Volkswagen VOW3 -0.14%decrease; red down pointing triangle Group is investing $1 billion in electric-pickup maker Rivian Automotive RIVN 23.24%increase; green up pointing triangle, with plans to spend up to $5 billion as part of a software-development partnership. The deal, disclosed Tuesday, should provide a lift for […]
WASHINGTON, June 26 (Reuters) – The biggest U.S. banks would have enough capital to withstand severe economic and market turmoil, the Federal Reserve’s annual “stress test” exercise showed on Wednesday, but firms faced steeper hypothetical losses this year due to […]
LONDON, June 27 (Reuters) – British banks received a record 21.347 billion pounds ($27.01 billion) in funds from the Bank of England at its weekly short-term repo on Thursday, marking the 11th time in the past 14 repos that usage […]
MUMBAI, June 27 (Reuters) – A rapid rise in derivative trading volumes in India could pose several challenges, a central bank report said on Thursday, adding to warnings of the financial stability risks that could emerge from a surge in […]
NEW YORK, June 25 (Reuters) – BlackRock held onto board seats at six closed end funds last week after investment firm Saba Capital Management did not secure enough votes to replace directors or fire the fund manager, according to data […]
WASHINGTON, June 24 (Reuters) – Big U.S. lenders are expected to show they have ample capital to weather any renewed turmoil during this week’s Federal Reserve health checks, but will be conservative on investor payouts amid economic and regulatory uncertainties, analysts said. […]
Nomura (NMR) and its digital asset subsidiary Laser Digital found that over half of Japanese investment managers they spoke to plan to invest in digital assets in the next three years following a survey of institutional investors. The survey showed that 54% […]
LONDON, June 26 (Reuters) – The pound dipped on Wednesday as the dollar strengthened while investors waited for the release of the Federal Reserve’s preferred gauge of inflation on Friday. Sterling was last 0.2% lower at $1.2661, around where it […]
FRANKFURT/PARIS, June 26 (Reuters) – “Because it’s France” was how Jean-Claude Juncker, European Commission president at the time, explained Brussels’ decision in 2016 to give leeway to the large, founder member of the European Union on the bloc’s budget rules. […]
MOSCOW, June 25 (Reuters) – European banks leaving Russia would damage both Western and Russian companies, Kremlin spokesman Dmitry Peskov said on Tuesday, pointing to the many Western businesses that still operate and use banking services in Russia. With most […]
