Showing 1 - 10 of 42
Mixed day for global stocks amid trade angst, Powell comments
AFP, Published on 15/10/2025
» NEW YORK - European and US stock markets fell before recovering somewhat as markets weighed trade tensions between Beijing and Washington and digested fresh Federal Reserve commentary.
Warren Buffett: billionaire investor with simple tastes
AFP, Published on 04/05/2025
» NEW YORK - Admired for his investing prowess and a taste for the simple things in life rather than luxury, billionaire Warren Buffett has won public affection even as he amassed a fortune for the ages -- riches that the "Oracle of Omaha" has pledged to give away.
US Fed expected to cut interest rate again
AFP, Published on 18/12/2024
» WASHINGTON - The US Federal Reserve is expected to cut interest rates by a quarter point later on Wednesday and signal a slower pace of cuts ahead, brushing off uncertainty about inflation's path and Donald Trump's economic proposals.
Stocks diverge at start of key week for rate calls
AFP, Published on 11/12/2023
» LONDON - Stock markets diverged on Monday ahead of a busy week for interest rate decisions from major central banks.
Fresh rout of US regional banks despite First Republic deal
AFP, Published on 03/05/2023
» NEW YORK: Shares of United States regional banks suffered deep losses on Wall Street Tuesday, dashing hopes that the resolution of First Republic's woes would end the crisis.
Investors look for strength in UBS results
AFP, Published on 25/04/2023
» ZURICH - UBS is expected to post solid first quarter results Tuesday, with all eyes on whether the bank is strong enough to carry through its forced alliance with stricken rival Credit Suisse.
Chip war and censorship hobble Chinese tech giants in chatbot race
AFP, Published on 22/03/2023
» BEIJING - Search giant Baidu's lacklustre unveiling of its chatbot exposed gaps in China's race to rival ChatGPT, as censorship and a US squeeze on chip imports have hamstrung the country's artificial intelligence ambitions.
As in 2008, JPMorgan chief plays key role in bank rescue
AFP, Published on 18/03/2023
» NEW YORK: Consulted by policymakers and able to nudge his peers into action, JPMorgan Chase CEO Jamie Dimon played a key role in a bank rescue effort this week -- a situation sparking reminders of 2008.
Western stocks slide as bank fears return
AFP, Published on 17/03/2023
» LONDON: US and European stock markets fell on Friday as fears over the health of the banking system festered despite the latest efforts to shore up troubled lenders and tamp down contagion risks.
Credit Suisse woes rock Wall Street
AFP, Published on 15/03/2023
» Wall Street was back in selloff mode early Wednesday as banking shares faced a fresh hammering amid worries that more lenders could fail.