The pan-European Stoxx 600 index rose 0.3 percent at the start of the last trading session of the month, with most sectors and major bourses in positive territory. Market players turned their focus to trade negotiations between Washington and Beijing, after fears of a potential U.S. recession...
Turkish stocks plummeted on Wednesday as the country’s struggles to defend its currency ahead of a key election on Sunday sent a key interest rate to an all-time high. Turkey’s benchmark stock index, the ISE National 100 index, dropped 5.2 percent and was on track for its worst day since July...
Beijing can still engineer growth on paper — at an ever-increasing cost, according to a report released on Wednesday. The latest report by research firm China Beige Book found “an unmistakable first-quarter recovery“ driven by increased credit, running counter to Beijing’s efforts to reduce...
Apple just unveiled its new take on an old innovation, a Goldman Sachs-linked credit card called the Apple Card. Users can sign up through their iPhone and get access to the card in minutes when it becomes available in the U.S. this summer, according to the tech giant’s Monday presentation. The...
Prudential, the United Kingdom’s largest insurer, said it finished transferring some operations to Luxembourg about a week ago in preparation of Britain’s impending exit from the European Union. The insurer announced earlier this month that it was transferring 36 billion pounds ($47.58 billion)...
Award-winning actor Leonardo DiCaprio is signing on for a new role: investor and advisor to an environmentally friendly financial company. The company, named Aspiration, is working to provide consumers with a socially conscious alternative to traditional banks. “Each year, $100 billion worth of...
Citigroup plans to sell several tons of gold placed as collateral by Venezuela’s central bank on a $1.6 billion loan after the deadline for repurchasing them expired this month, sources said, a setback for President Nicolas Maduro’s efforts to hold onto the country’s fast-shrinking reserves....
Argus Research downgraded Boeing to hold from buy on Tuesday, calling out the poor response from Boeing’s management after the second deadly crash of a 737 Max plane. “Boeing management has not been particularly pro-active in its response, and we think the shares are subject to downward...
J.P. Morgan Chase is expanding a program designed to boost job prospects for people at risk of being shut out of the economy. The bank’s new five year plan, announced Monday, includes $200 million to develop training programs for in-demand digital and technical roles and $125 million to boost...
Stocks hit a new high for the year this week, back on track to match a post-election pattern that has stood the test of time. The stock market has risen in the year after all 18 midterm elections since World War II, with the S&P 500 delivering an average return of 14.5 percent, according...
