MANILA (Reuters) – Philippine financial markets were shut on Monday to ensure the safety of employees and traders after a volcano near Manila spewed huge volumes of ash that drifted across the nation’s capital. The suspensions cover stocks, fixed-income, and d... More »
NEW YORK (Reuters) – Over the past decade or so, Goldman Sachs Group Inc has watched its annual trading profits fall 84%, as post-financial crisis regulations upended Wall Street. Now, bank executives are hoping they have figured out the key to a turnaround: a... More »
NEW YORK/LONDON/SINGAPORE (Reuters) – Oil futures prices have soared past three-year highs, OPEC’s deal has cut millions of barrels of inventory worldwide and investors are betting in record numbers that prices could rocket past $80 and even hit $90 a barrel t... More »
Billionaire Chinese actress Zhao Wei and her husband have been barred from trading in the mainland stock market for five years and fined by the securities regulator, which cited their disclosure irregularities relating to a takeover bid of a firm. More »
Traders work on the floor of the New York Stock Exchange, May 12, 2015. REUTERS/Brendan McDermid Bond trading revenue at the world’s top banks rose last year for the first time since 2012, thanks to increased activity after Britons’ voted to leave the European... More »
FILE PHOTO: The Canary Wharf business district is seen reflected in windows at dusk in London, Britain December 11, 2016. REUTERS/Toby Melville/File Photo Market trading is booming at U.S. and European banks thanks to Donald Trump and Brexit, and yet the glory... More »
LONDON Royal Bank of Scotland (RBS.L) tried to put its troubled past behind it on Wednesday by making a 3.6 billion pound ($5.1 billion) provision to top up its pension fund and make amends for British and U.S. mis-selling. Chief Executive Ross McEwan has been... More »
LONDONBanks struggled again to make money trading bonds, currencies and commodities in the third quarter, as regulatory changes squeezed liquidity and intensified the pressure to cut costs, staff and activity. Revenue and profit fell for most of the world’s ma... More »
