Finance

HONG KONG, March 1 (Reuters) – JPMorgan Chase (JPM.N), opens new tab has selected HSBC (HSBA.L), opens new tab and Standard Chartered (STAN.L), opens new tab to operate its custody businesses in Hong Kong and Taiwan, with assets worth more than $500 billion, a spokesperson for […]

Feb 28 (Reuters) – National Bank of Canada (NA.TO), opens new tab reported a better-than-expected first-quarter profit on Wednesday as robust performance at its trading and investment banking unit cushioned the hit from an increase in loan loss provisions. Easing fears of […]

Feb 28 (Reuters) – Cryptocurrency exchange Gemini will return at least $1.1 billion to customers of its defunct lending program and pay a fine of $37 million for unsafe and unsound practices as part of a settlement with the New […]

Feb 29 (Reuters) – Japanese stocks experienced a slight outflow of foreign capital last week, following a series of robust purchases in previous weeks. According to exchange data, in the holiday-shortened week ended Feb. 22, foreigners withdrew a net 2.83 […]

STOCKHOLM (Reuters) – Polestar said on Wednesday it had raised a $950 million loan from a bank syndicate, helping to fill a gap left when Volvo Cars said it would stop funding the electric carmaker. Polestar also forecast double-digit gross […]

(Bloomberg) — China’s state-backed funds have poured more than 410 billion yuan ($57 billion) into onshore shares this year to prop up the market, according to estimates by UBS Group AG, which expects further purchases. The Swiss bank based its […]

Bitcoin, the world’s largest cryptocurrency by market cap, extended a rally on Tuesday, reaching a two-year high of over $57,000 and uplifting the broader crypto market amid positive market developments and buying from crypto bulls. The price of bitcoin was […]

Saudi Arabia’s average wealth per person is expected to expand by over 105% in the next 10 years, followed by the UAE at 95%, investment migration advisory firm Henley & Partners said. In its inaugural ‘BRICS Wealth Report’, Henley & […]

Italian Prime Minister Giorgia Meloni has revealed an investment plan of over €5.5 billion ($5.9 billion) aimed at fortifying Italian ties with Africa. The initiative seeks to enhance energy partnerships and address migration flows. She conveyed this information during a […]

The African Continental Free Trade Area (AfCFTA), designed to ramp up trade within Africa and bolster the continent’s global trade standing, faces a fresh hurdle, following the news of the withdrawal of Mali, Niger and Burkina Faso from the Economic […]