A U.S. magistrate judge improperly denied release to a father and son wanted by Japan on charges that they helped sneak former Nissan Motor Co. Chairman Carlos Ghosn out of that country, their attorneys have said.
Lawyers for Michael and Peter Taylor urged U.S. District Judge Indira Talwani to immediately free the men on bail. Their lawyers insisted the Taylors have no plans to flee the U.S. as they fight their extradition to Japan, noting that the men returned to Massachusetts from Lebanon earlier this year, even though they knew Japan was seeking their arrest.
Full StoryDeutsche Bank reported a net loss of 77 million euros ($90 million) for the second quarter of 2020 on Wednesday, as the fallout from the coronavirus forcing it to more than quadruple its risk provisions.
The net loss attributable to shareholders was partly down to the group setting aside 761 million euros to meet potential credit losses risks -- more than four times more than during the same period last year.
Full StoryGold chalked up another record Tuesday as the dollar extended losses and traders rushed into safe havens as fears about the coronavirus pandemic mounted, while equity markets rose on hopes for a fresh US stimulus package and more Federal Reserve largesse.
With worrying new spikes in COVID-19 in Asia and Europe -- on top of the already high new US cases -- forcing governments to impose strict containment measures, the global economic outlook remains clouded, putting the brakes on a months-long stocks rally.
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The price of gold surged to a record above $1,926 per ounce on Monday as investors moved money into an asset seen as a safe haven amid jitters about U.S.-Chinese tension and the recovery from the coronavirus pandemic.
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The Federal Reserve meets next week amid mixed signals on the health of the US economy, with some sectors bouncing back from the coronavirus-caused downturn and others struggling.
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Jordan will reopen its airports to commercial flights next month after a near five-month shutdown imposed to stem the spread of the coronavirus, an official said Sunday.
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Russia's central bank on Friday cut its key rate by 0.25 points to 4.25 percent -- its lowest in recent history -- to speed economic recovery after coronavirus lockdowns.
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Wall Street stocks fell again in early Friday trade amid soaring U.S.-China tensions and weakness in technology shares, including in Intel, which plunged amid production delays.
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Sales of new homes in the United States jumped 13.8 percent in June from the previous month, the Commerce Department said on Friday.
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Business activity in the 19-nation eurozone is increasing for the first time since February, before the coronavirus lockdown, according to a survey of purchasing managers by IHS Markit.
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