STRESA, Italy, May 25 (Reuters) – G7 finance leaders will call on Israel to maintain correspondent banking links between Israeli and Palestinian banks to allow vital transactions, trade and services to continue, according to a draft joint statement seen by…
Read moreMay 26 (Reuters) – Returning Donald Trump to the presidency would be the more “bearish” choice for bond markets, famed bond investor Bill Gross said in an interview with The Financial Times. Gross, once the most influential voice in the…
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Alibaba Group Holding is selling up to US$5 billion worth of convertible bonds to fund its share buy-backs, as leaders of the Chinese tech giant declared e-commerce and cloud computing as its core businesses in a move “towards strategic clarity”. The…
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“The widening of sanctions and pressure on friendly countries leads to companies’ reduced export revenue,” the central bank said in a report on financial stability in a section titled “main vulnerabilities”. Russia distinguishes between countries that imposed sanctions over its…
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May 23 (Reuters) – JPMorgan Chase & Co (JPM.N), opens new tab will pay $100 million and admit it broke U.S. Commodity Futures Trading Commission rules in connection with trade reporting lapses, the regulator said on Thursday. The bank discovered and reported…
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AMELIA ISLAND, Florida, May 24 (Reuters) – In nearly 40 years working for and helping lead the Federal Reserve, Cleveland Fed President Loretta Mester was part of a revolution that saw the U.S. central bank offer ever more detailed and…
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A dispute between a fintech startup and its banking partners has ensnared potentially millions of Americans, leaving them without access to their money for nearly two weeks, according to recent court documents. Since last year, Synapse, an Andreessen Horowitz-backed startup that serves as…
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The UAE economy expanded by 3.6 per cent last year, driven by strong non-oil sector growth as the country continues to pursue its diversification goals. The country’s gross domestic product reached Dh1.68 trillion ($456.56 billion) at constant prices last year, preliminary estimates from the Federal…
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MOSCOW, May 23 (Reuters) – The European Union will feel the “full measure” of Russian retaliation over its plan to use income from frozen Russian assets to help Ukraine, Russian Foreign Ministry spokeswoman Maria Zakharova said on Thursday. EU countries…
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NEW YORK/LONDON, Jan 12 (Reuters) – BlackRock (BLK.N), opens new tab said on Friday it would buy Global Infrastructure Partners (GIP) for $12.5 billion in a major bet on alternative assets and announced a shake-up of its top management. The deal, which…
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