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Moody's cut credit ratings of several small to mid-sized U.S. banks on Monday and said it may downgrade some of the nation's biggest lenders, warning that the sector's credit strength will likely be tested by funding risks and weaker profitability. ...
Elon Musk’s tenure at Twitter got even bumpier on Thursday, as he reportedly told employees during an emergency all-hands meeting that he can't rule out the company filing for bankruptcy in the next year. Musk made the announcement during the ...
Israeli scientists are on the cusp of developing the first vaccine against the novel coronavirus, according to Science and Technology Minister Ofir Akunis. If all goes as planned, the vaccine could be ready within a few weeks and available in 90 ...
Top Chinese and U.S. officials will resume trade talks in accordance with the wishes of their leaders, but China hopes the United States will create the necessary conditions for dialogue, the Chinese commerce ministry said on Thursday. Negotiations ...
May’s escalation in trade tensions led to a sharp drop off in the growth of American investment in China, according to data released on Thursday, which highlighted the chilling effect the trade war is having on investor confidence. The data release ...
China and Russia should avoid using US dollars in financial translations to minimise Washington’s ability to bully other countries into following its rules with the threat of sanctions, according to a top adviser to Russian President Vladimir Putin. ...
American investment bank Goldman Sachs has revised its expectation for the outcome of the trade war between the United States and China following the recent developments. Goldman increased its expectations for an escalation to the trade wars, ...
Rates for home loans fell again, taking the benchmark product below a key threshold, as global economic concerns rocked markets. The 30-year fixed-rate mortgage averaged 3.99% in the May 30 week, down from 4.06%, Freddie Mac said Thursday. That ...
Ray Dalio has warned the US-China trade war could be entering a new stage. America's blacklisting of Huawei and China's threats to cut off US supplies of rare-earth metals could transform the "tariff war" into an "export embargo war," the ...
Trump-Xi trade war summit at G20 in Japan still up in the air as ‘conditions not right’, China adviser says China’s president met his US counterpart in December in Argentina during a G20 summit which led to a three-month tariff truce which was then ...
The U.S. and Japan got off to a rocky start in working-level trade talks on Tuesday as Washington pushes back against Tokyo's call to eliminate tariffs on cars and auto parts. Deputy U.S. Trade Representative Jeffrey Gerrish led talks on the ...
Chinese President Xi Jinping has called for the nation to embark on a new Long March and “start all over again”, in the most dramatic sign to date that Beijing has given up hope of reaching a trade deal with the United States in the near term. Xi is ...
As the trade war between China and the US continues to escalate, with the latter constantly raising the stakes and widening the battle, Chinese officials could be considering all options to strike back, including targeting big US corporations, ...