Showing 1 - 10 of 186
Luxury retailer Saks Global files for bankruptcy
AFP, Published on 14/01/2026
» NEW YORK - US luxury retail group Saks Global, the parent company of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, said Wednesday it had filed for bankruptcy.
Trump moves to cut more foreign aid, risking shutdown
AFP, Published on 30/08/2025
» WASHINGTON - US President Donald Trump has moved to cut nearly $5 billion of congressionally-approved foreign aid, the White House said Friday -- raising the likelihood of a federal shutdown as Democrats oppose the policy.
Inside Europe's last 'open-outcry' trading floor
AFP, Published on 09/04/2025
» LONDON - In an era where computer algorithms automate trading at breakneck speeds, a dwindling number of London's metal traders still conduct business in-person by shouting orders across Europe's last so-called open-outcry trading floor.
China's Country Garden says might not meet all debt obligations
AFP, Published on 10/10/2023
» BEIJING - Debt-saddled Chinese property giant Country Garden said on Tuesday that it did not expect to meet all of its offshore payment obligations in time as it edges towards a potential default.
US Fed official calls for increase to bank capital requirements
AFP, Published on 10/07/2023
» WASHINGTON - A senior Federal Reserve official has proposed raising capital requirements for large and mid-sized US banks as part of a "comprehensive" series of measures to tighten banking regulation and supervision.
Climate finance summit wraps up eyeing bigger progress
AFP, Published on 23/06/2023
» PARIS - A global summit seeking to overhaul the international financial system wraps up Friday after taking small steps towards easing the debt burden of developing nations weighed down by climate and economic crises.
UBS set for 'bumpy' integration of Credit Suisse
AFP, Published on 12/06/2023
» ZURICH - UBS is poised to complete on Monday its takeover of Credit Suisse, but integrating the former rival is a Herculean task that clients, employees and Swiss political leaders will closely watch.
OECD lifts world GDP growth forecast to 2.7%
AFP, Published on 07/06/2023
» PARIS: The OECD slightly raised its growth outlook for the world economy on Wednesday as inflation eases and China has dropped Covid restrictions, but it warned the recovery faces a "long road".
Over $68 bn withdrawn from Credit Suisse ahead of UBS takeover
AFP, Published on 25/04/2023
» ZURICH - Tens of billions were withdrawn from Credit Suisse in the first three months of 2023, the bank's earnings report showed Monday, providing clues to the towering challenges ahead as UBS prepares an emergency takeover.
Switzerland scraps Credit Suisse execs' bonuses
AFP, Published on 06/04/2023
» GENEVA - The Swiss government said Wednesday it would scrap the outstanding bonuses of Credit Suisse's executive board following the bank's implosion and emergency takeover by rival UBS.