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…
BOJ panelist calls for steady rate hikes, warns of inflation risk
The Bank of Japan must steadily raise interest rates to guard against the risk of inflation accelerating well above its…
French preliminary May inflation higher than expected at +2.7%, Q1 GDP confirmed
French consumer prices rose by 2.7% year-on-year in May, surpassing expectations due to higher energy costs, according to preliminary data…
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…
China’s May PMI disappointed as manufacturing fell back into contraction
China’s May manufacturing PMI fell to 49.5, down from 50.4 in April. May’s manufacturing PMI marked a 3-month low and…
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…
Price cuts, weaker spending may boost Fed’s faith in inflation outlook
A new round of price cuts by major U.S. retailersand data showing a consumer spending slowdown may boost the Federal…
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…