CDM

TL/DR - Moody's, a credit rating agency, warned that a potential U.S. government shutdown could negatively impact the nation's credit. The warning comes a month after Fitch downgraded the U.S. by a notch due to a debt ceiling crisis. A…

# Bank of Montreal to Wind Down Retail Auto Finance Business In an announcement on Saturday, Canada's third largest bank, the Bank of Montreal (BMO), disclosed plans to wind down its retail auto finance business. As part of a strategic…

# Royal Bank of Canada to Cut Jobs Amidst Warnings of Economic Softening The Royal Bank of Canada (RBC), Canada's largest bank, has warned of a potential economic downturn and announced plans to cut approximately 1,800 jobs to reduce…

Evergrande, the embattled Chinese developer, has filed for bankruptcy protection in the United States as part of a massive debt restructuring effort. The move comes as concerns mount over China's deteriorating property crisis and its…

# Asian Shares Plunge Amid Concerns Over China's Economy Asian shares are headed for their third consecutive week of losses, as concerns over China's economy and fears of prolonged high U.S. rates continue to impact the market. The MSCI's…

China Evergrande Group, the world's most heavily indebted property developer, has filed for protection from creditors in a U.S. bankruptcy court, signaling the deepening of China's property sector crisis. The company, which has become a…

Revised U.S. Bond Market Strategy Amid Economic Resilience U.S. bond investors are adjusting their strategies in light of an unexpectedly resilient economy that looks set to keep interest rates higher for longer. Previously, defensive…

Junta Detains More Politicians in Niger, Defying Calls for Democracy Restoration NIAMEY, July 31 (Reuters) - The junta that seized power in Niger last week detained three additional senior politicians from the ousted government on Monday,…

Real estate mogul Ron Weiser, one of the largest donors to the Michigan Republican Party, has decided to halt his funding due to concerns about the party's stewardship. Weiser, the former chair of the party, disagrees with Republicans who…

Oil prices have declined as concerns over China's economy have outweighed OPEC+ output cuts and the seventh straight drop in the number of oil and gas rigs operating in the United States. Brent crude fell 0.7% to $76.07 a barrel, while…