Latest Currency markets News
Near 'cliff's edge,' Credit Suisse not seen as systemic risk
GENEVA (AP) — Longtime troubles at Credit Suisse came to a head this week with a record stock plunge that spread fears of a banking crisis jumping from the U.S. to Europe. But the problems have been building for years at Switzerland’s second-largest bank, ranging from bad bets on hedge funds to...
Pope sought to lose 'as little as possible' in London deal
VATICAN CITY (AP) — Pope Francis gave clear indications to get out of a disastrous London real estate deal by saying the Vatican must “start over and lose as little money as possible," an exit strategy that eventually involved paying off a broker 15 million euros, the Holy See’s No. 3...
Pfizer buys Seagen for $43B, boosts access to cancer drugs
Pfizer is spending about $43 billion to reach deeper into new cancer treatments that target tumor cells while sparing surrounding healthy tissue. The pharmaceutical giant said Monday it will pay $229 in cash for each share of Seagen Inc. Pfizer then plans to let the biotech drug...
A box office K.O.: ‘Creed III’ debuts to $58.7 million
“ Creed III ” punched above its weight at the domestic box office in its first weekend in theaters. The MGM release knocked “Ant-Man and the Wasp: Quantumania” out of first place and far surpassed both industry expectations and the opening weekends of the first two movies in the franchise....
Stoneridge: Q4 Earnings Snapshot
NOVI, Mich. (AP) — NOVI, Mich. (AP) — Stoneridge Inc. (SRI) on Wednesday reported net income of $273,000 in its fourth quarter. The Novi, Michigan-based company said it had profit of 1 cent per share. Earnings, adjusted for non-recurring costs, were 11 cents per share. ...
Iran's currency hits new low amid anti-government protests
DUBAI, United Arab Emirates (AP) — Iran’s currency fell to a new record low on Sunday, plunging to 600,000 to the dollar for the first time as the effects of nationwide anti-government protests and the breakdown of the 2015 nuclear deal continued to roil the economy. Iranians...
Magnite: Q4 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Magnite, Inc. (MGNI) on Wednesday reported a fourth-quarter loss of $36.4 million, after reporting a profit in the same period a year earlier. On a per-share basis, the New York-based company said it had a loss of 27 cents. Earnings, adjusted for...
New Zealand hikes key interest rate to 4.75% despite cyclone
CHRISTCHURCH, New Zealand (AP) — New Zealand's central bank raised its benchmark interest rate by a half-point Wednesday to 4.75% as it continues trying to wrestle down inflation. The increase, which can raise the borrowing costs for consumers on everything from credit cards to...
FTX bankruptcy judge denies request for independent examiner
DOVER, Del. (AP) — The judge presiding over the bankruptcy of cryptocurrency exchange FTX has denied a request by the U.S. bankruptcy trustee to appoint an independent examiner in the case. The trustee, who serves as a government watchdog in Chapter 11 reorganizations, argued that...
Patria Investments: Q4 Earnings Snapshot
GRAND CAYMAN, Cayman Islands (AP) — GRAND CAYMAN, Cayman Islands (AP) — Patria Investments Ltd. (PAX) on Tuesday reported net income of $46.5 million in its fourth quarter. On a per-share basis, the Grand Cayman, Cayman Islands-based company said it had net income of 31 cents....
