Fitch puts US credit rating on negative watch as debt ceiling deadline looms

Ratings agency Fitch on Wednesday put the United States' credit on watch for a possible downgrade, raising the stakes as negotiations over the country's debt ceiling go down to the wire. 

newspaper

25-05-2023

Fitch puts US on negative credit watch

(Reuters) -Ratings agency Fitch said on Wednesday it had put the United States' "AAA" rating on negative credit watch, citing increasing political disputes around the country's debt limit.

newspaper

25-05-2023

Industrial suppliers face a rocky road if U.S. defaults on debt- AEM

A failure to break the deadlock on raising the U.S. debt ceiling before the deadline could pose a challenge to capital-intensive businesses such as industrial suppliers, a body representing construction and farm equipment makers said.

newspaper

24-05-2023

Allkem, set for merger, talks up Argentina's 'enormous' lithium riches

Australian-based lithium miner Allkem Ltd, set for a $10.6 billion merger with U.S.-based Livent Corp, sees "enormous" opportunity in Argentina, a top executive said on Tuesday.

newspaper

23-05-2023

Judge throws out shareholder lawsuit against Elon Musk over Twitter buyout

A judge dismissed a proposed class-action lawsuit against Elon Musk that claimed he cheated Twitter shareholders several times last year in the course of buying the social media company for $44 billion.

newspaper

23-05-2023

Judge tosses out some claims in Abbott baby formula litigation

Abbott Laboratories persuaded a federal judge to dismiss some claims in nationwide litigation over recalled baby formula.

newspaper

23-05-2023

Judge tosses some claims in Abbott baby formula litigation

Abbott Laboratories persuaded a federal judge to dismiss some claims in nationwide litigation over recalled baby formula.

newspaper

22-05-2023

Meta hit with record $1.3 billion fine over data transfers

DUBLIN (Reuters) -Meta was hit with a record 1.2 billion euro ($1.3 billion) fine by its lead European Union privacy regulator over its handling of user information and given five months to stop transferring users' data to the United States.

newspaper

22-05-2023

Facebook given record $1.3 billion fine, given 5 months to stop EU-US data flows

Meta was hit with a record 1.2 billion euro ($1.3 billion) fine by its lead privacy regulator in the European Union for its handling of user information and given five months to stop transferring users’ data to the United States.

newspaper

22-05-2023