European shares drop on dour earnings, rate hike concerns
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August 16, 2023. REUTERS/Staff/File...
archivePUBL
EU members’ China cuddling weakens Brussels’ hand
European Union flags flutter outside the EU Commission headquarters, in Brussels, Belgium, February 1, 2023. REUTERS/Yves Herman Acquire Licensing RightsBRUSSELS,...
Wall Street stocks down after Fed minutes, bank shares extend losses
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023....
Exclusive: Bridgewater’s flagship fund was bearish on US stocks as rally fizzled
Bridgewater's Pure Alpha most bearish on developed market bondsAlso bearish about the U.S. dollar, metals and stocksEuro, Singapore dollar were...
PayPal to halt UK crypto sales until 2024
The PayPal logo is seen at an office building in Berlin, Germany, March 5, 2019. REUTERS/Fabrizio Bensch/File Photo Acquire Licensing RightsLONDON, Aug 16 (Reuters) - Payments giant PayPal (PYPL.O) will stop allowing UK customers to buy cryptocurrencies through its platform from October as it works to comply with new rules on crypto promotions.Britain's financial regulator is due to bring in tougher rules to limit how crypto is advertised to British consumers, including requiring crypto firms to carry warnings about the risk and scrapping "refer a friend" bonuses.PayPal will "temporarily pause"...
High services costs make UK rate-cutting laggard
Governor of the Bank of England Andrew Bailey speaks as he attends a press conference for the Monetary Policy Report...
Morning Bid: Stock markets tense as China gloom builds
The German share price index DAX graph is pictured at the Frankfurt stock exchange after risks have climbed to multi-month...
Wall St ends lower; strong retail sales stoke interest rate worries
July retail sales rise more than expectedNvidia gains as UBS, Wells Fargo raise PTU.S. big banks fall as a report...
Hedge funds land bonuses despite returns below bank savings rates -Goldman
U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File PhotoLONDON, Aug 15 (Reuters) - Most...
UBS pays $1.43 bln to settle US mortgage claims as industry-wide probe concludes
The logo of Swiss bank UBS is seen at the company's office at the Bahnhofstrasse in Zurich in this July 1, 2009 file photo. REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsWASHINGTON/NEW YORK, Aug 14 (Reuters) - UBS (UBSG.S) agreed to pay $1.435 billion to settle U.S. charges that the Swiss lender misled investors into buying troubled mortgage securities, concluding an industrywide probe into a root cause of the 2008 global financial crisis.The U.S. Department of Justice on Monday said it has collected more than $36 billion in civil fines from 19...