Finance

Exclusive: China’s state banks seen acquiring dollars in swaps market to stabilise yuan

China's state banks stepped up their intervention to defend a weakening yuan on Monday, with banking sources telling Reuters these…

3 years ago

Goldman plans major overhaul to combine key units – source

Goldman Sachs is planning a major reorganization to combine its biggest businesses into three divisions with its storied investment banking and…

3 years ago

EXCLUSIVE ECB staff sees lower rate peak than market, sources say

European Central Bank staff see the need for fewer rate hikes than markets now estimate to tame inflation, according to…

3 years ago

Futures tick down ahead of big bank earnings, retail sales data

U.S. stock index futures edged lower on Friday as caution kicked in ahead of quarterly results from four of the…

3 years ago

Analysis: Massive turnaround for stocks puts traders on alert for more volatility

An eye-popping turnaround in stocks may be less bullish than hoped for, with traders saying short-term hedging activity buoyed equities…

3 years ago

BlackRock profit beats as ETF demand holds up against market rout

BlackRock Inc posted a smaller-than-expected drop in quarterly profit on Thursday as strong demand for exchange-traded funds and other low-risk products…

3 years ago

Analysis: Russian law on stock conversion baffles global banks, clients

Global investors and banks have been voicing confusion about their efforts to convert depositary receipts of Russian companies into ordinary…

3 years ago

Investors uneasy as market decline accelerates

The Bank of England maintained that it is emergency bond-buying program would expire this week, which caused more instability in…

3 years ago

PayPal says policy to fine customers for ‘misinformation’ was an ‘error’

PayPal Holdings Inc said on Monday it will not fine users for misinformation and an earlier policy update that said customers…

3 years ago

UK labour market exodus drives jobless rate down to 3.5%

Britain reported a record jump in the number of people leaving the labour market in the three months to August,…

3 years ago