Financial News
Bond spread soars and Milan Stock Exchange plunges amid Italian government crisis
The spread between Italy's 10-year BTP bond and the German Bund leaped up to 239 basis points on Friday after League leader…
HSBC Global Asset Management names Nicolas Moreau as CEO
HSBC Global Asset Management has appointed Nicolas Moreau as its new chief executive, the firm said in a statement, adding that he…
China’s yuan slips to 11-year low
The Chinese yuan fell more than 1% on Monday, dropping below the 7-per-US-dollar mark for the first time since the global financial…
Revolut launches free share trading in Europe
Digital finance business Revolut is launching a fee-free share-trading service in the UK and Europe on Thursday, seeking a slice of the…
Iran slashes four zeroes from currency
Iran is to remove four zeroes from its national currency, the rial, as the country struggles with soaring inflation. The oil-rich nation's…
BoE’s Carney warns of bankruptcy for firms that ignore climate change
Businesses that fail to adapt to climate change will go bust, warned Bank of England Governor Mark Carney. “Companies that don’t adapt…
Libya’s central bank drops dollar purchase fees to 163%
Reuters reports that the Libyan Presidential Council on Tripoli of the Government of National Accord (GNA) announced on Tuesday that it will…
EU to strip five countries of some market access rights
The European Commission will deem that Canada, Brazil, Singapore, Argentina and Australia don't regulate credit ratings agencies with the same rigour as…
India seems set to ban private cryptocurrencies
In a setback for cryptocurrency enthusiasts and start-ups, India seems all set to ban private cryptocurrencies after an inter-ministerial committee (IMC) suggested…
UniCredit considering 10,000 redundancies
Italy's biggest bank, UniCredit, is considering making 10,000 staff redundant according to a new strategic plan that will be presented in December,…
Switzerland could lose billions in global corporate tax reform push
Switzerland stands to lose up to CHF10 billion ($10.2 billion) because of attempts by other countries to change how multinationals are taxed.…
Oil gains as Gulf tanker seizure raises tensions
Oil prices rose on Monday amid high tensions in the Middle East after a British tanker was seized by the Iranian military…