MILAN, April 18 (Reuters) – Italy’s top insurer Generali (GASI.MI), opens new tab said on Thursday it was reorganising to focus on its two core businesses and streamline its geographical layout to be ready for the new strategic cycle. The company, which…
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HONG KONG, April 17 (Reuters) – (This April 16 story has been refiled to correct grammar in paragraph 6) Morgan Stanley and HSBC are cutting dozens of investment banking jobs in the Asia Pacific region this week, sources said, as…
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The strengthening of the US dollar has emerged as a significant concern for countries worldwide, triggering alarm bells not only in emerging economies (EMs) but also in advanced industrialized countries. The currencies of the G20 group of major economies are almost all depreciating against…
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LONDON, April 16 (Reuters) – UK digital bank Zopa says it welcomes regulatory scrutiny on Britain’s motor finance industry but does not expect its business to be affected unless the scope of the watchdog’s review is broadened. WHY IT’S IMPORTANT…
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April 15 (Reuters) – A rally in the U.S. dollar is accelerating, as stubborn inflation sows doubts over how aggressively the Federal Reserve will be able to cut rates this year compared to other central banks. The U.S. dollar index (.DXY),…
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April 15 (Reuters) – JPMorgan Chase (JPM.N), opens new tab CEO Jamie Dimon has sold about $33 million of his shares in the bank, a regulatory filing showed on Monday, completing a previously disclosed plan to sell 1 million shares. Last October,…
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April 15 (Reuters) – Goldman Sachs (GS.N), opens new tab profit rose 28% in the first quarter, buoyed by a recovery in debt underwriting and dealmaking that boosted its investment banking unit, it reported on Monday. Profit rose to $4.13 billion, or…
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MOSCOW, April 12 (Reuters) – MTS Bank, the fintech arm of Russia’s leading mobile phone operator MTS (MTSS.MM), opens new tab, announced on Friday it would hold an initial public offering (IPO), a rare occurrence for Russian banks hit with Western…
Read moreThe European Central Bank (ECB) kept its key deposit rate at a record high of 4 per cent on Thursday but laid a path for a cut in June. The bank’s governing council, led by president Christine Lagarde, noted that inflation is continuing…
Read moreU.S. stocks are sinking Wednesday following new inflation data that showed prices accelerated for a third consecutive month. The hotter-than-expected report further dashed hopes for Fed rate cuts this year amid fears that progress may be stalling in taming elevated price levels.…
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