Why America needs regional banks
To some, the question of where to keep your money safe might seem obvious — go with one of the big guys, the banks that have been deemed "too big to fail." Their ATMs and branches are ubiquitous, their mobile apps sleek and user-friendly.
2023-05-14 21:23
Canada housing market upturn could delay shift to BoC rate cuts
By Fergal Smith TORONTO Signs of recovery in Canada's housing market after a year-long slump, just as higher
2023-05-14 21:17
The Fed probably won't cut rates anytime soon. Why that's good news for markets
Wall Street is eager to see the Federal Reserve wind down its aggressive rate-hiking cycle that's battered markets and tested investor morale. Although a pause in interest rate hikes appears likely, cuts may be farther off than some believe.
2023-05-14 20:20
Amundi to Abrdn See Emerging-Market Currencies on Cusp of Rally
Some of the world’s biggest investors are backing emerging-market currencies to outperform their rich-nation peers as monetary tightening
2023-05-14 20:16
SVB and Signature Bank execs set to testify before the Senate this week
Despite the looming debt ceiling crisis that has taken center stage in Washington in recent weeks, lawmakers haven't forgotten about the other financial crisis this year: the March bank failures that set off turmoil in the regional banking sector.
2023-05-14 19:50
Thailand Exit Polls Shows Pro-Democracy Parties Leading Vote
Voting ended in Thailand’s national elections with a mix of pre- and post-election surveys showing pro-democracy parties leading
2023-05-14 19:27
EU Lawmaker Looks to Cap Windfall Profits in Power Price Crisis
The European Union should strengthen its emergency rules so that citizens don’t bear the brunt if electricity prices
2023-05-14 19:24
Egypt Sells 9.5% Stake in Telecom Egypt for $121 Million
Egypt sold a 9.5% stake in state-run Telecom Egypt Co., raising more than 3.7 billion Egyptian pounds ($121
2023-05-14 17:59
Japan, US, SKorea Set to Meet During G-7 Summit to Bolster Ties
The leaders of Japan, the US and South Korea plan to hold a trilateral meeting in Hiroshima this
2023-05-14 16:56
Saudi Finance Firm Morabaha Seeks Up to $83.4 Million in IPO
Saudi Arabia-based Morabaha Marina Financing is seeking to raise as much as 312.9 million riyals ($83.4 million) from
2023-05-14 16:54
In Turkey, an election reckoning for the rise and fall of Erdogan's economy
By Jonathan Spicer ISTANBUL (Reuters) -If Turks oust President Tayyip Erdogan in elections this month it will largely be because
2023-05-14 16:50
Fresh Gilt-Sale Blockbuster Is Coming as UK Lures Pension Funds
The UK’s sale of ultra-long gilts this week will offer the highest coupon in almost 15 years, a
2023-05-14 15:20