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China sacks senior officials for deadly factory blast

China's government has sacked two senior officials and will prosecute 18 others following an explosion in August at a car parts factory that killed 146, the country's worst industrial accident this year, state media reported.

Fitch: MetLife's SIFI Designation Is Credit Neutral

(The following statement was released by the rating agency) CHICAGO, December 22 (Fitch) Last week's decision by the U.S. Financial Stability Oversight Council (FSOC) to designate MetLife (Insurer Financial Strength: AA-, Stable Outlook) a nonbank systematically important financial institution (SIFI) is neutral to the credit ratings of the company, says Fitch Ratings. The FSOC had already announced a preliminarily decision to designate MetLife a nonbank SIFI on Sept. 4; thus, the FSOC's re


Congress scrambles to pass funding bill before Friday deadline

WASHINGTON The U.S. Congress was racing on Thursday to approve a massive spending bill and send it to President Donald Trump for enactment before a midnight Friday government shutdown deadline, in a move that would significantly boost defense and non-military funding through Sept. 30.