Bank of America announced Friday that it will move its hub for EU business to Dublin from London following Brexit. The Irish capital will be "the preferred location for (the bank's) principal EU...
Citigroup has picked Frankfurt as its headquarters for broker-dealer duties for EU countries after Brexit, a Citigroup executive announced Thursday in an email reviewed by AFP. The operations are...
Morgan Stanley has picked Frankfurt as a new temporary hub to operate in the European Union when Brexit takes effect, a person familiar with the situation said Wednesday. The New York investment bank...
Wall Street stocks finished little changed Tuesday, rebounding from a mid-session swoon sparked by unease over Donald Trump Jr's interactions with Russian interests. Markets had been chugging through...
Is an Apple Car about to hit the road? The California technology colossus behind the iPhone has confirmed its interest in self-driving cars, but experts are trying to deduce the secretive company's...
The Federal Reserve gave the green light on Wednesday to plans by all 34 large banks seeking to provide big payouts to shareholders after the firms passed the annual stress tests. It is the first...
As they await this week's stress test results, US banks face a dilemma their European counterparts can only dream of: what to do with a pile of excess cash? The answer is expected to become clearer...
Major international finance institutions in Hong Kong made a landmark intervention Wednesday in the case of a gay couple struggling to get their rights recognised by the city's courts. The 12...
US coal producers welcomed President Trump's decision on Thursday to pull the US out of the Paris climate deal. But the move drew criticism from other business executives, who said it would hurt US...
Australia's role as a testing ground for global media giants such as the New York Times, Daily Mail and the Guardian could hasten the decline of embattled local players as they fight for eyeballs and...
American oil production is approaching record levels again, led by shale projects, potentially foiling efforts by OPEC to support prices. Oil prices were boosted this week after Saudi Arabia and...
Lloyd's of London says it will establish a new European subsidiary in Brussels to avoid losing business when the UK leaves the EU. The 329-year-old insurance market confirmed the plan as it released...
The feud sparked by Google's failure to remove extremist content from its site Youtube could lead to the end of automated ad placement, experts have warned. Household names including Marks and...
Google's money-making foundation is strong enough to endure a current boycott by advertisers, but the movement could rattle the practice of software "programmed" ad placement, analysts said on...
Hebron Fin Investments, a company that trades foreign currencies online, has debunked claims by the central bank that it is operating illegally, saying the Foreign Exchange Act does not cover online...
They are agnostic on market direction, but ubiquitous in markets. Firms like Goldman Sachs and Morgan Stanley may get the headlines, but algorithms are the real force today on Wall Street. The...
Reckitt Benckiser (RB. L) has agreed to buy U.S. baby formula maker Mead Johnson Nutrition (MJN.N) for $16.6 billion, giving the British consumer goods company a new product line and expanding its...
They typically seek to sell ownership of such assets at a big profit a few years after they invest. Insurance broker Aon PLC (AON. N) said on Friday it agreed to sell its benefits administration and...
European shares rose to within striking distance of their highest levels in more than a year on Friday while the dollar was buoyant as investors cheered upbeat Chinese trade data and hopes of...
The increasingly unpredictable French presidential election race unnerved European financial markets on Tuesday, tipping the euro towards its biggest fall this year and driving investors away from...
