By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks dropped for a third straight session and suffered a second straight…
First Quantum mulling all legal options after Panama halts flagship mine
By Valentine Hilaire MEXICO CITY (Reuters) -Canada-based miner First Quantum Minerals said on Friday it is going through “all available…
Credit Suisse, BNP faulted by U.S. bank regulators for resolution plans
By Hannah Lang WASHINGTON (Reuters) -The U.S. Federal Reserve and the Federal Deposit Insurance Corp identified problems in the so-called…
Fed may push rates higher, keep them there longer, policymakers say
By Michael S. Derby and Ann Saphir NEW YORK/SAN FRANCISCO (Reuters) -Federal Reserve policymakers may need to lift U.S. borrowing…
U.S. court decision paves way for depositor case against Lebanese bank
BEIRUT (Reuters) -A U.S. court of appeals determined this week that cases against Lebanese commercial banks can be tried outside…
World shares extend rout, oil prices drop on recession worries
By Chris Prentice, Dhara Ranasinghe and Naomi Rovnick NEW YORK/LONDON (Reuters) -A rout in global equities extended on Friday and…
U.S. dollar gains as risk tolerance drops with hawkish central banks
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar rose on Friday in choppy trading, extending sharp gains in the…
TSX extends weekly decline as higher interest rates weigh
By Fergal Smith TORONTO (Reuters) – Canada’s main stock index fell to a five-week low on Friday, pressured by lower…
U.S. bank stocks falter as recession worries take hold
By Lewis Krauskopf (Reuters) – Shares of U.S. banks are taking a beating in December, as worries over an expected…
Fed’s Mester sees rates rising more than most policy makers have forecast
By Michael S. Derby (Reuters) – Cleveland Federal Reserve bank President Loretta Mester said on Friday that she believes the…