Wednesday, 27th, 2024 | 7:53AM Updated

The logo of defence group Leonardo in Geneva, Switzerland,
Italy's Leonardo in surprise U-turn on U.S. unit listing

Italy's Leonardo shelved a listing of its U.S. electronics unit DRS in a surprise move that sent shares in the defence and aerospace firm down on Wednesday.

U.S. Treasury Secretary Janet Yellen, the former Federal Reserve chair, holds a news conference after a two-day Federal Open Market Committee (FOMC) meeting in Washington, U.S.
Yellen now open to U.S. bank dividend payouts, stock buybacks

Treasury Secretary Janet Yellen on Wednesday said U.S. banks look healthy enough to be allowed to pay dividends and repurchase stock, an updated view that reflects top economic officials' growing confidence in the recovery from the coronavirus pandemic.

A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken
Wealth managers still in crypto 'education mode', Fidelity says

Most wealth managers and financial advisors are still in "education mode" on cryptocurrencies but demand for the emerging asset class among larger investors has grown, the boss of Fidelity Investments' institutional arm said on Tuesday.

U.S. Treasury Secretary-designate Janet Yellen in Wilmington, Delaware, U.S.
Yellen says post-crisis plans will move to infrastructure, taxes

Treasury Secretary Janet Yellen said on Tuesday the U.S. economy remains in crisis from the pandemic even as she defended developing plans for future tax increases to pay for new public investments.

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People are seen on Wall St. outside the New York Stock Exchange (NYSE) in New York City, U.S.,
Wall Street closes up on tech rebound; Tesla gains

Wall Street rallied on Monday as technology stocks rebounded from a recent selloff sparked by surging bond yields and Tesla jumped after a fund run by an influential investor in the electric-car maker said its shares could approach $3,000 by 2025.

Workers relax during a break outside Amazon's distribution centre in Passo Corese, Italy
Amazon workers strike in Italy over pandemic-driven delivery demands

Amazon workers in Italy went on a 24-hour strike on Monday in the first such action by the U.S. company's entire logistics operation in the country, including third-party delivery service providers.

People stand next to the window of a fashion boutique in a shopping district in Tokyo, Japan,
Big fashion companies lag behind on green targets

The 15 largest listed fashion companies are lagging behind when it comes to meeting the social and environmental targets of the Paris climate agreement and UN Sustainable Development Goals, a new report by the Business of Fashion said on Monday.

The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018.
Former U.S. Fed employee pleads guilty to stealing bank stress test data

A former Federal Reserve employee pleaded guilty to stealing dozens of restricted documents, including bank stress test data, after he decided to leave the board following a poor performance review, U.S. prosecutors said on Friday.

A Visa credit card is seen on a computer keyboard in this picture illustration taken
U.S. Justice Department probing Visa over debit practices

The Justice Department is looking at Visa Inc's debit practices, the company said on Friday, after reports the United States was investigating whether the credit card company uses anticompetitive practices in the debit-card market.

The Federal Reserve building is pictured in Washington, DC, U.S.
Analysis: Fed move eases pressure on money funds, but more may be needed

The Federal Reserve’s decision on Wednesday to raise the maximum amount money funds can lend into its reverse repurchase agreement facility should ease some stresses for money market funds that are struggling with too much cash and too few places to park it.

Pipes for the Nord Stream 2 Baltic Sea pipeline are stored on a site at the port of Mukran in Sassnitz, Germany,
Blinken warns entities involved in Nord Stream 2 pipeline to immediately quit

The U.S. State Department is tracking efforts to complete Russia's Nord Stream 2 natural gas pipeline and evaluating information on entities that appear to be involved, U.S. Secretary of State Antony Blinken said on Thursday.

U.S. House Speaker Nancy Pelosi (D-CA), with Rep. Jerry Nadler (D-NY), Rep. Veronica Escobar (D-TX), Rep. Carolyn Maloney (D-NY), Rep. Jackie Speier (D-CA), Rep. Brenda Lawrence (D-MI)
U.S. House passes resolution aimed at advancing Equal Rights Amendment

The Democratic-controlled House of Representatives voted on Wednesday to remove a decades-old deadline for adopting the Equal Rights Amendment, in hopes of finally formally protecting women's rights in the U.S. Constitution.

U.S. One dollar banknotes are seen in front of displayed stock graph in this illustration taken,
U.S. dollar little changed ahead of Fed meeting outcome

The dollar was little changed to slightly higher on Tuesday in quiet trading, with currencies generally lacking direction as market participants awaited the outcome of a Federal Reserve meeting for clues as to where U.S. interest rates are headed.

Stripe app logo is displayed in this illustration taken
Stripe's value hits $95 billion after payment giant's latest fundraising

Digital payments giant Stripe's value soared to $95 billion after it capitalised on a boom in ecommerce with a round of funding that pushed it past Elon Musk's SpaceX as the most valuable U.S. startup.

The logo of car manufacturer Tesla is seen at a branch office in Bern, Switzerland
U.S. safety agency probes 'violent' Tesla crash in Detroit

The U.S. auto safety agency said on Monday it is investigating a crash in Detroit on Thursday involving a Tesla that became wedged underneath a tractor-trailer and reportedly left a woman in critical condition.

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