Wells Fargo sees 6% growth in assets; Citigroup posts strong annual profit Starting the new year, most big banks are touting their regimens to slim down: Wells Fargo & Co. just ... Read More
Oil prices hit their lowest since 2003 on Monday, as the market braced for a jump in Iranian exports after the lifting of sanctions against the country over the ... Read More
BHP Billiton expects to recognise an impairment charge of approximately US$4.9 billion post-tax (or approximately US$7.2 billion pre-tax) against the carrying value of its Onshore US assets. This charge ... Read More
Policymakers at the European Central Bank disagreed at their last meeting over how big a threat turmoil in China and other emerging markets pose to Europe’s modest economic recovery. ... Read More
It was in a small, wood-paneled boardroom overlooking Lake Zurich that Thomas Jordan and his colleagues at the Swiss National Bank made a decision that caught global markets unawares, ... Read More
Remarks by J.Dijsselbloem following the Eurogroup meeting of 14 January 2016 Below is a statement by J.Dijsselbloem: Good afternoon and welcome to this press conference. I will address the ... Read More
Just over four years ago, the United States and Europe sanctioned the sale of Iranian oil in an effort to curb Tehran’s nuclear program. Oil was trading at $110 ... Read More
Major Asian stock markets struggled to hold onto their morning gains Friday, despite a positive finish from Wall Street overnight. In another late spate of sell-offs, the Shanghai composite down 3.97 ... Read More
The New York firm kicks off earnings season for big U.S. banks J.P. Morgan Chase & Co. said its fourth-quarter profit beat expectations thanks in part to cost-cutting and higher ... Read More
The rift between Saudi Arabia and Iran has quickly ballooned into the worst conflict in decades between the two countries. The back-and-forth escalation quickly turned the simmering tension into ... Read More
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