tightly...
World Bank: Lebanon’s crisis among world’s worst since 1850s
BEIRUT — Lebanon’s severe economic and financial crisis is likely to rank as one of the worst the world has seen in more than...
Eurozone inflation rebounds to 2.0% on higher energy prices
FRANKFURT, Germany — Eurozone inflation rose to 2.0% in May, driven higher by rising oil prices as other inflationary pressures appeared to remain subdued....
Meme stock cash out: AMC selling 8.5M shares, raises $230.5M
The movie theater chain AMC is raising $230.5 million through an 8.5 million share sale, cashing in on the meme stock frenzy that has...
Bank of Italy forecasts 4% GDP growth in 2021
MILAN — The head of Italy’s central bank said Monday the eurozone’s third-largest economy could grow 4% this year, after shedding 9% during the...
Bank CEOs return to testify in front of divided Congress
WASHINGTON — The chief executives of the nation’s largest banks are back in front of Congress, where they are likely to face another round...
2 months in prison for dad who paid $40K in ACT cheat scheme
BOSTON — The founder of a private equity firm who paid $40,000 to have someone secretly correct his daughter's ACT exam answers was sentenced...
HSBC exiting US retail banking to focus on wealth management
NEW YORK — British banking giant HSBC says it is closing its U.S. retail banking business in order to refocus its efforts on wealth...
Alden puts its stamp on Tribune with new debt and leadership
Hedge fund Alden Global Capital closed its deal for Tribune on Monday. It wasted little time installing new leadership and saddling the newspaper chain...
