FILE PHOTO: Vanke sign is seen above workers working
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FILE PHOTO: A Vanke sign is seen above workers working at the construction site of a residential building in Dalian, Liaoning province, China September 16, 2019. REUTERS/Stringer/File Photo
By Heather Timmons WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell told Congress on Tuesday that the U.S. economy is in a good place, even as he cited the potential threat from the coronavirus in China and concerns about the economy’s long-term health. With risks like trade policy uncertainty receding and global growth stabilizing, “we […]
By Tom Sims and Patricia Uhlig FRANKFURT (Reuters) – Deutsche Bank <DBKGn.DE> plunged to a bigger than expected loss of 5.7 billion euros ($6.3 billion) last year, its fifth in a row, as the cost of its latest turnaround attempt hit earnings. Misconduct scandals, a failed attempt to take on Wall Street heavyweights and, more […]
LONDON (Reuters) – Britain’s Lloyds Banking Group <LLOY.L> suffered an outage on Wednesday that left customers of its Lloyds, Halifax and Bank of Scotland operations unable to access accounts online for several hours. Disruption to online services is a periodic problem for Britain’s banks, and last month regulators told lenders they needed to resolve problems […]
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