In desperate bid for cash, the Treasury is auctioning one-day bills
For the first time since 2007, the Treasury Department is auctioning bills that mature in one day. The department is set to auction $15 billion worth of one-day cash management bills on Friday that will be issued on June 5.
2023-06-02 05:50
Explainer-Can a New York state law solve an emerging markets debt crisis?
By Rodrigo Campos and Jorgelina do Rosario NEW YORK/LONDON A bill backed by debt justice campaigners and civil
2023-06-01 13:27
Exxon shareholders reject climate proposals from activist in annual meeting
By Sabrina Valle HOUSTON Exxon Mobil Corp. shareholders on Wednesday supported the company's energy transition plans, voting against
2023-06-01 00:18
House to vote on debt limit deal as lawmakers race to avert default
The House of Representatives is on track to vote Wednesday on a bill to suspend the nation's debt limit through January 1, 2025, as lawmakers race to prevent a catastrophic default.
2023-05-31 17:15
Court grants Sackler family immunity in exchange for $6 billion opioid settlement
Members of the billionaire Sackler family will be protected from current and future lawsuits over their role in their Purdue Pharma's opioid business, a New York court of appeals ruled Tuesday.
2023-05-31 07:54
Yields on bills due in June fall on debt deal optimism
Yields on Treasury bills that are due in early June dropped on Tuesday on optimism that Congress will
2023-05-30 20:51
Debt ceiling deal exposes Biden and McCarthy's weaknesses with their parties' extremes
President Joe Biden and House Speaker Kevin McCarthy convinced themselves of a compromise deal to slow federal spending and replenish the near-empty treasury with borrowed cash.
2023-05-30 12:23
31 billionaires are worth more than the US Treasury has in cash
Cash levels at the US Treasury are tumbling toward a dangerously low level as Washington waits until the last minute to raise the debt ceiling.
2023-05-30 01:58
South Africa's central bank flags risks of capital outflows and sanctions
JOHANNESBURG South Africa's central bank has warned of risks to the country's financial stability, due to capital outflows
2023-05-29 23:24
Private jets get a bad rap. This company is trying to make them greener
Private aviation company Jetex is deploying sustainable aviation fuels, and making its terminals more sustainable.
2023-05-29 16:16
Exclusive-Slimmed-down U.S. debt ceiling deal takes shape -sources
By Nandita Bose and Jarrett Renshaw WASHINGTON U.S. President Joe Biden and top Republican lawmaker Kevin McCarthy are
2023-05-25 23:52
Ackman calls out Icahn's IEP over high premium after Hindenburg report
Bill Ackman questioned the valuation of Carl Icahn's flagship firm as he took another jab at his old
2023-05-25 06:47