Vietnam Property Tycoon Faces Verdict In Multi-billion Dollar Fraud Case
A top Vietnamese tycoon faces a potential death sentence as she awaits verdicts in one of the biggest corruption cases in history, with $27 billion in damages.
Divided G20 Blocked By 'Impasse' Over Ukraine, Gaza
The first G20 finance ministers' meeting of the year ended Thursday without a joint statement due to deep divisions over the wars in Ukraine and Gaza, officials said.
Sticky UK Inflation Stokes Bank Of England Rate-cut Debate
British annual inflation steadied last month, official data showed Wednesday, but prices still rose at double the Bank of England's target rate, adding to uncertainty over the timing of an interest-rate cut.
'Labour Is The Party Of Business,' UK's Starmer Tells Corporate Bigwigs
UK opposition leader Keir Starmer promised Britain's corporate community Thursday that his Labour party would better marshal the economy than the ruling Conservatives if elected.
Economic Headwinds Blow Stocks Lower Around The World
Global stocks moved lower on Wednesday as stronger than expected US retail sales data dimmed investors' hopes for an early start to interest rate cuts.
Dow Tops 37,000 As Dollar Tumbles On 'Dovish' Fed Decision
The Dow rallied to an all-time record Wednesday while the dollar tumbled after the Federal Reserve signaled it expects interest rate cuts in 2024.
Israel-Hamas War A 'New Cloud' Over World Economy: IMF
The war between Israel and Hamas has cast a shadow over the IMF-World Bank annual meetings in Morocco, with warnings Thursday that it has darkened the outlook for an already sluggish global economy.
Bill Ackman Says He'd Invest In X Through His SPARC Structure
Bill Ackman claims Elon Musk could go toward lowering X's crushing debt load if Pershing Square were to invest in the company.
Wall Street Mixed While Europe Sinks On Renewed Rate Worries
Wall Street stocks were mixed Monday after the US narrowly avoided a government shutdown, while European indexes tumbled on renewed interest rates concerns.
Oil Rally Cools, Providing Relief For Stocks
Oil prices flirted with one-year highs on Thursday before falling in a bout of profit-taking, which tempted investors back into stocks after several days of losses over inflation fears.
The ten challenges impacting the financial services industry
To ensure it survives and prospers, the financial industry needs to overcome ten challenges, and it is vital that they do.
Eurozone inflation stagnates in August
Eurozone inflation remained unchanged in August, official data showed Thursday, leaving the European Central Bank faced with a conundrum over whether to continue hiking interest rates amid fears of a deepening economic downturn.
Stocks mixed as China rate cut fails to ease worries
Global stocks were mixed Monday with the tech-centered Nasdaq rallying after a Chinese rate cut failed to reassure investors worried about the outlook for the world's number two economy.
Most markets sink as China rate cut fails to ease economy worries
Most Asian markets fell Monday as China's decision to cut interest rates again failed to reassure investors, who are growing increasingly worried about the outlook for the world's number two economy.
Stocks diverge as US economy shows resilience
Stocks diverged Thursday as investors weighed strong US economic data against further signs that central banks are likely to continue hiking interest rates to fight inflation.
Stocks diverge as US rally loses steam
Stock markets diverged Wednesday as a rally fueled by upbeat US economic data ran out of steam, but the dollar got a boost on rate hike comments.
Former SVB head draws outrage at hearing on US bank failures
Becker attributed SVB's demise to a "social media fueled" bank run based partly on rumor.
Biden 'optimistic' on debt talks with Republicans as default looms
Treasury Secretary Janet Yellen has warned a default could occur by June 1.
Crises from Ukraine to banking await G7 finance ministers
EU officials are already discussing halting exports of sensitive technologies to eight Chinese companies over suspicions they are selling them to Moscow.
Wall Street is divided over impact of strong Chinese economic growth
Earlier this week, the US received encouraging economic indicators. However, analysts are considering the pros and cons as Chinese growth also beat expectations.
Rate-hike fears keep stocks rangebound
Markets fear that the monetary tightening by central bankers will tip the economy into recession.
Consumer Sentiment Analysis Reveals the Best U.S. Business Banks
Rapid technological advances and fast-changing consumer behaviors have forced retail...
Stocks mixed after more interest rate hikes
Wall Street bounced but European markets wobbled Thursday as investors weighed fresh interest rate hikes by central banks and signs of a possible pause in US monetary tightening following turmoil in the banking sector.
Global central banks open daily dollar taps to help banks
Top central banks, faced with the risk of a fast-moving loss of confidence in the stability of the financial system, moved on Sunday to bolster the flow of cash around the world.
Large U.S. banks view Credit Suisse exposure as manageable -sources
Large U.S. banks have managed their exposure to Credit Suisse in recent months and view risks from the lender as contained so far, according to three industry sources on Wednesday who declined to be identified because of the sensitivity of the situation.
CEO of failed Silicon Valley Bank no longer a director at SF Fed
The chief executive officer of failed Silicon Valley Bank, Greg Becker, is no longer on the board of directors at the Federal Reserve Bank of San Francisco.
Putin's 'friend' allegedly helped him move millions through Swiss bank accounts
Four bankers have been charged with moving millions of francs through Swiss bank accounts for Russian President Vladimir Putin.
Bao Fan: China's high-profile personalities that went missing before billionaire banker
Bao Fan's mysterious disappearance is not the first of it's kind as there are a number of other Chinese business leaders who went missing in the last few years.
Ex-Goldman banker Ng deserves 15 years in prison, US prosecutors say
U.S. prosecutors on Friday urged a judge to sentence former Goldman Sachs banker Roger Ng to 15 years in prison after he was convicted of helping loot billions of dollars from Malaysia's 1MDB sovereign wealth fund.
Regulator censures Credit Suisse for Greensill blunders
Swiss regulators have rebuked Credit Suisse for "serious" failings in its handling of a multi-billion business with now defunct financier Greensill, the third such public censure in two years.