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…
Big UK firms shrug off banking turmoil and turn more hopeful – Deloitte
Finance executives at top British firms have reported the sharpest rise in optimism since late 2020 and the recent upheaval…
US import prices fall more than expected in March
U.S. import prices fell more than expected in March, leading to the biggest year-on-year decline since mid-2020, further evidence that…
Birkin bag maker Hermes sees no U.S. slowdown as sales jump 23%
Sales at Birkin bag maker Hermes rose 23% in the first quarter, above market expectations, as wealthy shoppers in China…
Bank of England’s Pill says latest UK data is disappointing
Bank of England Chief Economist Huw Pill said on Thursday that the latest data on the economy, including a stagnation…