Search results for "U.S."

Credit Suisse Hampered Internal Probe Into Nazi-Linked Accounts, U.S. Senators Say

A committee of U.S. lawmakers on Tuesday said troubled Swiss bank Credit Suisse Group hampered a multiyear investigation into the servicing of Nazi clients and Nazi-linked accounts. Credit Suisse commissioned an investigation into allegations levied by a human rights organization that the bank held potential Nazi-linked accounts and failed to disclose them, even during Holocaust-related […]

Major Currencies Steady Ahead of Key U.S. Inflation Data

Major global currencies including the U.S. dollar were steady on Wednesday ahead of U.S. inflation data which investors will scrutinise for clues as to when the Federal Reserve could end its rate hiking cycle. The March inflation reading, due at 1230 GMT, is forecast to come in at 5.2% year on year, down from 6.0% […]

U.S. House to Vote on Bill to Address Potential Huawei, ZTE Threats

The House of Representatives is set to vote next week on a bill to crack down on Chinese telecommunications companies Huawei and ZTE Corp that have been deemed security threats by the U.S. government. The House said on Tuesday it will take up a bipartisan bill called the Countering Untrusted Telecommunications Abroad Act that would […]

U.S. War on Chinese Hardware and Software

The U.S. war on China goes beyond Chinese hardware to now include its software. Can we afford slowing down technological advancements? The U.S. is not a fan of Chinese technology operating on its soil as it “strongly believes” that that could open it up to Chinese surveillance. And to drive that point home, late last […]

U.S. Proposes Tighter Mercury, Air Toxics Standards for Power Plants

The U.S. Environmental Protection Agency said on Wednesday it is proposing tighter standards for mercury and other toxic emissions from coal plants for the first time in a decade, putting pressure on the country’s dirtiest power plants to clean up. The proposal would lower the emissions limit for filterable particulate matter, which includes mercury and […]

Deutsche Telekom Reaches Majority Stake in T-Mobile U.S. - CEO

 Deutsche Telekom now holds a majority in T-Mobile U.S., the chief executive of the German telecoms company said on Wednesday. The company reached a majority stake in T-Mobile U.S late Tuesday, CEO Tim Höttges said at the company’s annual general meeting. “We have the majority and are the largest shareholder of the world’s most valuable […]

Stocks, Yields Fall; Data Suggests U.S. Economy Cooling

World stock indexes declined on Tuesday, with all three major U.S. stock indexes ending lower, while the U.S. dollar fell to a two-month low and Treasury yields eased after data suggested a cooling in the U.S. labor market. The U.S. Labor Department report showed U.S. job openings in February dropped to the lowest level in […]