finance

In Indonesian banking, rise in religious conservatism ripples across sector

A rise in religious conservatism in Indonesia is drawing talent away from what some view as un-Islamic jobs in banking,…

4 years ago

Bank of Canada to break sequence of lower terminal rates as governments splurge

With fiscal spending booming and households flush with cash, investors are betting that the Bank of Canada's next tightening cycle,…

4 years ago

Italy, hosting G20, will call for tougher ‘gig economy’ rules

Italy will call for tougher rules governing ‘gig economy’ workers when it hosts labour ministers of the world’s biggest economies…

4 years ago

Explainer: Mystery behind slump in India’s Adani Group company shares

Shares of companies controlled by Indian billionaire Gautam Adani recorded their biggest weekly losses ever. The six stocks cumulatively lost…

4 years ago

Danish ‘meme stock’ Orphazyme plunges after drug setback

Orphazyme (ORPHA.CO) slashed its financial forecasts on Friday after U.S. health regulators rejected its key drug candidate, sending shares in…

4 years ago

Asian shares up but set for weekly loss after hawkish Fed

Asian shares inched higher on Friday but were set for a weekly loss, while the U.S. dollar hovered near two-month…

4 years ago

Nasdaq closes up on tech stocks strength, as hawkish Fed limits S&P

Conviction in the strength of the economic recovery pushed investors into U.S. technology stocks on Thursday, driving the Nasdaq higher,…

4 years ago

U.S. senators propose 25% tax credit for semiconductor manufacturing

A bipartisan group of U.S. senators on Thursday proposed a 25% tax credit for investments in semiconductor manufacturing as Congress…

4 years ago

U.S. corporate junk-bond spread narrows, lowest since 2007

The yield spread between junk-rated corporate bonds and U.S. Treasuries tightened further late on Wednesday, falling to its lowest level…

4 years ago

Canadian regulator lifts banks’ capital buffer to record, priming for post-pandemic world

Canada's financial regulator raised the amount of capital the country's biggest lenders must hold to guard against risks to a…

4 years ago