The pound rose, rallying from its biggest two-week drop in more than seven years after U.K. authorities flagged measures to mitigate the impact on the economy of the vote to leave the European Union.
Australia is starting the week without a winner after Saturday’s federal election delivered no result. How did we get here?
With the dust having settled somewhat following the UK’s historical referendum decision to leave the European Union, there are some clear winners and – unfortunately – some losers emerging in the aftermath.
A Chinese court sentenced a former top aide to retired President Hu Jintao to life imprisonment in a closed-door trial, capping a series of prosecutions against a Communist Party faction dubbed the “New Gang of Four.”
A massive car bomb exploded overnight in the heart of one of Baghdad’s busiest commercial areas, killing at least 142 people and wounding many others.
Britain’s decision to leave the European Union (EU) will have little or no impact on ISDA agreements, legal experts said on a webinar last week.
Investment bank China International Capital Corp. and brokerage China Investment Securities Co., firms with 186 billion yuan ($28 billion) of assets last year, are in talks on a possible merger, people familiar with the matter said.
Japanese companies cut their forecasts for inflation for five years’ time, dimming the prospects for Bank of Japan Governor Haruhiko Kuroda meeting the 2 percent inflation target during the next fiscal year as he has projected.
The day Volkswagen AG ’s lawyers were in court sealing a historic $15 billion settlement to resolve its emissions scandal in the U.S., Chief Executive Matthias Müller went to Brussels to try to defuse a potential flare up with the European Commission over demands that the German car maker also offer generous compensation for nearly nine million European customers.
Three years after the Monetary Authority of Singapore (MAS) sanctioned 20 banks and 133 traders over breaches in good conduct regarding the local interest rate fixing (Sibor), two US investment funds filed a class action lawsuit in New York on Friday (July 1) alleging “a massive conspiracy” to rig interest rates.
Gold prices may hit all-time highs in the next 18 months amid low to negative global bond yields, said a fund manager on Monday, joining a chorus of bullish calls on the safe haven commodity.
Singapore is rushing to reinvent itself as Asia’s financial technology, or fintech, hub to fend off a regulatory threat to its wealth management industry and revive a sluggish economy.
Mining stocks gained as commodities advanced and the yen weakened amid optimism central banks in some of the world’s leading economies will step up monetary stimulus.