RANDALLSTOWN, MD — A Baltimore County woman is now $1 million richer after purchasing a winning scratch-off ticket at a gas station in Annapolis, the Maryland Lottery announced. The winner,…
By Michael S. Derby (Reuters) – U.S. consumers’ projection of inflation over the short run fell to the lowest level in nearly three years in December, the New York Federal…
(Reuters) – Some of China’s top banks have sharpened scrutiny of smaller peers’ asset quality and have tightened standards for interbank lending, three sources said, in an effort to curb…
BANGKOK (Reuters) – Thailand’s cabinet has approved debt suspension for smaller businesses and support for retail debtors, the prime minister said on Tuesday, in the government’s latest move to address…
BEIJING (Reuters) – A key Chinese financial regulator said on Sunday it would accelerate reform of small and midsize financial institutions as it steps up its oversight of the sector.…
By Lincoln Feast (Reuters) – Residents of the Tahitian village that will host the 2024 Olympic surfing event remain opposed to plans to build a new smaller judging tower on…
(Reuters) – Asset and wealth manager Northern Trust on Wednesday posted a smaller-than-expected drop in third-quarter profit as a rise in fee-based income cushioned the hit from a drop in…
By Sophie Yu and Brenda Goh BEIJING (Reuters) – U.S. coffee chain Starbucks has rolled out a new smaller cup size in China, its second largest market, in an aim…
BERLIN (Reuters) -Unexpectedly strong sales of Yeezy shoes left over from Adidas’ abandoned collaboration with rapper Ye should reduce the sportswear giant’s expected operating loss this year to 450 million…
By Manoj Kumar and Jatindra Dash and Sumit Khanna BHUBANESWAR, India (Reuters) – The world’s major accounting firms are stepping up investments in new Indian facilities away from bigger cities…
FRANKFURT (Reuters) – The European Central Bank on Thursday backed proposed new EU rules for closing down smaller banks when they fail, but said they should be more ambitious and…
By Iain Withers and Chiara Elisei LONDON (Reuters) – HSBC’s move to ditch its 45-floor Canary Wharf tower in favour of a much smaller development in central London is one…
AMELIA ISLAND, Florida (Reuters) – Changing interest rates in “smaller, less frequent steps” can make it less likely that U.S. Federal Reserve monetary policy causes financial instability, Dallas Fed President…
BEIJING (Reuters) – Several small and mid-sized banks in China have lowered their deposit interest rates, a move that could help ease costs as loan growth faces more pressure amid…
By Alexander Marrow and Elena Fabrichnaya MOSCOW (Reuters) – Russia’s economy is set for a shallower contraction this year than previously thought, a Reuters poll showed on Friday, but above-target…
Big Banks Raking In Billions Following Federal Bailouts As Smaller Banks Suffer Jason Cohen on March 30, 2023 Bank customers moved billions of dollars in deposits from smaller institutions to…
FRANKFURT (Reuters) – Goldman Sachs Group Inc President and Chief Operating Officer John Waldron said some smaller banks will need more capital and the sector should brace for stricter regulation…
MILAN (Reuters) – Italian luxury goods group Salvatore Ferragamo on Thursday reported a smaller-than-expected 10.8% drop in operating profit for 2022, as it shouldered higher costs in a push to…
(Reuters) – J.P.Morgan said the UK economy was expected to contract by 0.1% this year, revising it from the previously forecast 0.3% decline in the gross domestic product (GDP), buoyed…
(Reuters) -The Federal Reserve is now seen nearly certain to deliver just a quarter-point interest-rate hike at its next meeting and likely to ultimately stop raising rates short of 5%,…
(Reuters) – Ford Motor Co on Thursday posted a smaller decline in annual U.S. sales compared to a year earlier, as an improvement in inventory levels allowed the U.S. automaker…
(Reuters) -Carnival Corp on Wednesday posted a smaller-than-expected quarterly loss as the cruise operator kept a tight lid on operating costs, sending its shares up about 7% in morning trade.…
KUALA LUMPUR (Reuters) – Malaysian political parties supporting Prime Minister Anwar Ibrahim on Friday signed a cooperation pact promising to ensure stability, ahead of a confidence vote on the premier…
By Davide Barbuscia NEW YORK (Reuters) – The U.S. Federal Reserve’s likely shift to a smaller interest rate increase this week could offer some respite to bond investors hit hard…
By Shaloo Shrivastava BENGALURU (Reuters) – The Reserve Bank of India will raise interest rates by a smaller 35 basis points to 6.25% in December, according to economists polled by…