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Yen slides to weakest since 1986, raising risk of interventionThe Japanese yen declined by up to 0.4%, reaching 160.39 against the dollar, surpassing the threshold that previously triggered market inte...- European shares slip after vaccine-driven rallyThe pan-European STOXX 600 index slipped 0.1% by 0808 GMT. It closed at its highest level since Feb. 27 on Monday after positive data from ...
- Banks set for biggest job cull since 2015 as Morgan Stanley cutsMorgan Stanley is the latest firm to make a year-end efficiency push, cutting about 1,500 jobs.
- European shares fall as growth worries linger; AMS risesNordea Bank and BBVA also reported lower profits and fell more than 2 percent each.
- Emerging currency traders are being kept on their toesImplied volatility on emerging-market currencie is close to its highest level in over a year.
- $700 Cuckoo clocks show China consumers' growing money powerConsumer spending powered the economy in the first quarter, with purchases by private shoppers and government driving 77.2 percent of growt...
- If you thought China’s equity bubble was scary, check out bondsAs a rout in this year erased $5 trillion of value, investors fled for safety in the nation’s red-hot corporate bond market.
- Deutsche Bank may swell $14 billion selloff in China bank stakesDeutsche Bank AG's signal that it may sell a $3.5 billion stake in Huaxia Bank Co. shows the fading appetite among global lenders for tie-u...
- Faith in euro: The reason why somebody feels good about Greece’s prospectsStocks of the 442 companies that make up the MSCI Europe Index appreciated 43% since April 2011 and 19% so far this year, beating the rest ...
- Google wins biggest ever enterprise deal from Spanish bank BBVAGoogle won its largest enterprise contract ever from Spanish bank BBVA as the owner of the world’s most popular Web search engine.
- Reliance Industries hires 18 banks for $1.09 bn loanRIL plans to replace debt maturing in about two years that has higher interest costs, another person familiar with the matter said last mon...
- BoB inks Spanish JV to ride credit card boomBank of Baroda has sold 51% of its equity stake in its credit card company, Bobcards, to a Spanish bank BBVA for euro 34 million.
- BoB to sell 51% stake of credit card arm to BBVAState-owned Bank of Baroda today said it has entered into joint venture agreement with BBVA of Spain to sell 51 per cent stake in its credi...
- New Madoff suits take aim at big global banksThe trustee, Irving Picard, is seeking more than 1 bn $ from the banks, claiming they knew or should have known of the fraud in accepting m...
- Large Texas bank shut by federal regulatorsGuaranty Bank became second-largest US bank to fail this year after the Texas lender was shut down by regulators and most of its operations...
- Reliance Industries hires 17 banks for $1 bn loanReliance Industries (RIL) hired 17 banks to arrange a $1 billion loan to fund expansion, according to a sale document sent to investors.
- RIL hires 17 banks for $1 bn loanReliance will meet investors in Macau, Taipei, HK, Singapore, Dubai, Abu Dhabi, and Bahrain, to promote the multicurrency loan. Is the stoc...
- IOC raises 250 mn dlr loan
- Barclays stock soars on takeover talkBarclays shares rose as much as 4.7%, leading a gain in UK bank stocks amid speculation there may be a takeover in the industry.
- Goldman, Merrill lead in $200-m Mittal fee bonanzaGoldman Sachs Group and Merrill Lynch are leading 13 banks set to share more than $200m in fees from Mittal Steel’s five-month battle to ac...
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