Tag: Financial Services
over 1 year ago
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Saudi Crown Prince Tangles With Sovereign Wealth Fund Over How to Invest Oil Riches

Prince Mohammed bin Salman has vexed financial officials at times as he pushes pet projects on the Public Investment ...

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over 1 year ago
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China’s Robinhoods Are Still Out in the Cold in 2023

Beijing is sending more friendly signals to businesses lately but not to Robinhood-like online brokers in the new year.

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over 1 year ago
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Japan’s Banks Get a Shot in the Arm

A tweak to Japan’s “yield curve control” interest-rate policy has lit a fire under the country’s financial stocks.

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over 1 year ago
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The Bank of Japan Shocked Markets, but Not These Investors

Betting against the Bank of Japan has finally begun to pay off.

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over 1 year ago
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The Bank of Japan Steals Christmas

The central bank’s decision to raise its effective cap on 10-year government bond yields adds an extra dollop of unce...

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over 1 year ago
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Swiss Central Bank Follows Fed With 0.5-Point Rate Rise

The decision kick-starts a busy day for monetary policy in Europe, with the Bank of England and the European Central ...

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over 1 year ago
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Interest-Rate Paths for U.S., Europe Set to Diverge

While the Fed slows its pace of rate increases, European and U.K. central banks will press ahead.

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almost 2 years ago
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The Weak Yen is a Mixed Blessing for Japan Inc.

A weak currency is typically viewed as a tailwind for export heavyweight Japan, but the picture has grown more compli...

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almost 2 years ago
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Hong Kong’s Stock Market Struggles to Find Shelter From the Storm

When Hong Kong hosted a summit for some of Wall Street’s top executives in early November, its aim was to show the ci...

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almost 2 years ago
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Why Hong Kong’s Makeover Will Founder

Hong Kong has achieved stability at a steep cost to its economy and freedoms, and the prospects for improvement look ...

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almost 2 years ago
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WSJ News Exclusive | Tiger Global Halts New Chinese Equities Investments

The firm is reassessing its exposure to the world’s second-largest economy after President Xi Jinping cemented his co...

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almost 2 years ago
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What Saudi Arabia’s Biggest Bank Wants With Credit Suisse

Saudi National Bank intends to bring the Swiss lender deeper into the kingdom’s financial markets after cinching a de...

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almost 2 years ago
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Credit Suisse Might Have Hit Rock Bottom

The embattled bank’s recovery plan was bolder than expected, potentially marking a line in the sand for long-sufferin...

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almost 2 years ago
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ECB Raises Rates by 0.75 Point to Highest in More Than a Decade

The European Central Bank increased interest rates by three-quarters of a percentage point for the second time in a r...

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almost 2 years ago
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Rising Rates Are Banks’ Frenemies

HSBC and UBS are earning more interest income but a tighter monetary policy is also testing their different business ...

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almost 2 years ago
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U.K. Inflation Reaches 10.1% as Government U-Turns Cloud Outlook

Consumer prices rose by double digits in the 12 months through September, but where inflation goes next depends on a ...

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almost 2 years ago
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U.K. Treasury Chief Jeremy Hunt Looks to Reassure Markets With New Tax Plan

Jeremy Hunt will unveil new public spending and tax policies as he looks to reassure markets that were spooked by Pri...

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almost 2 years ago
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What Happens After Bank of England Bond Purchases End on Friday

The backup plan for pensions is a new repo lending facility. Bankers and investors say interest in it could be limited.

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almost 2 years ago
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Bank of England Further Expands Bond-Market Rescue

The BOE added inflation-linked government bonds to its program of bond purchases after a fresh attempt to extend supp...

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almost 2 years ago
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Nobel Prize in Economics Winners Include Former Fed Chair Ben Bernanke

The other two winners were Douglas Diamond and Philip H. Dybvig, whose work helped governments and central bankers na...

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almost 2 years ago
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Bank of England Offers Further Support for Pension Funds Amid Crisis

The bank offered to buy long-dated U.K. government bonds in larger amounts and said it would provide continuing suppo...

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almost 2 years ago
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Saudi Sovereign-Wealth Fund Joins 100-Year Bond Club

Saudi Arabia joined the small club of issuers that have borrowed for 100 years from investors, with its sovereign-wea...

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almost 2 years ago
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U.N. Calls On Fed, Other Central Banks to Halt Interest-Rate Increases

The Fed’s rate increases so far this year would reduce poor countries’ economic output by $360 billion over three yea...

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almost 2 years ago
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Credit Suisse Has No Time to Lose

The bank risks getting caught in a doom loop as worries flood into a strategic vacuum while investors wait for a new ...

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almost 2 years ago
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Saudi Sovereign-Wealth Fund Reveals Finances for First Time Ahead of Bond Sale

Saudi Arabia offered a first look inside the performance of its $600 billion Public Investment Fund, revealing that i...

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almost 2 years ago
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Credit Suisse Needs the Deal of the Decade

The bank’s deal-makers can prove their worth by finding a creative way to avoid raising capital with a rock-bottom st...

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almost 2 years ago
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Abu Dhabi Oil Giant in Talks to Buy Trader Gunvor

The early-stage talks could lead to a deal creating one of the world’s largest traders of oil-and-gas products.

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about 2 years ago
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Zip to Exit U.K. After Annual Loss

Zip Co. will close its U.K. operations as the Australian buy-now-pay-later provider seeks profitability in the wake o...

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about 2 years ago
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Sezzle Cuts Cash Burn as It Targets Profitability by End of 2022

Buy-now-pay-later provider Sezzle Inc. said it cut monthly cash burn by more than 50% since the end of the second qua...

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about 2 years ago
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Russian Oil Cap Push Faces Doubts From Energy, Finance Industry

Biden administration officials, meeting with businesses about the strategy, have faced hard questions about the plan’...

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about 2 years ago
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IAG’s FY Margin Misses Guidance as Natural Peril Costs Soar

Insurance Australia Group’s annual insurance profit margin fell to 7.4% from 13.5% in the prior fiscal year and below...

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about 2 years ago
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Zip Co. Reviews International Operations in Effort to Cut Cash Burn

UPDATED: Australian buy-now-pay-later operator Zip Co. is reviewing its non-U.S. international operations and retirin...

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about 2 years ago
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Buy-Now-Pay-Later Providers Zip, Sezzle Scrap Merger Plans

Zip and Sezzle have scrapped the planned merger that they had hoped would create the scale to better compete in the c...

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about 2 years ago
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Australian Payments Firm Openpay Withdraws From U.S. as Capital Costs Rise

Openpay Group is withdrawing from the U.S. installment payments market to focus solely on its native Australia, citin...

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about 2 years ago
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Latitude, Humm Terminate BNPL Deal Due to Market Turmoil

Latitude Group Holdings scrapped its acquisition of Humm Group’s consumer finance operations, citing the financial-ma...

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about 2 years ago
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Blackstone’s Crown Resorts Takeover Approved by Australian Court

UPDATED: Blackstone’s $6.07 billion takeover of Australia’s Crown Resorts was approved by the country’s federal court...

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about 2 years ago
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Blackstone’s Crown Takeover Edges Closer With License Approvals

UPDATED: Blackstone’s $6.3 billion takeover of Australia’s Crown Resorts edged closer to approval after regulators in...

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about 2 years ago
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Analysis: BNPL Firms Change Tack as Economic Outlook Dims

A cloudy economic outlook and increased investor focus on profitability over growth is forcing some buy-now-pay-later...

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over 2 years ago
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Pushpay Talking With Multiple Parties Amid BGH-Sixth Street Interest

Pushpay Holdings is in early-stage talks with multiple parties interested in a potential acquisition of the tithing a...

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