News

Dollar drives higher, yen tumbles to 1998 lows

The safe haven dollar gained towards fresh two-decade highs versus major rival currencies on Monday, supported by fears over a global economic slowdown and bets on steep interest rate hikes by the U.S. Federal Reserve.

U.S. banks finally see upturn in credit-card borrowing

Big U.S. banks including JPMorgan Chase & Co (JPM.N) and Citigroup (C.N) appear set for some earnings boost from a pick-up in the battered credit-card business, but a possible recession would pull consumers back and bring losses on outstanding loans.

UK financial regulators to directly oversee cloud services

Britain’s financial watchdog will have powers to make onsite visits to oversee cloud computing firms like Amazon (AMZN.O), Google (GOOGL.O) and Microsoft (MSFT.O) that provide “critical” services to financial firms, the finance ministry said on Wednesday.

Russian rouble firms towards 62 vs euro, stocks down

The Russian rouble firmed in early trade on Thursday, heading towards 62 against the euro on the Moscow Exchange, while stock indexes inched lower, lacking new momentum and trading ideas.

Disney+ takes on rivals in Middle East streaming market

Disney+ (DIS.N) launched its steaming service in the Middle East and North Africa on Wednesday, vying for market share in a region where the population is young but few people so far use such services.

Dollar drives higher, yen tumbles to 1998 lows

The safe haven dollar gained towards fresh two-decade highs versus major rival currencies on Monday, supported by fears over a global economic slowdown and bets on steep interest rate hikes by the U.S. Federal Reserve.

U.S. banks finally see upturn in credit-card borrowing

Big U.S. banks including JPMorgan Chase & Co (JPM.N) and Citigroup (C.N) appear set for some earnings boost from a pick-up in the battered credit-card business, but a possible recession would pull consumers back and bring losses on outstanding loans.

UK financial regulators to directly oversee cloud services

Britain’s financial watchdog will have powers to make onsite visits to oversee cloud computing firms like Amazon (AMZN.O), Google (GOOGL.O) and Microsoft (MSFT.O) that provide “critical” services to financial firms, the finance ministry said on Wednesday.

Russian rouble firms towards 62 vs euro, stocks down

The Russian rouble firmed in early trade on Thursday, heading towards 62 against the euro on the Moscow Exchange, while stock indexes inched lower, lacking new momentum and trading ideas.

Disney+ takes on rivals in Middle East streaming market

Disney+ (DIS.N) launched its steaming service in the Middle East and North Africa on Wednesday, vying for market share in a region where the population is young but few people so far use such services.

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