Deutsche Bank to cut 800 jobs after strong first quarter
(Reuters) – Deutsche Bank (ETR:DBKGn) is to cut 800 jobs in a new cost-saving drive after reporting a bigger than expected rise…
UK financial sector will be largely cut off from EU for years, EU lawmakers told
(Reuters) – The long-delayed forum for European Union and British financial regulators won’t reopen the door for London’s financial canter…
China says it will expand import and export of key products
(Reuters) – China will expand imports and exports of key products, and support exports of automobiles, the State Council said…
EU gives green light to revamp of Europe’s main climate policy
(Reuters) -EU countries on Tuesday gave the final approval to the biggest revamp to date of Europe’s carbon market, which…
First Republic Bank deposits tumble more than $100 billion as it explores options
(Reuters) -First Republic Bank shares sank more than 20% after the closing bell on Monday as it said deposits plunged…
Russia’s Medvedev warns Moscow will scrap grain deal if G7 bans exports
(Reuters) – Former Russian president Dmitry Medvedev said on Sunday that if the G7 moved to ban exports to Russia,…
Futures retreat as Treasury yields rise, Tesla slides
U.S. stock index futures fell on Wednesday as Treasury yields rose on expectations the Federal Reserve could keep interest rates…
Stocks ease, dollar perks up as focus returns to Fed and inflation
(Reuters) – Global stocks eased on Wednesday, while the dollar pulled further above last week’s one-year lows, as investor focus…
BNY Mellon beats profit estimates as higher rates boost interest income
(Reuters) – Bank of New York Mellon (NYSE:BK) Corp beat first-quarter profit estimates on Tuesday, benefiting from the Federal Reserve’s…
J.P.Morgan, Citi upgrade China’s 2023 full-year GDP growth forecast
J.P.Morgan and Citigroup (NYSE:C) upgraded China’s 2023 full-year gross domestic product growth forecast on Tuesday, citing that the country’s decision to lift…