BACK-to-back interest-rate increases of 50 basis points are approaching from the European Central Bank (ECB), whose battle with persistent inflation will see it hike borrowing costs until May, according to a survey of economists.
A 50 per cent rally has made shares of HSBC Holdings the most overbought in more than three decades, as investors piled back into the retail favourite given a brighter outlook from China’s reopening.
WELLS Fargo & Co chief executive officer Charles Scharf’s total compensation for 2022 was unchanged at US$24.5 million, the Wall Street bank said in a regulatory filing on Thursday.
VISA and Mastercard saw purchase volumes on their cards climb less than expected in the final three months of the year, a sign that historic levels of inflation have begun to put a damper on consumer spending.
THE US dollar edged up on Thursday (Jan 26) after sinking to an eight-month low against peers ahead of US economic data, with investors expecting a recession to encourage the Federal Reserve to slow down its monetary-tightening push.
MORGAN Stanley fined some of its own bankers more than US$1 million each for conducting business on WhatsApp and other messaging platforms, the latest fallout from an industrywide probe that saw US regulators impose the record penalties for monitoring lapses.
PRIVATE equity and venture capital investments in the Asia-Pacific excluding Japan declined in 2022, continuing on a downward trajectory since the third quarter of 2021.
