Tag: banking
about 1 year ago
cnn.com

Oil rises, US stock futures drop on turmoil in the Middle East

Oil prices surged and US stock futures fell on Sunday night in their first reaction to Israel’s war with Hamas.

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about 1 year ago
wsj.com

Higher Rates Are Supercharging Japan’s Banks

After years of low margins, a quiet sea change is under way

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about 1 year ago
cnn.com

Another top Silicon Valley investor is splitting off its China business as pressure mounts

GGV Capital, a prominent Silicon Valley venture capital firm, has become the latest big investor to break up its US a...

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about 1 year ago
wsj.com

U.K. Inflation Falls Unexpectedly, Easing Pressure on Bank of England

Central bank was expected to raise its key interest rate Thursday, but that now seems less certain

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about 1 year ago
cnn.com

Australia’s first female central bank chief takes charge as cost of living crisis rages

Australia’s new central bank chief, Michele Bullock, took the helm Monday after a firestorm of criticism over rising ...

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about 1 year ago
cnn.com

China property woes deepen as a big developer suspends debt payments

A major Chinese property company has suspended offshore debt payments, deepening turmoil in the beleaguered sector.

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about 1 year ago
cnn.com

China is huge for chip designer Arm. That’s a risk for its new investors

As British chip designer Arm prepares to raise about $5 billion in an initial public offering (IPO) on Thursday, its ...

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about 1 year ago
cnn.com

Arm’s IPO could value the chip company at $52 billion. Apple, Google and Nvidia show interest

A who’s who of Big Tech companies is set to invest in one of the most highly anticipated initial public offerings in ...

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about 1 year ago
cityam.com

Haldane: Bank of England printed money for too long, and recession's 50:50 - CityAM

Bank of England's former chief economist says Bank persisted 'too long' with quantitative easing - helping to fuel in...

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about 1 year ago
cityam.com

City quintet head for Singer just a year after arriving en masse at WH Ireland - CityAM

A team of City veterans have found a new home, launching a debt capital markets division away from the embattled brok...

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about 1 year ago
cnn.com

Four million children in Pakistan have no safe water, a year after deadly floods

One year after catastrophic floods devastated swathes of Pakistan, some 4 million children in the South Asian nation ...

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about 1 year ago
cnn.com

VinFast shares soar again as buzz over Vietnamese EV maker grows

Shares of VinFast, the Vietnamese electric vehicle maker that went public in a red-hot Wall Street debut last week, e...

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about 1 year ago
cnn.com

China disappoints investors with ‘underwhelming’ decision on key interest rate

China has surprised investors by deciding not to cut an important interest rate that influences mortgages, in a move ...

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about 1 year ago
cnn.com

A Vietnamese electric carmaker is now worth more than Volkswagen and Ford

One of Vietnam’s biggest automakers has made a big splash on its entry to Wall Street, pushing its market capitalizat...

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about 1 year ago
cnn.com

Tesla stock falls after cutting prices in China again

Tesla is back to cutting prices in China, and investors don’t seem happy about it.

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about 1 year ago
wsj.com

China’s Shadow Banks Could Be Another Property Casualty

Missed payments from a well-connected trust firm come as China’s property market sinks again—and banks step back

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about 1 year ago
cnn.com

Chinese property giant Country Garden flags loss of up to $7.6 billion as it nears default

One of China’s biggest property developers says it has burned through up to $7.6 billion in the first half of the yea...

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about 1 year ago
cnn.com

US investment curbs deal ‘major blow’ to Chinese startups

New constraints on US investments in advanced technology in China will exacerbate a slump in deals between the world’...

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about 1 year ago
cnn.com

HSBC executive apologizes for calling the UK ‘weak’ over China

A top executive at HSBC has apologized after reportedly calling the UK government “weak” over its dealings with China...

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about 1 year ago
wsj.com

Is a Stronger Yen Lurking Around the Corner?

The Bank of Japan’s surprising tweak to its monetary policy injects more uncertainty into the yen’s trajectory

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about 1 year ago
cityam.com

Robert Walters posts 60 per cent profit slump

A recruiter that is often viewed by analysts as a bellwether for the UK jobs market has posted a 60 per cent drop in ...

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about 1 year ago
cnn.com

HSBC raises outlook as profits nearly double

HSBC’s profits have soared as it continues to cut costs and cash in on high interest rates around the world.

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about 1 year ago
wsj.com

Why the Drivers of Lower Inflation Matter

Competing effects of central banks, healing supply chains affect recession odds

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about 1 year ago
inews.co.uk

Ousting of NatWest's first woman CEO 'raises questions of a double standard' - industry leader

Dame Alison Rose apologised to Nigel Farage last week but stepped down after facing pressure from ministers and other...

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about 1 year ago
inews.co.uk

Treasury could try to block 'multi-million-pound pay-off' for ex-Natwest CEO Alison Rose

Dame Alison's 'service agreement' with NatWest makes clear she had a duty to keep customer details confidential

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about 1 year ago
cityam.com

Banks dish out £7.8bn in dividends as rising interest rates boost profits - CityAM

UK banks have dished out bumper payouts to investors over the past three months as lenders rake in profits on the bac...

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about 1 year ago
cityam.com

City workers pocket above average 13 per cent pay rise

City workers pocketed an average 13 per cent pay increase when switching jobs over the last quarter, a report has found.

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about 1 year ago
cityam.com

Alison Rose resigns as Natwest chief over Farage leak after midnight board drama - CityAM

Alison Rose, the Natwest boss, stepped down from the bank amid a leak scandal after an extraordinary late night board...

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about 1 year ago
cityam.com

Atom Bank swings to first profit as juicy rates tempt in savers

Atom Bank has notched its first full year of operating profit after jacking up savings rates and nearly doubling its ...

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about 1 year ago
wsj.com

U.K.’s Stubborn Inflation Means More Pain for Homeowners, Renters

With price increases slowing down, the June retail sales report gives an update on which businesses are thriving and ...

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about 1 year ago
cityam.com

Finncap seeing 'green shoots' after swinging to £1.7m loss

Finncap said it is seeing “green shoots” of recovery in the market as the firm notched a jump in revenues after swing...

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over 1 year ago
wsj.com

Australian Consumer Confidence Fell Despite RBA Holding Rates

Australian consumer confidence slipped again last week even as the country’s central bank’s decision to hold interest...

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over 1 year ago
wsj.com

BOJ Needs More Confidence Inflation Will Stay High to Change Policy, Ueda Says

Central bank chief says Japan’s underlying inflation rate is still below 2%

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over 1 year ago
cnn.com

HSBC is downsizing its headquarters and leaving London’s Canary Wharf

HSBC is halving the size of its global headquarters and moving out of Canary Wharf, a business district built in the ...

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over 1 year ago
cnn.com

‘Nothing to hide’: AIIB will investigate claims of Chinese Communist Party control

A Beijing-based multinational lender is launching an internal review after Canada suspended its ties with the regiona...

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over 1 year ago
cnn.com

Canada freezes ties with Beijing-based development bank over claim of Communist Party control

Canada is suspending ties with a Beijing-based multinational lender — billed as Asia’s answer to the World Bank — pen...

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over 1 year ago
cityam.com

“In discussions”: What next for Crispin Odey’s City empire? - CityAM

Odey Asset Management has revealed it is in “active discussions” with its broker partners, after fresh misconduct all...

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over 1 year ago
cnn.com

What happens when $2 trillion is sucked out of the global economy? It may not be pretty

Central banks have been credited with averting a global depression twice over the past 15 years: Once after the 2008 ...

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over 1 year ago
wsj.com

Zambia Hikes Key Lending Rate to 9.5% After Inflation Spike

African nation is currently in negotiations with donors to restructure its staggering $18 billion foreign currency debt

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