HSBC has taken a drastic approach to cost-cutting under its new chief executive, Georges Elhedery, by terminating investment bankers on the day they were scheduled to receive their bonus figures—without awarding them
Spot silver prices soared to an unprecedented high above $52.50 an ounce, eclipsing the record set during the infamous attempt to corner the global market in 1980. The precious metal climbed as
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Amazon’s Ring is introducing facial recognition for the first time on its home security doorbells and cameras, allowing users to identify friends, family, and neighbors. The feature, called “Familiar Faces,” will be
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ACS Capital, a licensed capital markets firm in Sri Lanka, has announced a strategic partnership with the Edinburgh University Trading & Investment Club (EUTIC), Scotland’s largest student-led investment fund. The collaboration is
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Gold surged to a new all-time high on Wednesday, surpassing $3,500 per ounce, as investors anticipated a possible interest rate cut by the US Federal Reserve this month amid concerns that ongoing
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BlackRock Inc. has paused fundraising for its third Asia-Pacific private credit fund as it integrates its recent acquisition of HPS Investment Partners, adding uncertainty to its ambitions in the region’s fast-growing private
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China has stepped up longer-term liquidity injections into its financial system in an effort to ease pressure on the bond market and ensure adequate funding for its slowing economy, according to Bloomberg.
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One of India’s biggest recent trading mishaps unfolded in Mumbai on Thursday when Spark Institutional Equities Pvt., a unit of Avendus Capital Pvt., mistakenly executed duplicate block orders to sell shares of
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Editor’s Note: The following remarks were shared by Trinh Nguyen, Senior Economist for Emerging Asia at Natixis, during her lecture titled ‘Navigating the Uncertainty.’ The event was organised as part of the
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As billionaire Jeff Bezos prepares to tie the knot with television anchor Lauren Sánchez in Venice this week, the Italian city’s picturesque canals and palazzos are becoming the unlikely backdrop for a
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Bank of England Governor Andrew Bailey has firmly rejected accusations from Reform UK that the central bank’s bond-buying and selling policies amount to a “systemic misuse of taxpayers’ money.” In a pointed
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