Wall St falls as retail sales data fans rate fears NEW YORK: Wall Street’s main indexes fell on Tuesday after stronger-than-expected retail sales data stoked worries... Published 16 Aug, 2023 05:50am
Markets S&P 500 flat; bank shares mixed after results NEW YORK: The S&P 500 was close to unchanged in afternoon trading Friday as bank and other financial shares were... Published 17 Jul, 2023 03:47am
Business & Finance Citigroup profits drop less than expected NEW YORK: Citigroup beat analysts’ estimates for second-quarter profit on Friday as higher interest payments from... Published 17 Jul, 2023 03:47am
Business & Finance JPMorgan, Wells Fargo prepare for losses on office loans NEW YORK: JPMorgan Chase and Wells Fargo said on Friday they set aside more money for expected losses from ... Published 17 Jul, 2023 03:47am
Print Pakistan, Argentina bonds’ surge belies bigger reform hurdles LONDON: Investors have piled back into bonds in Pakistan and Argentina following cash infusions and optimism over... Updated 15 Jul, 2023 09:53am
Business & Finance JPMorgan profit jumps on higher interest income as First Republic lifts earnings JPMorgan Chase posted a 67% jump in profit for the second quarter on Friday as it earned more from borrowers’... Published 14 Jul, 2023 05:24pm
Opinion The BRICS’s creeping ‘gold currency’ It’s a shame that market pundits have been busy scandalising JP Morgan’s involvement with the late, notorious ... Updated 13 Jul, 2023 05:15am
Markets S&P 500, Dow rise ahead of monthly inflation data NEW YORK: The S&P 500 and the Dow rose modestly on Tuesday ahead of inflation data, as investors were hopeful... Published 12 Jul, 2023 06:39am
Markets US banking giants to report higher profits even as dealmaking drags NEW YORK: Wall Street banks are expected to report higher profits for the second quarter as rising interest payments... Published 11 Jul, 2023 03:50pm
World JPMorgan board member Jim Crown dies in an accident NEW YORK: JPMorgan Chase & Co. board member Jim Crown died on Sunday in an accident, it said in a memo from... Published 03 Jul, 2023 06:04am
Business & Finance Bank of America to expand in four US states NEW YORK: Bank of America Corp is adding consumer branches in four new US states, it said on Tuesday, bringing its... Published 03 Jul, 2023 06:04am
Markets Iran’s oil exports hit 5-year highs as US holds nuclear talks LONDON: Iran’s crude exports and oil output have hit new highs in 2023 despite US sanctions, according to... Published 19 Jun, 2023 06:55am
Markets China’s May diesel exports almost four times prior year’s level BEIJING: China’s exports of refined fuel products surged year-on-year in May, data showed on Sunday, as weak... Published 18 Jun, 2023 09:58am
Business & Finance Japan will stop yen decline beyond USD/JPY 145, most economists say TOKYO: Japan’s government and central bank will act to stop the yen’s decline if it depreciates to the 145 per US... Published 15 Jun, 2023 09:24am
Business & Finance JPMorgan expects Turkiye central bank to lift rates to 25% on June 22 LONDON: JPMorgan said on Monday it expects Turkey’s central bank to hike interest rates to 25% from the current 8.5%... Published 12 Jun, 2023 12:46pm
Markets Erdogan names Erkan to head Turkiye central bank, policy pivot expected ISTANBUL: President Tayyip Erdogan on Friday appointed Hafize Gaye Erkan, a finance executive in the United States,... Published 09 Jun, 2023 01:32pm
World For Musk and other foreign CEOs visiting China, silence is golden SHANGHAI/BEIJING: A veritable parade of overseas CEOs including Tesla’s Elon Musk and Goldman Sachs’ David Solomon... Published 07 Jun, 2023 10:19am
Business & Finance JPMorgan to close 21 First Republic Bank branches NEW YORK: JPMorgan Chase & Co will shut 21 branches of First Republic Bank by the end of the year as it... Published 05 Jun, 2023 03:27am
Business & Finance JPMorgan to close 21 First Republic Bank branches NEW YORK: JPMorgan Chase & Co will shut 21 branches of First Republic Bank by the end of the year as it... Published 01 Jun, 2023 06:54pm
Markets JP Morgan hikes India’s FY24 GDP forecast to 5.5% JP Morgan raised its forecast for India’s annual growth by 50 basis points to 5.5% for fiscal 2024, but warned that... Published 01 Jun, 2023 09:52am
Business & Finance JPMorgan CEO says unlikely to acquire other struggling banks NEW YORK: JPMorgan Chase & Co CEO Jamie Dimon said that it is “unlikely” that the bank will acquire any ... Published 22 May, 2023 06:23am
Markets Western Alliance says no unusual deposit outflows after First Republic sale Western Alliance Bancorp said on Wednesday it had not experienced unusual deposit outflows following the sale of... Published 04 May, 2023 11:15am
Business & Finance Treasuries: Yields inch up slightly after First Republic asset sale WASHINGTON: US Treasury yields opened higher on Monday after JPMorgan announced that it would buy most of First... Published 02 May, 2023 05:59am
Business & Finance JPMorgan to buy First Republic after regulators seize control SAN FRANCISCO: US financial authorities seized California’s troubled First Republic Bank on Monday and sold it to... Published 01 May, 2023 05:25pm
Business & Finance US allowed JPMorgan payment route for Russian agricultural exports MOSCOW: The United States gave JPMorgan Chase & Co permission to process payments for the Russian Agricultural... Published 26 Apr, 2023 05:02pm
Business & Finance Bank of America profit rises as it cashes in on higher interest rates Bank of America Corp’s profit rose in the first quarter as it earned more from customers’ interest payments while... Published 18 Apr, 2023 04:29pm
Business & Finance Latest banking crisis will be felt for years, says JPMorgan Chase CEO NEW YORK: While the current banking crisis isn’t like 2008, it “is not yet over” and will be felt for years to... Published 10 Apr, 2023 06:45am
Business & Finance US bank trading revenue, deposits in focus after roller-coaster month NEW YORK: As US banks prepare to close the books on a tumultuous quarter, analysts say trading revenue and deposits... Published 28 Mar, 2023 06:21am
Markets Bumper Chinese factory data lifts industrial metals prices LONDON: Prices of copper and other industrial metals rose on Wednesday after data from China, the biggest metals... Published 02 Mar, 2023 06:23am
Markets India’s Adani Enterprises shares rocket 25% MUMBAI: Shares in the flagship firm of troubled Indian conglomerate Adani rocketed as much as 25 percent Tuesday,... Updated 07 Feb, 2023 01:52pm
Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees