By Kirsti Knolle Gaston Glock, the reclusive engineer and tycoon who developed one of the world's best-selling handguns, died on Wednesday aged 94, Austrian news agency APA said. The Austrian won loyal followings among police and military across the world with the...
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Business
US banks’ NIM to remain under pressure despite expected Fed rate cuts – S&P
(Reuters) - U.S. banks whose net interest margins (NIM) have been compressed due to higher funding costs are unlikely to see relief before the end of 2024 even if the Federal Reserve cuts rates, research and data analytics firm S&P Global Market Intelligence said...
US buys 3 million barrels of oil for strategic reserve
(Reuters) - The United States has finalized contracts to purchase three million barrels of oil to help replenish the Strategic Petroleum Reserve (SPR) after the largest sale in history last year, the U.S. Department of Energy said on Tuesday. The department said it...