China kept its benchmark lending rates unchanged on Thursday, marking the 15th consecutive month without a change in August and matching market expectations.
R
ReutersOriginal★★★☆☆2026-08-20 06:10
South Korea’s AI-driven chip rally drew millions of first-time investors into stocks. When the KOSPI plunged nearly 40 percent from its June peak, many saw their gains disappear, while heavy borrowing deepened losses. The volatility has also fueled scrutiny of President Lee Jae Myung’s efforts to broaden market participation and promote leveraged products.
AAl JazeeraOriginal★★★☆☆2026-08-19 23:51
A U.S. appeals court on Wednesday revived an investor lawsuit over Signature Bank’s 2023 collapse, ruling that the FDIC’s seizure of the lender did not remove shareholders’ right to sue.
RReutersOriginal★★★☆☆2026-08-19 16:25
Monte dei Paschi di Siena’s board will consider possible ways to defend against a takeover on Thursday, as the Italian bank seeks to fend off Intesa Sanpaolo’s approach, a source close to the matter said on Wednesday.
RReutersOriginal★★☆☆☆2026-08-19 14:40
Insurance broker RockRose Risk, which focuses on fire zones, raised $12.5 million in a Series A round led by Crosslink Capital and Congruent Ventures, with participation from Nuveen.
B
Bloomberg NewsOriginal★★☆☆☆2026-08-19 13:30
China is broadly expected to keep its benchmark lending rates unchanged in August for a 15th straight month, a Reuters poll found, even as recent economic data point to renewed weakness across the wider economy.
RReutersOriginal★★★☆☆2026-08-19 06:45
Singapore will exempt profits earned by fund managers from tax and ease visa access for investment professionals, the central bank said, as the city-state seeks to counter growing international competition in asset management.
RReutersOriginal★★★☆☆2026-08-19 06:40
Cambodia’s central bank and WeChat Pay launched a cross-border QR payment service in Phnom Penh. Chinese visitors can use WeChat Pay to scan KHQR codes at merchants for dining, shopping, transport, tourism and entertainment, while Cambodian businesses can receive the payments without additional transaction fees.
C
China News ServiceOriginal★★☆☆☆2026-08-19 02:58
Bank of America says Nvidia shares could be trading at a discount of as much as 50% because investors are overstating risks tied to the artificial-intelligence chip leader.
BBloomberg NewsOriginal★★☆☆☆2026-08-19 00:00
The U.S. Surface Transportation Board is again weighing Union Pacific’s plan to combine with Norfolk Southern, but says restarting the process is not an endorsement of the $85 billion transaction.
RReutersOriginal★★★☆☆2026-08-18 23:01
Goldman Sachs Group Inc. struck a deal to buy LCN, its second transaction in a week as the firm advances plans to expand its $4 trillion money-management arm.
BBloomberg NewsOriginal★★☆☆☆2026-08-18 23:00
The SEC said Tuesday that its rule proposal would give certain investment contracts tied to crypto assets a “clear and fit-for-purpose” framework.
RReutersOriginal★★★☆☆2026-08-18 19:05
Saudi Arabia has added regulatory scrutiny to financial transfers headed to the United Arab Emirates, applying measures reserved for countries deemed high-risk for illicit money flows, according to three people familiar with the matter. The move is the latest indication of a growing rift between the two wealthy Gulf monarchies.
RReutersOriginal★★★★☆2026-08-18 11:40
Andrey Klepach, one of Russia’s leading economists, has been replaced as chief economist of the country’s national development bank. The move came shortly after a speech was made public in which he reportedly said the war in Ukraine was hurting Russia’s economy.
C
CNNOriginal★★★☆☆2026-08-17 23:00
Student debt is increasing while the default rate has reached a historic high. Bloomberg reporters are seeking personal accounts of how loan payments affect borrowers’ day-to-day finances.
BBloomberg NewsOriginal★★☆☆☆2026-08-17 18:00
Centene said Chris Neczypor will replace chief financial officer Drew Asher in January. The health insurer is seeking to strengthen profitability after pressure on its Medicaid and Obamacare businesses.
RReutersOriginal★★☆☆☆2026-08-17 16:05
Kenya’s competition regulator has proposed that East African Breweries set aside up to 15 billion Kenyan shillings ($115 million) before approving Diageo’s sale of its majority stake in the brewer to Japan’s Asahi Group Holdings, Kenya’s Business Daily reported on Monday.
RReutersOriginal★★★☆☆2026-08-17 15:15
Mexican affiliates of Bank of America, Santander, BBVA, Citigroup, Deutsche Bank and HSBC agreed to pay $86.4 million to settle a long-running antitrust suit in which investors accused them of rigging the market for Mexican government bonds.
RReutersOriginal★★☆☆☆2026-08-17 14:15
Removing red tape for Wall Street has been a priority for the Trump White House. Europe’s banks want comparable deregulation and are now more hopeful about getting it than they have been in a long time.
BBloomberg NewsOriginal★★☆☆☆2026-08-17 09:11
Andrei Klepach, chief economist at Kremlin-controlled state bank VEB.RF, was reportedly dismissed on Aug. 16, a day after Russian media circulated his warnings that Russia was losing its economic and technological competition with the West. He said Russia would not collapse but was almost certain to face a social crisis. The Kyiv Independent could not immediately verify the claims.
TThe Kyiv IndependentOriginal★★★☆☆2026-08-16 21:00
VEB.RF’s press service says Andrei Klepach has left his post as chief economist and that a successor has already been chosen, with an appointment expected soon. Klepach had held the position since 2014 while also serving as the corporation’s deputy chairman.
About half of Europe’s land is experiencing drought, with water levels falling from the Danube to the Rhine. The Global Drought Observatory says conditions have worsened across Central and Western Europe since summer began, while the European Commission’s Joint Research Centre reports record-low levels in the Loire, Po, Rhine and Danube. Satellite imagery shows wider exposed riverbeds, declining soil moisture and yellowing urban green spaces.
AAl JazeeraOriginal★★★★☆2026-08-16 07:46
Europe’s heatwaves are highlighting a shortfall in insurance coverage as business losses grow. For more than a century, cafes in Padua, Italy, have served aperitivo in the early evening, inviting customers to sit outdoors and socialise before dinner.
The Justice Department and a US financial regulator are investigating transactions involving private firm Radiant World, which has rapidly become one of the world’s largest iron ore traders, people familiar with the matter said.
BBloomberg NewsOriginal★★☆☆☆2026-08-14 23:00
A national US banking regulator on Friday conditionally approved a bank charter application tied to President Donald Trump and his family’s crypto venture, World Liberty Financial, effectively clearing the way for it to expand its stablecoin operations.
RReutersOriginal★★★☆☆2026-08-14 20:15
Banks in Belarus, Kazakhstan, and Kyrgyzstan have sharply increased fees for nonresidents depositing cash Russian rubles into their accounts, RBC reports. Some fees have risen from 2–5% at the start of summer to 10–15%, while Belarus’s Neo Bank Asia charges a flat 20%. At least 10 banks tightened their terms since early August amid increased cash inflows from Russia.
MMeduzaOriginal★★★☆☆2026-08-14 15:44
The Central African Republic and the Democratic Republic of Congo plan to build a 645-metre bridge across the Congo River between Bangui and Zongo. The World Bank will fund the $60 million project, which aims to improve trade and transport links between the two countries.
FFrance 24Original★★★☆☆2026-08-14 13:52
Russia’s VK holding company reported a net profit of 328 million rubles for the second quarter of 2026, its first profitable quarter since late 2022. Analysts attributed the result to VK’s sale of a 25% stake in Tochka bank, while VK said the deal had an insignificant effect and pointed to improved efficiency and lower costs behind revenue growth.
MMeduzaOriginal★★☆☆☆2026-08-14 08:59
Mark Walter offered to pledge his stake in prized financial assets as collateral as part of a broader effort to raise billions of dollars quickly.
BBloomberg NewsOriginal★★☆☆☆2026-08-14 00:00
The U.S. Securities and Exchange Commission abruptly canceled its meeting scheduled for Friday, where officials were due to consider whether to propose new rules related to cryptocurrencies.
RReutersOriginal★★★☆☆2026-08-13 22:25
The Commodity Futures Trading Commission has directed Kalshi to continue operating despite New York’s government pursuing legal action to shut down its operations.
BBloomberg NewsOriginal★★★☆☆2026-08-13 12:30
Accelerant said private equity firm Thoma Bravo will take the insurance marketplace private through an all-cash transaction valued at more than $4 billion, just over a year after the company listed in New York.
RReutersOriginal★★☆☆☆2026-08-13 12:01
The Trump administration is moving to fill a regulatory gap for crypto, but the changes may not last without legislation.
BBloomberg NewsOriginal★★☆☆☆2026-08-13 07:00
Bank of America agreed to pay about $1.9 billion for as much as 49.9% of a lending unit owned by Jio Financial Services, giving the US bank direct access to India’s fast-growing economy.
BBloomberg NewsOriginal★★★☆☆2026-08-13 03:21
Applications for investor loans have declined since the beginning of the year, but the downturn already seems to be reversing. Warnings that the government’s tax changes will destroy property investment may be overstated. Commonwealth Bank, Australia’s largest mortgage lender, reported a bumper $11bn full-year cash profit on Wednesday. Strong demand for its lending products, particularly mortgages, helped underpin the result. The property market has taken a knock, but the article argues it remains well short of collapse.
TThe GuardianOriginal★★☆☆☆2026-08-12 22:24
Billionaire Mark Walter’s firm is negotiating with investors to raise funds. The money would help repay loans held on the books of its insurers. People familiar with the matter said the loans have attracted scrutiny from the Justice Department. The talks point to an effort to reduce pressure from those debts.
BBloomberg NewsOriginal★★☆☆☆2026-08-12 21:00
Bank of America will acquire up to a 49.9% holding in Jio Credit, the non-bank lending arm of Jio Financial Services. The transaction is valued at 182.68 billion rupees, or about $1.92 billion. The deal marks an expansion by the U.S. lender into India’s rapidly growing financial sector. BofA is using the investment to strengthen its presence in the country’s financial market.
RReutersOriginal★★★☆☆2026-08-12 18:50
An internal document indicates that the European Central Bank is leaning toward approving UniCredit’s proposed takeover of Germany’s Commerzbank. The document lays out the ECB’s preliminary view of the Italian bank’s attempt. UniCredit’s plan would seek to create one of Europe’s largest lenders. The position described is preliminary rather than a final decision.
RReutersOriginal★★★☆☆2026-08-12 16:02
Goldman Sachs plans to acquire exchange-traded funds provider Neos Investments. The deal is valued at as much as $2.25 billion. The investment bank is pursuing the transaction to strengthen its position in active asset management and broaden its presence in active ETFs.
RReutersOriginal★★☆☆☆2026-08-12 14:40
Goldman Sachs Group Inc. plans to acquire Neos Investments for as much as $2.25 billion. The purchase will broaden the reach of Goldman’s asset-management business in the actively managed exchange-traded fund market.
US employers are preparing for the biggest increase in employee health-plan prices in 15 years. A growing number are responding by dropping group insurance altogether. The shift reflects mounting pressure from rising costs on employer-sponsored coverage.
BBloomberg NewsOriginal★★★☆☆2026-08-12 14:30
Switzerland opened a public consultation on Wednesday over tougher banking regulations. The proposed measures would impose stricter bonus rules on UBS. Authorities are seeking to strengthen financial stability. The initiative follows the collapse of Credit Suisse in 2023.
RReutersOriginal★★★☆☆2026-08-12 12:10
Iran will soon join the BRICS New Development Bank, according to Central Bank Governor Abdolnasser Hemmati. He described the bank’s creation as the most important result of cooperation among BRICS member states. His remarks highlighted the institution as a central outcome of that cooperation.
T
TASSOriginal★★★☆☆2026-08-12 09:21
New data from the Federal Reserve Bank of New York shows that an increasing number of Americans are falling further behind on their home and car loan payments. The level of delinquency is worse than at any point during the past decade. The figures point to mounting repayment difficulties among borrowers. Both housing and auto loans are affected by the worsening trend.
CCNNOriginal★★★☆☆2026-08-11 17:30
US consumers borrowed a record amount through auto loans in the second quarter, according to the New York Fed. Its latest household debt and credit report, released on Tuesday, also showed increases in credit card balances and home equity balances. The figures point to broader growth in household borrowing during the period.
RReutersOriginal★★★☆☆2026-08-11 16:45
A regulator says Russian airlines transported nearly 50 million passengers during the first half of 2026. Domestic flights accounted for 36.34 million of those passengers.
TTASSOriginal★★☆☆☆2026-08-11 14:48
The US Securities and Exchange Commission accused investment adviser Adit Ventures and co-founder Eric Munson of making false claims in schemes offering access to pre-IPO investments. The regulator said clients were charged millions of dollars in undisclosed fees to purchase shares in companies including SpaceX and Klarna before those shares were offered to the public.
BBloomberg NewsOriginal★★★☆☆2026-08-11 10:05
BRICS members are considering ways to connect their national fast-payment systems, according to Reserve Bank of India Governor Sanjay Malhotra. The discussions also cover possible links between the countries’ central bank digital currencies. Malhotra made the remarks at an event on Tuesday. The initiative remains under discussion, with no linkage announced in the statement.
RReutersOriginal★★★☆☆2026-08-11 08:30
National Australia Bank said Pete Steel will take on the role of group executive overseeing technology and artificial intelligence. The appointment is part of Chief Executive Officer Andrew Irvine’s reshuffle of the bank’s senior leadership team. Steel will therefore lead NAB’s technology and AI functions under the revised structure.
BBloomberg NewsOriginal★★☆☆☆2026-08-11 08:00
Brazilian police have identified two Goldman Sachs Group employees as suspects in an investigation involving Oncoclinicas do Brasil Serviços Médicos SA. Investigators are examining whether the bank misrepresented ownership details related to a stake in the cancer-treatment company. The development has intensified an existing dispute over Oncoclinicas’ shareholder structure.
BBloomberg NewsOriginal★★★☆☆2026-08-11 04:35
The Securities and Exchange Commission has eased the requirements for data-center owners selling asset-backed securities. The move could create room for additional debt offerings. Technology companies are searching Wall Street for financing methods to cover artificial-intelligence spending, and the regulatory change may support those efforts.
BBloomberg NewsOriginal★★☆☆☆2026-08-11 01:30
The U.S. Securities and Exchange Commission charged fintech company Netcapital with securities fraud on Monday. The regulator alleges that Netcapital carried out a scheme to overstate its revenue. The case centers on the company’s reported income and the alleged deception tied to those figures. The charges represent an enforcement action by the SEC, while the allegations remain claims in the case.
RReutersOriginal★★☆☆☆2026-08-10 21:25
JPMorgan Chase strategists have lifted their forecast for the S&P 500 for the second time in two months. They point to strong corporate earnings as one reason for the change. They also say massive spending on artificial intelligence is beginning to produce returns, supporting a more optimistic view of the benchmark index.
BBloomberg NewsOriginal★★☆☆☆2026-08-10 20:00
Russia’s central bank has recommended that banks help small and medium-sized businesses affected by what it describes as “terrorist attacks.” The wording refers to Ukrainian drone strikes on warehouses and logistics centers. Lenders are being urged to support companies whose operations were hit by those attacks. The recommendation concerns financial terms for the affected businesses.
MMeduzaOriginal★★★☆☆2026-08-10 16:48
Deutsche Bank said China has appointed it as a clearing bank for the renminbi. The bank said the designation marks a first for a European lender. The appointment gives Deutsche Bank a formal role in clearing transactions involving China’s currency. It highlights the bank’s expanded position in renminbi services.
RReutersOriginal★★★☆☆2026-08-10 15:25
Australia’s corporate regulator is urging car owners to push back against sharp increases in motor insurance premiums and seek better offers. The Australian Securities and Investments Commission found that many insurers were lifting prices faster than inflation. Its review of eight insurers found none adequately explained how premiums were calculated or why prices had changed in quote and renewal documents. The regulator advised customers to challenge insurers rather than simply accept the increases.
TThe GuardianOriginal★★★☆☆2026-08-10 14:01
The Bank of Russia is advising lenders to assist entrepreneurs affected by terrorist attacks. The regulator says banks should not impose fines or penalties when those borrowers fall behind on payments. It also urges lenders not to demand that the loans be repaid ahead of schedule. The guidance is aimed at easing the financial pressure on the affected business owners.
TTASSOriginal★★★☆☆2026-08-10 13:11
A notable pattern has emerged in Bank of America accounts over the past several months. The difference between wealthy and poor Americans appears to be getting smaller. The trend is described as surprising because it points toward a possible narrowing of the country’s wealth divide. The account data has drawn attention to a potential shift in the distribution of financial resources across the United States.
CCNNOriginal★★★☆☆2026-08-10 11:01
A little-known fintech company surged into the spotlight after signing a deal last year with the Trump family’s crypto platform. The agreement helped push its market value above $1 billion. The company has now sold its core business for roughly $12 million. The sale marks a sharp contrast with the valuation it briefly achieved after the deal.
BBloomberg NewsOriginal★★☆☆☆2026-08-08 17:30
The U.S. Export-Import Bank is providing $58 million in loans to three critical-mineral companies, according to a document seen by Reuters. The financing is part of President Donald Trump’s effort to reduce the country’s dependence on Chinese supplies. It also aims to strengthen American mining and processing capacity. The arrangement places federal support behind domestic critical-mineral projects.
RReutersOriginal★★★☆☆2026-08-07 19:10
The Paze craze is prompting savvy credit card holders to look for ways to come out ahead. The summer’s hottest purchase is described as a $10 Dunkin’ gift card, presented as a route to “free money.”
BBloomberg NewsOriginal★☆☆☆☆2026-08-07 17:00
China’s new bank lending is expected to fall sharply in July, according to a Reuters poll of 20 economists. The survey puts likely issuance at 45 billion yuan, or $6.67 billion. That would be a steep decline from 1.61 trillion yuan in June. Economists attributed the drop to subdued credit demand and lending brought forward ahead of the quarter-end in June.
RReutersOriginal★★★☆☆2026-08-07 12:25
Russian e-commerce giant Wildberries will allow marketplace sellers to insure their goods. The coverage applies to damage or loss caused by terrorist attacks, sabotage, and drone strikes. It also extends to the aftermath of those incidents. The new insurance option will become available on August 7, 2026.
MMeduzaOriginal★★☆☆☆2026-08-07 11:28
Singapore lenders OCBC and UOB posted stronger second-quarter profits than analysts had forecast. Revenue from wealth management and other fee-based businesses helped offset the impact of lower interest rates on their core lending operations. Both banks reported the results on Friday, highlighting the support provided by non-lending income as rate pressure weighed on margins.
RReutersOriginal★★★☆☆2026-08-07 03:20
Shares of United Wholesale Mortgage, the biggest mortgage lender in the United States, dropped as much as 49% on Thursday. The move marked the company’s steepest decline ever. It came after the lender reported a net loss of $452 million. The company also suspended its dividend for the first time, intensifying the market reaction.
BBloomberg NewsOriginal★★★☆☆2026-08-07 00:00
Iron ore trader Radiant World is facing mounting pressure. Two of its key banks have frozen the company’s funds, while major mining companies are moving to sever their relationships with the trading house. The combination of restricted access to money and the departure of important business partners is worsening the firm’s position.
BBloomberg NewsOriginal★★☆☆☆2026-08-06 19:00
Investment experts see opportunities in the artificial-intelligence trade beyond the market’s usual favorites. They point to robots, banks and Chinese chips as possible ways to participate in the theme. The focus is on alternatives to the best-known AI names.
BBloomberg NewsOriginal★★☆☆☆2026-08-06 17:00
Digital banking software provider Alkami Technology has formally begun a process to explore a sale. People familiar with the matter said potential buyers had shown interest in acquiring the company. The move comes as Alkami faces increasing pressure from activist investor Jana Partners. The details were provided by people familiar with the situation.
RReutersOriginal★★☆☆☆2026-08-06 16:15
The Reserve Bank of India said on Thursday that it had added Tata Sons to its list of upper-layer non-banking financial companies. Firms in this category face tougher regulatory requirements. The classification keeps pressure on one of India’s largest holding companies to go public. Tata Sons could avoid that path only if it obtains an exemption from the requirements.
RReutersOriginal★★★☆☆2026-08-06 14:25
LGT, the private bank owned by Liechtenstein’s Princely House, is seeking to grow its business in Japan. The bank is betting that rising wealth in the country will create room for it to win new clients. Japan has historically been a difficult market for foreign private banks to enter and develop. LGT is pursuing expansion despite that long-standing challenge.
BBloomberg NewsOriginal★★☆☆☆2026-08-06 12:00
JPMorgan Chase says the technology trade could rely even more heavily on retail investors after a difficult July. The bank’s assessment also points to potentially higher volatility in the sector. Its view is based on preliminary data covering hedge funds in the technology, media and telecommunications equity sectors. The analysis suggests that retail participation may become a more important force in the market.
BBloomberg NewsOriginal★★☆☆☆2026-08-06 10:00
The Federal Reserve banks of Dallas and New York plan to begin a pilot survey of the private credit market after the third quarter ends. The New York Fed announced the plan in a statement on Wednesday. The market is estimated to be worth $1.3 trillion. The initiative will examine a large and expanding area of finance through the two regional banks.
RReutersOriginal★★☆☆☆2026-08-05 16:50
Italy will manage its remaining 4.9% holding in Monte dei Paschi di Siena without disrupting merger and acquisition activity involving the bailed-out lender, Economy Minister Giancarlo Giorgetti said on Wednesday. The government’s approach is intended to keep its stake disposal separate from corporate moves affecting the bank. Giorgetti gave the assurance while speaking to reporters. He did not specify how the residual holding would be handled.
RReutersOriginal★★★☆☆2026-08-05 16:30
Prudential shares dropped as much as 13% on Wednesday following a Caixin report that Chinese mainland tax authorities have begun imposing personal income tax on returns from offshore insurance policies. The report points to growing scrutiny of offshore investments in China. Investors reacted sharply to the prospect of increased tax pressure on such returns. The move adds to concerns surrounding the treatment of offshore insurance products.
RReutersOriginal★★☆☆☆2026-08-05 14:50
India’s markets regulator sees no shortcomings in the structure or design of the newly introduced stock closing auction, according to a source familiar with the matter. The source said the regulator is unlikely to undertake an immediate review. The comments were provided to Reuters on Wednesday by someone with direct knowledge of the issue.
RReutersOriginal★★☆☆☆2026-08-05 07:25
Australia’s financial regulator has proposed giving companies planning to go public more freedom to promote themselves before filing a prospectus. The proposal would introduce greater flexibility into marketing during the pre-listing period. It focuses on how firms can communicate with potential investors before formally submitting their IPO document.
BBloomberg NewsOriginal★★★☆☆2026-08-05 06:30
Northwest China’s Qinghai Province recorded a net inflow of $142 million in bank-handled cross-border receipts and payments for clients during the first half of 2026. The figure was 80% higher than a year earlier. The data was released at the third regular press conference of 2026 held by the Qinghai Branch of the People’s Bank of China. The conference took place on Tuesday.
CChina News ServiceOriginal★★★☆☆2026-08-05 03:14
Russian insurers have effectively withdrawn coverage for war and terrorism risks faced by cargo ships operating in the Sea of Azov and the Black Sea, business outlet RBC reports. The outlet attributes the information to sources in Russia’s shipping and insurance industries. The reported change concerns insurance protection for cargo vessels in both maritime areas. RBC presents the development as an effective halt to this type of coverage by Russian insurers.
MMeduzaOriginal★★★☆☆2026-08-04 15:20
The Minutes Reader extension turns the original page into a focused reading view and translates articles and video subtitles on demand. It is in limited beta.