AMSTERDAM — Digital bank Starling will not re-apply for a European Union banking license and instead pursue international expansion through its software business, the incoming CEO said, in a diverging approach to overseas growth from some of its rivals. Starling […]
ST PETERSBURG, June 6 (Reuters) – Despite Western sanctions, Russia must be integrated in the global economy with countries that are prepared to work with it, central bank Governor Elvira Nabiullina said at Russia’s flagship annual economic forum in St […]
According to a June 4 Wall Street Journal report, the Texas Stock Exchange (TXSE) has reportedly already secured approximately $120 million in funding and plans to submit registration statements with the U.S. Securities and Exchange Commission (SEC) by the end […]
OTTAWA—The Bank of Canada cut its main interest rate by a quarter percentage point, becoming the first Group of Seven central bank to provide rate relief after global policymakers aggressively increased borrowing costs to tame inflation. Canada’s central bank said […]
If this column had a vote, which it doesn’t, it would cast it against Elon Musk’s gargantuan pay deal at Tesla’s TSLA -0.60%decrease; red down pointing triangle coming annual general meeting. Worth $46 billion at the latest share price, the chief executive’s contested 2018 packet […]
Ray Dalio, the billionaire founder of the world’s largest hedge fund Bridgewater Associates, said investing in China is a good idea despite the risks, because Chinese assets are cheap and can help balance portfolios. “Diversification and investment in China is desirable,” Dalio […]
June 4 (Reuters) – The European Central Bank will soon push certain German banks to set aside higher reserves against property loan defaults, Bloomberg News reported, opens new tab on Tuesday. The top regulator will communicate its demands to banks in the […]
SHANGHAI, June 5 (Reuters) – When Ou Yangyun travelled to the Chinese city of Zhengzhou in February to demand recompense after his bank account containing tens of thousands of dollars was frozen, his family expected him to be home two […]
Fosun International, one of China’s largest private-sector conglomerates, has accelerated its pace of asset disposal after agreeing to sell German lender Hauck & Aufhauser Lampe (HAL) to Dutcj bank ABN Amro for €672 million (US$731 million). Shanghai-based Fosun, controlled by […]
FRANKFURT, June 4 (Reuters) – Euro zone banks are making progress in tackling climate-related risk but need to do more and the European Central Bank is ready to force them to act if necessary, ECB bank supervisor Claudia Buch said […]
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