Business
Major US market indices fell significantly, with the S&P 500 reaching a six-month low. This slump coincides with growing concerns about a probable US...
Hi, what are you looking for?
slide 3 of 2
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle
- Entrepreneurship
- Technology
- Economy
- Politics
- Finance
- Cryptocurrencies
Solana Memecoin Cabals Disrupt Crypto Frontier
Former Binance CEO Changpeng Zhao inspires flood of ‘Broccoli’ memecoins: ‘I am just posting my dog’s picture’
Coinbase posts near-record results, but stock slumps on concern over temporary ‘Trump bump‘
Coinbase posts $TKB in Q4 revenue on back of crypto bull market
Who is Alexander Vinnik, the Bitcoin criminal Trump freed in a prisoner exchange with Russia?
- Lifestyle
Fans react after Usher’s 2024 BET Awards speech is muffled.
Alcaraz makes early entry into all-court elite with French Open victory.
Meghan’s Lifestyle Brand Takes Off with Its Premier Product
Female Power: Songwriter Conquers Male Competition in Video Gaming
Ukrainian Amputee’s Survival: The Inspirational Role of His Wife’s Voice
- People
Timothée Chalamet jokes about Dune popcorn bucket, constantly losing at award shows in SNL open
UK’s King Charles urges compassion and care for the environment in times of conflict
In Christmas Day message, pope decries Gaza’s ‘appalling harvest’ of civilian deaths
An ex-FBI official is to be sentenced in the US over work for Russia’s Deripaska
A Ukrainian teen returns to Ukraine after being taken to Russia from occupied Mariupol
All posts tagged "Finance"
Finance
The insurance industry's shift toward securitized debt, driven by soaring annuity demand, underscores its focus on long-term financial security. Investments in asset-backed securities and...
Finance
Blackstone Inc. predicts a surge in mergers and acquisitions (M&A) for 2025, fueling record collateralized loan obligation (CLO) issuance. With tightened spreads on AAA-rated...
Business
Alphabet Inc. reached a major milestone as its shares closed above $200 for the first time, driven by a strong focus on AI innovation...
Business
In 2024, electrified vehicles hit a milestone, accounting for 20% of U.S. new car sales. With 3.2 million EVs and hybrids sold, Tesla led...
Finance
The Bank of Korea unexpectedly held rates at 3%, citing economic and political uncertainty, including President Yoon’s arrest. Amid modest export recovery and faltering...
Business
Citigroup’s impressive Q4 2024 results mark a remarkable turnaround under CEO Jane Fraser’s leadership. With a $2.86 billion net income, 12% revenue growth, and...
Business
Wells Fargo closed 2024 with stellar results, exceeding earnings expectations and delivering $5.1 billion in net income—a 47% YOY increase. Under CEO Charlie Scharf’s...
Technology
Anthropic stated on Thursday that the advantages of California’s updated measure, which aims to control the development and deployment of artificial intelligence within the...
Economy
Friday saw dollar weakness as investors braced for Jackson Hole address by Federal Reserve Chair Jerome Powell, while the yen topped other currencies in...
Business
Six individuals, including British IT entrepreneur Mike Lynch and his 18-year-old daughter, went missing when the luxury yacht Bayesian went down early Monday morning...
Economy
Elon Musk’s daughter, Vivian Jenna Wilson, has spoken out against her father’s recent transphobic comments. Wilson is the daughter of Elon Musk and X,...
Business
The Oversight Board reported Thursday that Meta failed to remove an explicit, AI-generated image of an Indian public figure until it was questioned by...
Economy
Home Depot says people are less likely to spend money on home improvements because they are unhappy with the economy. The big store for...
Economy
As a venture capitalist, JD Vance often talked about the rules he followed when investing in a business: the company should not only make...
Politics
Harris has a different tone than Biden when she talks about Gaza and other Middle East problems, but her policies are exactly the...
Politics
In recent years, some Black voters have left Democrats. Will Kamala Harris convince them to vote Democratic again? Kamala Harris replaced Joe Biden...
Business
US auto regulator initiates investigation into more than 330,000 Hyundai SUVs regarding safety belts
U.S. auto safety regulators announced on Friday the preliminary evaluation of about 332,288 Hyundai SUVs in the US regarding a potential defective seat belt....
Business
Retail investors were buyers during the recent rollercoaster in U.S. stock markets, taking advantage of a sharp decline in popular tech shares, according to...
Business
Thyssenkrupp said on Saturday that its steel business needs to be reorganized so that it can use its own earnings to pay for investments....
Business
U.S. short-seller Hindenburg Research claimed that India’s market regulator head, Madhabi Puri Buch, invested in Adani Group-used offshore funds. Buch rejected the report’s charges...
Business
As production of the Ram 1500 Classic vehicle comes to a close, Stellantis the parent company of Chrysler, is ending production and potentially laying...
Business
According to research, retail investors bought prominent tech shares during the recent U.S. stock market rollercoaster, taking advantage of a severe collapse. They also...
Business
Lufthansa’s Disco Lufthansa’s leisure subsidiary, Discover Airlines, has agreed to raise pay for workers in the cockpit and the cabin. This is the first...
Business
Industry data suggests that Chinese airlines are gaining market share on international routes due to weak Chinese travel demand, increased costs, and longer flight...
Economy
As retailers prepare for a possible port worker strike and Red Sea attacks ahead of a curtailed holiday shopping season, they are stoking a...
Business
According to data, analysts, and industry sources, global oil demand growth must quicken in the coming months, or the market would struggle to absorb...
Finance
The probability of a recession is uncertain and cannot be accurately predicted. Goldman Sachs has increased the probability of a U.S. recession to 25%....
Business
Indian baby items store FirstCry raised $501 million after a slow start. The IPO raised $3.36 billion on Thursday as investors bet on infant...
Economy
A severe U.S. employment market slowdown that sparked days of global stock-market turbulence also raised speculation that the Federal Reserve may lower rates before...
Business
It is quite ironic how the recent surge of volatility caught financial markets off guard, despite its predictable nature. Trades that are only viable—and...
Politics
Democrats and Republicans fight over issues in presidential elections. They also downplay common ground. Priorities shift; parties waiting for a decisive election wish to...
Business
In premarket trading on Wednesday, shares of Airbnb fell about 16%. The online travel company had already predicted lower revenue for the third quarter,...
Business
The New York Time easily surpassed predictions for digital subscriber growth in the second quarter, thanks to its policy of bundling services and strong...
Business
Walt Disney reported on Wednesday quarterly earnings that exceeded Wall Street expectations, buoyed by the success of animated Pixar film “Inside Out 2”, which...
Business
After industry worries that some biodiesel producers may be using false feedstocks to obtain lucrative government subsidies, the U.S. Environmental Protection Agency has investigated...
Business
The aftermarket share price for healthcare provider DaVita increased 3% on Tuesday after the firm boosted its profit prediction for 2024. The business is...
Politics
Democratic presidential contender Kamala Harris chose Minnesota Governor Tim Walz as her running mate on Tuesday, choosing a progressive policy advocate and a simple...
Business
Analysts believe a recent crash in foreign equity markets is more due to investors winding down carry trades than a shift in the U.S....
Economy
Family members prayed and honored Patricia Portillo and Brayan Godoy. On Saturday, people gathered outside a closed Las Colinas Chick-fil-A to memorialize two employees...
Technology
South Dallas AT&T customers lose service following copper cable theft. Due to copper wire theft, AT&T customers in South Dallas are experiencing lengthy service...
Technology
Elon Musk said on Wednesday on social media platform X that Dell Technologies and Super Micro Computer would supply server racks for his artificial...
Business
On Friday, Renault-backed premium EV company BeyonCa and Dongfeng Motor announced plans to build Hong Kong’s first vehicle brand’s final assembly factory and worldwide...
Politics
After Biden failed to fend off Trump’s accusations and bogus allegations, his aides rushed to control the repercussions. Trump Media & Technology Group which...
Technology
A corporate spokesman told a parliamentary committee on Friday that Facebook owner Meta may restrict Australian news material if the government requires licensing payments....
Economy
President Luiz Inacio Lula da Silva signed a decree on Wednesday setting a continuous inflation objective beginning in 2025 with quarterly central bank accountability....
Economy
Beginning Friday, JPMorgan’s widely followed developing market debt index will include India’s government bonds. The September shift allowed billions of dollars to enter the...
Business
Three sources claimed banks advising Hyundai on its India IPO may gain $40 million in fees, a windfall in a sector where banks struggle...
Business
A liquidation action against Chinese property developer Shimao Group has been rescheduled until July 31 as the business has again extended a deadline...
Economy
Some experts fear a rare unexpected adjustment to Japan’s first-quarter GDP may sharply reduce the central bank’s growth expectations and the timing of its...
Economy
Forecasts for an inventory decrease during the third quarter peak summer demand season and geopolitical uncertainties from the Middle East war kept Brent oil...
Business
European stock markets fell on Wednesday ahead of a French election and a major U.S. inflation figure, as the yen fell to its lowest...
Business
Wall Street’s major indexes began lower on Wednesday as semiconductor and megacap companies gave up early gains, with investors anticipating a key inflation data...
Economy
On Wednesday, the yen fell to its lowest level versus the dollar since 1986, leaving currency markets on edge for any hints of Japanese...
Business
Tesla said on Tuesday that it was recalling most Cybertrucks in the United States because of problems with its windshield wipers and external trim,...
Economy
According to two sources, RTX Corp subsidiary Collins Aerospace is in talks with NASA to cancel its contract to build new spacesuits for International...
Business
The Dow fell as retailers dragged and investors waited for critical inflation data this week, while the Nasdaq rose 1.3% on Tuesday, led by...
Business
On Tuesday, Nvidia shares rose nearly 7% after a three-session downturn that destroyed $430 billion from the artificial intelligence chipmaker’s market worth. Nvidia’s shares...
Business
Amazon CEO Andy Jassy emailed employees revised return-to-work guidelines in February 2023. Starting on May 1, 2023, most Amazon employees were required to work...
Business
Elon Musk helps me understand which laws in America are complex (contract law, possibly copyright law) and which are conventions. If you’re rich...
Business
Henrik Fisker attempted to emulate Elon Musk’s charisma but failed. Like other electric vehicle companies, we have faced various market and macroeconomic headwinds that...
Business
The Model Y’s 12-volt battery, which powers doors and windows, failed. A 20-month-old toddler was rescued after becoming stuck in a Tesla Model Y...
Technology
The e-commerce company claims to have already replaced 95 percent of plastic air packing with totally recyclable paper filler. Amazon is on pace to...
Business
Spotify just hiked fees, but there is a new, lower-cost tier for ad-free music. Spotify recently stated that it will raise costs in the...
Business
President Joe Biden’s administration on Thursday prohibited Russia-based cybersecurity company Kaspersky from selling its popular antivirus software in the United States due to...
Business
A Chinese “underground banking” network is suspected by the US of aiding Mexico’s Sinaloa narcotics cartel in money laundering and other crimes. The DoJ...
Technology
Last week, Apple became the latest mobile phone vendor to announce AI for its OS. Siri will include Apple Intelligence to simplify phone use....
Business
Family members of two Boeing 737 Max plane crash victims demand prosecution and $24.8bn for “the deadliest corporate crime in US history.” For the...
Politics
Officials in Tamil Nadu reported 34 deaths from poisonous bootleg alcohol. Several Kallakuruchi locals were ill after drinking alcohol on Tuesday night. At least...
Technology
Microsoft hired Inflection’s co-founders and other employees to manage its Copilot program in March, and Inflection claimed that its AI model will...
Business
They book an Uber on the app like other passengers and get in the rear. The tone changes midway through the ride and they...
Business
Thursday’s US District Court for the Northern District of Texas judgment sets the timetable for a high-profile battle over Media Matters’ study on social...
Business
Samsung Electronics’ South Korean labor union reported numerous workers striking Friday, the first in the company’s 55-year history. After failed negotiations over salary and...
Business
Lynch was acquitted on all 15 charges—one conspiracy and 14 wire fraud—according to Lynch and US prosecutors. The Lynch representation stated that former Autonomy...
Technology
The startup behind You.com is receiving $50 million in new funding, according to a source familiar with the matter, as it looks to establish...
Technology
Alphabet YouTube will soon allow users to contribute ‘notes’ that provide context to some of its videos as part of a new feature that...
Economy
Schibsted a Norwegian online classifieds organization, will lose approximately 250 jobs in the Nordic region as part of a restructuring plan to decrease costs...
Economy
On Monday, the U.S. government sued Adobe for hiding high termination fees in its most popular membership plan and making cancellations difficult. The Federal...
Politics
NATO partners have announced the first recipients of their one billion euro ($1.1 billion) innovation fund. The alliance announced the fund in summer 2022,...
Economy
In response to electric vehicle export limits, China has launched an anti-dumping investigation against EU pork and byproducts, targeting Spain, the Netherlands, and Denmark....
Economy
If his economic projection holds, Philadelphia Fed President Patrick Harker indicated Monday that the Fed could drop its benchmark interest rate once this year....
Politics
Senator Sherrod Brown’s office announced that Federal Reserve Chair Jerome Powell will make his semiannual monetary policy testimony at the Senate Banking Committee on...
Finance
The S&P 500 and Nasdaq closed at new highs on Monday as technology companies rose on artificial intelligence euphoria ahead of this week’s economic...
Finance
On Monday, Temasek Holdings announced it will invest up to A$300 million ($198.4 million) in Betashares, an Australian exchange-traded fund manager. Betashares stated that...
Technology
On Friday, three sources said Apple and Meta Platforms will likely face prosecution for violating historic EU laws meant to limit their dominance before...
Technology
The company’s board president said Friday that Tesla will utilize Thursday’s strong backing for Elon Musk’s $56 billion compensation deal to persuade a Delaware...
Economy
The dollar held steady on Monday as the euro stayed near a more than one-month low amid political uncertainty in Europe and investors awaited...
Economy
Six months ago, the world’s leading central banks prepared for a global reduction in interest rates that would cut borrowing costs and increase lending...
Finance
while political uncertainty in Europe depressed risk appetites and put the euro on the defensive. Chinese blue chips slipped 0.2% in May as retail...
Finance
On Friday, investors abandoned financial and oil stocks in favor of technology stocks, sending Canada’s main stock index to a three-month low. The S&P/TSX...
Finance
On Friday, cooling economic data, a hawkish Federal Reserve, and European political crises drove U.S. markets down, gold up, and European stocks down their...
Cryptocurrencies
Last Friday, New York Attorney General Letitia James disclosed that Gemini Trust has disbursed $50 million as restitution to investors who were deceived in...
Technology
According to The Information, OpenAI CEO Sam Altman informed some shareholders that the company is exploring shifting its governance structure to a for-profit business...
Technology
Microsoft will not include “Recall,” an AI-powered tool that tracks computer activity, with its new computers next week but will instead test it with...
Technology
Meta Platforms has decided to temporarily halt its Meta AI models in Europe after the recommendation of the Irish Privacy Commission to delay the...
Politics
Federal Reserve officials say inflation has dropped closer to their objective in recent months but anticipate cutting their benchmark interest rate once this year....
Business
Due to increasing demand for fresh produce, food sales rose 5%. Tesco Finest sales increased “strongly” as buyers sought premium products. Kantar reported that...
Business
The 50-year U.S.-Saudi petrodollar deal expired recently. Global crude oil transactions employ the U.S. dollar, known as the “petrodollar”. After the U.S. left the...
Finance
Nvidia shares will drop to 10% of last week’s price for good cause. On the first trading day of today, Nvidia stock is...
Finance
The S&P 500 and Nasdaq set record closing highs for a fourth straight day on Thursday as technology shares maintained their climb. Last week,...
Business
Tesla shareholders approved Elon Musk’s $56 billion remuneration proposal, a vote of confidence in his leadership and an incentive to focus on the electric...
Technology
Amazon announced that it is investing $230 million in the form of Amazon Web Service (AWS) credits in artificial intelligence firms, the latest example...
Business
British money transfer company Wise forecast a weaker than expected outlook for profits on Thursday, sending its shares down more than 20%. The company...
Politics
In mid-May, a group of Hispanic day laborers were given $20 each to parade in front of the White House with banners reading “I...
Business
The US Senate Finance Committee chairman has broadened BMW’s probe after the automaker imported automobiles using banned Chinese parts. Sen. Ron Wyden wrote to...
Economy
This month’s figures continue to show signs that the labor market may be cooling, with the number of vacancies still falling and unemployment rising....
Business
On Sunday, Keith Gill, the “Roaring Kitty” meme stock investor who revived GameStop and AMC Entertainment share trading last month, reported on Reddit that...
Business
Chanel’s chief designer’s early Thursday resignation shook the $1.62 trillion luxury goods market at a time when all major global firms are at a...
Business
Saudi Aramco shares rose on Sunday, the first trading day following a secondary share offering estimated to garner at least $11.2 billion. The shares...
Technology
Keith Gill’s first webcast in three years failed to turn investors interested in GameStop on Friday to reverse a roughly 40% drop in its...
Technology
Stand with Crypto, an advocacy group for cryptocurrency voters, reached 1 million members on Wednesday as crypto proponents pressured legislators to build a new...
Technology
In a London case worth up to 10 billion pounds ($12.8 billion), Binance and other exchanges moved to “delist” Bitcoin Satoshi Vision on Wednesday....
Technology
Telespazio, a joint venture between Italian defense and aerospace major Leonardo and French competitor Thales, has inked an agreement with Elon Musk’s SpaceX to...
Technology
Nvidia’s market cap boost was around $150 billion, not $150 million. Wednesday was a record high for the company, overtaking Apple as the second...
Technology
Microsoft is laying off hundreds of employees at its Azure cloud subsidiary, Business Insider reported on Monday, adding to a wave of layoffs in...
Technology
A battery-operated spoon that salts food is sold in Japan. Researchers say the plastic-and-metal spoon helps consumers cut salt and eat healthily. Too much...
Uncategorized
As the investor who started the’meme stock’ mania invests again, GameStop gains momentum. The stock market influencer behind the 2021 meme stock frenzy has...
Technology
Nissan Motor Company awards former Chief Operating Officer Ashwani Gupta $3.7 million in compensation for his abrupt resignation last year, according to a notice...
Business
Sweden’s Ericsson announced on Monday that a four-year program to check the company’s compliance with a US anti-corruption accord had finished on June 2....
Business
Toyota and Mazda suspended delivery of certain cars on Monday after Japan’s transport ministry found irregularities in model certification applications. The government found anomalies...
Technology
Ericsson, a Swedish company, announced on Monday that a four-year initiative to oversee the company’s adherence to a U.S. anti-corruption agreement had concluded on...
Technology
Google announced on Monday that it had finished building its data center and cloud facilities in Singapore, a Southeast Asian nation where the tech...
Technology
During the premarket trading session on Monday, shares of Gamestop increased by more than 90 percent. This was in response to a post on...
Business
Autodesk On Friday, the board selected Elizabeth Rafael as interim chief financial officer, and the company announced preliminary first-quarter sales that exceeded analysts’ forecasts,...
Finance
Gary Gensler, the chair of the United States Securities and Exchange Commission, said on Friday that the redesign of the settlement cycle for U.S....
Business
The S&P 500 and Dow climbed in choppy trade on Friday after April inflation statistics showed inflation expanded broadly as expected, bolstering hopes that...
Economy
Price cuts by big U.S. retailers, as well as new statistics showing a slowing in consumer spending, may bolster the Federal Reserve’s confidence in...
Finance
Three prominent British parliamentary committee chairs have questioned Shein’s suitability for a London stock market listing. Shein is preparing for a London IPO after...
Business
Companies should not sue shareholders over proposals, according to a group of over 40 major institutional investors from the US and Europe who issued...
Business
Lloyds Reserves £450m Amidst Ongoing Car Finance Probe. Lloyds, a major UK banking institution, has earmarked £450 million to cover potential costs arising from...
Finance
Exclusive: China’s top banks tighten exposure to smaller peers to curb credit risk. According to three sources, several of China’s largest banks have increased...
Economy
Asian stocks rise, and the dollar drifts as US rate-cut bets rise. On Tuesday, Asian markets made a slow but steady ascent while the...
Finance
Ukraine received $1.34 billion under the World Bank project in the finance ministry. Under the World Bank’s public expenditures for administrative capacity endurance in...
Finance
The Russian central bank needs months to ensure CPI falls before rate cuts. According to statements made by Elvira Nabiullina, the governor of the...
Finance
BOJ’s Ueda signals the chance of policy shift and progress on price goal. The Governor of the Bank of Japan, Kazuo Ueda, stated on...
Finance
The purchase of HSBC’s (HSBA.L) domestic subsidiary by Royal Bank of Canada (RY.TO) for C$13.5 billion ($10.2 billion) was authorized by Canada on Thursday....
Business
Diageo (DGE.L), the manufacturer of Tanqueray gin and Johnnie Walker whiskey, is fighting to rebuild investor confidence after issuing a profit warning last month....
Technology
Our exploration unfolds at the intersection of science and society, where everyday individuals become the unsung heroes of discovery as we embark on a...
AI
Imagine a future in which robots understand and respond to your emotions and social cues in a world where technology is not just developing...
Finance
China venture capital and private equity funds rattled by proposed changes. There has been a pushback from industry participants concerned that China’s proposal to...
![] A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/File Photo](https://www.biznob.com/wp-content/uploads/2023/04/JP_800x500-600x337.jpeg)
![] A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/File Photo](https://www.biznob.com/wp-content/uploads/2023/04/JP_800x500-100x100.jpeg)
Finance
According to two people with knowledge of the situation, JPMorgan Chase (JPM.N) plans to outsource the management of its local custody business in Taiwan...
Business
To replace its aging Boeing (BA.N.) 747 cargo airplanes, Cathay Pacific Airways (0293.HK) said on Friday that it had placed a definite order to...
Finance
The Australian diversified investor Washington H has submitted a proposal of A$3.1 billion ($2 billion). Soul Pattinson (WHSP) (SOL.AX) for the local fund manager...
Finance
On Wednesday, the Rakuten Group (4755.T), based in Japan, said it intends to sell 25.5 million shares of Rakuten Bank (5838.T) on the offshore market....
Business
Thai Business Group keeps its 2023 growth forecast at 2.5%–3.0%. On Wednesday, a critical joint business organization announced that Thailand’s economy is expected to...
Finance
Morning Bid: Optimism over peaking rates propels stocks. From Kevin Buckland, here’s a look at what the day holds for markets worldwide and in...
Business
The British pub business Marston’s (MARS.L) said on Tuesday that their Christmas bookings surpassed the numbers from the previous year. Additionally, the company forecasted...
Finance
As anticipated, the Australian central bank kept interest rates unchanged on Tuesday. This gave the bank additional time to evaluate the economy’s current status...
Finance
China’s state banks are seen swapping and selling dollars for yuan, according to sources. According to two people who know the situation, on Tuesday,...
Economy
Asian stocks slide as focus turns to U.S. jobs. As investors tempered their expectations for cuts to U.S. interest rates and waited for U.S....
Economy
As a result of a decline in demand inside the European Union, German exports saw an unexpected decline in October, with a slight decrease...
Finance
An attack on an American destroyer and commercial vessels in the Red Sea on Sunday has the danger of reigniting market concerns about an...
Finance
On Thursday, the Royal Bank of Canada (RY.TO) said its earnings for the fourth quarter had increased. This was due to the fact that the...
Finance
The antitrust regulator of Italy announced on Thursday that it had instructed the largest bank in the nation, Intesa Sanpaolo (ISP.MI), to suspend the...
Entrepreneurship
Explore Elon Musk’s visionary Mars colonization plans and the future of Mars exploration in this in-depth article. KEY TAKEAWAYS Multiplanetary Vision: Elon Musk...
Finance
UK financial watchdog proposes investment advisers hold capital for redress. The Financial Conduct Authority (FCA) of the United Kingdom proposed on Wednesday that personal...
Economy
On Wednesday, a new exchange-traded fund (ETF) that tracks Saudi stocks had its trading debut in Hong Kong. This ETF is the first product...
Finance
Saudi Arabia’s Kingdom Holding bought a $450 million stake in Citigroup from Alwaleed. The investment firm Kingdom Holding (4280.SE), owned by Saudi Arabian Prince...
Economy
China’s November factory activity likely contracted for the second month; Reuters’ survey on Wednesday indicated that China’s manufacturing activity most likely decreased for the...
Business
According to two people familiar with the subject, the fashion firm Shein has quietly registered to go public in the U.S. This makes it...
Finance
Japan’s price trend gauge hits record, heightening the case for BOJ exit. According to statistics released on Tuesday, a crucial indicator of Japan’s trend,...
Business
Shareholders postpone redemptions for $2.1 billion Lenders Australian property fund-source. As a weak real estate market hinders sales, investors have decided to defer payment...
Economy
Asian stocks were subdued as traders braced for inflation data. Tuesday saw a little increase in Asian equities as the dollar languished close to...
Finance
A source who has direct knowledge of the ideas told Reuters that Barclays (BARC.L) is working on measures to save as much as 1...
Economy
Amazon protests in Europe target warehouses and lockers on a busy Black Friday. On Black Friday, one of the busiest shopping days of the...
Finance
Citigroup asks employees to speak up about inappropriate behavior. Following a managing director’s lawsuit against the business this week, in which she claimed she...
Finance
Japan’s Mizuho applies to set up a securities company in China. Japan’s Mizuho Financial Group (8411.T) is the most recent international corporation to make...
Finance
Rabobank was hit with a $29 million EU fine over the 2006–16 bond cartel. On Wednesday, the European Union’s antitrust inspectors punished 26.6 million...
Finance
According to court documents on Tuesday, the state-owned Russian Agricultural Bank filed a case in a Moscow court against JP Morgan (JPM.N.). The nature...
Finance
Blackstone to close multi-strategy fund after assets drop nearly 90% (FT) According to a report published by the Financial Times on Tuesday, the asset...
Finance
According to five people with knowledge of the situation, employees at Citigroup (C.N.) anticipate hearing about senior management changes and layoffs on Monday as...
Economy
Morning Bid: Japanese stocks party like it’s 1990. An overview of Monday’s trading in European and international markets This holiday-shortened week has seen a...
Economy
The preliminary labor contract that General Motors (GM.N.) had been negotiating with the United Auto Workers (UAW) union has been ratified, making General Motors’...
Economy
Last week, foreign investors were large purchasers of Japanese shares, spurred by solid company profits and a general surge across global markets amid optimism...
Business
A global slowdown in luxury spending, according to British clothing company Burberry (BRBY.L. ), is hurting it. If this trend continues, Burberry cannot fulfill...
Finance
The dollar holds ground as macro data hints at a later Fed rate cut. After two days of tumultuous trading that saw substantial falls...
Business
Following the announcement on Thursday that the industrial software giant Siemens (SIEGn.DE) had exceeded expectations in its fourth-quarter industrial earnings, the company provided a...
Finance
On Wednesday, the IMF said it had achieved a staff-level agreement with Pakistan about the initial review of a $3 billion bailout, enabling the...
Finance
UBS (UBSG.S) was found guilty of promoting illicit financial services and money laundering in France, which resulted in a punishment of 1.8 billion euros...
Business
The U.S. unveils up to $3.5 billion in funding to boost domestic battery manufacturing. On Wednesday, the United States Department of Energy said that...
Finance
Reversing Moody’s judgment from last week to lower its outlook on U.S. debt, U.S. Treasury Secretary Janet Yellen stated on Monday that the country’s...
Business
With more than $50 billion in Boeing aircraft orders placed on Monday, Dubai carriers laid down the gauntlet to up-and-coming regional rivals as the...
Economy
Ahead of important U.S. inflation data that could significantly impact the Federal Reserve’s policy stance, Asian markets edged up on Tuesday in cautious trade....
Finance
Lloyd’s of London SPAC venture was scrapped due to volatile markets. On Monday, Financials Acquisition Corp. (FINSF.L) announced it would go into liquidation after...
Finance
ANZ (ANZ.AX), Australia’s fourth-largest lender, said on Monday that an increase in demand for its institutional banking services drove its annual earnings to a...
Finance
The rise in prices of copper led to an increase in the value of industrial metal mining stocks, which in turn contributed to a...
Finance
On Monday, the value of the United States dollar rose to its highest levels against the Japanese yen in more than a year. This...
Finance
The Greek government’s bailout fund for the country’s banks After receiving a higher offer from UniCredit, HFSF said on Monday that it had sold...
Finance
Overburdened with debt On Monday, the Swedish property firm SBB (SBBb.ST) announced an increase in the loss it incurred before taxes for the third...
Finance
The ICBC hack reverberates with manual settlement of the bank’s Treasury trades for days. Following a ransomware assault on China’s largest bank, the Industrial...
Finance
BNY keeps ICBC off Treasury platform and waits for the all-clear. Following a ransomware assault on China’s largest bank, the Industrial and Commercial Bank...
Business
Internal documents from one of the world’s significant defense and space contractors, Boeing (BA.N.), were made public online on Friday by the cybercrime group...
Finance
Cash funds continue to attract inflows, set for a record year. According to statistics provided by EPFR and Bank of America, global investors continued...
Business
China’s biggest lender, ICBC, hit by ransomware attack. The latest victim of a ransomware assault that halted transactions in the U.S. Treasury market this...
Business
According to Greenpeace and a document obtained by Reuters, Shell (SHEL.L) is suing Greenpeace for $2.1 million in damages after activists from the environmental...
Economy
Saudi Arabia to sign deals worth over $500 mln with African nations. During Thursday’s Saudi-Arab-African Economic Conference in Riyadh, Saudi Finance Minister Mohammed Al-Jadaan...
Business
China’s CICC sees an opportunity in Brazil as a possible office. According to Lindsay Lin, CICC’s Head of Americas, the securities company China International...
Finance
Russia’s VTB in Europe changes name as it liquidates. According to a Reuters executive, VTB (VTBR.MM), the second-biggest bank in Russia, is changing its...
Business
Hapag-Lloyd, a German container carrier, reported a net profit for the first nine months of 2023 of 3.2 billion euros ($3.43 billion), a 77%...
Business
Because of the weak demand for home deliveries, the British company Domino’s Pizza Group (DOM.L) saw a decline in overall orders, but on Thursday,...
Uncategorized
Walt Disney (DIS.N) outperformed Wall Street in earnings on Wednesday, offsetting a drop in advertising income at television network ABC with increased attendance at...
Business
As it announced an 8% year-over-year increase in third-quarter revenue, Flutter, the largest online betting firm in the world, stated on Thursday that it...
Finance
SoftBank books a $5.2 bln quarterly loss as investments and a weak yen bite. The once-flying WeWork filed for bankruptcy, while SoftBank Group (9984.T)...
Economy
Morning Bid: Range-bound markets await Powell again. Ankur Banerjee’s outlook for the upcoming day in the European and international markets As investors processed a...
Finance
Lloyd’s of London to invest $65 million following the slavery report Following research that revealed the commercial insurance industry had close ties to the...
Business
M&S shares soar as first-half profit smashes forecasts. Following a revamp of its food, fashion, and supply chain, Marks & Spencer (M&S) broke first-half...
Business
Zara founder Ortega raises a bet on renewables with a potential Repsol deal. Amancio Ortega, the creator of Inditex (ITX.MC), is pursuing renewable energy...
Business
Renault cuts Nissan’s stake to 15% after transferring shares to trust. The alliance partners said in a statement that France’s Renault (RENA.PA) had reduced...
Business
Following a session in which oil prices fell to their lowest points in more than three months, worries about declining demand in the two...
Business
As a significant audit customer severed their relationship with Pricewaterhouse Coopers (PwC) Australia on Wednesday, the company announced hundreds of job losses, citing a...
Finance
Commerzbank Q3 net profit more than triples, beating expectations. In a strategy update on Wednesday, Commerzbank (CBKG.DE), a German bank, reported that net profit...
Finance
The proposed sale of Danske Bank’s (DANSKE.CO) Norwegian personal client business to rival bank Nordea (NDAFI.HE) raised concerns from Norway’s competition authorities on Tuesday,...
Economy
Asia stocks snap winning streak; RBA hikes, but Aussie sinks. Tuesday saw Asian markets end a three-day winning run as investor excitement over a...
Finance
UBS was dragged into the red by the Credit Suisse takeover, but inflows cheer. The Swiss bank’s acquisition of Credit Suisse cost UBS Group...
Finance
The finance minister of South Korea defended the government’s decision to outlaw short sales of stocks, which was made in advance of the country’s...
budgeting
The Japanese trading company Itochu (8001.T) increased its full-fiscal year profit projection despite reporting a 14.5% decline in six-month net profit on Monday due...
Finance
Previously anticipating a December boost, Barclays said it now expected the U.S. Federal Reserve to raise interest rates by 25 basis points in January....
Business
A person who knows the situation stated on Monday that Tesla (TSLA.O), an electric vehicle manufacturer striving for broad market adoption, will produce a...
Finance
The largest bank in Singapore, DBS Group (DBSM.SI), announced on Monday that its third-quarter net profit increased by a better-than-anticipated 18% due to rising...
Business
Lindsell Train, a top-10 investor in Unilever (ULVR.L), praised the company’s recent management changes and stated that it has already spoken with the new...
Finance
Global finance chiefs face more challenging China questions at the Hong Kong summit. Amid geopolitical tensions and China’s economic downturn, international investment bank and...
Economy
Although reasonable, worries that high and rising Treasury yields would have a significant negative impact on Wall Street are ultimately unfounded. History demonstrates that...
Finance
Despite its investment bank division’s strong performance, Societe Generale (SOGN.PA), the third-largest listed bank in France, underperformed market expectations on quarterly sales on Friday....
Economy
WeWork’s troubles darken the outlook for the embattled office market. The struggles of co-working giant WeWork (WE.N) cast doubt on the future of the...
Business
Lower natural gas prices and export volumes were the leading causes of Cheniere Energy’s (LNG.A..) reported decline in quarterly income as a liquefied natural...
Business
Santos (STO.AX) announced on Thursday that an Australian court had issued a temporary injunction to stop the company from beginning construction on the $3.6...
Economy
The dollar is lower as traders see US rates peaking with eyes on the BoE. Due to investors’ increased confidence in the likelihood of...
Finance
According to three sources, China’s financial authorities are looking into a month-end liquidity shortage that caused short-term money rates to spike to as high...
Economy
Oil rises 1% after the Fed keeps rates unchanged. Following the U.S. Federal Reserve’s decision to keep benchmark interest rates, risk appetite returned to...
Economy
Asia shares and bonds rally as Powell fuels optimism about ending rate hikes. As a noncommittal Federal Reserve chairman caused markets to double down...
Business
The largest Dutch bank, ING Groep (INGA.AS), stated on Thursday that it would be repurchasing up to 2.5 billion euros ($2.65 billion) worth of...
Finance
Sberbank, the leading lender in Russia, posted a net profit of 411.4 billion roubles ($4.41 billion) for the third quarter, with a return on...
Finance
Italy’s antitrust probes Intesa’s customer shift to mobile service Isybank. On Thursday, the Italian antitrust watchdog said it had initiated an investigation into migrating...
Business
The largest online apparel retailer in Europe, Zalando (ZALG.DE), said on Wednesday that it had posted lower-than-expected third-quarter revenue and now expects 2023 sales...
Finance
The Securities and Exchange Commission (SEC) is looking into Wells Fargo’s (WFC.N) cash sweep options for investment advice customers, the bank said in a...
Finance
Chairman of the Swiss National Bank (SNB), Thomas Jordan, defended the central bank’s actions on Wednesday in addressing the Credit Suisse issue, including giving...
Business
On Wednesday, former Russian President Dmitry Medvedev mocked the Danish brewer Carlsberg (CARLb.CO) for believing it could leave Russia without facing consequences following Western...
Business
On Wednesday, Toyota Motor (7203.T) significantly increased its full-year projection and more than quadrupled its earnings for the second quarter, citing strong global sales...
Business
To get ready for more competition in the renewable fuels market, Finland’s Neste (NESTE.HE) announced on Wednesday that it intends to save 50 million...
Economy
A significant win for Tesla (TSLA.O), still facing several lawsuits and government probes about the same technology, came on Tuesday when it emerged victorious...
Economy
Ahead of this week’s significant meetings of world central banks, including the U.S. Federal Reserve, oil prices slightly increased in Asian trade on Wednesday....
Finance
The Bank of Japan intervened in the government bond market the day after it relaxed its control over long-term interest rates to control a...
Business
The largest steel manufacturer in Japan, Nippon Steel (5401.T), increased its projected net profit for the year to the end of March in response...
Business
Carlsberg CEO: Russia has ‘stolen our business’. According to the brewer’s new CEO, Carlsberg has severed all connections with its Russian business and has...
Finance
Provisions and Turkey’s loss overshadowed BBVA’s third-quarter profit gain. BBVA, a Spanish banking corporation, announced a 13% increase in net profit for the third...
Finance
According to two people who know the situation, companies seeking to purchase Indonesia’s PT Bank Commonwealth include Malaysian bank CIMB (CIMB.KL) and Japanese financing...
Finance
Yen slides as BOJ’s piecemeal policy tweak underwhelms. The Bank of Japan (BOJ) took a minor step toward ending years of substantial monetary stimulus....
Business
According to two individuals acquainted with the situation, Siemens Energy (ENR1n.DE) is thinking of selling a portion of its 24% ownership in Siemens Ltd....
Economy
After falling more than 3% the day before, oil prices rose in Asian trade on Tuesday as concerns about supply sparked by the Middle...
Economy
According to the Australian Federation of Pilots (AFAP), pilots at Qantas Airways‘ (QAN.AX) charter business, Network Aviation, will retreat from their scheduled strike this...
Business
Morning Bid: Yield curve control morphs. Tom Westbrook’s outlook for the day’s markets in Europe and worldwide With the Bank of Japan reframing its...
Economy
Oil output in North Dakota’s Bakken shale field may increase slightly due to Chevron’s (CVX.N) acquisition of Hess (HES.N), one of the biggest operators...
Economy
A policy decision by the Bank of Japan later this week, along with other significant central bank meetings and a plethora of global economic...
Finance
According to a story published in the Spanish newspaper Cinco Dias on Monday, Santander (SAN.MC) of Spain intends to sell hazardous real estate assets...
Finance
On Monday, HSBC (HSBA.L) revealed a new $3 billion share repurchase program and more than doubled third-quarter earnings. However, the results fell short of...
Economy
Wayne Cole previews the day’s events in the European and international markets. Asian markets have had a cautious start as Israeli forces, supported by...
Business
Before the bell on Friday, Ford Motor Co. (F.N.) shares dropped 3.8% as the carmaker revealed more significant losses from its electric vehicle (E.V.)...
Business
Due to more robust demand for newer treatments and a less-than-expected decline in sales of its popular arthritis medication Humira, AbbVie (ABBV.N) increased its...
Economy
September saw improvements in China’s industrial companies continue for a second month, indicating a stabilizing economy as the government implemented a flurry of pro-business...
Finance
Ahead of the Bank of Japan’s policy meeting next week, the yen tumbled about 150. At the same time, the dollar strengthened on Friday...
Finance
The largest brokerage and investment bank in Japan, Nomura Holdings (8604.T), announced a doubling of its net profit for the second quarter. This was...
Economy
Due to “uncertainty” surrounding the ratification of its agreement with the United Auto Workers (UAW) union, Ford Motor Company (F.N.) pulled its full-year results...
Technology
Intel (INTC.O.) predicted fourth-quarter sales above Wall Street projections on Thursday as it prepares new processors to handle artificial intelligence on laptops. The company...
Economy
The biggest broadcaster in Mexico, Televisa (TLEVISACPO.MX), reported lower third-quarter revenue on Thursday, which resulted in a net loss for the company’s earnings. Televisa...
Finance
With increased loan interest rates, Capital One Financial (COF.N), a consumer lender, exceeded third-quarter profit projections on Thursday, pushing its shares up more than...
Finance
On Thursday, the European Central Bank ended the longest run of rate increases in its 25-year history, stating that the most recent statistics continued...
Business
Volkswagen (VOWG_p.DE) is trying to recover margins after poor bets on raw material pricing hurt quarterly earnings. To that end, the German carmaker is...
Finance
Chief Executive Andrea Orcel of UniCredit (CRDI.MI), located in Italy, stated that the company’s recent enhancements to Buddybank, its mobile banking service, will facilitate...
Finance
As part of an international effort to reduce expenses, Barclays Plc (BARC.L) is letting go of dozens of employees in its U.S. consumer banking...
Economy
The world’s largest apparel retailer, Inditex (ITX.MC), which owns Zara, has agreed to purchase recycled polyester from American start-up Ambercycle, the firms said on...
Economy
To increase earnings, CEO Wael Sawan of Shell (SHEL.L) plans to reduce around 15% of the personnel in its low-carbon division and scale back...
Business
The Swedish industrial company Atlas Copco (ATCOa.ST) announced on Wednesday a higher-than-expected increase in adjusted earnings for the third quarter but forecasted short-term declines...
Economy
On Wednesday, oil prices fell for a fourth day as worries about decreasing European demand outweighed Middle Eastern supply interruptions from the Israel-Hamas conflict...
Business
NextEra Energy (NEE.N.) was able to produce a profit for the third quarter on Tuesday that was higher than what Wall Street had anticipated...
Finance
Despite widespread fears regarding travel in the Middle East after an increasing conflict between Israel and Hamas terrorists, Wall Street’s top financiers came up...
Business
Australia announced on Tuesday that it was evaluating an emergency appeal submitted by an indigenous group that aims to halt the pipeline building as...
Economy
According to a study, commercial activity in the Eurozone took an unexpected and unfavorable turn for the worst this month as demand dropped in...
Finance
On Tuesday, the head of the central bank in Australia issued a warning that there was a possibility that inflation may prove more resistant...
Cryptocurrencies
During Tuesday’s trade in Asia, cryptocurrency prices continued their upward trend, with bitcoin reaching a new high that hasn’t been seen in almost 18...
Economy
The dollar fell on Tuesday as traders avoided making wagers in advance of economic data that is anticipated to give hints as to the...
Business
The goal of Wednesday’s annual policy statement will be to stabilize an economy that has suffered from widespread emigration from the city and economic...
Economy
Novartis (NOVN.S.), based in Switzerland, announced on Tuesday that it is increasing its profit prediction for the entire year for the third time. The...
Finance
Barclays (BARC.L) hinted at big cost cuts to come later this year as it announced a profit for the third quarter that narrowly exceeded...
Economy
The German automaker Volkswagen (VOWG_p.DE) decreased its profit margin projection for the current year, disappointing some investors, and its shares dropped more than 3%...
Finance
The owner of Cartier said on Monday that the final regulatory permission was received for Farfetch’s (FTCH.N) purchase of a share in Yoox Net-A-Porter...
Finance
The Japanese yen was the focus of attention in Asia on Monday, momentarily falling to a level of 150 per dollar as speculators banking...
Business
Australia’s Lynas Rare Earths (LYC.AX) announced on Friday that it intended to temporarily halt all activities in Malaysia, except a mixed rare earth carbonate...
Business
China Evergrande Group (3333. HK) announced on Friday that the parameters of a planned offshore debt restructuring arrangement were being changed to accommodate the...
Finance
According to the Globe and Mail on Friday, Canadian Conservative Party leader Pierre Poilievre demanded that the federal government reject the Royal Bank of...
Finance
After the 10-year yield reached a new decade high on Friday, the Bank of Japan intervened in the Japanese government bond (JGB) market for...
Business
According to reports, pharmaceutical company Merck will pay Daiichi Sankyo $5.5 billion to collaborate on developing three of its candidate cancer medications. Depending on...
Business
The owner of Holiday Inn, IHG (IHG.L), stated on Friday that it anticipated finishing 2023 with “very strong” financials after reporting an increase in...
Finance
After acquiring Credit Suisse, UBS (UBSG.S.) announced on Friday that it will restructure the board of its domestic Swiss company, appointing a new chairman...
Lifestyle
As the actor’s strike approaches its 100th day, Oscar winner George Clooney and other prominent Hollywood figures have proposed paying the SAG-AFTRA actors union...
Economy
As worries about a Middle East conflict grew, and long-term U.S. rates continued to increase, pressuring valuations, Asian equities hit a new 11-month low...
Business
Core inflation in Japan fell below the 3% mark in September for the first time in more than a year. Still, it was above...
Finance
Four sources with knowledge of the situation told Reuters that Japan’s major banks plan to provide 1.9 trillion yen ($12.7 billion) in funding to...
Finance
The largest private equity firm in the world, Blackstone Inc. (BX.N), reported on Thursday that a fall in asset sales from its real estate...
Economy
In response to market anxiety over the Middle East war and the highest weekly increase in 10-year Treasury rates in 18 months, stocks declined...
Finance
After at least one of its clients was accused of money laundering, the Monetary Authority of Singapore (MAS) said on Wednesday that it would...
Finance
On Wednesday, Chinese GDP figures that were better than expected gave Asian currencies a lift, pushing the yuan to a one-week high and depressing...
Finance
After the Australian wealth management warned of reduced growth prospects for the remainder of the year and a decline in yearly margins as high-interest...
Finance
On Wednesday, Australia’s central bank governor stated that the country’s economy was facing “challenging” conditions due to sluggish consumption and high inflation and that...
Finance
In the third quarter, Bank of America’s (BAC.N) earnings increased as it followed rivals in increasing its revenue from client interest payments, while investment...
Economy
Official data revealed that the growth in regular pay for British workers, which the Bank of England is constantly monitoring, slowed from a previous...
Finance
According to three people who spoke to Reuters, Brookfield (BN.TO), through its unit Brookfield Reinsurance (BNRE.N), is considering joining Britain’s expanding pension insurance market...
Finance
On Monday, when it renewed medium-term policy loans, China’s central bank increased liquidity assistance to the banking sector while maintaining the interest rate out...
Business
Casino, a heavily indebted French grocery operator, announced on Monday that it had reached an early agreement to sell Grupo Calleja its investment in...
Finance
As Middle East tensions rose and investors anticipated hints from Federal Reserve Chair Jerome Powell’s speech later this week, the dollar fell from its...
Business
A plan by Southeast Asian ride-hailing startup Grab (GRAB.O) to purchase Trans-cab, Singapore’s third-largest taxi operator, has raised worries about competition, according to the...
Economy
This week, the European Union will work to prevent the reimposition of metals tariffs from the Trump administration and to mitigate the harm that...
Finance
The Australian ANZ Group (ANZ.AX) has recognized a Federal Court ruling that found the bank was required to inform the market that the joint...
Finance
Banks in the U.K. assess China’s risks after being stung by Russian sanctions. According to a senior financial source who spoke to Reuters, big...
Economy
Stocks in Asia slump on rate jitters. Stronger-than-expected U.S. consumer pricing data boosted the argument for the Federal Reserve to keep rates higher for...
Finance
Dollar drifts near two-week low ahead of U.S. inflation data. The Federal Reserve’s next course of action will be influenced by U.S. inflation figures,...
Finance
Venezuelan bondholders file a claim with a New York court amid a tolling agreement. Holders of delinquent debt issued by Venezuela and its state...
Finance
As a sign of support for the city-state, Citigroup Inc. (C.N) said on Thursday that its board of directors will convene in Singapore for...
Finance
Asia stocks hit 2-week high as Fed talk turns dovish. The dollar advanced on Wednesday as traders reduced their expectations for U.S. interest rates...
Finance
A global banking watchdog dismisses the need for change after Credit Suisse debacle. A worldwide group in banking monitoring has downplayed the Credit Suisse...
Finance
Dollar, yen gain on flight to safety as Hamas attack dents sentiment. On Monday, as unrest in the Middle East worried markets, safe-haven currencies...
Business
Casino (CASP.PA), a French retail chain, has agreed with its principal creditors, led by Daniel Kretinsky, a Czech billionaire, to restructure its debt to...
Economy
According to a worldwide message to employees on Wednesday obtained by Reuters, Citigroup (C.N.) officials are evaluating worker rosters to decide by November who...
Finance
Metro Bank plunges on talk of big fundraising to fix finances. Following news that the British lender was looking into possibilities to raise as...
Economy
The euro is facing increased headwinds due to rising oil costs harming a faltering economy and fresh worries about Italy’s budgetary situation, increasing the...
Business
Atos (ATOS.PA), a struggling French IT company, announced a management reorganization on Wednesday and named Yves Bernaert its third CEO in less than two...
Business
On Wednesday, Australian lender Westpac (WBC.AX) announced that it had abandoned plans to sell its companies in Fiji and Papua New Guinea, ending a...
Business
After nearly 28 years with the investment bank, Chris Kojima, a senior executive in the asset and wealth management division of Goldman Sachs (GS.N),...
Economy
As September concluded, global hedge funds rushed to take up bullish positions in banks, insurance firms, and capital markets, according to a client note...
Natural Resource Management
Explore Elon Musk’s game-changing impact on Renewable Energy and Solar Power. Learn how Musk’s vision is reshaping the energy landscape. KEY TAKEAWAYS Innovation...
Business Expansion
Explore the groundbreaking Neuralink startup by Elon Musk, delving into brain-computer interface technology’s revolutionary potential. KEY TAKEAWAYS Neuralink’s Mission: Neuralink, led by Elon...
Finance
Royal Bank of Canada (RBC) (RY.TO) announced on Friday that it has infused cash into City National to improve the liquidity of the subsidiary’s...
Entrepreneurship
Explore the latest controversies surrounding Elon Musk and Tesla. Dive into the controversies that have shaped their journey. KEY TAKEAWAYS Elon Musk’s Twitter...
Finance
France targets inflation with the 2024 budget bill. According to Finance Minister Bruno Le Maire, who unveiled the 2024 budget proposal on Wednesday, France’s...
Finance
Britain’s financial watchdog scrutinizes private asset valuations. According to a source with knowledge, Britain’s financial watchdog is debating whether to review unlisted asset values...
Entrepreneurship
Explore the transformative journey of Tesla under Elon Musk’s visionary leadership as CEO. Discover Tesla’s rise to greatness. KEY TAKEAWAYS Visionary Leadership: Elon...
Finance
On Tuesday, Singapore’s central bank investigated whether banks implicated in a S$2.4 billion ($1.75 billion) money laundering scandal had mitigated risks. The Monetary Authority...
Finance
Goldman and HSBC join forces with other banks on client disclosures. Five banks, including Goldman Sachs and HSBC (HSBA.L), have agreed to establish a...
Finance
Citi warns UK staff of cuts as hundreds of roles could be affected. According to a memo Reuters saw on Friday, Citigroup (C.N.) has...
Finance
UBS cuts nearly 70% of Credit Suisse researchers in Hong Kong. Two people said that as the two Swiss banking titans integrate operations, UBS...
Finance
According to an internal document seen by Reuters, UBS Group AG (UBSG.S) has deemed at least four nations, including South Korea and India, as...
Finance
Indian stocks slip as IT weighs; cenbank meetings eyed. After a record run, India’s key stock indexes dipped on Monday as investors digested Chinese...
Finance
According to insiders, Citigroup (C.N.) is reorganizing, and compliance and risk management support personnel will likely lose their jobs. One person claimed technology personnel...
Economy
Mexican inflation continued its downward trend in June, reflecting positive developments in the country’s economy. The decline in inflation rates signifies improved price stability...
Finance
Two people said PwC Australia sent Google (GOOGL.O) private information about the commencement date of a new tax law leaked from Australian government tax...
Economy
View Inc (VIEW.O) and a former CFO were cited by the SEC on Monday for understating the cost of fixing defective “smart” windows, resulting...
Business
After acquiring Credit Suisse, UBS (UBSG.S) is recruiting wealth managers for wealthy Americans in the U.S. In the year’s first half, UBS hired 50...
Economy
Oil rises as Saudi Arabia extends supply cut. Dubai outperformed the area in early trade on Monday, but Abu Dhabi lagged. After a four-session...
Economy
PwC Australia fired eight partners, including its former CEO, as part of an internal inquiry into the leak of classified government tax plans by...
Finance
Friday’s World Bank announcement granted $1.5 billion to advance India’s low-carbon energy sector. The bank claimed the financing would boost renewable energy, green hydrogen,...
Economy
JPMorgan Chase’s (JPM.N) $290 million deal with women who claimed Jeffrey Epstein harmed them and that the largest U.S. bank ignored his sex trafficking...
Finance
On Tuesday, the Swiss bank’s CEO said that UBS (UBSG.S) would announce more management changes as it integrates Credit Suisse after its recent merger....
Business
PwC Australia’s sale of its government consulting business may temporarily ease its tax practice crisis, but experts say it won’t fix its terrible reputation...
Cryptocurrencies
After a 15-month low following attempted revolt, the rouble recovers. Investors responded for the first time to an aborted mercenary revolt in Russia over...
Economy
Analysts expect big U.S. lenders to show they have enough capital to withstand any new banking sector upheaval during this week’s Federal Reserve health...
Economy
After a tender offer, Japanese online financial conglomerate SBI Holdings Inc (8473.T) acquired 53.74% of midsize lender SBI Shinsei Bank (8303.T). After Friday’s tender...
Business
Nasdaq’s $10.5 billion investment in Adenza, a little-known financial software startup, will help the exchange operator dramatically expand its risk management, regulatory, and anti-financial...
Economy
After Federal Reserve Chair Jerome Powell delivered a predictable semi-annual testimony, the dollar remained near a one-month low against a basket of currencies on...
Finance
Despite Asian currencies falling, the Indian rupee may open higher versus the U.S. dollar on Wednesday. NDFs predict the rupee will open at 82.06-82.08,...
Finance
Following U.S. inflation figures, the Indian rupee is projected to open higher on Wednesday. Non-deliverable forwards suggest the rupee will open at 82.22–82.24 to...
Finance
The dollar traded in a limited range on Tuesday ahead of critical U.S. inflation data and the Federal Reserve’s two-day monetary policy meeting. China’s...
Finance
Fed pause hopes to boost Indian shares. After May retail inflation statistics lifted confidence, Indian shares rose on Tuesday, with the wider midcap index...
Finance
DBS Group (DBSM.SI), whose assets have grown in the past two years, focuses more on family offices. Southeast Asia’s largest bank by assets is...
Finance
Chairman Thomas Jordan stated in a Saturday interview that the Swiss National Bank could hike interest rates to lower inflation. Jordan maintained the central...
Finance
Dollar falls after jobless claims rise; Fed in spotlight. After a jump in weekly unemployment claims raised hopes that U.S. interest rates were nearing...
Finance
Danske Bank sets profit targets and sells Norway retail units. On Wednesday, Danske Bank (DANSKE.CO) upped its long-term earnings target and announced intentions to...
Finance
Westpac Banking Corp (WBC.AX), Australia’s largest lender, raised its home loan variable interest rates by 25 basis points (bps) on Tuesday to match the...
Economy
U.K.’s FTSE 100 starts week up on energy boost; ASOS surges. Energy industries lifted the U.K.’s FTSE 100 on Monday after Saudi Arabia threatened...
Finance
In a May speech, an RBI deputy governor recommended that Indian bank boards address governance issues, including risk management and customer and market conduct....
Finance
Three sources said Brookfield India Real Estate Investment Trust (REIT) (BROF.NS) had hired eight investment banks to raise $400 million in stock by July....
Finance
After the Credit Suisse merger, UBS CEO predicts severe job cuts. UBS (UBSG.S) CEO Sergio Ermotti warned Friday of severe job layoffs after Credit...
Finance
In early Friday trade, SoftBank Group Corp (9984.T) shares rose 5% as the technology investor, contemplating an initial public offering of chip manufacturer Arm,...
Finance
On Thursday, the Financial Times reported that Canada’s second-largest pension fund, Caisse de dépôt et placement du Québec (CDPQ), will close its Shanghai office...
Finance
U.K.’s FTSE 100 fell to a two-month low on Wednesday, pulled down by energy sectors as investors were concerned about China’s economic revival. At...
Finance
On Wednesday, India’s market regulator sought feedback on plans to enhance disclosure requirements for “high-risk” foreign funds in local markets. Following the regulators’ examination...
Finance
Bank of America reported Friday that investors had poured $756 billion into cash funds this year, drawn by high yields and bank worries. According...
Finance
After a debt ceiling deal lifted risk sentiment, the U.S. dollar fell versus a basket of other currencies on Tuesday but remained near a...
Finance
Crown Resorts, the Australian casino operator bought by Blackstone Inc (BX.N) after three devastating inquiries, agreed to pay A$450 million ($294 million) for violating...
Finance
RBI head calls out governance issues and stresses asset misreporting at some institutions. On Monday, the Reserve Bank of India governor stated certain banks...
Finance
PwC Australia reorganizes board, suspends nine partners. PricewaterhouseCoopers (PwC) Australia ordered nine partners to take leave and restructured its governance board on Monday after...
Economy
U.S. debt ceiling deal may boost Indian stocks. Due to the U.S. debt ceiling resolution, Indian shares were expected to open higher on Monday....
Economy
Indonesian state utility Perusahaan Listrik Negara [RIC:RIC: PLNEG.UL] requested $700 million to erect a 200-megawatt (MW) solar panel to replace diesel power generators. The...
Finance
On Sunday, Pakistan’s Finance Minister Ishaq Dar announced the IMF will review its 2018 budget to release blocked money. “They have asked us for...
Finance
Israel watchdog requests bank data for interest rate probe. On Sunday, Israel’s competition watchdog requested more data from the country’s banks, alleging they were...
Finance
APEC trade ministers agreed on Friday to support more inclusive and sustainable commerce, but Russia and China’s objections to Ukraine’s language prevented a joint...
Finance
A Singapore court ordered Credit Suisse (CSGN.S) to pay $926 million for failing to protect the assets of a former Georgian prime minister. Former...
Finance
Despite falling inflation, Kotak Mahindra Bank’s treasury chief suggested the RBI may decrease interest rates only at the end of the year. Inflation is...
Finance
Switzerland accelerates liquidity backstop following Credit Suisse disaster. On Thursday, the Swiss government accelerated work to extend a public liquidity backstop Credit Suisse obtained...
Finance
On Thursday, the Royal Bank of Canada (RY.TO) and CIBC (CM.TO) announced a decline in second-quarter earnings as harsh economic conditions forced the lenders...
Breaking News
Bank of America redeploys 40 Asia bankers as China dealmaking lags. A source familiar with the matter said Bank of America Corp (BAC.N) had...
Finance
A senior government official told an inquiry on Thursday that PricewaterhouseCoopers (PwC) will fire personnel involved in releasing and using classified Australian tax plans....
Finance
On Wednesday, a government official told the Wall Street Journal that the Cayman Islands Monetary Authority (CIMA) is considering legal action after the U.S....
Business
The Banking Times reported on Monday that Credit Suisse AG (CSGN.S) workers are prepared to sue the Swiss banking regulator for over $400 million...
Business
After an internet-fueled run collapsed Silicon Valley Bank two months ago and shook the industry, bankers bolstered social media risk management, monitoring, and emergency...
Business
As it prepares to rescue Credit Suisse Group AG (CSGN.S), UBS Group AG (UBSG.S) indicated in a presentation early on Wednesday that the buyout...
Economy
Bank of New York Mellon Corp. announced Monday that a top New York Federal Reserve official responsible for domestic markets would join the business...
Business
SoftBank Group Corp (9984.T) announced a 970 billion yen ($7.18 billion) financial loss for the year ended March 31, with the Vision Fund business...
Finance
UBS Group (UBSG.S) announced on Tuesday that Credit Suisse CEO Ulrich Koerner would join the bank’s executive board after its merger with its Swiss...
Economy
On Monday, India’s economic affairs secretary stated the Financial Stability and Development Council (FSDC) believes its banking system is shielded from global challenges. After...
Business
After reorganizing its MENA area, Citi named Dubai-based Omar Hafeez chairman of its North Africa, Levant, and Central Asia operations on Monday. Hafeez comes...
Economy
Caixabank (CABK.MC) surpassed first-quarter net profit predictions on Friday, buoyed by higher loan income, which the Spanish bank predicted will climb more than 30%...
Economy
As it fights persistent inflation, the European Central Bank will hike interest rates for the eighth time on Thursday. Since July, the euro zone’s...
Business
Lloyds surpasses earnings expectations, hints stress ahead. On Wednesday, Lloyds (LLOY.L) surpassed first-quarter profit predictions thanks to rising interest rates, but early signs of...
Business
On Tuesday, Australia’s central bank shocked markets by hiking its cash rate by 25 basis points, saying inflation was too high and that future...
Business
On Monday, a top U.S. banking regulator will publish a thorough analysis of the federal deposit insurance system, sparking new discussion about whether and...
Business
US regulator seizes First Republic Bank, sells assets to JP Morgan. First Republic Bank, the third major U.S. bank to fail in two months,...
Economy
British bank NatWest (NWG.L) reported a 20 billion pound deposit drop in the first quarter despite a fiercely competitive environment and a cautious outlook...
Finance
On Friday, Standard Chartered Plc (STAN.L) revised its objective for reducing carbon emissions from oil and gas loans, abandoning a system that critics argue...
Finance
According to a corporate spokeswoman, Citigroup’s (C.N) Asia wealth revenue rose 20% in the first quarter of 2023 due to investment gains, insurance revenue,...
Business
UBS confirmed Monday that Christian Bluhm would remain chief risk officer for the “foreseeable future” as it tightens controls after the Credit Suisse takeover....
Economy
THE FUTURE OF REAL ESTATE IN THE ECONOMY IN 2023 As we approach the year 2023, the real estate industry faces unprecedented changes, from...
Economy
On Thursday, five banking sources said India’s central bank would meet separately with state-run and private bank executives late next month to address supervision,...
Accounting
A new specialist board to manage monetary policy at Australia’s central bank will give independent expert members more ability to determine interest rates, diluting...
Finance
ISS advises investors to endorse the Barclays board. As investigations into former CEO Jes Staley’s ties to sex trafficker Jeffrey Epstein continue, Institutional Shareholder...
Breaking News
On Friday, International Monetary Fund director Kristalina Georgieva said debtors and creditors made “tangible progress” on debt restructuring difficulties this week. Still, she advised...
Business
After last month’s turmoil in U.S. government bonds, SEC chief Gary Gensler said hedge funds and other areas of the shadow banking system require...
Economy
On Friday, U.S. Treasury Secretary Janet Yellen said the International Monetary Fund has the resources to address global financial difficulties but requires “fair and...
Business
According to a Friday economy ministry assessment, Germany will narrowly avoid recession and increase in the first quarter. “A technical recession of two negative...
Economics
Singapore’s central bank left its monetary policy steady on Friday, surprising analysts who expected further tightening. Singapore’s first-quarter economic growth was disappointing. Since April...
Finance
The Ministry of Finance will hold an expert conference on April 21 to review the Bank of Japan’s digital yen pilot program, which began...
Business
On Thursday, International Monetary Fund Managing Director Kristalina Georgieva urged policymakers against a new Cold War as they increase attempts to protect industrial supply...
Economy
Inflation outweighs financial concerns as central bank tightening continues. Despite widespread warnings about the economic implications of recent banking sector stress, global monetary officials...
Business
Credit Suisse rescission emergency session at Swiss parliament. Switzerland has been roiled since last month’s frantic rescue of Credit Suisse (CSGN.S). Many Swiss politicians...
Business
In an open letter to parliament on Monday, the Swiss Bank Employees’ Association (SBPV) demanded that Credit Suisse (CSGN.S) and UBS (UBSG.S) suspend their...
Business
A Look at the Lives and Businesses of Singapore’s Top 50 Richest People Discover Singapore’s 50 richest people with a combined net worth of...
Business
On Monday, World Bank Group President David Malpass said the agency had updated its 2023 global growth prediction to 2% from 1.7% in January....
Business
Qatar National Bank (QNB) (QNBK.QA), the Gulf’s largest lender by assets, reported on Monday that its first-quarter earnings jumped 7% as revenue from various...
Business
Last month’s regional banking crisis and a sluggish economy are projected to damage Wall Street banks’ quarterly earnings and year-end prospects. Refinitiv I/B/E/S analysts...
Business
As U.S. payrolls statistics supported additional Federal Reserve rate hikes, the yen fell versus key rivals on Monday, illustrating a widening difference with Japan,...
Finance
In a Saturday interview, Finance Minister Magnus Brunner claimed that Austria’s financial industry is not affected by the global banking crisis. “Our banks worked...
Business
UK investors poured 960 million pounds ($1.2 billion) into equities funds in March, reversing January and February withdrawals, according to funds network Calastone. Calastone...
Business
A top finance ministry official told Reuters that China is negotiating with cash-strapped Pakistan to roll over a $2-billion loan that matured last week...
Economy
Barclays boosted its terminal rate prediction to 4.5% after the Bank of England’s eleventh straight rise last week. Barclays predicted a March BoE stop....
Business
On Monday, Australia and New Zealand Banking Group’s (ANZ.AX) CEO warned the new global banking turbulence might cause a financial catastrophe, but it was...
Business
Bloomberg News reported Saturday that U.S. regulators are considering expanding an emergency loan facility to allow First Republic Bank (FRC.N) additional time to strengthen...
Economy
On Friday, New York-based Cleary Gottlieb Steen & Hamilton hired London private equity partner Edward Aldred. Aldred spent his entire two-decade career at Linklaters,...
Economy
Despite better-than-expected economic statistics, the euro and pound sank dramatically versus a stronger dollar on Friday amid bank anxiety. European banking stocks fell, headed...
Economy
Britain’s finance ministry and Financial Conduct Authority (FCA) said EU financial market abuse regulations needed updating on Friday to help authorities combat transgressions. Following...
Economy
The Hong Kong Monetary Authority (HKMA) raised its overnight discount window base rate to 5.25% on Thursday, hours after the U.S. Federal Reserve did...
Business
After a historic Swiss-backed acquisition of Credit Suisse and a concerted action by global central banks to avoid a financial catastrophe, Asian authorities calmed...
Breaking News
European Central Bank officials are meeting on Thursday amid extraordinary financial market upheaval that might push it to abandon plans for another large interest...
Business
On Wednesday, Bain Capital co-managing Partner John Connaughton told Reuters that SVB Financial Group’s (SIVB.O) bankruptcy would hurt banks that have already cut lending....
Breaking News
On Wednesday, the U.N. Yemen mediator encouraged the warring parties to “seize the opportunity” to take major measures toward peace, saying a Saudi-Iranian rapprochement...
Breaking News
In a Tuesday filing, Albertsons Companies Inc (ACI.N) reaffirmed it would dispose of some shops controlled by the business and Kroger Inc (KR.N) to...
Business
Following Asian markets, the Indian rupee rose against the U.S. dollar on Wednesday, but importer-led dollar buying erased gains. After opening at 82.31, the...
Breaking News
The White House will announce a new military aid package for Ukraine on Friday. President Joe Biden and German Chancellor Olaf Scholz will discuss...
Breaking News
On Tuesday, South Korea’s presidential office announced the first economic security discussion between South Korea, the US, and Japan to improve supply chains and...
Business
In an interview with the German news magazine Spiegel published on Tuesday, the head of the European Investment Bank recommended a new fund to...
Business
China Renaissance, founded in 2005, is led by Chinese investment banker and investor Fan Bao. In Bloomberg Markets’ list of the 50 Most Influential...
Breaking News
Financial officials from the world’s major economies could not reconcile disputes on Saturday over the crisis in Ukraine. Nevertheless, according to sources, they inched...
Breaking News
To compete with Tesla (TSLA.O) and Chinese entrants, Mercedes-Benz (MBGn.DE) said on Wednesday that it has partnered with Google (GOOGL.O) on navigation and would...
Business
Due to high pricing and despite supply limitations, Italian spirits company Campari (CPRI.MI) announced a 9.6% growth in fourth-quarter like-for-like sales on Tuesday. The...
Entrepreneurship
Even as Europe’s largest bank posted a 92% increase in quarterly profit and promised more regular dividends and share buybacks, HSBC (HSBA.L) tempered investors’...
Business
Raiffeisen Bank, a Romanian universal bank, offers a full range of goods and services to private individuals, SMEs, and major organizations through numerous distribution...
Business
According to the search engine results, wall street investors were worried about persistent inflation and signs of strength in the US economy, which could...
Business
After recent US data indicated persistent inflation and a robust labor market, Goldman Sachs forecast that the US Federal Reserve will increase interest rates...
Business
General Motors, also called GM, is an American firm that, for a sizeable portion of the 20th and early 21st century, was the largest...
Entrepreneurship
Most people will be hoping for a better year than the one we recently experienced as we begin 2023. Many people will wish...
Business
A sixth-form class at University Technical College Heathrow studies risk and reward during the lesson before lunch. The students are animated and involved, debating...
Economy
It’s understandable why many people are unsure about 2023 after a year marked by high inflation, volatile stock markets, and rising interest rates. Nevertheless,...
Entrepreneurship
A stock market paradox, in which negative economic news is interpreted as positive for stocks, may have reached its conclusion. If that’s the case,...
Breaking News
Malaysia is a diverse, South East Asian country with a lot of billionaires. It is known for busy shopping districts, skyscrapers, fashion, and diverse...
Business
Reports from CNN London on Thursday said that Britain’s fast-growing digital financial service, Monzo is coming to the United States. Since its inception in...
Finance
What is the future for cryptocurrencies? At their highest points, Bitcoin and Ethereum were valued at $20,000 and $1,400, respectively. Since then, they have...
Business
Data development Google announced that it will invest $600 million into its data center outside Charleston, South Carolina. The data center is integral to...
Business
Has MoviePass finally found the solution? MoviePass, the subscription-based movie ticket service has changed its offerings once again, and it thinks that it has...
Business
All about the paper The only US producer of paper straws, Aardvark Straws, was acquired by manufacturer Hoffmaster Group on Monday. As cities and...
Politics
Commerce conundrum According to a report by Forbes, Commerce Secretary Wilbur Ross may have illegally siphoned over $120 million from business associates in the...
Finance
Tesla tossup Elon Musk announced on Tuesday that he is considering taking the company private, as he loathes having to constantly answer to investors....
Business
Bankrupt Brookstone Technology and furniture retailer Brookstone announced on Thursday that it will file for Chapter 11 bankruptcy. The company reported that it will...
Business
Not so sweet ending The parent company of the manufacturer that makes Necco and Sweethearts announced over the weekend that has closed abruptly. Round...
Finance
Will there be a new super-bank in town? The Financial Times reported on Tuesday that two of Europe’s largest commercial banks could potentially merge...
Business
Starbucks’s new policy allows non-paying customers to sit in their cafes and use their restrooms. A video centered on two African American men in...
Technology
iPhone X is not selling well because of its high price. Apple’s earnings report show an increase. Perhaps it’s because of how frequent each...
Finance
Amazon’s earnings in the first quarter is twice of its earnings before. The company plans to increase its Prime membership fee by 20%. Towards...
Finance
Facebook first-quarter reports show that its earnings and shares are all soaring up. The company has far exceeded Wall Street predictions. Despite the horrendous...
Finance
Uber Technologies is experiencing global challenges. Grab has procured Uber in Southeast Asia. Grab is a ride-hailing and logistics service based in Singapore. Its...
Technology
Users have found a way to overcome Spotify advertisements without paying. SEC filing shows 2 million users unaccounted for. While Youtube has recently revealed...
Business
For some time now, Alphabet, the parent company of our beloved Google, has been holding the position of the runner-up, right behind Apple Inc....
Finance
The Consumer Financial Protection Bureau has planned to adopt a rule that would prohibit financial firms from forcing Americans into arbitration in disputes over...
Finance
Shares of Snap, Inc. were valued at $16.99 when the market closed Monday, marking the first time the stock has dipped below its $17...
Finance
British payment processing company Wordplay announced Tuesday that JP Morgan Chase and Vantiv had each expressed interest in acquiring it. Wordplay made the announcement...
Finance
Uber announced a gross of $20 billion for the year of 2016, which is double what the company made just the year before. After...
Business
J.C. Penney can be added to the list of retailers closing some of its stores. Many consumers have shifted their focus to online shopping...
Business
Before its Super Bowl ad could hit televisions around America, Tiffany & Co. replaced its Chief Executive Officer, Frederic Cumenal. It would seem the...
Politics
President Trump’s message to pharmaceutical executives sounded quite the same as it was for automakers. The president met with companies like Merck & Co.,...
Finance
The forecast that President Donald Trump would enforce the prices of the aerospace industry prompted a publication by Andrew Left. Left, of Citron Research,...
Business
From President Trump’s criticizing Tweets to threats of “big border tax”, the start of the year has been slightly rocky for Ford. However, despite...
Economy
Millions of Americans had foreclosures on their homes or properties last year. However, the rates of foreclosure have hit a 10-year low since 2009....
Finance
From recently closing a few of its stores to borrowing money from the CEO, Sears Holdings struggles to keep its head above water. However,...
Economy
China’s yuan managed to reach its sharpest decline in the last twenty years. China’s foreign currency stayed above $3 trillion for December. The People’s...
Business
Until Anheuser-Busch InBev can hire a new owner, Coca-Cola has purchased majority shares for $3.15 billion in their Africa bottling company. Back in October...
Business
Women are moving up in the business world—or at least more so than they used to. According to Forbes, Amazon’s board is now made...
Finance
Remember when Facebook offered to buy Snapchat for $3 billion dollars? Remember when the world thought Snapchat’s founders were crazy for turning that offer...
Economy
The U.S. dollar is not all that it once was. Though it is still the most frequently traded currency around the globe, a recent...
Economy
According to a report from Bloomberg, over the past month, the number of Americans filing for unemployment benefits has declined, reaching an all-time low...
Finance
Understand Your Loans – Understand how repayment works. The repayment calculator and exit counselling (usually required upon graduation) are also extremely useful tools to...