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China probes US$100 underwriting fee amid Xi price war clampdown

The probe comes just weeks after Nafmii reminded underwriting institutions to refrain from bidding below cost, following years of similar warnings

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Fed’s Williams says tariff economic impact is only just starting

Federal Reserve Bank of New York President John Williams said Wednesday that monetary policy is in the right place to...

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Fed’s New York president says tariff economic impact is only just starting

US Federal Reserve Bank of New York President John Williams said that monetary policy is in the right place to...

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Markets rattled by ‘credible threat’ of Trump trying to fire Jerome Powell

Many have expressed concern that even broaching the subject was potentially disruptive to the stability of US markets that have long relied...

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Hong Kong’s US$25 billion pile of soured debt spurs talks to form ‘bad bank’

Political and economic turmoil over the past few years have shook the city’s real estate sector, where office vacancies are surging to...

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Goldman Sachs profits jump as CEO eyes more merger activity

Goldman Sachs reported a jump in second-quarter profits on Wednesday behind significant increases in financial advisory revenues that chief executive...

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US firms passing some cost hikes to consumers: Fed survey

Many US firms passed along “at least a portion of cost increases” to consumers in recent weeks, as businesses faced higher...

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JPMorgan is now worth more than three largest rivals combined

The Trump administration’s embrace of the cryptocurrency industry has breathed air back into some upstarts.

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UK fines Barclays US$56 million for lapses in financial crime control

It failed to evaluate money laundering risks while providing services to its clients Stunt & Co and WealthTek

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South Korea seeks to unlock property money in ‘Kospi 5,000’ drive

Reviving the stock market is among President Lee Jae-myung’s ‘key political goals’, says a lawmaker

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