European Central Bank to focus on shrinking balance sheet as markets bet on rate cuts
FRANKFURT — The European Central Bank meets this week with investors closely monitoring to see when the Frankfurt institution might…
Biden order curbing investment to China expected next week
President Joe Biden is expected to issue his long-awaited executive order to screen outbound investments in sensitive technologies to China…
BlackRock returns to India, joining forces with Indian tycoon Mukesh Ambani’s financial arm
BlackRock has joined forces with the financial services arm of India’s tycoon Mukesh Ambani in what’s been referred to as…
SoftBank-backed digital bank Zopa beefs up executive team with IPO-experienced CTO
LONDON — British digital bank Zopa is beefing up its management team with a couple of senior hires, as the…
Big banks are talking up generative A.I. — but the risks mean they’re not diving in headfirst
AMSTERDAM, Netherlands — Major banks and fintech companies claim to be piling into generative artificial intelligence as the hype surrounding the…
Investors are eyeing China’s neighbors as the recovery from ‘zero-Covid’ slows
China’s lackluster economic recovery since emerging from strict “zero-Covid” lockdowns has caused weaker sentiment toward the country, prompting investors to…
Senegal, one of Africa’s bastions of stability, faces its gravest threat of unrest in decades
The criminal conviction of a populist opposition leader in Senegal has triggered widespread unrest that threatens the West African country’s…
IMF chief says there’s no significant slowdown in lending and the Fed may need to do more
The International Monetary Fund has yet to see enough banks pulling back on lending that would cause the U.S. Federal…
Why wealthy Americans love UBS, the secretive Swiss banking giant
With its $3.2 billion acquisition of Credit Suisse, UBS is poised to climb the ranks of global mega banks. UBS…
‘A very problematic market’: As Arm shuns London, tech investors question UK as an IPO destination
The U.K. may be a great place to build a tech company — but when it comes to taking the…
