By Davide Barbuscia and Pushkala Aripaka (Reuters) -Moody’s downgraded the U.S. sovereign credit rating on Friday due to concerns about the nation’s growing, $36 trillion debt pile, in a move that could complicate President Donald Trump’s efforts to cut taxes and send ripples through global markets. Moody’s first gave the United States its pristine "Aaa" rating in 1919 and is the last of t ...
ROME/BERLIN (Reuters) -Europe is a long way from talking about deploying troops in Ukraine as all its efforts are currently focused on securing an unconditional ceasefire from Russia, German Chancellor Friedrich Merz and Italian Prime Minister Giorgia Meloni said on Saturday. "The next step must be that the format for peace talks is made clear, as well as which security guarantees could possibly, ...
ROME (Reuters) -Germany does not expect Italy’s UniCredit to launch a full bid for German rival Commerzbank (ETR:CBKG) at present, German Chancellor Friedrich Merz said on Saturday. UniCredit disclosed last year that it had built a web of financial transactions through derivatives to secure a Commerzbank stake of around 28%, and in March received European Central Bank approval to get to 29.9%. ...
By David Shepardson WASHINGTON (Reuters) -Families of some of the 346 people killed in two fatal Boeing (NYSE:BA) 737 MAX crashes plan to object to a tentative nonprosecution agreement between the planemaker and the U.S. Justice Department, a lawyer said on Saturday. The Justice Department outlined the tentative deal in a more than two-hour meeting with families on Friday and said in a court filin ...