Chinese banks cut deposit rates to relieve squeezed margins
Five of China's major state-owned banks on Thursday cut deposit rates to cushion a hit to their already record low margins after this week's surprise lowering of lending
July 24, 2024Five of China's major state-owned banks on Thursday cut deposit rates to cushion a hit to their already record low margins after this week's surprise lowering of lending
July 24, 2024Japanese Finance Minister Shunichi Suzuki and top currency diplomat Masato Kanda both refrained from commenting on foreign exchange on Wednesday, as the
July 24, 2024China's central bank unexpectedly conducted a medium-term lending facility (MLF) operation on Thursday and cut the interest rate, following a string of other rate reductions
July 25, 2024The yen edged lower from a 2-1/2-month high against the U.S. dollar on Thursday, as financial markets stabilized, with investors looking ahead to next
July 25, 2024Mayne Pharma has filed a lawsuit against India's Sun Pharma over infringements of patents related to a certain product used for menopause-related vaginal pain, the Australian drugmaker said
July 24, 2024Australian bank ANZ said it has fired or suspended traders from its markets business over allegations of inappropriate behaviour and warned an
July 24, 2024Boeing finalized a guilty plea to a criminal fraud conspiracy charge and agreed to pay at least $243.6 million after breaching a 2021
July 24, 2024G20 finance leaders meeting in Brazil are preparing a joint statement for Thursday in support of progressive taxation that will stop short
July 24, 2024Lineage, the world's largest operator of cold-storage warehouses, raised $4.44 billion in its U.S. initial public offering, setting it up for the biggest stock market
July 24, 2024A look at the day ahead in Asian markets by Alden Bentley in New York Brace for fallout from a megacap-led wipe out.
July 24, 2024Brazil and the United States will unveil a joint climate transition initiative, Brazilian Finance Minister Fernando Haddad said on Wednesday, after earlier meeting with U.S.
July 24, 2024Ameriprise Financial posted a 9% jump in second-quarter adjusted profit on Wednesday as rising client asset values boosted the financial adviser's fee-based income.
July 24, 2024Equipment rental firm United Rentals posted a 7.6% rise in second-quarter profit on Wednesday, backed by robust demand for industrial tools and higher rental rates.
July 24, 2024A hefty U.S. stocks sell-off sent Wall Street's most watched gauge of market volatility to a three-month high and boosted options trading volume on Wednesday,
July 24, 2024Chipotle Mexican Grill surpassed Wall Street estimates for quarterly sales and profit on Wednesday as demand for its rice bowls and burritos held up
July 24, 2024Newmont Corp beat Wall Street estimates for second-quarter profit on Wednesday, as the world's biggest gold miner benefited from robust production and higher prices.
July 24, 2024Ford Motor Co.’s second-quarter net income fell 4.7% from a year ago as the company’s combustion engine unit saw pretax profits decline due to stubbornly high warranty costs
July 24, 2024Nasdaq and S&P 500 log worst day since 2022 after Alphabet and Tesla fail to impress Wall Street
July 24, 2024Shares of financial software maker OneStream, backed by private equity firm KKR, rose nearly 30% in their Nasdaq debut on Wednesday, valuing the company at
July 24, 2024The Bank of England on Wednesday set out details of a new financial stability tool that insurers and pension funds will be able to use during severe turbulence in the British
July 24, 2024A pick up in intermodal and vehicle shipment volumes combined with higher pricing are expected to blunt the impact from slowing coal demand on second-quarter earnings for
July 24, 2024Sales of new U.S. single-family homes fell to a seven-month low in June as higher mortgage rates and prices weighed on demand, further evidence that the housing market recovery
July 24, 2024The European Central Bank's top banking supervisor said on Wednesday she was working on a new framework for assessing how geopolitical risks impact banks, drawing
July 24, 2024Japanese official buying to defend the yen is fast becoming a standard feature of the FX landscape in 2024, but authorities in Tokyo have
July 24, 2024The Bank of Canada on Wednesday trimmed its key policy rate by 25 basis points for the second month in row, bringing it down to 4.5%, and said more cuts were likely if inflation
July 24, 2024