China’s yuan is tumbling amid US sanctions and as central banks boost dollar holdings
China’s yuan is in the midst of a steep decline as holders of the currency eye the risk of US sanctions. The […]
IRS to Reject Billions of Dollars in Covid Employer Tax-Credit Claims
The Internal Revenue Service is planning to deny billions of dollars of what it says are improper claims for a popular pandemic-era tax […]
Klarna rival Zilch raises $125 million with aim to triple sales and accelerate path to IPO
LONDON — British fintech firm Zilch said Wednesday it’s raised $125 million in debt financing from German banking giant Deutsche Bank in a deal […]
CPPIB, Temasek join Blackstone in backing Singapore hedge fund Arrowpoint
HONG KONG, June 21 (Reuters) – Arrowpoint Investment Partners, one of Asia’s largest hedge fund launches this year, said on Friday it […]
JPMorgan wealth head sees China’s economic outlook improving
NEW YORK, June 21 (Reuters) – JPMorgan Chase (JPM.N), opens new tab is seeing signs of an improving economy in China that will bolster […]
Consumer-focused lending under Labour could dent UK bank profits
LONDON, June 21 (Reuters) – Once seen as hostile to banks, Britain’s Labour has courted lenders in recent years as it attempts […]
India’s Vedanta to raise $120 mln via debt issue
BENGALURU, June 20 (Reuters) – Indian metals-to-oil conglomerate Vedanta (VDAN.NS), opens new tab will raise up to 10 billion rupees (nearly $120 million) by […]
India financial watchdog imposes $2.25 million penalty on crypto exchange Binance
MUMBAI, June 20 (Reuters) – India’s Financial Intelligence Unit (FIU) has imposed a fine of 188.2 million rupees ($2.25 million) on the […]
Bapcor Receives $1.21 Billion Private-Equity Takeover Proposal
SYDNEY—Bapcor has become a 1.83 billion Australian dollar (US$1.21 billion) target for a private equity takeover, five weeks after the Australian automotive-accessory provider […]
Bitcoin ETF launches on Australia’s main stock exchange
SYDNEY, June 20 (Reuters) – A bitcoin exchange-traded fund (ETF) launched on Australia’s main stock market for the first time on Thursday […]
ECB’s Knot backs one or two more rate cuts this year
FRANKFURT, June 20 (Reuters) – European Central Bank policymaker Klaas Knot on Thursday backed market expectations for one or two more interest […]
AMERICAS Stocks up as Swiss cut again, BoE eyed; yuan slides
Wall Street returns from its midweek break to find record high stocks still chomping at the bit, with overseas monetary easing in […]