Goldman Sachs Japan president to retire after nearly four decades at U.S. bank -source
People walk in the Goldman Sachs global headquarters in Manhattan, New York, U.S., November 15, 2021. REUTERS/Andrew Kelly/File Photo Acquire...
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German economy, auto sector face risks from exposure to China, fund manager says
A view shows the flags of China and Germany at a booth of a German automaker at the Auto Shanghai...
Britain’s Global Investment Summit draws top banking bosses
JPMorgan Chase CEO Jamie Dimon talks to reporters as he leaves the U.S. Capitol after an unannounced meeting with U.S....
Wall Street tortoise overtakes Chinese hare
ORLANDO, Florida, Nov 10 (Reuters) - For long-term investors, the famous 'tortoise and the hare' fable is a useful reminder that the stock, sector or country racing ahead today may not be the winner tomorrow.This has been true of the performance of Chinese stocks vis-à-vis Wall Street at nearly every juncture over the past 30 years, perhaps surprisingly, given China's surge to global economic and financial powerhouse status in that time.With economic, trade, and geopolitical relations between the two superpowers at their lowest ebb in decades, investors are more attuned...
Payments app Zelle begins refunds for imposter scams after Washington pressure
Nov 13 (Reuters) - Banks on the payment app Zelle have begun refunding victims of imposter scams to address consumer protection concerns raised by U.S. lawmakers and the federal consumer watchdog, in a major policy change.The 2,100 financial firms on Zelle, a peer-to-peer network owned by seven banks including JPMorgan Chase (JPM.N) and Bank of America (BAC.N), began reversing transfers as of June 30 for customers duped into sending money to scammers claiming to be from a government agency, bank or existing service provider, said Early Warning Services (EWS), the...
Germany’s Scholz backs Spain’s Calvino for EIB presidency
International Monetary and Financial Committee (IMFC) chair Nadia Calvino attends a news conference during the annual meeting of the International...
Moody’s changes US ratings outlook to negative, affirms AAA
Nov 10 (Reuters) - Moody's on Friday changed the outlook on the government of United States of America's ratings to...
Exclusive: ICBC injects capital into U.S. unit, seeks cyber review -sources
People walk past a booth of ICBC Credit Suisse Asset Management Co at the 2020 China International Fair for Trade in Services (CIFTIS), in Beijing, China September 5, 2020. REUTERS/Tingshu Wang/File photo Acquire Licensing RightsNEW YORK/LONDON, Nov 10 (Reuters) - Industrial and Commercial Bank of China injected capital into its U.S. unit to pay BNY Mellon (BK.N) $9 billion for unsettled trades and hired a cybersecurity firm to help it return online after a ransomware attack, sources familiar with the matter said.ICBC said on Thursday it had been hit by...
UK stocks fall after GDP data; Diageo tumbles to near 3-year low
The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo...
Novo Nordisk invests $6 bln in Wegovy production, still far below demand -CEO
The logo of Danish drugmaker Novo Nordisk, Copenhagen, Denmark, September 26, 2023. REUTERS/Tom Little/File Photo Acquire Licensing RightsLONDON/COPENHAGEN, Nov 10 (Reuters) - Obesity drug maker Novo Nordisk (NOVOb.CO) said on Friday it will spend $6 billion to boost production in Denmark, although its chief executive warned the industry was far from being able to produce enough weight-loss drugs to meet global demand.Novo Nordisk has had phenomenal success with its anti-obesity drug, Wegovy, but has scrambled to address shortages that have forced it to limit the number of patients.The World Health...