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Banks in the U.S. that failed in the past two years were in far worse shape than those that collapsed during the industrys last crisis, a looming problem for the government agency charged with insuring deposits.
At three of the five banks that failed Friday, increasing the total to 77 so far this year, the financial hit to the agencys deposit-insurance fund is expected by the Federal Deposit Insurance Corp. to be about 50% of their assets.
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Global stock markets recovered some further ground Monday after last week’s turbulence when ongoing concerns about a trade war between the US and China and an array of worries about waning growth acr
China’s economy is showing further signs of cooling as the US prepares to impose even tougher trade tariffs, with investment in the first seven months of the year slowing to a record low and retail s
An escalating trade war between the United States and China could abruptly end a glittering stock market run for luxury goods firms, with some investors already put off by lofty valuations in a secto
A vessel carrying US soybeans was unloading its cargo worth at least $23 million at the Chinese port of Dalian on Monday, becoming one of the first shipments to incur hefty new import duties as the t
Oman Daily Observer
The International Air Transport Association (IATA) announced global passenger traffic results for June showing that demand (measured in total revenue passenger kilometers or RPKs) rose by 7.8% compar