Big Chinese fund managers cap pay, claw back excess in ‘common prosperity’ push, sources say
Two of China’s leading fund managers have capped staff’s annual income and will claw back any excess, five people with direct knowledge […]
JPMorgan beats profit estimates on investment banking boost
JPMorgan Chase (JPM.N), opens new tab beat estimates for second-quarter profit on Friday, as its investment banking business benefited from a resurgence in dealmaking […]
ECB can continue to gradually lower rates, Panetta says
ROME, July 9 (Reuters) – The European Central Bank can continue to gradually reduce interest rates without jeopardising the current fall in […]
Hongkong Land plans $1 billion luxury retail destinations in financial hub
Hongkong Land announced a more than $1 billion, three-year investment in ultra-luxury retail in the heart of the city’s financial district on Wednesday. The […]
UOB, EnterpriseSG launch programme for SMEs to secure sustainability-linked financing
SMALL and medium-sized enterprises (SMEs) can pursue sustainability performance targets and obtain preferential loan rates from UOB, in a new programme launched […]
China’s central bank leaves key policy rate unchanged
SHANGHAI/SINGAPORE, May 15 (Reuters) – China’s central bank left a key policy rate unchanged when rolling over maturing medium-term lending facility (MLF) […]
India central bank scrutiny of financial firms leads to restrictions
MUMBAI, April 25 (Reuters) – The Reserve Bank of India’s (RBI) increased scrutiny of banks and other financial firms has resulted in […]
JPMorgan CEO Dimon says US economy is booming
April 23 (Reuters) – JPMorgan Chase (JPM.N), opens new tab CEO Jamie Dimon expressed confidence in a robust U.S. economy backed by strong employment […]
INTEL CLINCHES NEARLY $20 BILLION IN AWARDS FROM BIDEN TO BOOST US CHIP OUTPUT
WASHINGTON, March 20 (Reuters) – The Biden administration said it is awarding Intel (INTC.O), nearly $20 billion in grants and loans on Wednesday, […]