Qatar doubles Credit Suisse stake
The Qatar Funding Authority is the second-largest shareholder in Credit Suisse after doubling its stake within the embattled Swiss lender late final 12 months, in...
Dimon says Congress shouldn’t play games with U.S. creditworthiness
JPMorgan Chase CEO Jamie Dimon stated Thursday that politicians ought to be severe concerning the debt ceiling as Congress stays locked in a political struggle to extend...
Citigroup’s fourth-quarter profit declines by 21% as bank sets aside more money for credit losses
Citigroup stated fourth-quarter internet revenue decreased by more than 21% from a yr in the past as the bank set aside more money for potential...
Here’s the inflation breakdown for December 2022 — in one chart
The inflation fee declined in December as customers noticed costs plummet at the gasoline pump, offering one other hopeful signal for households that worth pressures...
Asia-Pacific’s benchmark index enters a bull market, thanks to China’s reopening
Asia-Pacific's main index entered a bull market this week, fueled by a rally in Chinese language shares from optimism surrounding the nation's reopening and the...
China’s economy looks different than it was going into the pandemic
BEIJING — The Chinese language economy of 2023 nearly undoubtedly will not appear like the Chinese language economy of 2019.Actual property has slumped underneath Beijing's...
UK announces major overhaul of its financial sector in attempt to spur growth
The U.Ok. authorities on Friday introduced in depth reforms to financial regulation that it says will overhaul EU legal guidelines that "choke off growth."The package...
Oil plunge, tech collapse and Fed cuts? Strategist shares possible 2023 market ‘surprises’
After a tumultuous yr for monetary markets, Normal Chartered outlined numerous potential surprises for 2023 that it says are being "underpriced" by the market.Eric Robertson,...
Hang Seng still in bear market territory despite best month since 1998
Hong Kong's benchmark index soared 26.6% in November – the Hang Seng index's highest month-to-month acquire since October 1998, or close to the tip of...