Big Banks Seek To Curb “Speculative” Planned UK Forex Class Action
A proposed multi-billion pound claim against powerful banks over alleged foreign exchange (forex) rigging is too weak and speculative to…
Category: World
Pound Spikes As Inflation Surge Ups Pressure On BoE To Hike Rates
The pound rallied on Wednesday morning as official data showed UK inflation continues to soar. Figures from the Office for…
PBOC Reiterates Monetary Policy Unchanged Despite Surprise RRR Cut
The recent cut in the amount of money banks must keep in reserve doesn’t mean a change in the China’s…
Forex Shortages Force Nigerian Corporates To Turn To Parallel Market
Nigeria’s ongoing shortage of foreign exchange is forcing corporates and businesses to source this resource on the parallel market, a…
Dollar Tiptoes Toward Inflation, Powell Testimony
Currency markets were on edge and the dollar a few ticks lower on Tuesday, ahead of U.S. inflation data which…
Stocks Simmer Near Record Highs Ahead Of U.S. Inflation Data
Global shares hung near record highs on Tuesday, buoyed by better than expected Chinese export data as markets awaited the…
Exclusive-European Efforts To Assess Russia’s Sputnik V Vaccine Stymied By Data Gaps
The developers of Russia’s Sputnik V coronavirus vaccine have repeatedly failed to provide data that regulators deem to be standard…
U.S. Consumer Prices Post Largest Gain In 13 years; Inflation Has Likely Peaked
U.S. consumer prices increased by the most in 13 years in June amid supply constraints and a continued rebound in…
U.S. Senate Democrats Agree To $3.5 Trln For Budget Reconciliation Bill
U.S. President Joe Biden’s drive for big new infrastructure investment got a boost on Tuesday when leading Senate Democrats agreed…
Japan’s Q3 Growth Forecast Cut As New Pandemic Curbs Hit
Japan’s economy will grow at a slower pace than initially expected in the third quarter, as fresh coronavirus emergency curbs…
BOJ Aimed To Work With Govt In Regional Bank Scheme, Minutes Show
The Bank of Japan’s scheme to incentivise consolidation among regional banks was meant to show it was working alongside the…
Musk Defends Timing Of Tesla’s $2.6 Bln Deal For SolarCity
Elon Musk told a judge on Tuesday Tesla Inc (TSLA.O) had to buy SolarCity in 2016 because the failing solar panel company…
Bitcoin ‘Crash’ Risks Taking Its Price Down To $10,000, Minerd Says
There’s no reason for investors to buy Bitcoin at the moment, according to Guggenheim Investments Chairman Scott Minerd. The world’s biggest cryptocurrency is…
Russian Central Bank Says Inflationary Pressure Remains High, But Is Easing
EMBARGO 1730 GMTInflationary pressure remains high in Russia, the central bank said in a report on Monday, but there are…
One Of The Priciest Rough Diamonds Ever Fetches $40 Million
Petra Diamonds Ltd. sold a 39.3-carat blue gem for more than $40 million, making it one of the most expensive…
Dollar Edges Higher Amid Pandemic Concerns, U.S. Inflation In Focus
The dollar edged higher across the board on Monday as concerns about the pandemic encouraged investors to seek a safe…
As Crackdown Looms, South Korea’s Defiant Crypto Fans Dig In Joori Roh
Yun Hae-ri, a 26-year-old South Korean cryptocurrency investor, has seen the value of a coin named Metadium nearly wiped out…
U.S. Consumer Watchdog Orders GreenSky To Pay Fine For Lending Abuses
The U.S. Consumer Financial Protection Bureau (CFPB) on Monday said it has fined an Atlanta-based financial technology firm $2.5 million…
Some Twitter Staff Return To Offices In New York, San Francisco
After more than 16 months of working from home, some Twitter Inc (TWTR.N) employees in San Francisco and New York returned to…
Musk Tells SolarCity Trial That Tesla Would ‘Die’ If He Wasn’t CEO
Elon Musk insisted in court that Tesla Inc’s(TSLA.O)board controls the company but also said the electric vehicle maker would “die”…
Nasdaq, S&P 500 Scale New Peaks As Focus Turns To Earnings, Economic Data
Wall Street’s main indexes rose on Monday, with the Nasdaq and the S&P 500 hitting record highs, as investors awaited…
U.S. Asks Court To Dismiss Government Appeal Of TikTok Ruling
The Biden administration on Monday asked a federal appeals court to dismiss the Justice Department’s legal challenge to court rulings…
India’s Paytm Seeks To Raise $268 Mln In Pre-IPO Share Sale-Source
Indian digital payments firm Paytm is planning to raise $268 million in a funding round as it prepares for an…
Walmart’s Flipkart Raises Fresh Funds For $38 Billion Valuation As IPO Looms
Walmart Inc-owned Flipkart on Monday ushered back SoftBank Group Corp (9984.T) as an investor in a $3.6 billion funding round, doubling the…
After U.S. Push, EU Pauses Tax Plan, But Ireland Sticks To Its Guns
The European Union has agreed to delay a corporate tax plan for the bloc following pressure from the U.S. administration…
Analysis: Dealmakers See M&A Rush, Then Chills, in Biden’s Antitrust Crackdown
Dealmakers expect a new wave of transformative U.S. mergers and acquisitions (M&A), as companies rush to complete deals before President…
Factbox: Richard Branson: Daredevil Billionaire Entrepreneur Set To Fly To Space
Flamboyant British entrepreneur Richard Branson is set to fly to space on a Sunday test flight by his Virgin Galactic…
Billionaire Branson Soars To Space Aboard Virgin Galactic Flight
British billionaire Richard Branson on Sunday soared more than 50 miles above the New Mexico desert aboard his Virgin Galactic…
ECB To Change Policy Guidance At Next Meeting, Lagarde Says
The European Central Bank will change its guidance on the next policy steps at its next meeting to reflect its…
Credit Suisse’s Swiss Compliance Chief Floriana Scarlato Quits Immediately
Credit Suisse (CSGN.S) said on Monday that Floriana Scarlato is quitting “with immediate effect” as compliance head of the Swiss universal bank…