Sterling, down about 15% this year and wallowing around 2-1/2 year lows against the dollar, was expected to hover near Tuesday's $1.16 level in one and three months time.

Share markets pushed higher and Europe's bond markets and euro stole a breather from energy-price driven sell-offs on Thursday, as investors waited to hear the latest reaction of the world's top central bankers to soaring inflation.

Banking giants such as JPMorgan Chase & Co and Bank of America collectively face more than $1 billion in regulatory fines for employees' use of unapproved messaging tools, including email and apps like WhatsApp.

Credit Suisse has hired Deutsche Bank's Dixit Joshi as chief financial officer and promoted Francesca McDonagh to chief operating officer as the Swiss lender's new boss overhauls the top ranks.

Still uncertain on where U.S. stocks are headed, equity hedge funds are sitting out the market rally despite taking big paper losses on bearish bets since June, according to industry executives and market data.

European shares rose on Friday after GSK led a rebound in healthcare stocks, while Flutter fuelled a rally in the travel and leisure sector after an upbeat earnings forecast.

A hot, dry July made worse by climate change has raised the risk that the German economy could run aground as sinking Rhine waters make shipping along the river harder.

Already bracing for recession and winter energy shortages, German businesses are grappling with the lack of another precious commodity: rain.

European shares edged lower on Friday as crude prices continued to weigh on energy stocks, with all eyes on U.S. jobs data expected later in the day.

Regulators require finance companies to keep a record of vast swathes of staff communications to deter and uncover infringements such as insider trading.

European banks this week offered flashes of surprisingly good news on profits, but some executives spoke of a bleak outlook for the rest of the year.

A cocktail of global growth fears, Federal Reserve hawkishness and euro weakness has boosted the U.S.

The resignations -- after a succession of crises that led to a vote of confidence in Johnson's leadership -- did nothing to dampen speculation that both men still have an eye on the top job.

If dramatic losses seen in the first half of 2022 are maintained over the coming months, U.S.

Climate activists from Peru to Uganda are descending on Deutsche Bank's headquarters in Frankfurt this week to call on Germany's largest lender to stop financing fossil fuel companies.

Japan's government bond market is being pushed to breaking point in a contest between foreign speculators and the Bank of Japan, creating challenges for loan pricing and bond sales and raising the prospect of government financing tangles down the track.

Britain will begin live testing of crypto blockchain technology for traditional market activities such as trading and settlement of stocks and bonds next year as part of a drive to become a global "crypto hub", the finance ministry said on Tuesday.

The bulk of the selling in both stocks and bonds has been coming from wealthier and older investors, who are reducing their overall risk exposure, mainly through the selling of mutual funds

Crypto markets were steadier on Friday after a week of turmoil, as the risk-off mood combined with the spectacular collapse of stable coin TerraUSD.

OPEC said its meeting would reconvene on Monday at the cartel's Vienna headquarters.

Johnson praised Hancock for his role in Britain's succesful vaccine rollout, which he called "one of the greatest successes of the modern state".

Mining cryptocurrency is a hugely energy-intensive process requiring large amounts of electricity in giant data centers.

Bloomberg predicts that it will take until 2060 before China can meet its cryptocurrency industry's needs through renewable energy.

Assessing the state of Trump's finances is difficult because of the opaque nature of government disclosure information and the private status of the Trump Organization.

By mid-August, a total $274 billion in junk bonds had been issued in the US.

Even renowned hedge fund manager Paul Tudor Jones believes a bullish turnout is in the making for Bitcoin.

The crash will almost certainly be accompanied by a surge in unemployment, especially in countries with weaker worker rights, such as the US.

Trump's 5% tariffs on Mexico will eliminate 400,000 US jobs -- and that's just for starters.

Banks and big businesses worldwide are boycotting hotels owned by the Sultan of Brunei on account of that country's new law that sentences gays to death for homosexual acts.

E-commerce and ads will create a virtuous cycle.