Finance

NAIROBI, May 30 (Reuters) – The World Bank on Thursday approved the first of three budget support packages for Kenya worth $1.2 billion, to help the East African country address short-term fiscal pressures and accelerate green policies. The funding had […]

BERLIN, May 31 (Reuters) – Deutsche Bank (DBKGn.DE), opens new tab expects a slight decline in its fixed-income business this quarter, but still sees overall revenue of 30 billion euros ($32.56 billion) in 2024, the chief financial officer of Germany’s largest bank […]

MADRID, May 31 (Reuters) – Spanish authorities have slapped fines on budget airlines Ryanair (RYA.I), opens new tab, easyJet , Vueling (ICAG.L), opens new tab and Volotea totalling 150 million euros ($163 million), consumer groups who lead a six-year campaign against the charges […]

Shares of U.S. Cellular popped more than 12% Tuesday after T-Mobile announced that it plans to acquire most of the company, including the wireless operator’s stores, some of its spectrum assets and its customers in a deal worth $4.4 billion. The deal includes cash and […]

LONDON, May 31 (Reuters) – The British government has sold 1.24 billion pounds ($1.58 billion) worth of shares in NatWest Group (NWG.L), opens new tab back to the lender, it said on Friday, decreasing its stake to around 22.5% from nearly 26% […]

May 29 (Reuters) – Visa (V.N), opens new tab and Mastercard (MA.N), opens new tab have agreed to pay $197 million to resolve a class action by millions of consumers accusing the financial payment companies of keeping cash access fees artificially high. The plaintiffs’ […]

TOKYO, May 30 (Reuters) – Japanese policymakers are turning their attention to more structural economic factors behind persistent yen declines, convinced that market intervention is limited in its ability to reverse the currency’s broader slide. Data due out on Friday […]

The recent rally in Asian dollar bonds has room to run further as yield-seeking investors scramble to get exposure to this asset class with interest rate cuts looming on the horizon, fund managers said. The yield premium on Asian dollar […]

A global malware network responsible for the theft of $5.9 billion in Covid relief funds and tied to other crimes like child exploitation and bomb threats has been shut down, Department of Justice officials announced Wednesday. The DOJ arrested 35-year-old YunHe Wang, a Chinese […]

A look at the day ahead in U.S. and global markets from Mike Dolan This week’s bout of bond market anxiety eased a touch on Thursday, but investors wary of heavy sovereign debt sales and election uncertainty are bracing for a jumpy […]