Finance
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Finance
IMF appoints Silvana Tenreyro as chief economist, head of research
The International Monetary Fund on Tuesday named Silvana Tenreyro as its next chief economist, replacing Pierre-Olivier Gourinchas, who has returned to academia, IMF Managing Dire...
Finance
Nigel Farage takes his 'fight with the establishment' to the voters
Nigel Farage, the self-described troublemaker of British politics, added another twist to his turbulent career on Tuesday by announcing he was resigning from parliament to reconte...
Finance
Burnham ally O'Neill says UK's next leader to be "bolder" on investment borrowing
Economist Jim O'Neill urged Britain's next leader to be bolder on investment borrowing, saying fiscal credibility cannot be judged by a single rulebook.
Finance
Norway wealth fund enters strategic partnership with Asana Partners in the US
Norway's sovereign wealth fund, the world's largest, said on Tuesday it signed a deal with retail real estate investment firm Asana Partners for a strategic partnership in whi...
Finance
Bank of England sees growing risks to financial stability from AI
By David Milliken and Phoebe Seers
Finance
Bank of England sets out plan to ease bank leverage rules
The Bank of England on Tuesday set out plans to relax rules on how much capital banks have to hold against shocks, aiming to align requirements for British banks more closely with...
Finance
HSBC reviews Turkish banking business for possible sale
HSBC said on Tuesday it had launched a review of its Turkish retail and corporate banking business and was considering all options, as part of its global drive to simplify its bu...
Finance
Australia's WiseTech co-founder Richard White steps down as executive chair
Australia's WiseTech Global said on Tuesday that co-founder Richard White would step down as executive chair, effective immediately, while Raelene Murphy had been appointed indepe...
Finance
Big US banks explore Fiserv network deal, WSJ reports
U.S. banks including JPMorgan and Bank of America have in recent months held preliminary discussions about a deal to acquire a network owned by the financial-technology comp...
Finance
ECB's Schnabel says Iran shock is not over
The euro zone's economy is not back to its state before the Iran war despite a drop in oil prices, as core inflation remains strong and price pressures continue, European Central...
Finance
Europe's central banks may come under political pressure, Panetta says
Central banks in Europe could come under growing pressure from governments facing rising demands for pension spending and industrial support, European Central Bank policymaker Fab...
Finance
War threatens Russian banking crisis, European intelligence report says
Russia risks an "explosive" banking crisis because lenders are shouldering much of the burden of the country's war economy, a European state intelligence report seen by Reuters ha...
Finance
Hedge funds dumped chip stocks for a fourth week as AI shares sold off
U.S. hedge funds sold tech hardware stocks for a fourth week in a row, according to a client note from Goldman Sachs on Friday, in line with a recent decline in global chip share...
Finance
ESM sees euro zone recession if US sell-off, new Middle East war hit at once
A new Middle East conflict and a U.S. assets sell-off are the two biggest risks to the euro zone, which, if twinned, could tip the euro area into a recession and send inflation n...
Finance
Citi gains seat at heart of global bullion trading with clearing approval
Citi has become the fifth bank to clear transactions in London's over-the-counter gold market, the world's largest bullion trading centre, in a major expansion of its precious met...
Finance
Spain, Portugal step up scrutiny of soaring property markets
Spain and Portugal are stepping up scrutiny of their soaring property markets amid early signs of overheating, but supervisors are unlikely to intervene heavily yet, with the mark...
Finance
Bank of England could boost bond demand with leverage rule tweak, banks say
The Bank of England could give Britain's government bond market a boost this week and lower public borrowing costs by more than £1 billion ($1.3 billion) a year, banks say — but s...
Finance
ECB's T2 payment system back up after brief incident impacting payments
The European Central Bank said on Monday that its Target 2 payment system (T2) used to settle daily payments and financial trades was operating normally after briefly facing an...
Finance