Supreme Court blocks Biden's student loan forgiveness program
In a stinging defeat for President Joe Biden, the Supreme Court blocked the administration's student loan forgiveness plan Friday, rejecting a program aimed at delivering up to $20,000 of relief to millions of borrowers struggling with outstanding debt.
2023-06-30 22:48
California is about to give Hollywood studios a lucrative tax deal during the writers' strike
A bill at Gov. Gavin Newsom's desk makes California's film and TV tax credit refundable for cash. It also mandates productions to comply with new firearm safety protocols inspired by the 2021 "Rust" shooting and implements requirements for meeting diversity targets.
2023-06-30 20:16
Analysis-Dutch pension fund reform spells investment rethink
By Yoruk Bahceli AMSTERDAM An overhaul of the private pensions system in the Netherlands - the biggest in
2023-06-30 13:57
Analysis-Macro hedge funds down at half-year point, pin recovery hopes on central banks
By Carolina Mandl and Nell Mackenzie NEW YORK/LONDON Many macro hedge funds that bet on global economic trends
2023-06-30 13:18
Crisis-hit Pakistan strikes $3bn funding deal with IMF
The South Asian nation is facing its worst economic crisis since independence from Britain in 1947.
2023-06-30 12:25
Yen weakens past key 145 per dollar level; yuan falls after China PMI data
By Rae Wee SINGAPORE The yen weakened past 145 per dollar on Friday, a level which kept speculators
2023-06-30 10:23
Former Pfizer employee charged with Covid drug insider trading
The US Securities and Exchange Commission on Thursday charged a former Pfizer employee and his friend for trading on insider information regarding the success of the company's trial for Paxlovid, its Covid antiviral drug.
2023-06-30 02:49
Sri Lanka: Five-day bank holiday for domestic debt restructuring
There are fears the government's plan could lead to volatility in financial markets.
2023-06-29 13:16
Dollar near 7-1/2-month high versus yen as central bankers reaffirm policy divergence
By Kevin Buckland TOKYO The U.S. dollar hovered near a 7-1/2-month high against the Japanese yen after the
2023-06-29 10:28
BOE’s Bailey Dismisses Claims Brexit Tightened Jobs Market
Bank of England Governor Andrew Bailey dismissed claims by economists that Britain leaving the European Union has helped
2023-06-28 22:49
More tightening to come, top central bank chiefs tell ECB forum
SINTRA, Portugal Leaders of the world's top central banks reaffirmed on Wednesday they see further policy tightening as
2023-06-28 22:45
Dollar flat; Aussie slides as inflation slows
By Ankur Banerjee SINGAPORE The U.S. dollar was barely changed on Wednesday, with resilient economic data easing investor
2023-06-28 10:58