SHANGHAI (Reuters) – Schroders has obtained Chinese regulatory approval to set up a wholly-owned mutual fund unit in China, as…
UBS has no desire to buy Credit Suisse, chairman tells newspaper
ZURICH (Reuters) – UBS has no interest in buying fellow Swiss lender Credit Suisse, the bank’s Chairman Colm Kelleher said…
Yellen warns of U.S. default risk by early June, urges debt limit hike
By Kanishka Singh and David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said on Friday the United States will…
Bitcoin climbs above $20,000 first time in over two months
(Reuters) -Bitcoin rose on Saturday above $20,000 for first time in over two months. Bitcoin, the world’s biggest and best-known…
S&P 500 ends at highest in month, indexes gain for week as earnings kick off
By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 and Nasdaq finished at their highest levels in a month…
Twitter offers free ads to brands that advertise on its platform – WSJ
(Reuters) – Twitter Inc is offering free advertisements to brands that advertise on its platform, an attempt to woo brands…
As U.S. probes FTX collapse, employees turn to law firm Covington
By Luc Cohen and Jody Godoy NEW YORK (Reuters) – Several FTX employees have turned to law firm Covington &…
Peru 2022 growth likely hindered by protests, says central bank official
LIMA (Reuters) – Peru’s economy likely grew slightly less than 2.9% last year, a senior central bank official said on…
Tough road ahead for U.S. fintech lenders as default risk rises
By Matt Tracy (Reuters) – U.S. fintech companies that lend to consumers with impaired credit scores face a tough year…
Meme stocks start 2023 on high note, though ride is a bumpy one
By Medha Singh and David Randall (Reuters) -Resurgent risk appetite among some investors is fueling rallies in the shares of…