Major differences remain over spending cuts and other key issues as debt limit deadline looms
Negotiations are continuing to unfold in an attempt to reach a debt limit deal, but major differences between House Republicans and the White House have yet to be bridged, and the pressure is only intensifying as the risk of default grows ever more real with each day.
2023-05-24 23:45
IMF Chief Reassures on Debt Deal; Roubini Sees Risk: Qatar Forum
The International Monetary Fund’s Kristalina Georgieva expressed confidence that the US will reach a deal on the debt
2023-05-24 20:15
LVMH, Kering Slide as China Worries Spur $56 Billion Luxury Rout
European luxury stocks including LVMH and Gucci owner Kering SA fell as a wave of Covid infections in
2023-05-24 17:28
Roubini Says US Debt Deal Could Reach ‘Last Hour’: Qatar Forum
Nouriel Roubini warned Wednesday that talks to avoid a US default could drag on, with failure to agree
2023-05-24 15:59
Biodiversity Credits Rejected by ESG Body in New Guidelines
For global companies newly concerned about their impact on plants and animals, an influential standards-setting body has barred
2023-05-24 12:21
World’s Richest Man Loses $11 Billion After LVMH Stock Rout
Bernard Arnault, the world’s richest person, had $11.2 billion wiped from his fortune in one day over concerns
2023-05-24 04:54
Saudi Oil Minister Tells Speculators to ‘Watch Out’: Qatar Forum
Saudi Arabia’s top energy official issued another warning to oil short-sellers, just over a week before the OPEC+
2023-05-23 16:48
Mizuho to Buy Investment Bank Greenhill in $550 Million Deal
Mizuho Financial Group Inc. is forging further into US investment banking through a deal to buy Greenhill &
2023-05-22 21:27
US economy on the brink as time runs low to avert debt default
America is heading close to the brink of a self-imposed economic disaster with the Republican-led House refusing to pay the country's debts unless President Joe Biden agrees on cuts to current and future spending and new curbs on social programs.
2023-05-22 12:28
Biden asks aides to arrange call with McCarthy as debt ceiling talks appear stalled
President Joe Biden has asked to speak with House Speaker Kevin McCarthy once his meetings conclude in Japan, in hopes of helping to put negotiations to raise the US debt ceiling -- which have appeared mostly stalled since Friday -- back on track.
2023-05-21 17:58
Lazard CEO Jacobs to Pass Reins to Orszag as Deal Slump Drags on
Lazard Ltd. Chief Executive Officer Ken Jacobs plans to step down from the top job as the investment
2023-05-19 19:59
Online Luxury Retailer Farfetch Surges as Consumers Keep Splurging
Farfetch Ltd shares jumped as much as 23% in after-hours trading following financial results that beat Wall Street’s
2023-05-19 05:56