09

Feb

Stocks rise in Asia after U.S. records, dollar weakens

Asian stock markets rose on Tuesday after a record-setting day on Wall Street, while bitcoin paused for breath after an overnight endorsement from Tesla Inc sent the cryptocurrency up 20%.…

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02

Feb

ECB to stress test 38 euro area banks as part of the 2021 EU-wide stress test

he European Central Bank (ECB) will examine 38 significant euro area banks as part of the 2021 EU-wide stress test coordinated by the European Banking Authority (EBA). In line with the…

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29

Jan

Small investors behind surge in GameStop and other shares hit by restrictions

An army of retail investors that has routed Wall Street's professionals in recent days was dealt a blow on Thursday, after online brokerages restricted purchases of red-hot GameStop and other stocks that…

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19

Jan

HSBC to close 82 branches in UK

HSBC plans to axe 82 branches in Britain this year after a drop in footfall across its retail network and a surge in digital banking, the bank said on Tuesday. The lender said it would…

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12

Jan

City of London unlikely to get broad EU access, says UK banking body

The European Union is unlikely to grant broad access for the City of London, and the flight of euro share trading from Britain to the bloc is permanent, UK bankers said on Monday.…

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29

Dec

Revolut accused of not paying out bonuses to employees

Popular digital bank Revolut has found itself in the limelight for the wrong reasons after failing to pay bonsues to its compliance employees, sparking a row which resulted in a…

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20

Oct

BOV to freeze payment of dividends

Bank of Valletta said in a statement this morning that in view of the current Covid-19 situation, the Board of Directors was withdrawing its original recommendation to its AGM to…

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22

Sep

British customers in EU will lose bank account if no deal is reached

Major UK banking companies are informing their British customers living in the European Union that their bank accounts will be closed by end of the year should no post-Brexit trade…

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28

Jul

Don’t pay dividends this year, ECB tells European banks

The European Central Bank has told banks not to pay any dividend payments until at least January and urged them to be “extremely moderate” when setting staff bonuses during the…

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14

Jul

EU recommends Member State not to grant state-aid to companies linked to tax-havens

The European Commission has today recommended that Member States do not grant financial support to companies with links to countries that are on the EU's list of non-cooperative tax jurisdictions.…

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07

Jul

Investors undettered by Putin’s strengthening of Kremlin control

The prospect of President Vladimir Putin staying in the Kremlin until 2036 does not seem to be deterring buyers of Russia's high-yielding sovereign bonds as investors focus on economic fundamentals and…

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14

Apr

Maltese banks directed to offer six-month moratorium on loan repayments

The Central Bank of Malta has announced that Government has directed locally-licensed banks to offer a moratorium on loan repayments. This decision has been implemented through the publication of a…

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10

Apr

The world will see the worst recession since the Great Depression – IMF

Partial recovery in 2021 only if pandemic fades this year A chilling analysis of economic prospects was made public by the International Monetary Fund on Thursday afternoon, suggesting that the…

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18

Mar

US shifts to aggressive economic intervention to support business and protect jobs

  Following an initial soft approach to the impact that COVID19 is having on American businesses, the White House has suddenly changed its approach and prepare for a significant economic…

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13

Mar

Coronavirus has cost global stock markets $16 trillion in less than a month

Stock markets have seen volatile trading as investors weigh the effect of the coronavirus against measures aimed at easing its economic impact. Share markets across the Asia-Pacific region, including Japan,…

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12

Mar

Stock markets free-falling as outbreak restrictions grow globally

Stock markets are on course for another day of heavy losses as concerns mount the coronavirus crisis will lock down global economic activity for an extended time. US futures tumbled…

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12

Mar

Stocks plunge over coronavirus fears

The coronavirus outbreak ended one of the longest winning streaks in the financial markets’ history on Wednesday, as major stock indexes plunged and global policymakers grappled with the growing economic…

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11

Mar

UK interest rate cut to help economy during outbreak

  The Bank of England has cut interest rates and announced help for businesses in an emergency move to provide support amid the coronavirus crisis. Hours before the chancellor Rishi…

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09

Mar

Lebanon to default on debt payments

Lebanon is to default on a foreign debt payment for the first time in its history as the country struggles with a major financial crisis. Prime Minister Hassan Diab said…

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09

Mar

Oil price crash sends shockwaves through financial markets

Stocks and US government bond yields tumbled after oil prices crashed by almost a third, as the prospect of a crude price war hit global markets already reeling from the…

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28

Feb

Financial markets head for worst week since 2008 crash

Global stock markets are racing towards their worst week since the financial crisis 12 years ago on mounting fears coronavirus will derail trade and industry. Asian stock markets have plunged…

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24

Feb

Australian share market tumbles as investors fear coronavirus spread

The Australian share market has tumbled, with investors rattled by concerns about the spread of the coronavirus outbreak, and the selling could continue, with US futures sharply lower. Investors are…

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20

Feb

New £20 note enters circulation in the UK

The new polymer £20 note is going to start appearing in ATMs and tills from today as it enters circulation. It features the artist JMW Turner - who became renowned…

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27

Jan

Visa backs payments start-up that powers popular fintech apps like Monzo and Revolut

Financial technology start-up Currencycloud, which powers cross-border payments for a number of popular finance apps, has raised $80 million in a funding round backed by Visa. Based in the U.K.,…

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13

Jan

Revolut warns about scammers posing as their phone support agents

Revolut has warned about reports that a small network of scammers is calling or sending SMS messages to customers pretending to be Revolut support agents. Revolut said it only provides…

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03

Jan

Stock market feel the effect of Soleimani assassination

European shares slipped from near record highs on Friday after a US air strike in Iraq killed a top Iranian commander and fanned tensions in the Middle East, with a…

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11

Dec

Saudi Aramco shares up sharply on market debut

Saudi Arabia listed state oil company Aramco on the stock exchange on Wednesday in what became the world's biggest-ever initial public offering. Shares opened at 35.2 riyals (€8.47, $9.39), 10% higher…

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22

Nov

Harvest Technology plc launches Initial Public Offering of 40% of issued share capital

Harvest Technology plc, the technology group comprising IT solutions provider PTL Ltd, payment gateway specialist APCO Systems Ltd, and automation and security company APCO Ltd, is launching an Initial Public…

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17

Nov

Saudi Aramco sets IPO share price at around $8.00

Saudi Aramco’s multibillion-dollar initial public offering (IPO), probably the biggest in history, shifted to full gear as its share price was announced and subscription to the world’s biggest oil company…

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15

Nov

Payments in Belgium to be rounded to nearest 5 cents from December

As of 1 December, retailers in Belgium will be obliged to round final totals to the nearest 5 cents in the case of cash payments, removing the need for 1…

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15

Nov

German Parliament passes anti-money-laundering laws

The German Parliament  passed a raft of anti-money-laundering measures to bring the country in line with EU directives. The reform packet imposes stricter regulations for real estate agents, notaries, precious…

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15

Nov

Visa discloses FTC probe on debit transactions

Visa Inc said the Federal Trade Commission (FTC) has initiated an inquiry into whether the payments processor’s actions prohibited merchants from using other debit payment networks. Bloomberg reported on Wednesday…

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09

Nov

Moody’s downgrades UK’s credit outlook

Leading ratings agency Moody's has signalled it is poised to downgrade the credit rating on Britain's government debt, warning that Brexit has triggered an "erosion in institutional strength" that threatens…

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09

Nov

Jail terms for 13 bankers over Monte Paschi scandal

Thirteen former bankers from Monte dei Paschi di Siena, Nomura and Deutsche Bank were sentenced to jail on Friday after a case that shook Italy’s establishment and fomented the rise…

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08

Nov

Billionaires’ wealth falls for the first time in a decade

The world’s richest people became a little less well off last year, according to a report by UBS and PwC, as geopolitical turmoil and volatile equity markets reduced the wealth…

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08

Nov

Bank of England split on rates as it warns Brexit deal would hit growth

The Bank of England has warned that weak global growth and trade barriers created by the government's Brexit deal will hit the UK economy. It came as two Bank policymakers…

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07

Nov

Banks, funds propose shorter trading day in Europe

Banks and fund managers want the European stock trading day shortened by 90 minutes in a radical move they say would improve market efficiency and staff wellbeing – but exchanges…

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01

Nov

UK will not appoint new BoE chief before December 12 election

Britain’s government will not name a successor to Bank of England Governor Mark Carney before a national election due on Dec. 12, a finance ministry official said. Earlier on Thursday,…

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30

Oct

De La Rue warns on profit again

Passport maker De La Rue warned on Wednesday that its annual profit would be significantly lower than market expectations, as its new top boss, a turnaround specialist, leads a review…

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28

Oct

UniCredit says 3 million clients hit by data breach

Italian banking giant UniCredit said Monday that around three million of its clients in Italy were affected by a data breach in 2015, while stressing that account details were not…

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28

Oct

HSBC restructuring plans fuel fears of job cuts

HSBC is planning to restructure its business after the banking giant said its performance in parts of Europe and the US was "not acceptable". Interim chief executive Noel Quinn said…

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28

Oct

Euro zone corporate lending growth plunges in Sept

Bank lending to euro zone companies plunged last month, suggesting that the bloc’s economic slowdown is finally slowing lending after a period of surprising resilience, data from the European Central…

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28

Oct

HSBC warns of ‘challenging’ outlook as profit falls

HSBC saw an 18% drop in pre-tax profit during the third quarter, as the bank warned of challenges ahead. Europe's largest bank said profit before tax hit $4.8bn (£3.8bn) in…

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28

Oct

Hong Kong enters recession as protests show no sign of relenting

Hong Kong has fallen into recession, hit by more than five months of anti-government protests that show no signs of relenting, and is unlikely to achieve annual economic growth this…

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26

Oct

Greece welcomes upgrade by Standard and Poor’s

Greece on Saturday welcomed its foreign debt rating upgrade by Standard and Poor’s as proof of further growth after a nearly decade-long debt crisis. Emerging from its third straight bailout…

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26

Oct

S&P says it could cut UK rating after no-deal Brexit

Ratings agency Standard & Poor’s said it would cut Britain’s AA credit rating if the country leaves the European Union without a deal and warned that Brexit indecision was causing…

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24

Oct

Microsoft beats profit estimates

Microsoft Corp beat analysts’ quarterly profit estimates, but growth in its Azure cloud computing platform slowed from a year earlier. The software maker's net income rose to $10.68 billion, or…

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24

Oct

Facebook’s Zuckerberg grilled in US Congress over ‘risky’ Libra

Facebook Inc CEO Mark Zuckerberg conceded that the company's planned digital currency Libra was a "risky project," but sought to reassure sceptical US lawmakers that it could lower the cost…

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17

Oct

British pound drops after Northern Ireland’s DUP says cannot back Brexit deal

The British pound skidded on Thursday after Northern Ireland’s Democratic Unionist Party said it could not support the Brexit deal as it currently stands. Sterling slid as much as 0.6%…

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12

Oct

Mastercard, Visa and eBay quit Facebook’s proposed Libra global digital currency group

Facebook's proposed global digital currency has suffered a setback after major payment companies including Mastercard, Visa and eBay pulled out. Stripe and Latin American payments company Mercado Pago also announced…

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11

Oct

Bank of England unveils new £20 note

The new 20-pound note was unveiled at the Turner Contemporary Museum in Margate, Britain. The 20-pound note is Britain's most common, and most forged. Security features on the next £20…

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10

Oct

Italian tax evaders to have assets seized like Mafia members

A measure in a draft of a fiscal decree set to be linked to the government's 2020 budget bill would enable the tax authorities to seize the assets of people…

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07

Oct

Pound falls as doubts grow over chances of last-minute Brexit deal

Sterling fell in early London trading on Monday as investors grow increasingly concerned that Britain and the European Union were no closer to agreeing a Brexit withdrawal deal. Sterling traded…

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04

Oct

Bank analyst says Romania’s industry is in recession

Romania’s industry “undergoes recession”, Raiffeisen Bank’s chief economist Ionut Dumitru said at a conference, adding that other sectors perform comparatively better. The slowdown experienced by the local economy is to…

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03

Oct

About $4 billion Hong Kong deposits may have left territory due to protests

Hong Kong may have lost as much as $4 billion in deposits to rival financial hub Singapore between June and August as political unrest escalated in the Chinese city, Goldman…

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02

Oct

Europe third-quarter earnings outlook deteriorates as trade war, Brexit bite

European companies are heading for their worst quarterly earnings in three years as revenue drops for the first time since early 2018, according to the latest Refinitiv data, underscoring concerns…

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27

Sep

Kenyans rush to swap banknotes as cash ban looms

There is a rush in Kenya to offload old banknotes that within days would be worthless as the deadline looms before the Central Bank of Kenya bans all old edition…

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