Financial Services

Maxine Waters a model for many outspoken freshman Democrats

May 8, 2019

Maxine Waters is having her moment in power, becoming a foe to Trump and a role model to freshmen Democrats

Worsening US-China trade tensions rattle financial markets

May 7, 2019

The Dow Jones Industrial Average tumbled more than 470 points Tuesday as the U.S. and China moved closer to an escalation of their already costly trade war.

Lebanon's Central Bank workers suspend strike for 3 days

May 7, 2019

Lebanon's Central Bank of Lebanon employees suspend their open-ended strike for 3 days, hoping no wage cuts

Malaysia cuts interest rate for first time in 3 years

May 7, 2019

Malaysian central bank cuts key interest rate to counter weaker growth

Records: Cracks in Miami bridge grew 'daily' before collapse

May 6, 2019

Just hours before a pedestrian bridge collapsed and killed six people at a Miami university, engineers confirmed that cracks in the concrete structure "increased in length daily."

Lebanon stock trading suspended over central bank strike

May 6, 2019

The Beirut Stock Exchange says it is suspending trading due to the open strike declared by the employees of Lebanon's central bank

Pakistan appoints IMF economist to head central bank

May 5, 2019

Pakistan has appointed an IMF economist to head its central bank amid ongoing talks with the international lending agency over a key $8 billion bailout package

Pakistan sacks key member of economic team amid IMF talks

May 4, 2019

Senior Pakistani officials say the government has removed the head of the country's central bank, a key member of a team currently in talks with the IMF over an $8 billion bailout package

Eurozone inflation ticks up in hopeful sign for central bank

May 3, 2019

Inflation rose in April in the 19-country eurozone, an encouraging sign for the European Central Bank in its struggle to sustainably raise price levels

Pharmaceutical exec guilty of bribing doctors to push opioid

May 3, 2019

A pharmaceutical company founder accused of paying millions in bribes to doctors to prescribe a highly addictive fentanyl spray has been found guilty along with four ex-employees

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