Finance

 Europe needs a system to set prices for critical minerals needed for the energy transition that is not dependent on China, which dominates much of the global sector, the head of an EU-funded group said. Oversupply and weak prices of […]

European shares moved lower on Monday after a raft of dour updates from companies made investors, already jittery from the assassination attempt on U.S. presidential candidate Donald Trump, more cautious. The continent-wide STOXX 600 (.STOXX), opens new tab was down 0.1% as […]

Deutsche Bank (DBKGn.DE), opens new tab is expected to post a loss for the second quarter, according to a consensus forecast published on Monday, as a protracted investor lawsuit over its Postbank division threatens to erode earnings. Any loss at Germany’s largest […]

 Financial institutions snapping up Chinese government bonds are basically shorting the Chinese economy, China’s central bank-backed Financial News reported on Saturday, citing what it said were the views of industry sources and experts. The report is the latest warning to […]

 Australia’s ANZ Group (ANZ.AX), opens new tab plans to “get to the bottom” of allegations of misconduct that have been raised against its bond trading operations and will hold people accountable for any wrongdoing, its CEO said in an email to staff. […]

Last year’s record annual profit for  Singapore Airlines meant that its Chief Executive Officer Goh Choon Phong received a salary of S$8.11 million. Since he earned S$6.73 million the previous year, his pay increased by around 20.5 per cent, thanks to a post-pandemic travel […]

The Bank of Uganda will directly purchase gold from artisanal miners in an effort to support local miners further and reduce the importation of raw gold. The Bank of Uganda said in a report posted on its website that by […]

 The German bank regulator BaFin said on Friday that it had threatened to fine Berlin-based Solaris if it doesn’t meet deadlines to improve anti-money laundering controls and other shortfalls. BaFin also said that it was extending the mandate of a […]

HSBC, Hong Kong’s biggest lender, has been hit with a record fine of HK$24 million (US$3 million) by the pensions regulator for offering incentives to “unauthorised intermediaries” to get corporate clients to join its Mandatory Provident Fund (MPF) scheme in 2020 and […]

Hong Kong stocks advanced for a third straight day as heavyweight Alibaba Group sparked a tech rally, while mainland investors lent support piling into high dividend stocks. Gains were tempered by data that showed slowing momentum in service activity. The Hang Seng Index closed […]