BEIJING (Reuters) – China’s flagship carrier Air China Ltd posted record annual losses of 38.6 billion yuan ($5.61 billion)on Thursday as the country’s now-abandoned zero-COVID policy led to a plunge…
By Stephanie Kelly and Arathy Somasekhar NEW YORK (Reuters) – Oil producers, banks and hedge funds have increased purchases of put options to protect themselves from further losses, market sources…
LONDON (Reuters) – Rating agency S&P Global said on Thursday that the banks around the world that it provides credit scores for should be able handle “unrealized losses” from global…
By Nell Mackenzie and Elizabeth Howcroft LONDON (Reuters) -Galois Capital hedge fund founder Kevin Zhou said on Monday his flagship fund would close after “losing almost half” of the fund’s…
By David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen warned county leaders on Tuesday that their residents could lose jobs and federal benefit payments if Congress allows the…
By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – Russia’s VTB bank’s losses last year were due entirely to sanctions, CEO Andrei Kostin said on Tuesday, a rare acknowledgement that…
By Marc Jones LONDON (Reuters) – Central banks face mounting losses on the trillions of dollars of bonds they bought in the past 15 years of rolling crises, a paper…
LONDON (Reuters) – Former U.S. President Donald Trump’s two Scottish golf courses lost 4.4 million pounds ($5.44 million) in 2021, according to accounts released on Thursday, continuing a consistent run…
By Aluisio Alves SAO PAULO (Reuters) – Brazilian banks may start setting aside provisions for losses with retailer Americanas already in the fourth quarter of 2022, analysts say. Banks such…
By Saeed Azhar NEW YORK (Reuters) – Morgan Stanley is comfortable with its headcount after recent action to reduce jobs in December, Chief Financial Officer Sharon Yeshaya told Reuters on…
LOS ANGELES (Reuters) – FedEx’s plan to slash almost $4 billion in expenses has begun sheltering profits, but analysts say the uncertain economy points to the need for more surgical…
(Reuters) – Wall Street’s main stock indexes extended losses on Friday as fears of a looming recession, sparked by the Federal Reserve’s relentless battle against inflation, hammered sentiment. The Dow…
By Laura Sanicola (Reuters) – U.S. oil refiner PBF Energy is closing out one of the best financial years in its history, a wild bounce back from the brink in…
LOS ANGELES – A San Bernardino County woman has pleaded guilty to a federal criminal charge for her involvement in an investment fraud scheme that caused more than $2.6…
By Lananh Nguyen, Saeed Azhar and Shankar Ramakrishnan NEW YORK (Reuters) -Some of the banks that lent Elon Musk $13 billion to buy Twitter are preparing to book losses on…
TOKYO (Reuters) – Nomura Holdings Inc’s U.S. wholesale business has emerged as a profit driver despite some large one-off losses in the region that had dragged down the bank’s earnings…
NEW YORK (Reuters) – The U.S. dollar extended its losses against the euro and the yen on Wednesday, after minutes released from the Federal Reserve’s November meeting showed a “substantial…
DUBLIN (Reuters) – Irish consumer sentiment dipped slightly in November as people grew concerned about job losses in the country’s tech sector, a survey showed on Monday. The Credit Union…
FRESNO, Calif. — Miguel Leyva, 35, and Karina Gutierrez, 32, both of Wasco, were arrested today after a federal grand jury indicted them for conspiracy, bank fraud, access device fraud,…
LONDON (Reuters) – Britain’s government could end up paying 133 billion pounds ($157 billion) to the Bank of England over six years to finance its quantitative easing (QE) programme, official…
Don’t Blame Trump For Midterm Losses, JD Vance Says Harold Hutchison on November 14, 2022 Republican Sen.-elect J.D. Vance of Ohio claimed structural problems, not former President Donald Trump, were…
LOS ANGELES – A Clarkston, Michigan man was sentenced today to 42 months in federal prison for his role in a series of “SIM swapping” schemes that allowed him…
PARIS (Reuters) -French nuclear power group EDF is expecting a hit of around 32 billion euro ($32.18 billion) to its full-year core earnings from lower nuclear production, a bigger loss…
By David Shepardson WASHINGTON (Reuters) – Boeing said Wednesday the company would take a new $766 million charge on its 2018 billion contract to build two new U.S. presidential airplanes…
By Francesco Canepa FRANKFURT (Reuters) – For more than a decade since the global financial crisis, central bankers pumped trillions of dollars of cheap money into the financial system to…