Goldman Sachs still expects stubbornly high U.S. inflation to ease over the coming months, despite investors slashing bets for Federal Reserve interest rate cuts, after yet another print showed that consumer prices remain sticky. The consumer price index accelerated at a faster-than-expected pace […]
MOSCOW, April 9 (Reuters) – Russian banks’ profits this year could exceed the record levels achieved in 2023, Central Bank Deputy Governor Olga Polyakova said at a banking conference on Tuesday, an increase in the bank’s previous forecast. The bank […]
April 9 (Reuters) – Industrial and Commercial Bank of China (601398.SS), opens new tab is planning to issue as much as 40 billion yuan ($5.5 billion) of total loss-absorbing capacity (TLAC) bonds as soon as this month, Bloomberg News reported on Tuesday. […]
BERLIN, April 5 (Reuters) – Allianz (ALVG.DE), opens new tab agreed to sell Fireman’s Fund, its U.S. insurance unit for mid-sized corporations and entertainment industry clients, to Bermuda-based Arch Insurance (ACGL.O), opens new tab for $450 million in cash, the German insurer said on […]
SINGAPORE, April 8 (Reuters) – BNP Paribas (BNPP.PA), opens new tab, the euro zone’s largest bank, has appointed Aymar de Liedekerke Beaufort as its global banking head of Asia Pacific with immediate effect, it said on Monday. Beaufort, who has over […]
Crude oil prices experienced an uptick on Wednesday, continuing a positive trend influenced by OPEC+‘s steady production policy and escalating geopolitical tensions. West Texas Intermediate and Brent crude both saw increases, with respective gains of 0.85% and 0.87%. This rise reflects […]
Billionaire hedge fund manager Steve Cohen recently expressed skepticism regarding the Federal Reserve’s capability to bring inflation back down to its 2% target. Speaking on CNBC’s “Squawk Box,” Cohen highlighted the unexpected inflation data in early 2024 and discussed the potential challenges […]
Tonight’s Powerball drawing has escalated to a jaw-dropping $1 billion, marking only the fifth time in the lottery’s history that the jackpot has reached this monumental figure. With no grand prize winners in the last 38 draws, the anticipation and stakes are […]
Amid challenging economic conditions, the South African Revenue Service (SARS) has delivered a standout performance for the 2023/24 fiscal year. By collecting over R1.74 trillion, SARS not only exceeded its revenue targets but also showcased the effectiveness of its intensified […]
Amidst a turbulent financial quarter marked by a significant delivery shortfall, Tesla’s latest financial indicators reveal a complex narrative of resilience and challenges. The electric vehicle giant, helmed by the ever-controversial Elon Musk, finds itself at a crossroads, grappling with […]
