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Saudi Arabia recorded a sixth straight quarterly budget deficit as increased spending on capital expenditure and other areas outpaced growth in revenue.
Saudi Arabia raised the price of its flagship crude to Asia for a third consecutive month, as the kingdom tries to tighten the oil market to prevent a global surplus.
Pakistan’s Fast Cables Ltd. is planning one of the nation’s largest share listings this month, taking advantage of a rally in the local stock market to a record high.
Russia’s fortress economy has proved remarkably resilient to an onslaught of Western sanctions. Two years after the Kremlin’s invasion of Ukraine, it continues to fund a costly war and to prop up President Vladimir Putin.
US Treasury Secretary Janet Yellen acknowledged sharp moves in the value of the yen this week, even as she declined to say whether Japan had intervened to support the currency.
Saudi Arabia recorded a sixth straight quarterly budget deficit as increased spending on capital expenditure and other areas outpaced growth in revenue.
Saudi Arabia raised the price of its flagship crude to Asia for a third consecutive month, as the kingdom tries to tighten the oil market to prevent a global surplus.
Pakistan’s Fast Cables Ltd. is planning one of the nation’s largest share listings this month, taking advantage of a rally in the local stock market to a record high.
Russia’s fortress economy has proved remarkably resilient to an onslaught of Western sanctions. Two years after the Kremlin’s invasion of Ukraine, it continues to fund a costly war and to prop up President Vladimir Putin.
US Treasury Secretary Janet Yellen acknowledged sharp moves in the value of the yen this week, even as she declined to say whether Japan had intervened to support the currency.
Lenders to 777 Partners accused it of fraud, claiming that the Miami-based investment firm borrowed against $350 million of assets that it didn’t own, didn’t exist or were already promised to someone else.
Berkshire Hathaway Inc.’s annual meeting on Saturday gave shareholders a glimpse of how the conglomerate will operate without Charlie Munger, who died last year at 99. Then came the questions: How will it operate without Warren Buffett?
Institutional Shareholder Services urged Boeing Co. investors to vote against a $32.8 million pay package for its chief executive officer, citing concerns over a special equity award and a “sizable increase” in his long-term incentive grant.
Even in an age of instant communication and live financial data, investors still have to wait days to take ownership of the stocks they purchase or to receive payment for the stocks they sell. That’s about to change. Starting on May 28, US trades will “settle” (complete the exchange of dollars for stock) in one day rather than two. US banks, brokers and investors have been forced to review all of their post-trade technologies and procedures to ensure they are ready for the new pace of stock trad
Activist short sellers such as Daniel Yu of Gotham City Research, Nathan Anderson of Hindenburg Research and Carson Block of Muddy Waters Capital are getting more attention, as they increasingly use social media to push well-timed claims of weak fundamentals, improper accounting or outright fraud at publicly traded companies. These short sellers often present their findings as research, but they’re also interested parties that stand to gain if the target company’s stock drops. While some accusat
A Russian national pleaded guilty to a money laundering conspiracy related to his role in operating one of the world’s largest virtual currency exchanges from 2011 to 2017, US prosecutors said.
Bitcoin appears to be conforming more to the conventional viewpoints of traditional investors who have recently entered the digital asset world through the introduction of US exchange-traded funds.
Coinbase Global Inc. Chief Financial Officer Alesia Haas defended the crypto exchange’s rising expenses and the volatility of the digital asset industry after the company’s stock fell despite reporting better-than-expected first quarter results.
A unit of crypto exchange Kraken is emerging as a key beneficiary of this year’s boom in spot-Bitcoin exchange-traded funds, which debuted in the US in January and rolled out in Hong Kong this week.
Saudi Arabia recorded a sixth straight quarterly budget deficit as increased spending on capital expenditure and other areas outpaced growth in revenue.
Saudi Arabia raised the price of its flagship crude to Asia for a third consecutive month, as the kingdom tries to tighten the oil market to prevent a global surplus.
Pakistan’s Fast Cables Ltd. is planning one of the nation’s largest share listings this month, taking advantage of a rally in the local stock market to a record high.
Russia’s fortress economy has proved remarkably resilient to an onslaught of Western sanctions. Two years after the Kremlin’s invasion of Ukraine, it continues to fund a costly war and to prop up President Vladimir Putin.
US Treasury Secretary Janet Yellen acknowledged sharp moves in the value of the yen this week, even as she declined to say whether Japan had intervened to support the currency.
Berkshire Hathaway Inc.’s annual meeting on Saturday gave shareholders a glimpse of how the conglomerate will operate without Charlie Munger, who died last year at 99. Then came the questions: How will it operate without Warren Buffett?
Institutional Shareholder Services urged Boeing Co. investors to vote against a $32.8 million pay package for its chief executive officer, citing concerns over a special equity award and a “sizable increase” in his long-term incentive grant.
Strong earnings beats from Corporate America may no longer be enough to keep the stock rally going. Profit outlooks are becoming more important.
Lenders to 777 Partners accused it of fraud, claiming that the Miami-based investment firm borrowed against $350 million of assets that it didn’t own, didn’t exist or were already promised to someone else.
Two years after a Citigroup Inc. trader’s fat-finger error briefly sent European stocks swooning, the bank said authorities are investigating what happened.
The US banking landscape needs to be more of a level playing field, as fewer financial choices means worse outcomes for Americans, according to US Consumer Financial Protection Bureau Director Rohit Chopra.
Zeekr Intelligent Technology Holding Ltd., the high-end electric car brand under Zhejiang Geely Holding Group Co., is seeking to raise as much as $367.5 million in a US initial public offering.
Regulators will try again as soon as next week to impose rules that would force banks to claw back pay from executives who take too much risk, despite opposition that doomed reforms twice before.
Guyana’s tax agency is taking Exxon Mobil Corp. to court after one of the company’s suppliers said it mistakenly inflated the value of oil-well equipment by 200 times to about $12 billion.
Brazil’s oil giant Petrobras should increase its efforts to boost natural gas supplies and lower prices to help revive the nation’s industry, said mines and energy minister Alexandre Silveira.
Hedge funds piled into bearish bets in US crude as prices plummeted toward the lowest in more than seven weeks.
Another week of conflicting economic signals — and another painful lesson for Wall Street traders trying to front run the data-dependent Federal Reserve.
A group of French debt collector iQera Group SAS’s bondholders have selected legal and financial advisers to engage with the company in balance sheet restructuring talks, according to people familiar with the matter.
Bryan Whalen, whose fixed income team at TCW Group oversees more than $170 billion, warns that credit markets will probably face a correction after investors have stampeded into corporate debt.
About $52 billion, or 31%, of all office loans in commercial mortgage bonds were in trouble in March, according to KBRA Analytics.
The Singaporean telehealth provider Mobile-Health Network Solutions, once the top-performing US IPO this year, tumbled below its IPO price for the first time since its April public listing.
Investors waiting for an update of how Donald Trump’s media startup is faring will have to wait a bit longer — months by some accounts — before getting a look at financial results.
Tony Psarianos, a former banker at Bank of America Corp.’s Merrill Lynch division, was named in an insider-dealing case in Hong Kong that’s ensnared Simon Sadler, founder of hedge fund Segantii Capital Management, and former trader Daniel La Rocca, according to a person with knowledge of the matter.
Banks including Barclays Plc and UniCredit SpA are lining up €500 million ($538 million) in debt financing to back L Catterton’s purchase of a majority stake in Italian beauty brand Kiko, according to people familiar with the matter.
Restaurant chain TGI Fridays Inc. has paid back about half of its existing asset backed bonds after selling a licensing business to Kraft Heinz Co., according to a report by S&P Global Ratings.
Former US Treasury Secretary Lawrence Summers said that currency interventions are ineffective at shifting exchange rates, even at the large magnitude that Japan has been thought to have deployed recently.
Brazil expects the next chief executive officer for Vale SA, the world’s second-largest iron ore producer, to have closer relations with officials and regulators even after public scrutiny over government influence on the company’s succession plan roiled a leadership search earlier this year.
Abu Dhabi hub carrier Etihad Airways PJSC has added banks to its planned initial public offering that could raise as much as $1 billion, according to people familiar with the matter.
Traders edged back from record bets on yen weakness this past week, in a period that included a likely bout of intervention by Japanese officials to support their currency.
Even in an age of instant communication and live financial data, investors still have to wait days to take ownership of the stocks they purchase or to receive payment for the stocks they sell. That’s about to change. Starting on May 28, US trades will “settle” (complete the exchange of dollars for stock) in one day rather than two. US banks, brokers and investors have been forced to review all of their post-trade technologies and procedures to ensure they are ready for the new pace of stock trad
A record amount of junk bonds are trading at levels typically seen in high-grade debt, as traders see little evidence of economic weakness ahead, according to Bank of America Corp.