UBS to pay $1.4 bn to settle US fraud charges on subprime loans

UBS will pay $1.4 billion to settle US charges that it defrauded investors in the sale of mortgage-backed securities, resolving the last big case stemming from the 2008 financial...

2023-08-15 08:17

As planet gets warmer, ski gondola maker goes urban

Austrian company Doppelmayr is well known for making gondolas for ski resorts, but its workshop is increasingly building cable cars for congested cities as climate...

2023-09-24 11:17

Analysis-IMF, World Bank 'impotent' on Israel-Gaza war shock as reforms edge forward

By Andrea Shalal and David Lawder MARRAKECH, Morocco Global finance leaders' paralysis in addressing the fallout from the

2023-10-16 13:53

Walmart raises forecasts, tops sales estimates as lower prices pull in shoppers

Walmart Inc raised its full-year forecasts and beat estimates for second-quarter sales on Thursday, underscoring its strength in

2023-08-17 19:20

Futures muted as investors weigh chances of June rate pause

By Sruthi Shankar and Shristi Achar A Wall Street futures were subdued on Monday after a solid rally

2023-06-05 19:47

Philippines need not match Fed's 25 bps hike - finance minister

MANILA The Philippines' finance minister said monetary authorities have room to pause on rate hikes in August despite

2023-07-31 00:15

Dutch health tech company Philips raises outlook as Q3 profit jumps

AMSTERDAM Dutch health technology company Philips on Monday raised its full-year outlook as it beat analyst expectations with

2023-10-23 13:18

Uber steps up EV push in India with Uber Green

By Aditi Shah and Navamya Ganesh Acharya NEW DELHI/BENGALURU (Reuters) -Ride-hailing platform Uber Technologies is stepping up its efforts to

2023-05-24 18:25

ECB’s Digital Euro Moves One Step Closer to Becoming Reality

The European Central Bank shifted to the next stage of its digital-euro project — preparing the ground to

2023-10-19 16:18

Signify to cut jobs in revamp to save 200 million euros annually

By Diana Mandia Signify is to cut jobs as part of a restructuring that is targeting annual savings

2023-12-01 20:49

European Stocks Slide as Infineon’s Weak Outlook Weighs on Tech

European shares slipped as tech shares were dragged down by Infineon Technologies AG’s outlook, while the Bank of

2023-08-03 19:53

China Stimulus to Make ‘Big Impact,’ Ex-PBOC Official Says

The stimulus plan that China just rolled out will boost new areas of the economy while avoiding funneling

2023-10-25 13:26