By Pete Schroeder and Nupur Anand WASHINGTON (Reuters) -Twenty-two of the largest banks in the U.S. are well-positioned to weather a hypothetical severe economic downturn and continue lending, with firms maintaining robust capital levels even after suffering hundreds of billions of dollars in losses, the Federal Reserve reported on Friday. The results of the U.S. central bank’s annual "stress te ...
By Scott Murdoch and Christine Chen SYDNEY (Reuters) -Virgin Australia shares rallied 8.3% on Tuesday, after its A$685 million ($439 million) initial public offering, a transaction dealmakers hope will revive a subdued listings market. The airline sold 236.2 million shares at A$2.90 each, valuing it at A$2.32 billion on a fully diluted basis. The stock began trading at A$3.14, outpacing a 1.2% gai ...
Investing.com-- Asian stock markets saw sharp gains on Tuesday, led by South Korea and Hong Kong, after U.S. President Donald Trump announced a tentative ceasefire between Israel and Iran, lifting investor risk appetite. Regional markets also tracked gains from Wall Street, with major U.S. stock index futures trading higher in Asian trading hours on Tuesday following a positive overnight clos ...
By Ahmed Aboulenein WASHINGTON (Reuters) -U.S. Health and Human Services Secretary Robert F. Kennedy Jr. said on Thursday he promised to allow U.S. Senator Bill Cassidy to pick a candidate for a key panel of vaccine advisers. Kennedy, who has a long history of questioning the safety of vaccines contrary to scientific evidence, named eight members on Wednesday to serve on the U.S. Centers for Disea ...