A group representing the world’s top banking regulators warns that some cash-strapped commodities traders are hedging less since last year’s unprecedented market turmoil — a strategy may leave them more vulnerable if prices spike again.
UK Premier Rishi Sunak appears close to a deal with the EU to end the wrangling over the region’s unique trading arrangements.
Oil rose after a weekly loss on hopes that a Chinese demand rebound is picking up pace following the end of the Asian nation’s Covid Zero policy, outweighing hawkish signals from the Federal Reserve.
Tesco Plc plans to raise store employees’ base pay by 7% as workers across the UK struggle to keep up with the rising cost of living.
Billionaire Gautam Adani’s ports unit will prepay a short-term debt due next month amounting to 10 billion rupees ($121 million) as the Indian tycoon attempts to soothe investors following a short seller attack that has put his empire’s financial health under the scanner.
Raiffeisen Bank International AG fell after disclosing that the US is probing its payment business in Russia, which the Austrian lender continues to run a year after Moscow’s invasion of Ukraine.
The unscheduled trip comes as Russia nears the one-year mark of its invasion of Ukraine.
Dubai’s financial center is in talks with more than 50 hedge funds about setting up in the Middle East business hub after attracting industry heavyweights such as Millennium Management and ExodusPoint Capital Management.
Silicon Valley’s leading data-protection watchdog in Europe is set to remain stretched in a raft of high-profile privacy probes after Ireland failed to deliver on a pledge to beef up its senior ranks.
A group of European Union member states is pushing for the bloc to ramp up its ability to hit back against those helping Russia circumvent sanctions, including through the use of trade measures.
