Morgan Stanley wins nod to fully own Chinese fund venture BEIJING: Morgan Stanley said on Friday its asset management unit has received Chinese regulatory approval to take... Published 03 Feb, 2023 09:11pm
Technology China’s video game makers come in from the cold as crackdown eases HONG KONG: China’s end to a sweeping crackdown on its video games market is expected to breathe life back into the... Published 20 Jan, 2023 12:02pm
Business & Finance JPMorgan begins private lending drive with $10bn JPMorgan Chase & Co has set aside at least $10 billion to back its foray into the world of direct lending,... Published 19 Jan, 2023 09:39pm
Business & Finance JPMorgan wins approval to take full control of Chinese mutual fund JV BEIJING/SHANGHAI: JPMorgan has won approval to take full ownership of its Chinese mutual fund venture, China’s... Published 19 Jan, 2023 04:58pm
Markets S&P 500 ends at highest in month as earnings kick off NEW YORK: The S&P 500 and Nasdaq finished at their highest levels in a month on Friday, with shares of JPMorgan... Published 16 Jan, 2023 06:18am
Business & Finance JPMorgan, Citi among firms facing potential divestment by Kentucky over energy ‘boycott’ BENGALURU: Kentucky on Tuesday warned 11 major financial companies, including Citigroup Inc, JPMorgan Chase & Co... Published 09 Jan, 2023 06:00am
Markets Gap between inter-bank and ‘open’ market rates on FCY transactions widens to over Rs24 KARACHI: Customers using their cards (debit or credit) to conduct foreign currency transactions will have to be... Published 05 Jan, 2023 05:58am
Markets European shares rise on Big Pharma boost PARIS: European shares rose on Tuesday, with large-cap pharmaceutical companies boosting the main STOXX 600 index,... Published 04 Jan, 2023 06:02am
World JPMorgan, Deutsche Bank seek dismissal of lawsuits by Jeffrey Epstein accusers NEW YORK: JPMorgan Chase & Co and Deutsche Bank AG asked a US judge to dismiss lawsuits by women who accused... Published 02 Jan, 2023 07:35am
Business & Finance JPMorgan sets 2030 emissions targets for polluting industries LONDON: JPMorgan said on Thursday it had set targets to cut emissions tied to its finance and dealmaking in the iron... Published 26 Dec, 2022 05:48am
Business & Finance Investment banks ramp up peak rates forecasts after hawkish ECB LONDON: A flurry of investment banks raised their forecasts for where euro zone interest rates will peak, after the... Published 19 Dec, 2022 07:27am
Markets Wall Street Week Ahead: US bank stocks falter as recession worries take hold NEW YORK: Shares of US banks are taking a beating in December, as worries over an expected recession and weakening... Published 19 Dec, 2022 06:00am
Opinion Deutsche Bank’s rollercoaster ride towards more stability In 2019, Deutsche Bank set out on a journey to cut dependence on its volatile investment bank and rely instead on... Published 17 Dec, 2022 05:58am
Opinion Barclays turbocharges 2030 sustainable finance target to $1trn British investment bank Barclays has increased its sustainable and transition finance target to $1 trillion by 2030... Published 15 Dec, 2022 06:44am
Markets Wall St week ahead: JPMorgan, Citi feel recession likely next year, others say downturn is not assured NEW YORK: Investors are eyeing everything from the US healthcare sector to UK stocks and gold as potential havens... Published 05 Dec, 2022 05:47am
Markets Deutsche Bank warns of peril in borrowing from US banks FRANKFURT: Germany’s Deutsche Bank has a stark warning to European companies borrowing from US lenders: They will... Published 25 Nov, 2022 07:21pm
Markets Copper slips as Chinese Covid infections spur demand concerns LONDON: Copper prices fell on Wednesday as rising COVID-19 cases in China tempered hopes that demand in the ... Published 24 Nov, 2022 04:28am
Markets Oil prices dip on Chinese demand concerns NEW YORK: Oil prices edged lower on Tuesday as rising COVID-19 cases in China heightened fears of lower fuel... Published 16 Nov, 2022 05:50am
Technology Apple supplier Foxconn plans to quadruple workforce at India plant NEW DELHI/TAIPEI: Apple supplier Foxconn plans to quadruple the workforce at its iPhone factory in India over two... Published 11 Nov, 2022 12:07pm
Business & Finance China, Russia to drive 10% default pain for ‘junk-rated’ EM firms: JPMorgan LONDON: China’s property crisis and the West’s sanctions on Russia will drive a respective 20% and 66% of these two... Published 08 Nov, 2022 07:08pm
Opinion European retailers are on investors’ naughty lists this Christmas As the cost-of-living crisis squeezes consumers and shrinks disposable incomes, this year’s Christmas shopping... Published 29 Oct, 2022 05:55am
Business & Finance Saudi forum set to draw US business leaders despite tensions DUBAI: A public spat between the United States and Saudi Arabia will not deter top Wall Street executives and US... Updated 24 Oct, 2022 06:18am
Business & Finance JPMorgan launches fundraising platform to lure startups NEW YORK: JPMorgan Chase & Co is launching a platform that aims to connect startup founders with venture capital... Published 20 Oct, 2022 05:36am
Pakistan JPMorgan says Pakistan's troubles justify slump in bond prices Bonds have plunged to around 33-35 cents on the dollar this month which leaves them at just a third of their face value and broadly in line with other countries seen as at risk of default such El Salvador, Ghana and Ecuador Updated 19 Oct, 2022 10:34pm
Business & Finance JPMorgan profit down 17% as sluggish dealmaking, loan loss reserves weigh JPMorgan Chase & Co reported a 17% drop in third-quarter profit on Friday, as a worsening economic outlook... Published 14 Oct, 2022 05:30pm
Business & Finance IMF, World Bank leadership assure Dar of continued support for Pakistan Dar assures incumbent government is committed to completing IMF programme Updated 14 Oct, 2022 11:18pm
Business & Finance Banks divert gold supply from India to China, Turkey MUMBAI: Gold-supplying banks have cut back shipments to India ahead of major festivals in favour of focusing on... Updated 05 Oct, 2022 09:50am
Opinion Europe’s banks dim lights as they brace for winter blackout Some of Europe’s biggest banks are preparing back-up generators and to dim the lights as they brace for potential... Published 08 Sep, 2022 06:29am
Opinion Luxembourg banks told to freeze Ecuador assets amid Perenco dispute, documents show A Luxembourg bailiff has ordered banks to freeze assets held by Ecuador at accounts in the country as a result of a... Published 02 Aug, 2022 05:36am
Markets Asian stocks mixed HONG KONG: Stocks were mixed in Asia on Friday as soaring inflation and a series of interest rate hikes around the... Published 18 Jul, 2022 06:22am
