© Reuters. FILE PHOTO: A coal-burning power plant can be seen behind a factory in China’s Inner Mongolia Autonomous Region By Huw Jones LONDON (Reuters) – Global banking rulemakers need
Category: Finance
finance, world economy,
Wells Fargo profit boosted by lower reserves, easing sales scandal costs
2/2 © Reuters. FILE PHOTO: A Wells Fargo logo is seen in New York City 2/2 By Noor Zainab Hussain and David Henry (Reuters) -Wells Fargo & Co bounced back
JPMorgan profits on capital markets in a cash-flush economy
© Reuters. FILE PHOTO: A J.P. Morgan logo is seen in New York City By Anirban Sen and Elizabeth Dilts Marshall (Reuters) -JPMorgan Chase & Co’s first-quarter results on Wednesday
Fed’s Kaplan: will be ‘a while’ until U.S. reaches full employment
© Reuters. FILE PHOTO: Dallas Federal Reserve Bank President Robert Kaplan speaks at the Commonwealth Club in San Francisco (Reuters) – Dallas Federal Reserve Bank President Robert Kaplan said Wednesday
Germany’s economic institutes cut GDP 2021 growth forecast to 3.7% – sources
© Reuters. FILE PHOTO: The spread of the coronavirus disease (COVID-19) continues in Frankfurt BERLIN (Reuters) -Germany’s economic institutes will cut their joint 2021 growth forecast for Europe’s largest economy
Asian-American businesses suffer outsized pandemic toll
2/2 © Reuters. Satay Thai Bistro and Bar in Las Vegas 2/2 By Jonnelle Marte (Reuters) – After it shut down for two months last year, Jan-Ie Low and her
Coinbase gets $250 reference price ahead of market debut
Coinbase snagged a reference price of $250 a share ahead of its watershed stock-market debut on Wednesday. The price set by the Nasdaq stock exchange would give the major cryptocurrency
IMF calls for additional euro zone fiscal stimulus in 2021-22
© Reuters. FILE PHOTO: International Monetary Fund logo is seen outside the headquarters building BRUSSELS (Reuters) – Euro zone countries should privide an additional fiscal stimulus of 3% of GDP
Arrested Suez ship fit for onward passage, manager says
© Reuters. A ship is seen after sailing through Suez Canal, in Ismailia CAIRO (Reuters) -The cargo vessel that blocked global shipping in the Suez Canal and is caught in
Dogecoin price soars to record high amid latest crypto frenzy
Dogecoin has the internet howling yet again. The cult coin nearly doubled its value in less than a day amid a new wave of investor enthusiasm for cryptocurrencies. Dogecoin exploded
Wells Fargo profit beats estimates as credit costs stabilize
(Reuters) – Wells Fargo (NYSE:) & Co reported first-quarter profit ahead of Wall Street estimates on Wednesday as the bank set aside less money to cover soured loans. The fourth-largest
JPMorgan profit surges on trading, investment banking boost
© Reuters. FILE PHOTO: A J.P. Morgan logo is seen in New York City (Reuters) -JPMorgan Chase & Co reported a surge in first-quarter earnings on Wednesday, as the largest
EU to borrow around 150 billion euros annually for recovery fund
2/2 © Reuters. FILE PHOTO: European Union flags flutter outside the European Commission headquarters in Brussels 2/2 By Jan Strupczewski BRUSSELS (Reuters) – The European Commission plans to borrow around
Lebanon’s Central Bank says its intervention contained inflation at 84%
© Reuters. FILE PHOTO: A view shows the Central Bank building, in Beirut BEIRUT (Reuters) – Lebanon’s Central Bank said on Wednesday that its interventions had contained inflation at 84%
Bank Earnings, Coinbase Goes Public, IEA Hikes Oil Forecast – What’s up in Markets
© Reuters. By Geoffrey Smith Investing.com — Coinbase is set to go public via a direct listing at a reference price that values it north of $65 billion. Bitcoin and
Canada’s migrant farmworkers remain at risk a year into pandemic
© Reuters. FILE PHOTO: Man checks grain bin on a farm in Manitoba, Canada By Anna Mehler Paperny TORONTO (Reuters) – Pedro, a Mexican migrant worker, knew he had to
Costs for retail fund investors in EU remain high, says regulator
© Reuters. FILE PHOTO: European Union flags flutter outside the European Commission headquarters in Brussels By Huw Jones LONDON (Reuters) – Retail investors in mutual funds pay costs that are
Controversial Toshiba CEO steps down, shares jump on bidding war expectations
© Reuters. FILE PHOTO: Toshiba Corp’s CEO Nobuaki Kurumatani attends a news conference in Tokyo By Makiko Yamazaki TOKYO (Reuters) -Toshiba Corp CEO Nobuaki Kurumatani resigned on Wednesday amid controversy
Civil groups want EU lawmakers to boost privacy rights in planned WhatsApp, Skype rules
© Reuters. FILE PHOTO: European Union flags flutter outside the European Commission headquarters in Brussels By Foo Yun Chee BRUSSELS (Reuters) – Amnesty International, Privacy International and 28 other civil
ECB will act on unwarranted rise in borrowing costs, its VP says
© Reuters. EU finance and economy ministers hold informal meeting in Berlin FRANKFURT (Reuters) – The European Central Bank will act on any “detrimental” rise in borrowing costs and considers
China says Chinese climate envoy to hold talks with Kerry on COP 26
2/2 © Reuters. FILE PHOTO – Xie Zhenhua, China’s special representative for Climate Change Affair speaks during a press conference in Beijing 2/2 BEIJING (Reuters) – The Chinese foreign ministry
French Finance Minister reaffirms 5% growth forecast for France in 2021
© Reuters. FILE PHOTO: Launching of the 2020 income tax campaign in France PARIS (Reuters) – French Finance Minister Bruno Le Maire reaffirmed on Wednesday that the French economy should
BOJ Kuroda offers cautiously optimistic view on economy
© Reuters. FILE PHOTO: Bank of Japan Governor Haruhiko Kuroda wearing a protective face mask attends a news conference as the spread of the coronavirus disease continues in Tokyo TOKYO
Erdogan’s new dove: Five questions for Turkey’s central bank
2/2 © Reuters. FILE PHOTO: Turkey’s new Central Bank Governor Kavcioglu in Ankara 2/2 By Jonathan Spicer and Marc Jones ISTANBUL (Reuters) – Turkey’s fourth central bank chief in less
Toshiba CEO steps down, shares surge on bidding war expectations
© Reuters. FILE PHOTO: Toshiba Corp’s CEO Nobuaki Kurumatani attends a news conference in Tokyo By Makiko Yamazaki TOKYO (Reuters) – Toshiba (OTC:) Corp CEO Nobuaki Kurumatani resigned on Wednesday
Column: Is that it? Markets relax about inflation pop – Mike Dolan
© Reuters. FILE PHOTO: A U.S. dollar note is seen in front of a stock graph in this picture illustration By Mike Dolan LONDON (Reuters) – Just as long-dormant inflation
RBNZ Sees Need for Prolonged Stimulus Amid Uncertainty
© Reuters. RBNZ Sees Need for Prolonged Stimulus Amid Uncertainty (Bloomberg) — New Zealand’s central bank signaled it is in no rush to remove monetary stimulus, saying the outlook remains
Tesla data collected in China is kept in China, exec says
© Reuters. FILE PHOTO: Logo of the electric vehicle maker Tesla is seen near a shopping complex in Beijing BEIJING (Reuters) – Data collected from Tesla (NASDAQ:) Inc’s electric cars
Toshiba shares surge on imminent CEO resignation, bidding war expectations
© Reuters. FILE PHOTO: Toshiba Corp’s CEO Nobuaki Kurumatani attends a news conference in Tokyo By Makiko Yamazaki TOKYO (Reuters) – Shares in Japan’s Toshiba (OTC:) Corp surged on Wednesday,
Singapore keeps monetary policy on hold amid patchy recovery
© Reuters. FILE PHOTO: A view of the Monetary Authority of Singapore’s headquarters in Singapore By Aradhana Aravindan SINGAPORE (Reuters) – Singapore’s central bank kept monetary settings unchanged on Wednesday