June 17, 2019

Deutsche Bank to set up 50 billion euro bad bank: source

Deutsche Bank is planning to overhaul its trading operations by creating a so-called bad bank to hold tens of billions of euros of non-core assets, a […]
June 17, 2019

Exclusive: Banks face new challenges in Italian diamond scandal

A long-running criminal probe into diamond sales by Italian banks has uncovered what prosecutors say is further evidence of corruption by officials at UniCredit, Italy’s largest […]
June 17, 2019

UBS loses role in bond deal for Chinese firm on outcry over pig comment

UBS has lost a lead role on a U.S. dollar bond deal for state-backed China Railway Construction Corp, just days after a Chinese outcry over a […]
June 17, 2019

Alibaba proposes one-to-eight stock split for July 15 AGM vote

Alibaba Group Holding has proposed a one-to-eight stock split for a vote at the upcoming annual general meeting of shareholders in Hong Kong on July 15, […]
June 17, 2019

Fed likely to resist pressure to cut U.S. rates this week

The U.S. Federal Reserve, facing fresh demands by President Donald Trump to cut interest rates, is expected to leave borrowing costs unchanged at a policy meeting […]
June 17, 2019

Oil prices rise after tanker attacks stoke Middle East tensions

Oil prices rose on Monday after U.S. Secretary of State Mike Pompeo said Washington will take all actions necessary to guarantee safe navigation in the Middle […]
June 17, 2019

Asian shares edge up, trade, geopolitical tensions cap gains; focus on Fed meeting

Asian stocks inched higher on Monday, with a rebound in the Hong Kong market helping the mood, as investors remained cautious ahead of a closely-watched Federal […]
June 17, 2019

Target says payments vendor faces glitch; registers back online

Target Corp on Sunday said it was unable to process select card payments at some stores for nearly 90 minutes due to a vendor-related issue – […]
June 17, 2019

Asian shares wobble on trade, political tensions; focus turns to Fed meet

Asian shares got off to a shaky start on Monday as investors were cautious ahead of a closely-watched Federal Reserve meeting, while political tensions in the […]
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