Finance

Euro zone inflation hits yet another record high after big jump

Euro zone inflation rose to another record high in July and its peak could still be months away, keeping pressure…

3 years ago

China’s ‘common prosperity’ drive slashes pay and perks for investment bankers

China's well-heeled financial dealmakers are getting a crash course in austerity with pay cuts and perks reined in, as their…

3 years ago

‘Recession is in the air’: German economy stagnates in 2nd quarter

The German economy stagnated in the second quarter, data showed on Friday, with the war in Ukraine, the pandemic and…

3 years ago

Cryptoverse: What crisis? Venture capitalists bet big on crypto

Even as the crypto sector shivers in the bleak winter, venture capitalists are pouring money into digital currency and blockchain…

3 years ago

Alibaba aims to add primary listing in Hong Kong, woo China investors after crackdown

Alibaba (9988.HK) plans to add a primary listing in Hong Kong to its New York presence, targeting investors in mainland China as…

3 years ago

Credit Suisse eyes more cost cuts, SonntagsZeitung reports

Credit Suisse (CSGN.S) is considering how it could cut costs further after a dismal performance by the embattled bank in the past…

3 years ago

KPMG escapes record fine over Carillion, Regenersis audit checks

KPMG was fined 14.4 million pounds ($17.27 million) on Monday after the accounting firm admitted to providing false and misleading…

3 years ago

Russian rouble weakens as market takes stock of rate cut

The Russian rouble weakened in jittery Moscow trade on Monday, adjusting to the central bank's decision to slash interest rates…

3 years ago

GLOBAL ECONOMY Global slowdown fears darken as cost of living bites

The global economy looks increasingly likely to be heading into a serious slowdown, just as central banks aggressively reverse ultra-loose…

3 years ago

Nasdaq profits top Wall Street views as software services rise

Nasdaq Inc (NDAQ.O) on Wednesday reported quarterly profits that beat Wall Street expectations, as traders turned to the exchange operator's investment-related products…

3 years ago