AG’s office, Settlement Fund trustee recommended joint resolution, says Finance chief
SECRETARY of Finance David DLG Atalig issued the following statement on Saturday, Jan. 1, 2022: “The…
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Wall Street gains as inflation data supports Fed bets
A trader watches his chart while working on the floor of the New York Stock Exchange July 8, 2014. REUTERS/Brendan McDermidRegister now for FREE unlimited access to Reuters.comRegisterInflation jumps to new 40-year highBig Tech extends…
How far will ‘Powell’s new hawkish tilt’ go? Here’s what investors will be looking for
Investors will be focusing their attention on the Federal Reserve’s meeting next week, searching for details on a potentially hawkish pivot in monetary policy in the face of high inflation.Fed Chair Jerome Powell — whose hawkish signal…
State Street’s Profit Rises 30% on New Business, Market Gains
State Street ended 2021 with $43.68 billion in assets under custody.
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Fund manager says this stock is so cheap it makes ‘no sense’
Trying to buy the dip in a beaten down market might feel similar to stepping into a clearance sale at your favorite store — everything's on sale and screams "buy." But with no guarantee that the recent uptick in markets is anything more…
China cleanup of non-compliant WMP securities ‘basically complete’, official says
The Chinese national flag is seen in Beijing, China April 29, 2020. REUTERS/Thomas PeterRegister now for FREE unlimited access to Reuters.comRegisterBEIJING, Jan 15 (Reuters) - China has made progress in cleaning up non-compliant…
Tencent hands shareholders $16.4 bln windfall in the form of JD.com stake
A Tencent logo is seen in Beijing, China September 4, 2020. REUTERS/Tingshu WangRegister now for FREE unlimited access to Reuters.comRegisterMove comes as Beijing cracks down on technology firmsJD.com shares plunge as much as 11.2%,…
Reddit confidentially files to go public
Reddit app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/IllustrationRegister now for FREE unlimited access to reuters.comRegisterDec 16 (Reuters) - Reddit Inc, known for its message boards that…
EXCLUSIVE Credit Suisse weighs options to strengthen capital – sources
ZURICH, May 31 (Reuters) - Credit Suisse (CSGN.S) is in the early stages of weighing options to bolster its capital after a string of losses has eroded its financial buffers, two people with knowledge of the matter told Reuters.The size…
Some hedge funds face steep losses after betting on hot sectors
BOSTON, June 2 (Reuters) - Hedge fund investors are bracing for a river of red ink as firms begin reporting returns for May when the stock market hovered near bear territory on disappointing earnings and worries about aggressive rate…