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Lebanon banks set for shake-out under sovereign debt revamp

Lebanon’s banks are poised for a major shake-out as a planned restructuring of government debt is set to leave many financial players illiquid, say bankers. Banks are the largest creditors of the government, which is set to default after saying it would stop paying its foreign currency...

US officials say US troops killed, injured in Iraq attack

Three service members were killed, including two Americans, and a dozen more were injured when a barrage of rockets were fired at a military base in Iraq, U.S. officials said Wednesday. One of the officials said five service members were seriously wounded and evacuated from the Camp...

Wall Street down more than 5 pct as stakes rise in pandemic

Stocks are tumbling again Wednesday, and indexes lost 5 percent as Wall Street keeps reeling on worries about the coronavirus. The losses deepened after health authorities declared the crisis a pandemic, and the U.S. stock market came to the brink of ending one of its greatest-ever runs....