Finance

Euro zone banks not facing up to reality of downturn, ECB says

Euro zone banks have not yet fully faced up to the reality of an economic downturn, so finance industry supervisors…

3 years ago

Analysis: Markets sigh with relief after Powell speech, but more turbulence likely ahead

A rally in U.S. stocks and bonds powered ahead after a speech by Federal Reserve Chairman Jerome Powell on Wednesday,…

3 years ago

Italy’s Enel to sell assets and focus on six main markets

Enel plans asset sales worth 21 billion euros ($21.5 billion) to reduce net debt and focus its transition to cleaner…

3 years ago

Exclusive: China set to fine Ant Group over $1 billion, signalling revamp nears end-sources

Chinese authorities are poised to impose a fine of more than $1 billion on Jack Ma's Ant Group, said six…

3 years ago

Dollar rises as China COVID worries spur safe-haven buying

The U.S. dollar was firmly higher against major currencies on Monday, as rising COVID-19 cases in China led to new…

3 years ago

Exclusive: Temasek considers sale of Advanced MedTech, likely valued at about $1 bln – sources

Temasek Holdings is exploring selling Advanced MedTech, multiple sources told Reuters on Monday, after the medical devices firm, fully-owned by…

3 years ago

Saudi wealth fund, BlackRock to jointly explore Mideast infrastructure projects

Saudi Arabia's sovereign wealth fund and BlackRock have signed an agreement to jointly explore infrastructure projects in the Middle East,…

3 years ago

Dollar edges up as Fed’s Waller cautions on inflation

The U.S. dollar steadied on Monday amid fading expectations of a less aggressive Federal Reserve interest rate hike after Governor…

3 years ago

Goldman Sachs promotes 80 people to elite partner rank

Goldman Sachs Group Inc promoted 80 bankers as partners of the storied Wall Street firm, up from 60 people in 2020,…

3 years ago

WeWork to exit 40 U.S. locations to cut costs, revenue outlook disappoints

WeWork Inc said on Thursday it will exit about 40 locations across the United States and forecast current-quarter revenue below…

3 years ago