Unicredit raises profit target for second quarter
Italy's second largest bank raised its adjusted profit expectation for 2023 from 6.5 billion euros to 7.25 billion euros. The bank's investor returns are...
$268.5 million fine from Fed to UBS
The US Federal Reserve (Fed) has fined Zurich-based bank UBS $268.5 million for risk management failures in the transactions of Credit Suisse, which it...
Asian stocks rise on promises of support for China’s real estate market
Hong Kong shares rose 3 percent as China pledged to support the ailing real estate market.
Hong Kong stocks rebounded strongly on Tuesday after China's...
China rally in global markets
Commitment to support the real estate sector in China supported the risk appetite in Asian markets.
In China, the Politburo's statements to support the economy,...
Fidelity Technology Fund profits thanks to Korean chip shares
The Fidelity fund profited from South Korean chipmaker shares SK Hynix and Samsung. These companies, which are also preferred by large investment funds, will...
‘Fed-ECB’ week in global markets
Global markets focused on the interest rate decisions to be made by the Fed and the European Central Bank. While the Fed's rate hike...
Former Fed Chairman Bernanke expects rate hike for the last time
Nobel Prize-winning economist and former Fed Chairman Ben Bernanke said the Fed could raise interest rates for the last time next week.
Former Fed Chairman...
Critical day at Nasdaq
While many options expire on Friday on Wall Street, eyes are on the Nasdaq adjustment that will come into effect on Monday.
The "rebalancing" process...
Fed fines Deutsche Bank $186 million
The US Federal Reserve (Fed) fined Deutsche Bank and its US subsidiaries $186 million for failing to take adequate action to prevent money laundering.
The...
US balance sheet season continues with two banks
While the net profit of Morgan Stanley, one of the largest banks of the USA, decreased by 13 percent in the second quarter of...