In contrast, once a magnet for Chinese wealth, Singapore is stepping up with revamped anti-money laundering measures following a high-profile $3 billion laundering scandal. These regulatory changes have sparked frustration among wealthy Chinese residents and prompted some to reconsider their […]
Chinese bank lending jumped less than expected in June while some key money gauges hit fresh record lows, highlighting weak demand in the world’s second-largest economy as the country’s top leaders prepare to meet to lay out longer-term policy goals. […]
Citigroup (C.N), opens new tab beat Wall Street expectations for second-quarter profit on Friday, boosted by a 60% jump in investment banking revenue and gains in its services division, sending the company’s shares up 3% before the bell. The third largest U.S. […]
The rapid growth of private credit lending beyond its traditional market presents potential future risks to the U.S. economy due to lack of oversight and transparency, according to a new Moody’s Ratings report. Banks in recent years have experienced a […]
said it aims to achieve more than one billion pounds ($1.27 billion) in pretax profit as the London-listed low-cost airline outlined new medium-term targets. The company said its profit target came as it was working to increase its capacity at […]
Higher-for-longer interest costs and ample retail and office vacancies have pushed the sales of distressed investment properties in Hong Kong higher in the second quarter, a trend realtors expect to continue in an already tepid real estate market. An increasing […]
German inflation eased in June to 2.5%, the federal statistics office said on Thursday, confirming preliminary data. German consumer prices, harmonised to compare with other European Union countries, had risen by 2.8% year-on-year in May. Source: REUTER
NEW YORK/WASHINGTON, July 7 (Reuters) – Boeing (BA.N), opens new tab has agreed to plead guilty to a criminal fraud conspiracy charge and pay a fine of $243.6 million to resolve a U.S. Justice Department investigation into two 737 MAX fatal crashes, […]
At least 12 businesspeople received more than 1 trillion rubles, or about $11.4 billion, in dividends for all of 2023 and the first quarter of 2024, according to data reported by Bloomberg on Tuesday. The outlet compiled the data from publicly disclosed […]
The world’s No.2 cryptocurrency has remained in the wings this year as big brother bitcoin soared to all-time highs on the back of new U.S. exchange-traded funds meant to track its price. But as companion ETFs for ether are set to hit the […]
