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Federal Reserve's top regulator Michael Barr announces softer capital requirement rules for major U. S. banks, reducing the proposed increase from 19% to 9%. Changes address industry concerns while maintaining key reforms.
British entrepreneur Mike Lynch and six others perished when their yacht sank off Sicily. Initial examinations suggest suffocation as the cause of death, puzzling experts about the vessel's rapid sinking.
Initial autopsies suggest suffocation as cause of death in Sicily yacht sinking. Seven people, including British tech mogul Mike Lynch and his daughter, perished in the mysterious incident.
Autopsies reveal drowning as the cause of death for victims of the Bayesian yacht sinking off Sicily. Prosecutors investigate the incident while planning to raise the vessel for examination.
President López Obrador pushes for major constitutional changes in his final weeks, sparking concerns about Mexico's democratic future and economic stability. Proposed reforms face international criticism and market uncertainty.
India's National Stock Exchange reinitiates its IPO process, potentially one of the country's largest. The move follows regulatory hurdles and aims to provide an exit for existing shareholders.
Despite a slowdown in SPAC activity, financial institutions continue to engage with these investment vehicles. Private equity firms may play a crucial role in revitalizing the SPAC model through structural reforms.
Indian stock market expected to open steady near record highs. Global markets pause on U.S. rate cut anticipation, while oil prices rise due to Middle East tensions.
Italian authorities investigate the sinking of a yacht off Sicily, resulting in seven deaths, including British tech entrepreneur Mike Lynch. Prosecutors consider potential charges of culpable shipwreck and manslaughter.
Italian authorities investigate the sinking of a "unsinkable" superyacht near Sicily, resulting in seven fatalities. The incident raises questions about vessel safety in severe weather conditions.
Mexico's electoral institute grants governing coalition a supermajority in Congress, sparking debate over representation and constitutional changes. Critics warn of potential risks to democracy and judicial independence.
A luxury yacht sinking off Sicily's coast results in seven fatalities, including British tech entrepreneur Mike Lynch and his daughter. Fifteen others were rescued in the maritime disaster.
British entrepreneur Mike Lynch's body found in yacht wreckage near Sicily. Five others identified, one still missing after violent storm sank vessel carrying 22 people. Recovery efforts ongoing.
President López Obrador's proposal to elect judges faces opposition from court employees and financial analysts. The controversial plan has ignited debates about judicial independence and investment stability in Mexico.
Judicial strike in Mexico escalates as judges protest proposed reform for popular election of judges. Markets react negatively, with peso falling over 2% amid concerns about judicial independence and economic impact.
Four bodies discovered in wreckage of superyacht off Sicily coast. Vessel owned by tech entrepreneur's family sank in severe storm, with 15 rescued and others still missing.
Search efforts continue for six missing individuals, including British entrepreneur Mike Lynch, after a superyacht sank off Sicily's coast. Divers face challenges in exploring the wreck at 50 meters depth.
A luxury yacht sank off Sicily's coast during a violent storm, leaving six people missing, including British tech entrepreneur Mike Lynch. Divers face challenges in searching the wreck at 49 meters depth.
Energix Renewables partners with Google to supply solar power and renewable credits for AI data centers. The deal, leveraging Biden's climate act, includes 1.5GW peak development with expansion potential.
A luxury yacht sank off Sicily's coast, leaving six missing, including a British tech entrepreneur. Rescue efforts are ongoing as survivors recount harrowing experiences during the storm.
A 56-meter luxury yacht sank off Sicily's coast during a violent storm, leaving six people missing and one dead. Rescue efforts continue for the missing, including British tech entrepreneur Mike Lynch.
Alan Taylor, an expert in international economics and financial crises, has been appointed to the Bank of England's Monetary Policy Committee. The British-born Columbia University professor will start his role on September 2, 2024.
July saw a surprising 1% rise in U. S. retail sales, the largest in two years, easing recession fears. However, financial strain on lower-income households and mixed corporate outlooks paint a complex economic picture.
Gulf stock markets showed positive trends following benign U. S. inflation data. Traders anticipate Federal Reserve rate cuts in September, impacting Gulf Cooperation Council monetary policies.
UBS reports progress in Credit Suisse integration and cost-cutting, but faces challenges in wealth management growth. The bank's valuation remains steady amid uncertainties about its future performance.
Major tech companies experienced significant market cap declines in July 2024 due to disappointing Q2 results and concerns over AI investments. Apple and Tesla bucked the trend with notable increases.
Oil prices remain flat as ECB signals potential rate cut, balancing renewed Gaza ceasefire hopes. Market awaits U.S. inventory data and OPEC+ meeting amid global economic and geopolitical factors.