GOP Hardliner Concedes Jim Jordan Is Losing Ground in House Speaker Race
Republican Jim Jordan is losing GOP support in his second attempt to be US speaker Wednesday, a key ally conceded, imperiling his candidacy.
France to Select Tools for Curbing Power Prices in Coming Days
The French government will decide in the coming days what tools it will use to rein in electricity prices that jumped in the wake of Russia’s attack on Ukraine, an aide to Energy Transition Minister Agnes Pannier-Runacher said.
EPA Declares Leaded Plane Fuel a Public Health Threat, Paving Way for Limits
The Biden administration on Wednesday declared emissions from airplanes running on leaded aviation fuel a threat to public health — a first step toward stamping out a major source of metal pollution linked to developmental delays, kidney disease and other health concerns.
China Lets Argentina Tap Extra $6.5 Billion From Swap Line
The People’s Bank of China made available $6.5 billion to Argentina from a currency swap line the countries share, President Alberto Fernandez announced Wednesday after meeting with President Xi Jinping in Beijing.
Stocks Drop, Oil Climbs on Renewed Mideast Risks: Markets Wrap
Stocks were under pressure and oil climbed as Iran intensified its rhetoric against Israel after an explosion at a Gaza hospital that complicated diplomatic efforts to rein in the Middle East conflict.
Gunvor CEO Wants to Buy More Assets After Windfall Trading Profit
Gunvor Group Ltd. Chief Executive Officer Torbjörn Törnqvist will plow record profits into buying assets and making other investments that underpin the trading house’s long-term earnings.
Greece Said to Ready 20% Stake Sale in National Bank Next Month
Greece is preparing to sell a 20% stake in National Bank of Greece as part of its divestment plan for the country’s lenders.
Ally Financial Posts Profit That Beats EstimatesÂ
Ally Financial Inc. posted third-quarter profit that beat analyst estimates even as consumers struggled to make loan payments.
JPMorgan Recommends Betting on Utilities’ Credit Derivatives
Utilities have been hit too hard in the US credit derivatives market, and traders should position for the credits to recover, according to JPMorgan Chase & Co. strategists.
U.S. Bancorp Profits Fall as Bank Boosts Credit Provisions
U.S. Bancorp said profit fell in the third quarter as the biggest US regional lender increased its provisions for credit losses.