Adani Group shares lose up to $13.4 bln after Hindenburg accusations against regulator
Adani Group companies lost as much as $13.4 billion in market value on Monday but recovered much of the losses after Hindenburg […]
Billions in dollar and euro notes reach Russia despite sanctions
Around $2.3 billion in dollar and euro bills have been shipped to Russia since the United States and EU banned the export […]
StanChart folds industries team into M&A, cutting over 20 jobs, source says
Standard Chartered (STAN.L), opens new tab has folded its industries coverage team into its dedicated mergers and acquisitions advisory team, eliminating more than 20 […]
China’s treasury market rattled as central bank squares off with bulls
Chinese government bonds fell sharply on Monday following a turbulent week in which the central bank started intervening heavily to stem a […]
Banco BPM sets 2030 emission targets for carbon-intensive sectors
Banco BPM (BAMI.MI), opens new tab has set medium-term emissions targets for 2030 in some of the most carbon-intensive sectors it lends money to, […]
Mozambique ex-finance minister convicted in US over ‘tuna bonds’ scandal
A former Mozambique finance minister was convicted on Thursday on U.S. criminal charges over his alleged involvement in a fraud involving $2 billion in […]
Zurich Insurance tops profit forecast, catastrophe losses weigh on shares
Zurich Insurance (ZURN.S), opens new tab posted a record first-half operating profit on Thursday and said it was on track to beat its 2025 […]
Barclays scraps EU bonus cap for senior bankers
Barclays (BARC.L), opens new tab has become the latest bank to substantially raise a cap on bonuses for its top bankers, an internal memo […]
Biotech firm Recursion to buy smaller peer Exscientia for $688 million
Recursion Pharmaceuticals (RXRX.O), opens new tab, a biotech firm which uses artificial intelligence to discover new drug candidates, has agreed to buy smaller […]
KBC upbeat on interest income as loan demand picks up
Belgian bank KBC (KBC.BR), opens new tab on Thursday raised its 2024 growth forecasts for lending and net interest income (NII) after they drove […]
Lender Banco do Brasil posts 8% rise in second-quarter adjusted profit
State-controlled lender Banco do Brasil (BBAS3.SA), opens new tab reported on Wednesday 8.2% year-on-year growth in its second-quarter adjusted net profit. The bank posted […]
Traders lose billions on big volatility short after stocks rout
A wager that stock markets would stay calm has cost retail traders, hedge funds and pension funds billions after a selloff in […]