By Nivedita Balu TORONTO (Reuters) -Canada’s no.2 lender TD Bank Group will push ahead with its U.S. expansion by focusing on organic growth, after its M&A-led strategy in the world’s[...]
Read more
May 26, 2023
China Eastern set to operate C919’s first commercial flight on Sunday
By Sophie Yu and Brenda Goh BEIJING (Reuters) – China Eastern Airlines, the initial customer for the country’s homegrown narrow-body jet C919, will launch the plane’s first commercia[...]
Read more
China allows Morgan Stanley to set up China futures unit
SHANGHAI (Reuters) – China’s securities regulator said on Friday it had allowed Morgan Stanley to set up a China futures company in Beijing, to implement the opening-up of the country[...]
Read more
U.S. credit default swaps fall as debt ceiling talks progress
(Reuters) – The cost of insuring exposure to U.S. government debt dropped on Friday as U.S. President Joe Biden and top congressional Republican Kevin McCarthy were closing in on a deal that wou[...]
Read more
BofA must face class action over 2020 benefit card fraud
By Jody Godoy (Reuters) – Bank of America must face cardholder allegations that it bungled its response to unauthorized transactions on unemployment and disability benefits cards in California d[...]
Read more
Sanctioned China stocks win sudden boost from patriotic buyers
By Samuel Shen and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – The trademark Chinese patriotism is back at play in markets. As Japan and the United States place fresh curbs on Chinese technolog[...]
Read more
Soaring airline customer complaints push global legislators to act
By Joanna Plucinska and Allison Lampert LONDON/MONTREAL (Reuters) – Nikoleta Dodova is among a growing number of dissatisfied airline customers. Having bought her mother and niece airline ticket[...]
Read more
US credit default swaps flash default warning and speculators rush in
By Shankar Ramakrishnan and Nell Mackenzie (Reuters) -A measure of U.S. default risk is flashing red as talks over the government’s debt ceiling drag on, with speculation driven by the lure of a[...]
Read more
Analysis-Wall Street prepares for Treasuries mess as default looms
By Gertrude Chavez-Dreyfuss, Saeed Azhar and Davide Barbuscia NEW YORK (Reuters) – Anxiety is increasing in parts of Wall Street that rely on Treasury securities to function, with some traders s[...]
Read more