Ratings agency Moody’s said a new ruling from India’s top court that voided guidelines about how lenders should resolve their bad debts is potentially bad news for Indian banks. On Tuesday, the Supreme Court said India’s central bank exceeded its authority when it tightened those guidelines last February. As a […]
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Ousted Nissan Chairman Ghosn says on Twitter he’s ‘ready to tell the truth’
Ousted Nissan Motor Co boss Carlos Ghosn on Wednesday said on Twitter that he was getting ready to tell the truth about recent events and that he would hold a news conference on April 11. Carlos Ghosn on Twitter: I’m getting ready to tell the truth about what’s happening. Press […]
Major cryptocurrencies are soaring after bitcoin made its first big jump in months
Hot on the heels of bitcoin surging to multi-month highs, other major cryptocurrencies are also posting big moves upward. As of 10:41 a.m. HK/SIN, the price of ethereum had surged 20.82 percent in 24 hours to $171.49, according to data from Coindesk. Ripple’s XRP token also skyrocketed 14.64 percent to […]
Lori Lightfoot elected Chicago mayor, will be 1st black woman and 1st openly gay person to hold post
Former federal prosecutor Lori Lightfoot defeated Toni Preckwinkle in a runoff for Chicago mayor Tuesday. She will be the first openly gay person and first black woman to lead the city. The Associated Press called the race for Lightfoot shortly before 8 p.m. local time. With over 70 percent of […]
US and China are reportedly drawing closer to a final trade agreement
American and Chinese officials negotiating a trade deal have resolved most of the outstanding issues but are still haggling over how to implement and enforce such an agreement, the Financial Times reported late Tuesday. Both countries have yet to agree on a number of important issues. Beijing wants Washington to […]
These are the best companies to work for in China, according to LinkedIn
More than half of China’s top employers have internet and technology services at the core of their business, according to a new study from LinkedIn. Technology companies made up 15 of China’s top 25 companies to work for in 2019, the professional services site found, highlighting the country’s quickly evolving […]
Brazil ex-President Temer indicted on charges involving nuclear plant bribes
RIO DE JANEIRO, April 2 (Reuters) – Former Brazilian President Michel Temer was indicted on Tuesday on corruption charges brought by prosecutors who said he took part in a bribery scheme related to the Angra 3 nuclear power plant complex on the coast near Rio de Janeiro. The case is […]
California bans state-funded travel to South Carolina, citing gay ‘discrimination’ in foster law
California Attorney General Xavier Becerra on Tuesday announced a ban on state-funded travel to South Carolina, citing a measure on the books that enables faith-based foster agencies to “discriminate” against gays and others. “The State of South Carolina recently enacted a measure that sanctions discrimination against families in the placement […]
Trump reportedly told Fed’s Powell that he’s ‘stuck’ with him
President Donald Trump is not warming up to Federal Reserve Chairman Jerome Powell. Despite the Fed doing two key things the White House has called for — putting an end to shrinking its balance sheet and halting rate hikes — the president reportedly “blasted” the Powell at three meetings in […]
Cramer: Investor apathy for Lyft is a big positive for this bull market
CNBC’s Jim Cramer on Tuesday conceded that Lyft‘s entrance to the public market “was decidedly a dud,” but he thinks the stock’s more than 22 percent collapse from its Friday high mark is actually a positive for the bull market. Lyft’s stock price slipped for a second day in a […]