The Latest Breaking News on Financial Services

The total number of hoteliers affected by the Covid-19 pandemic applying for the central bank's asset warehousing scheme has declined thanks to the rebound in the tourism sector, according to an executive at the Bank of Thailand (BoT).

Consumer confidence dropped month-over-month in November. However, it remains well above the mark, indicating a healthy economy. We think investors’ quality stocks, UnitedHealth Group (UNH) and Bristol-Myers Squibb (BMY), which have solid dividend-paying records, could help navigate the uncertainties. However, fundamentally weak Peloton Interactive (PTON) and Mullen Automotive (MULN) might…

With inflation showing signs of cooling down, the Fed will likely relax its aggressive monetary policy. Moreover, many are hopeful that the economy might witness a soft landing. While we believe investors should buy fundamentally sound small-cap stock CSW Industrials (CSWI), WeWork (WE) might be best avoided considering the market…

Fu Xiaodong, who was president of CDB’s Henan unit, accused of accepting bribes and turned over to prosecutors, graft busters say

The 28-year-old fell into debt after losing his job during lockdown and becoming addicted to cocaine

The RBA had done all that could be done with monetary policy to fight the possibility of recession/depression from a global pandemic

Although hopes of a Fed pivot have boosted investor sentiment, a global recession could hit next year. Against this backdrop, we think fundamentally strong large-cap stocks Synopsys (SNPS), The Hershey Company (HSY), Cintas Corporation (CTAS), and Fortinet (FTNT) are good investments for stable returns. Read on….

Three companies complain over lack of transparency around deal which could be biggest government bailout since RBS and Lloyds

The charges come more than a year after a federal grand jury subpoenaed the agency in May 2021 seeking records on Mustafaa Saleh and two dozen properties the land bank obtained and sold.