BITCOIN on Tuesday (Jan 17) rose to its highest in more than four months, extending a new year rally fuelled by hopes that a potential end to central bank policy tightening will benefit the volatile asset.
SAUDI ARABIA is open to discussions about trade in currencies other than the US dollar, according to the kingdom’s finance minister, in what could be another challenge to the greenback’s hegemony.
GOLDMAN Sachs Group on Tuesday (Jan 17) reported a bigger-than-expected 69 per cent drop in fourth-quarter profit due to heavy losses in its consumer business and a slump in dealmaking that hit its investment banking unit.
BLACKROCK’S chief executive officer Larry Fink said that the narrative around environmental, social and governance (ESG) investing has become ugly, and is creating “huge polarisation”.
MORGAN Stanley beat analysts’ estimates for fourth-quarter profit on Tuesday (Jan 17) as the investment bank’s trading business got a boost from market volatility, offsetting the hit from sluggish dealmaking.
MORGAN Stanley beat analysts’ estimates for fourth-quarter profit on Tuesday (Jan 17) as the investment bank’s trading business got a boost from market volatility, offsetting the hit from sluggish dealmaking.
CREDIT Suisse Group chairman Axel Lehmann has warned employees to brace themselves for bonus cuts, as the Swiss lender embarks on a painful and costly turnaround following a grim year that forced it to tap shareholders for fresh funds.
