European shares rose on Thursday as financials received a lift from Swiss lender UBS’s decision to absorb Credit Suisse’s domestic bank, while investors braced for a barrage of key economic data due later in the day. The pan-European STOXX 600…
Read more
(Jonathan Brady/PA) (PA Archive) Nationwide cut rates on its mortgages hours after a top Bank of England policymaker indicated that the bank’s interest rates may be cut but will remain high for a long time Once again cut. Nationwide slashed…
Read more
UBS Group AG posted the biggest-ever quarterly profit for a bank in the second quarter as a result of its emergency takeover of Credit Suisse, and confirmed that it would fully integrate the local business of its former rival by next…
Read more
Think Nvidia’s monster year-to-date rally of 234% has gone too far? Think again, according to a recent note from Rosenblatt Securities. Rosenblatt set a Wall Street-high price target of $1,100 for Nvidia after its strong second-quarter earnings report, representing potential…
Read moreBangladesh needs to diversify its export products, including light engineering and pharmaceuticals, and explore new market opportunities to face challenges after its graduation from least developed country (LDC) status, said the World Bank country director for Bangladesh and Bhutan. Abdoulaye…
Read more
China’s manufacturing activity contracted for a fifth straight month in August, but at a slower-than-expected pace, an official factory survey showed on Thursday, maintaining pressure on Beijing to step up policy support for the stuttering economy. The official purchasing managers’…
Read more
Commerce Secretary Gina Raimondo on Wednesday said she warned Chinese leaders that U.S. businesses might stop investing in their country without prompt action to address complaints about worsening conditions due to raids on firms, unexplained fines and unpredictable official behavior.…
Read more
European stock markets are expected to open higher on Wednesday, with sentiment boosted by the strong close on Wall Street overnight ahead of the release of inflation reports from Germany and Spain. At 02:00 ET (06:00 GMT), the DAX futures…
Read more
A multimillion-dollar development-focused agreement has been signed in Cairo, Egypt, between the China Development Bank and the African Export-Import Bank (Afreximbank) to provide Afreximbank with a $400-million term loan facility to support the financing of small and medium-sized enterprises (SMEs)…
Read more
The US Federal Reserve chairman has said the central bank will continue to raise interest rates “if appropriate” as inflation remains “too high”. Jerome Powell told an annual gathering of central bankers that the pace of price rises had fallen…
Read more
