Finance

The Bank of Israel (BOI) remains committed to plans for a digital shekel currency to improve Israel’s payments system and foster innovation, but is unlikely to launch one ahead of other advanced economies. “We’re all waiting for the first western […]

LONDON, July 10 (Reuters) – The remarkable thing about investor reaction to the UK’s new Labour government is how much just a modicum of stability, consistency and competence is being richly applauded. With exposure to British assets at such a low ebb […]

WILMINGTON, Delaware, July 8 (Reuters) – A record $7 billion in attorneys’ fees for three firms that successfully challenged Elon Musk’s $56 billion Tesla pay package provides an incentive for lawyers to hold corporate boards accountable, an attorney for a […]

July 8 (Reuters) – UK’s competition regulator said on Monday it has cleared U.S. medical equipment maker Thermo Fisher Scientific’s (TMO.N), opens new tab $3.1 billion deal to buy Swedish biotech firm Olink Holding AB (OLK.O), opens new tab.         […]

July 9 (Reuters) – Wells Fargo (WFC.N), opens new tabsaid, opens new tab on Tuesday it has named Alexandra Barth as the co-head of its leveraged finance business, beefing up the lender’s ranks as it looks to expand its investment banking operations. […]

BP BP -3.83%decrease; red down pointing triangle expects to book an impairment of up to $2 billion for the second quarter, and warned that weak oil trading and lower refining margins will hurt earnings. The British energy major said Tuesday that it expects […]

BRISBANE, July 9 (Reuters) – Australia on Tuesday pledged to boost investment in Pacific Island countries to support their financial systems, as banks cut ties to the region citing risk at a time when China is looking to increase its […]

NEW YORK, July 1 (Reuters) – Global hedge funds in June sold U.S. shares of technology, media and telecommunications (TMT) companies at the fastest pace since 2016, mainly driven by semiconductor stocks, Goldman Sachs said in note. The sales could […]