Hong Kong kept the city’s key interest rate unchanged for the sixth consecutive time in lockstep with the Federal Reserve’s overnight decision, as stubborn inflation in the United States pushed back expectations of a rate cut to September. The Hong Kong Monetary…
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ZURICH, May 7 (Reuters) – UBS (UBSG.S), opens new tab on Tuesday reported first-quarter profit that trounced forecasts and said it was sticking with plans for share buybacks over three years despite Swiss government proposals that would hike its capital requirements. Shares…
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NEW YORK, May 6 (Reuters) – A U.S. judge on Monday formally ended the U.S. government’s criminal case against Goldman Sachs (GS.N), opens new tab related to the Wall Street bank’s work for the Malaysian fund 1MDB after it met its obligations…
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UniCredit raised its investor reward guidance for the year after posting much higher than expected quarterly net income on Tuesday and further boosting capital levels. Italy’s second biggest bank said net profit for the three months to March 31 was…
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Abu Dhabi’s Multiply Group reports robust Q1 results, with a net profit (excluding fair value changes) of Dh393 million, marking a 48% increase from Q1 2023’s Dh266 million. Group revenue surged by 45% year-on-year to Dh391 million, propelled by growth…
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WASHINGTON, May 3 (Reuters) – Auditor BF Borgers and its owner Benjamin Borgers, whose clients include Trump Media , were charged by the U.S. Securities and Exchange Commission with “massive fraud” that affected more than 1,500 SEC filings, the agency…
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OSLO, May 4 (Reuters) – Norway’s $1.6 trillion sovereign wealth fund, one of the world’s largest investors, supports the reappointment of Barclays (BARC.L), opens new tab CEO C.S. Venkatakrishnan and Chair Nigel Higgins to the British bank’s board, the fund manager said…
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MADRID, May 6 (Reuters) – Sabadell’s (SABE.MC), opens new tab board will meet on Monday to discuss an all-share offer from larger Spanish bank BBVA (BBVA.MC), opens new tab that was worth around 12 billion euros ($12.9 billion) when announced last week, two sources…
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(P&GJ) — ExxonMobil has finalized its acquisition of Pioneer Natural Resources Company, marking a significant transformation in its upstream portfolio. The acquisition, finalized on May 3, sees ExxonMobil more than doubling its footprint in the Permian Basin, combining Pioneer’s substantial…
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LONDON, May 3 (Reuters) – HSBC (HSBA.L), opens new tab has no current plans to sell more assets, its chairman Mark Tucker said on Friday at the annual shareholder meeting of the bank, which has scaled back its presence in Western markets…
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