Getty Images The UK must “rebuild relations” with the EU “while respecting the decision of the British people” who voted to leave in 2016, the Bank of England’s governor has said. Andrew Bailey’s Mansion House speech to investors marked some of his strongest comments yet on Brexit, saying one of its consequences has been weaker trade. He has previously avoided commenting on the topic because of the Bank’s independence from
By Tatiana Bautzer and Nupur Anand NEW YORK (Reuters) – U.S. bank CEOs expressed confidence in the dealmaking outlook and the health of U.S. consumers at an industry conference in New York on Wednesday. Bank of America’s buildup of advisory work on upcoming mergers and acquisitions is strong, while its pipelines for initial public offerings “are full and ready to go,” CEO Brian Moynihan told attendees. Meanwhile, KeyCorp (NYSE:) CEO
Australia’s largest bank reported a flat first-quarter profit after increasing mortgage lending at a faster pace than the overall industry. Source link
09 June 2024, Russia, Moskau: A guardhouse of the Kremlin (l) and the Foreign Ministry (M, background) stand in the center of the capital. Photo: Ulf Mauder/dpa (Photo by Ulf Mauder/picture alliance via Getty Images) Picture Alliance | Picture Alliance | Getty Images Russia’s central bank on Friday raised its key interest rate by 200 basis points to 21%, citing consumer price increases considerably above its forecast and warning of ongoing high
Investing.com — Donald Trump’s anticipated second term could redefine the trajectory of AI space in the United States. While there was a strong continuity between Trump’s AI policies in his first term and Joe Biden’s term, the former president’s rapport with tech executives, criticism of regulation, and a tougher stance against China “suggest a change in approach is imminent,” according to Deutsche Bank (ETR:) analysts. With rapid developments in generative
BANGKOK (Reuters) – More than 800 leading Thai economists, including four former governors of the Bank of Thailand, warned on Saturday of political… Source link
Investing.com — Expedia Inc (NASDAQ:)’s mixed Q3 results and guidance released Thursday point to ongoing tepid growth that will keep a lid on its earnings power in 2025, analysts at Deutsche Bank said in a Friday note. While Expedia’s is likely to make a “modest improvement” in bookings and revenue growth and margin leverage in 2025, it likely be insufficient to ensure its multiple continue to move higher into 2025, the
By Pete Schroeder and Chris Prentice WASHINGTON/NEW YORK (Reuters) -The banking and finance industries are rapidly drawing up wish lists for lighter regulation under President Donald Trump’s incoming administration as Wall Street sees a window of opportunity to influence policy. Numerous financial trade groups are working on detailed lists to hand to Trump’s transition team, according to four industry sources who asked not to be identified. That follows weeks of
By Yantoultra Ngui SINGAPORE (Reuters) – Singapore’s biggest lender DBS Group Holdings Ltd (OTC:) is exploring expanding into Malaysia with potential acquisitions of stakes in banks in its Southeast Asian neighbour, including in one of Malaysia’s smallest banks by assets, two sources said. DBS is exploring a purchase of Singapore state investor Temasek’s 29.1% stake in Alliance Bank Malaysia Bhd, said the two sources with knowledge of the matter, a
Breadcrumb Trail Links News Impact from Trump tariffs could push loonie below 70 cents U.S. Published Nov 08, 2024 • Last updated 3 hours ago • 5 minute read You can save this article by registering for free here. Or sign-in if you have an account. Donald Trump, left, with Republican vice president-elect J.D. Vance, celebrate election night at the Palm Beach Convention Center, Nov. 6, 2024, in West Palm Beach,
