Featured Archives • Page 939 of 1408 • Financial News

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PayPal to cut 2,000 jobs in push to trim costs

PAYPAL Holdings said it will cut 2,000 staffers as it contends with a macroeconomic slowdown that’s weighed on the firm’s business in recent quarters.

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Indian central bank partially relaxes restrictions on SBM Bank India

THE Reserve Bank of India (RBI) said on Tuesday it had decided to partially relax the restrictions on SBM Bank (India) until Mar 15, by allowing ATM and point-of-sale transactions on internationally active debit cards issued by the bank.

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Hong Kong regulator to regulate stablecoins as crypto risks mount

HONG Kong’s de facto central bank will push ahead with proposals to regulate stablecoins, as it seeks to address the risks they pose to financial stability highlighted by the crypto sector’s turmoil last year.

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As central banks hike gear up to rates again, a renewed call to focus on financial stability

The US, European Union and the UK are all expected to announce a hike in interest rates this week, with analysts keeping a close eye on whether these will be higher than the consensus forecasts.

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Financial stability in the crosshair of investors as central banks gear up to hike rates again

The US, European Union and the UK are all expected to announce a hike in interest rates this week, with analysts keeping a close eye on whether these will be higher than the consensus forecasts.

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Financial stability in the spotlight as central banks gear up to hike rates again

The US, European Union (EU) and the UK are all expected to announce a hike in interest rates this week, with analysts keeping a close eye on whether these will be higher than the consensus forecasts.

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Eurozone yields edge down after weak data from France, Germany

EUROZONE yields fell on Tuesday (Jan 31) after economic data revived fears of a marked slowdown, while investors braced for a rate hike of 50 basis points (bps) and possibly further hawkish guidance at the European Central Bank (ECB) policy meeting.

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UniCredit hikes payout goal by 40% after record profit

UNICREDIT pledged on Tuesday (Jan 31) to return 5.3 billion euros (S$7.48 billion) to investors, after it posted a record profit for the fourth quarter of 2022.

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UniCredit pledges payout of 5.3 billion euros after posting record profit

UNICREDIT pledged on Tuesday (Jan 31) to return 5.3 billion euros (S$7.48 billion) to investors, after it posted a record profit for the fourth quarter of 2022.

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UBS profit beats estimates as rates offset trading slowdown

UBS Group reported fourth-quarter profit that beat expectations, and said that it plans to buy back more than US$5 billion of shares this year, as rising interest rates helped offset a slump in trading fees and transaction income in its key wealth-management business.

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