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Finance
SK Hynix considering 0.5% fee payout in ADR offering, Bloomberg News reports
SK Hynix is considering paying about 0.5% of the proceeds from its U.S. listing to banks working on the deal, Bloomberg News reported on Saturday citing people familiar with the ...
Finance
Russia's lender VTB will boost reserves as fuel prices stoke inflation
Russia's second-largest lender VTB plans to boost reserves in the second half, its first deputy CEO told Reuters on Friday, as the bank seeks to protect itself against the inflat...
Finance
Brazilian police target suspects sanctioned by US over PCC drug gang links, sources say
Brazil's federal police have launched an operation targeting suspects sanctioned by the United States over alleged ties to the Primeiro Comando da Capital (PCC) drug gang, two so...
Finance
Julius Baer appoints Peter Burrill as CFO
Swiss bank Julius Baer announced on Friday the appointment of Peter Burrill as chief financial officer and a member of its executive board, effective August 17 and subject to fi...
Finance
Morgan Stanley, Goldman Sachs to match $1,000 contributions to Trump accounts opened for employees' children
Morgan Stanley and Goldman Sachs announced on Thursday they are matching $1,000 contributions to Trump accounts opened for their eligible employees' children.
Finance
Hedge funds reap June gains by piling into short bets but lose on oil, sources say
Hedge funds trading stocks finished June with double-digit returns for the year so far, helped by their ability to successfully navigate already crowded trades, according to a Go...
Finance
Germany's Merz unveils pension, tax and labour reforms
German Chancellor Friedrich Merz outlined a package of pension, tax and labour reforms on Thursday, along with measures to cut red tape that he said would boost growth, jobs and co...
Finance
Austrian Supreme Court upholds ex-billionaire Benko's fraud conviction
Austria's Supreme Court on Thursday upheld ex-billionaire Rene Benko's first of two convictions for insolvency-related fraud, for which he was sentenced to two years in prison, b...
Finance
SoftBank's LY, Bain raise Kakaku bid again with $4.1 bln valuation
SoftBank's LY Corp and Bain Capital have again raised their bid for Kakaku.com , valuing the Japanese price-comparison website operator at 670 billion yen ($4.12 billion) and wide...
Finance
Fed's Warsh says some task force staffing to be revealed next week
Federal Reserve Chairman Kevin Warsh said on Wednesday that some of the key staffing of a slate of “task forces” looking at central bank operations will be made public very soon a...
Finance
Portugal launches first open-source AI model, joining Europe's sovereignty push
Portugal launched on Wednesday its first open-source artificial intelligence model, joining a growing push across Europe for greater AI sovereignty and reduced reliance on U.S. pr...
Finance
AI hopes and fears dominate global central bank meet
Seeping into just about every conversation at this week's meeting of the world's top central bankers was one big unknown: how artificial intelligence will impact the world economy ...
Finance
Russia's Sberbank lowers corporate lending expectations as bad debts rise
Russia's Sberbank is set to lower its 2026 corporate lending growth forecast because of the worsening financial position of borrowers, its finance chief said on Wednesday.
Finance
German banks reject ECB's potential move to lift minimum reserves
A top industry association of German banks on Wednesday firmly rejected a potential increase by the European Central Bank in the amount of cash lenders must keep on reserve in un...
Finance
Trump secured over $50 million in loan from Charles Schwab in 2025, ethics filing shows
U.S. President Donald Trump secured a more than $50 million loan last year from Charles Schwab Bank , according to his annual disclosure for 2025 with the U.S. Office of Governme...
Finance
Westpac director Nash leaves board over ties to KPMG
Australian bank Westpac said on Wednesday that non-executive director Peter Nash would leave its board, citing his relationship with troubled auditor KPMG.
Finance
ING close to buying 40% stake in Spain's Singular, source says
ING Spain is close to finalising the purchase of a 40% stake in Singular Bank as part of its plans to enter the Spanish private banking sector, a person with knowledge of the mat...
Finance
ECB considers lifting banks' minimum reserves to lessen own losses, sources say
The ECB is considering doubling the proportion of cash lenders must keep as reserve in an unremunerated account, six sources told Reuters, which would cut the central bank's own ...
Finance