ECB’s Stournaras sees just three rate cuts in 2024 on strong growth
FRANKFURT, May 3 (Reuters) – The European Central Bank is “most likely” to cut interest rates just three times this year as […]
Morgan Stanley, Frasers settle UK lawsuit over $1 bln margin call
LONDON, May 3 (Reuters) – British retail tycoon Mike Ashley’s Frasers Group (FRAS.L), opens new tab has withdrawn its London lawsuit against Morgan Stanley (MS.N), […]
Exclusive: Glencore studying an approach for Anglo American, sources say
LONDON, May 2 (Reuters) – Commodities group Glencore (GLEN.L), opens new tab is studying an approach for Anglo American (AAL.L), opens new tab, two sources […]
Deutsche Bank and union reach pay deal for Postbank employees
FRANKFURT, May 2 (Reuters) – Deutsche Bank’s (DBKGn.DE), opens new tab management has reached a pay deal with unions for thousands of workers at […]
SVB Financial to sell VC business SVB Capital
May 2 (Reuters) – Collapsed U.S. lender SVB Financial Group said on Thursday that an entity affiliated with Pinegrove Capital Partners will […]
Exclusive: Citigroup sees loan book hit in climate action ramp-up, document shows
NEW YORK/WASHINGTON, May 1 (Reuters) – Citigroup (C.N), opens new tab could suffer billions of dollars of losses in its loan book if the […]
EU announces 1 billion euros in aid for Lebanon amid a surge in irregular migration
BEIRUT (AP) — The European Union announced on Thursday an aid package for Lebanon of 1 billion euros — about $1.06 billion […]
Hong Kong central bank keeps key rate unchanged, tracks Fed decision
HONG KONG, May 2 (Reuters) – The Hong Kong Monetary Authority (HKMA) kept its base rate charged through the overnight discount window […]
Russian court cancels seizure of some JPMorgan funds in VTB dispute
MOSCOW, May 2 (Reuters) – A Russian court has cancelled the seizure of part of JPMorgan’s (JPM.N), opens new tab funds in Russia in […]
BlackRock signs agreement with PIF to accelerate growth of capital markets in Saudi Arabia by launching a Riyadh-based multi-asset investment management platform
BlackRock Saudi Arabia and the Public Investment Fund (PIF) today announced the signing of a memorandum of understanding (MoU) by which BlackRock […]
Goldman Sachs tops first-quarter estimates fueled by trading, investment banking
Goldman Sachs on Monday posted first-quarter profit and revenue that topped analysts’ expectations, fueled by a surge in trading and investment banking revenue. Here’s what […]
Fitch affirms AA rating for Emirates Development Bank
Fitch has affirmed the credit rating of Emirates Development Bank after the lender’s contribution to the UAE’s economy rose by 80 percent […]