China commercial banks’ profits squeezed, loan quality holds steady
Chinese commercial banks saw their profitability further squeezed in the first quarter of the year amid a slowing economy, while…
Turkish economy expands 5.7% in first quarter on strong domestic demand
Turkey’s economy grew 5.7% in the first quarter, in line with expectations, official data showed on Friday, driven by strong…
German retail sales fall more than expected in April
German retail sales fell more than expected in April, decreasing by 1.2% compared with the previous month, dimming hopes that…
Fed’s Logan: inflation heading to 2%, too soon to cut rates
Dallas Federal Reserve Bank President Lorie Logan said on Thursday she believes inflation is still heading to the Fed’s 2%…
India’s economy grows faster-than-expected 7.8% y/y in Jan-March
India’s economy grew at a faster-than-expected pace of 7.8% year-on-year in the January-March quarter, helped by government spending and resilient…
India’s FY24 fiscal deficit lower than full-year target
India’s fiscal deficit for the financial year ended March 31 was lower than its full-year target of 5.8% of the…
Traders add to bets the Fed will cut rates in September after PCE data
Traders on Friday added to bets the Federal Reserve will deliver a first rate cut in September after a U.S.…
Bank of America CEO expects 10% to 15% jump in investment banking fees in Q2
Bank of America’s investment banking fees are expected to rise 10% to 15% in the second quarter from a year…
For Trump’s false records conviction, prison is rare but not unprecedented
Now that the jury in Donald Trump’s criminal trial has made the historic decision to convict him, the judge overseeing…
UK income growth lagged peers in period dominated by Conservatives, think tank says
Incomes in Britain grew at half the pace of those in the U.S. and lagged even further behind those in…