U.S. consumer sentiment near three-and-a-half year low, spending sluggish
U.S. consumer sentiment dropped to near a 3-1/2-year low in March as the coronavirus epidemic upended life for Americans, and consumer spending was sluggish in...
U.S. regulators give banks relief on accounting standard, derivatives rule
U.S. banking regulators told banks Friday they could ignore the capital implications of a new accounting standard for two years and adopt early a new,...
ECB tells euro zone banks to skip payouts as virus hits economy
The European Central Bank told euro zone banks on Friday to skip dividend payments and share buybacks until October at the earliest and use their...
‘I operate on facts’- Gov. Cuomo defends need for resources
“Everybody’s entitled to their own opinion, but I don’t operate here on opinion, I operate on facts,” said New York Governor Andrew Cuomo when asked...
Davis Love III, wife escape fire that destroys home
American golfer Davis Love III’s home was destroyed by an early morning fire in Georgia on Friday but the 21-time PGA Tour winner said he...
Belgium extends coronavirus lockdown period until April 19
Belgium has extended a lockdown aimed at containing the coronavirus outbreak by two weeks until April 19 and will crack down harder on those who...
Russia calls U.S. sanctions on Venezuela a ‘tool of genocide’ amid epidemic
Russia said on Friday U.S. “narco-terrorism” charges against Venezuelan President Nicolas Maduro were absurd, adding that sanctions on Caracas could become “a tool of genocide”...
Hedge fund Fir Tree puts $410 million dislocation fund to work
After years of waiting and watching from afar, hedge fund Fir Tree Partners is spending $410 million from its dislocation funds on stocks, pockets of...
New York Fed sets fee structure and terms for agreement with BlackRock
The New York Federal Reserve released the fee structure and terms for its agreement to hire the asset management firm BlackRock to guide some of...
Historic $2.2 trillion coronavirus bill passes U.S. House, headed to Trump
The U.S. House of Representatives on Friday approved a $2.2 trillion aid package – the largest in American history – to help people and businesses...