[ad_1] NEW YORK/WASHINGTON (Reuters) – An annual stress test of banks introduced by U.S. regulators after the 2007-09 financial crisis to prevent taxpayer bailouts has become a fight over how quickly lenders can return capital
Facebook’s Libra coin likely to run a regulatory gauntlet
[ad_1] NEW YORK/SAN FRANCISCO(Reuters) – Facebook Inc will face unprecedented regulatory scrutiny over a new digital currency that the social media company hopes will become globally recognised legal tender within a year. FILE PHOTO: Representations
Wall Street wraps up its best June in decades as G20 convenes
[ad_1] NEW YORK (Reuters) – Wall Street advanced in heavy trading on Friday, with the S&P 500 and the Dow closing the book on their best June in generations, ahead of much-anticipated trade talks between
Stocks advance to cap first half as G20 eyed
[ad_1] NEW YORK (Reuters) – A gauge of global stocks advanced on Friday ahead of a meeting on trade between U.S. President Donald Trump and Chinese President Xi Jinping, as global equities were poised to
Hedge fund chief Daniel Loeb opposes United Technologies, Raytheon merger
[ad_1] BOSTON (Reuters) – Billionaire investor Daniel Loeb said on Friday that his hedge fund Third Point LLC will vote against the planned merger of United Technologies Corp and Raytheon Co, saying there is no
Oil prices steady; set for weekly gain ahead of G20 talks, OPEC
[ad_1] NEW YORK (Reuters) – Oil prices were little changed on Friday and were on track for a second straight week of gains, ahead of talks over the trade dispute between the U.S. and Chinese
Heatwave seen trimming, not slashing EU grain harvest
[ad_1] PARIS/HAMBURG (Reuters) – A record-breaking heatwave in western Europe may trim grain harvest production but the searing heat is not expected to last long enough to cause the kind of severe crop losses seen
Mall operator Simon to invest $5 million in Allied Esports
[ad_1] (Reuters) – Simon Property Group Inc, the largest mall operator in the United States, will invest $5 million in Allied Esports, the companies said in a statement. Simon Properties’ unit Simon Equity Development LLC
Corona and Modelo drive Constellation’s sales, shares rise 8%
[ad_1] (Reuters) – Constellation Brands Inc reported better-than-expected quarterly results and raised its full-year earnings forecast on Friday, boosted by strong demand for its Modelo Especial and Corona Premier beers, sending its shares up 8%.
Lego family, Blackstone take Merlin private in $7.5 billion deal
[ad_1] LONDON/COPENHAGEN (Reuters) – Lego’s founding family and private equity firm Blackstone are taking Britain’s Merlin private again in an agreed deal valuing the Madame Tussauds and Legoland owner at $7.5 billion. The world’s second-largest