US authorities on Wednesday announced a $5.28 billion settlement with the European banking giant Credit Suisse, adding to the list of loose ends being wrapped up as Washington prepares to install a new president.
Egypt has made a “good start” on reforms under a loan deal with the International Monetary Fund and soaring inflation is expected to drop around mid-2017, an IMF official said Wednesday.
Goldman Sachs and Citigroup closed earnings season on a good note Wednesday, as major US banks saw profits boosted by the election victory of Donald Trump, who promised to dismantle financial regulations.
Britain leaving the European single market will damage both the UK and EU member states’ economies, the German car industry warned Wednesday, after Prime Minister Theresa May appeared to head for the exit.
Wall Street opened lower on Wednesday despite rosy bank earnings and economic data that pointed to a pickup in inflation and industrial production.
Troubled German banking giant Deutsche Bank said Wednesday it would cut 2016 bonus payments for a quarter of employees as it struggles to return to health.
Industrial output jumped in December, retracing the decline in November, which was bigger than originally reported, with consumer goods and utilities leading the way, the Federal Reserve reported Wednesday.
US consumer prices continued to rise in December, with one measure of price gains registering its biggest increase in two and a half years, the Labor Department said Wednesday.
More than 80 percent of American companies feel China is less welcoming to foreign businesses than in the past, a US business lobby group reported Wednesday, as trade tensions surge between the world’s top two economies.
Italian Finance Minister Pier Carlo Padoan on Wednesday took aim at the EU, saying it was creating its own problems because of a lack of vision, and called on policy makers to take populism seriously.
IMF head Christine Lagarde conceded Wednesday the Washington lender had been late waking up to the widening gap between rich and poor around the world, but is now researching answers to the problem.