IN a show of confidence that strengthens the Rothschild family’s grip on its Paris-listed investment bank, the financial dynasty said on Monday (Feb 6) it plans to take Rothschild & Co private.
HEDGE funds betting against stocks abandoned those trades last week at the fastest pace since 2015, surpassing the speed of their exodus from the meme-stock frenzy two years ago, Goldman Sachs said in a research note seen by Reuters.
BRITAIN’S financial watchdog warned crypto businesses on Monday (Feb 6) to get ready for a rule change on advertising later in the year, warning that any breaches by company officials could mean up to two years in prison.
THE Australian and New Zealand dollars nursed heavy losses on Monday, after red-hot US jobs data suggests interest rates will have to rise further, while traders shift their focus to the policy decision from the Reserve Bank of Australia.
CHINESE banks are touting a wide variety of retail lending products as authorities need a pickup in consumer spending to create a more solid foundation for the world’s second-largest economy.
THE Japanese government has approached Bank of Japan (BOJ) deputy governor Masayoshi Amamiya about succeeding Haruhiko Kuroda as head of the central bank, according to a Nikkei report that initially sent the yen tumbling.
