Geopolitical conflicts pose the greatest risk to the global economy, according to central bank reserve managers, despite their generally positive economic outlook. This finding comes from an annual UBS Asset Management survey
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JPMorgan Chase, the largest U.S. bank, is aiming to expand its consumer deposits to 15% of the national total, according to Marianne Lake, CEO of consumer and community banking. As of June
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Stock markets in the Gulf ended subdued on Wednesday ahead of the quarterly earnings season as oil prices declined. However, the growing anticipation of imminent U.S. rate cuts improved sentiment. Saudi Arabia’s
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Morgan Stanley has raised its valuation for Tesla’s energy storage business, projecting a significant increase in global demand for power due to the artificial intelligence boom and the company’s potential to expand
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Saudi Aramco (2223.SE) has initiated a three-part bond sale, potentially raising at least $3 billion, as reported by news service IFR and a source familiar with the matter told Reuters. This move
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The pound remained relatively stable on Tuesday, slightly down from Monday’s one-month peak, as investors assessed new political landscapes in Britain and France. Sterling was steady from the previous day at $1.2804,
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The European Union’s securities watchdog, the European Securities and Markets Authority (ESMA), has called for some clearing houses to bolster their defenses against customer defaults. This comes after a stress test revealed
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As HSBC prepares to name its third CEO in nine years, the bank is considering financial incentives and reallocating key projects to retain those who miss out on the top job, according
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New British Prime Minister Keir Starmer assured Ukrainian President Volodymyr Zelenskiy that the UK would continue its support for Ukraine in its conflict with Russia. The Ukrainian leader expressed gratitude for this
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Britain aims for a balanced stance on the Middle East conflict and will employ diplomatic measures to secure a ceasefire and the release of hostages held by Hamas, stated new foreign minister
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