Exclusive: Banks assess China risks after being stung by Russia sanctions
Banking industry is assessing China exposuresReview of risks sent to Western governments - UK FinanceBank boards discuss possible impact of...
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Dollar gains after US consumer prices rise more than expected
The employee of a currency exchange shop counts U.S. dollar banknotes in Ciudad Juarez, Mexico July 27, 2023. REUTERS/Jose Luis...
France, Germany close to EU energy market reform deal, finance minister LeMaire says
French Minister for Economy, Finance, Industry and Digital Security Bruno Le Maire leaves following the weekly cabinet meeting at the...
Morning Bid: A window into the Fed’s thinking
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 29, 2023....
Dollar loses steam ahead of Fed meeting minutes, US inflation test
Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3,...
Morning Bid: Fed pivot begins to crystallize
Oct 11 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.A slump in U.S. bond yields, after another Federal Reserve official signaled that the central bank's interest rate-hiking cycle is over, will put Asian markets on a positive footing on Wednesday, despite renewed stress in China's property sector.Investors in the region also have key Japanese business activity indicators and South Korean current account figures on their plate on Wednesday, and there will no doubt be headlines coming from the IMF and World...
US bank profits set to rise on higher rates while Wall Street lags
NEW YORK, Oct 10 (Reuters) - Profits at the biggest U.S. consumer lenders are likely to rise in the third quarter, in contrast with investment banks still facing a dealmaking slump, analysts said.JPMorgan Chase (JPM.N), which kicks off earnings for big U.S. lenders Friday, will set the tone for large banks. It is predicted to post a roughly 25% jump in earnings per share (EPS) versus a year earlier, LSEG estimates showed.Goldman Sachs (GS.N) and Citigroup (C.N) are expected to report the biggest EPS declines of 35% and 26% respectively,...
IMF says global economy ‘limping along,’ cuts growth forecast for China, euro area
Global growth forecast unchanged at 3.0% in 2023Inflation dropping but 'not quite there yet'-IMF chief economistIMF raises U.S. forecast, cuts...
Bank of England approached UK lenders to gauge interest in troubled Metro Bank, Financial Times reports
Signage is seen outside of a Metro Bank in London, Britain, May 22, 2019. REUTERS/Hannah McKay/File Photo Acquire Licensing RightsOct...
Analysis: Is the US strategy of engaging China working?
WASHINGTON, Oct 6 (Reuters) - Early in the Biden administration, U.S. Secretary of State Antony Blinken vowed that the United States would only hold talks with China if they led to "tangible outcomes" to resolve disputes between the strategic rivals.Two-and-a-half years later, that approach appears to have changed.Since the start of the summer, the administration has embarked on a largely unreciprocated push to talk with Beijing, establishing working groups and sending three cabinet-level officials and its top climate envoy to Beijing.The strategy, intended in part to salvage a relationship that...