April 22 (Reuters) – European shares edged higher on Monday with investors bracing for earnings reports from several big banks later in the week, while Portuguese oil firm Galp soared to a 16-year high following a positive update to its […]
April 19 (Reuters) – The Federal Court of Australia has fined Macquarie Bank A$10 million ($6.4 million) for its lack of controls to detect and prevent unauthorised fee transactions carried out by third parties on customer accounts, the securities regulator […]
HONG KONG, April 18 (Reuters) – UBS is shutting down some of its China private funds business and will lay off one-third of the staff as the Swiss bank cuts operating costs in the country, said three sources with direct […]
HELSINKI, April 18 (Reuters) – Finland’s Nordea (NDAFI.HE), opens new tab reported first-quarter profits above expectations on Thursday and said its strong performance would continue this year and next, despite falling interest rates. The Nordic region’s biggest bank said first quarter return […]
WASHINGTON, April 16 (Reuters) – The International Monetary Fund is cautioning against overexuberance in markets as investors look for central bankers to pull off a “soft landing” in their years-long inflation battle. In its latest semi-annual Global Financial Stability Report, […]
The World Bank has revised its forecast for the UAE’s real GDP growth in 2024 to 3.9 percent, up from its previous projection of 3.7 percent made in January. In an economic update on the Middle East and North Africa (MENA) […]
April 16 (Reuters) – Bank of New York Mellon (BK.N), opens new tab beat Wall Street expectations on Tuesday with a 5% increase in profits, as rising asset values boosted investment services fees, more than offsetting lower interest income for the world’s […]
ZURICH, April 16 (Reuters) – UBS (UBSG.S), opens new tab said on Tuesday it expects low single-digit growth in first-quarter combined net interest income (NII) for wealth management and personal and corporate banking, upping the previous guidance for the two core business […]
Germany is charting a new course in environmental policy with an innovative program that rewards industries for every ton of carbon dioxide emissions they cut, setting a precedent for supporting the deployment of clean technologies worldwide. This move, aimed at […]
MILAN, April 11 (Reuters) – UniCredit (CRDI.MI), opens new tab said the European Central Bank had authorised it to buy back its own shares for 3.085 billion euros ($3.3 billion), approving the second instalment of the Italian bank’s overall buyback plans over […]
