Tag: Financial services
Company: Insured losses from Elsa could be $290 million
ATLANTA — A company that estimates damage from natural disasters says insured losses on land from Hurricane Elsa will be around $290 million.
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Goldman Sachs 2Q profits beat forecasts; boosts dividend
NEW YORK — Goldman Sachs had the second-best quarterly profit in the firm's history in the quarter ended in June, helped by a strong...
Yellen: US regulators to assess risk posed by climate change
WASHINGTON — U.S. Treasury Secretary Janet Yellen says she will lead an effort by top U.S. regulators to assess the potential risk that climate...
IMF approves $650 billion expansion to fight pandemic
WASHINGTON — The executive board of the International Monetary Fund approved a $650 billion expansion in resources to support economically vulnerable nations as they...
Judge sets July hearing on Boy Scouts settlement agreement
DOVER, Del. — A bankruptcy judge has set a July 29 hearing on the proposed $850 million settlement agreement the Boy Scouts of America...
Norway’s Telenor sells Myanmar operations to M1 Group
BANGKOK — The Norwegian telecoms company Telenor, one of the biggest carriers in Myanmar, said Thursday it has agreed to sell its entire operations...
Europe’s central bank intensifies focus on climate change
FRANKFORT, Germany — The European Central Bank has adopted a new approach to managing the economy that would allow the bank to tolerate transitory...
World Bank estimates cost of rebuilding Gaza at $485M
JERUSALEM — Rebuilding Gaza after the latest devastating war between Israel and the territory's militant Hamas rulers will cost up to $485 million, the...
Fed officials discuss timing of reducing bond purchases
WASHINGTON — Federal Reserve officials began debating at their June meeting when and how they would reduce the monthly bond purchases that they have...
Feds dropping case against former Wilmington Trust execs
DOVER, Del. — After being dealt a stunning setback by an appeals court, federal prosecutors in Delaware have declined to retry four former executives...