Zurich Insurance Shares Rise On H1 Profit Beat, Share Buyback
Zurich Insurance Group reported a better-than-expected 25% rise in operating profit in the first half on strong performance across the board and announced a bumper 1.8 billion Swiss francs ($1.91 billion) share buyback on Thursday, sending its shares higher.
Monte dei Paschi enlists more banks for cash call as legal risks rise
State-owned Italian bank Monte dei Paschi di Siena (MPS) said four more banks had agreed to back its upcoming 2.5 billion euro ($2.6 billion) cash call.
Austria's RBI sees big profit gains in Russia and Belarus
The Russian and Belarusian operations of Raiffeisen Bank International (RBI) posted the sharpest gains in profit among its subsidiaries in the first half.
Bank of England to get more aggressive with 50 Bps hike on Thursday
The Bank of England is now expected to lift borrowing costs by a bigger 50 basis points to 1.75% on Thursday as it battles soaring inflation, according to a Reuters poll taken over the past week after several economists changed their minds.
Barclays latest global bank ensnared in U.S. 'Whatsapp' probes
Regulators require finance companies to keep a record of vast swathes of staff communications to deter and uncover infringements such as insider trading.
Barclays profit dented after $2 billion cost of blunder
Barclays' first-half profit fell more than expected due to a 1.9 billion pound ($2.3 billion) hit by regulatory missteps.
Euro Zone Stocks Choppy As ECB Starts Rate Hike With A Big Stride
Euro zone stocks slipped in volatile trading on Thursday as investors assessed the impact of an aggressive 50 basis point interest-rate hike by the European Central Bank amid growing worries about a recession and a political turmoil in Italy.
The Hike Is (almost) Here! Now For What Comes Next: Five Questions For The ECB
The European Central Bank is set to deliver its first interest-rate hike since 2011 this week, yet markets are already fast-forwarding to focus on the path for higher rates beyond Thursday as economic prospects darken.
Exclusive: Barclays seeks entry into China's $4.3 tln asset management market - sources
Barclays is seeking a Chinese banking partner to set up an asset management joint venture in the country, two people with knowledge of the matter said, as part of British lender's plans to expand its footprint in the world's second-largest economy.
Safe haven dollar stands tall on inflation, energy jitters
The euro languished at $1.01475, having lost 2.3% last week and briefly falling to its lowest since late 2002.
Exclusive-Barclays veteran trader Nat Tyce to leave bank - memo
Barclays Head of Macro Trading for EMEA and Asia Pacific, Nat Tyce, is leaving after more than 25 years, a staff memo seen by Reuters shows, after transforming the trading unit into one of the bank's highest-flying divisions.
U.S. Banks Finally See Upturn In Credit-card Borrowing
Big U.S. banks including JPMorgan Chase & Co and Citigroup appear set for some earnings boost from a pick-up in the battered credit-card business, but a possible recession would pull consumers back and bring losses on outstanding loans.
UK Lenders No Longer Too Big To Fail, Says BoE
The Bank of England said on Friday it was satisfied lenders had taken steps to ensure they were no longer "too big to fail" in any future crisis, though it found shortcomings at three major banks.
We Need To Talk About Gucci: Kering Sets Plan To Boost Brand In China
Kering will outline plans to reinvigorate sales at its star label Gucci this week, throwing the spotlight on its approach in China - a key growth driver for leading luxury houses that has been hit by its new COVID lockdowns.
Yen weak versus dollar, euro ahead of busy central bank week
The Japanese yen was on the back foot on Monday, ahead of a busy policy-focused week in which inflation will be in the spotlight with a major European Central Bank meeting and U.S.
Dollar starts week on strong footing on firm safe-haven bid
Crypto markets, which trade around the clock, had a quiet weekend after turmoil last week driven by TerraUSD, a so-called stablecoin, broke its dollar peg.
UK govt accused of 'cover-up' over Russian-born press baron
Johnson's friendship with the Russian-born businessman dates back to his eight years as mayor of London from 2008.
Asian stocks follow Wall St futures lower
Core inflation is actually seen rising by 0.4% in April, up from 0.3% the previous month, even as the annual pace dips a bit due to base effects.
China data to show sharp March deterioration as COVID bites, but solid Q1 growth
Analysts say April readings will likely be worse, with lockdowns in commercial centre Shanghai and elsewhere dragging on
Replacing the Queen -- Barbados's first president, Sandra Mason
On October 21, 2021, Mason was chosen to be the first president of Barbados almost unanimously at a special sitting of the lower and upper houses of parliament.
NBA: Kyrie Irving barred from playing for the Nets, GM Sean Marks explains
Kyrie Irving will not be allowed to join the Brooklyn Nets for practice or games until he is fully vaccinated against Covid-19.
NBA star set to lose millions for being anti-vaxxer, banned from practice and future games
Kyrie Irving has refused to get vaccinated against Covid-19
Billie Eilish caught on camera dissing Jennifer Lopez at VMAs
Meanwhile, the "Bad Guy" hitmaker is facing backlash after winning the best Latin VMA award.
Conor McGregor tries to punch Machine Gun Kelly at VMAs (Video)
The men got into a fight on the red carpet with the UFC fighter trying to go physical on the singer.
London's City finance hub mulls post-Covid future
Almost 80 percent of City workers plan to be back in the office from September
Beyoncé's mum shuts down rumours that singer battles social anxiety
Knowles-Lawson called Jay-Z's touch as a show of affection and nothing more.
Indian economy contracted by record 7.3% in 2020-21
India's economy was in the throes of a prolonged slowdown even before Covid-19 struck, but the pandemic untraveled years of gains.
5 Businesses that are part of the core economy of London
London is a bustling city in the United Kingdom and it also has the title of being the capital city. Standing on the Thames it has been a major settlement for at least two millennia. London is also one of the most important cities in the world and is also quite desirable. It has four world heritage sites and has quite a bit of history on its side.
NBA transfer news: Russell Westbrook may play for the Knicks next season
The Knicks have the salary cap space for Westbrook and have been looking for a superstar for the past two seasons.
UK expats count Brexit impact as banks shut accounts
One of the first direct consequences of Brexit, the move by UK lenders to shut expat services is said to affect tens of thousands of people across Europe.