British fintech Revolut achieved a record pretax profit of £438 million in 2023, driven by strong user growth and rising interest income. Revolut reported a record…
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Canadian stocks moved lower on Tuesday following remarks by the chair of the US Federal Reserve. The remarks raised concerns about the trajectory of interest rate…
Wall Street indexes were flat to higher Wednesday as tech stocks stabilized and investors awaited a key inflation report. Nvidia, the chip leader, fell 1.1% after…
European shares fell Tuesday as Airbus dropped on profit warning, pulling down aerospace stocks, while tech slid following Wall Street. STOXX 600 for the entire continent…
During his China visit starting Friday, Economy Minister Robert Habeck will stress Germany’s trade commitment, though analysts favor U.S.-German ties. Habeck will explain the EU’s duties…
Nippon Steel’s U.S. Steel acquisition might raise decarbonization costs; activists urge addressing the impact on climate goals. Nippon Steel offered $15 billion for U.S. Steel; however,…
Retail Sales and Economic OutlookU.S. retail sales barely rose in May; meanwhile, April’s data was revised lower, indicating weak Q2 economic activity.Inflation and higher interest rates…
HSBC Adds 300 Employees in China After Acquiring Citi’s Wealth Business Date: June 11, 2024Location: ChinaHSBC Expands Workforce in ChinaThe Asia-focused lender, HSBC, announced on Tuesday…
European banking executives assert that the rise in artificial intelligence will increase banks’ reliance on large US tech companies. Consequently, this poses new risks to the…
According to the firms’ statements to Reuters, Bitpanda and Deutsche Bank will collaborate to handle user deposits and withdrawals for the Austrian cryptocurrency exchange. Consequently, the…