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TikTok, Oracle deal still shrouded in uncertainty as companies tussle over ownership The TikTok deal President Trump blessed this weekend is still facing uncertainty over the ownership structure of the new company, putting the agreement in jeopardy as a deadline for a U.S. ban of the video app approaches again. Support our journalism.
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Fed Moves to Overhaul Lending Rules for Poorer Communities WASHINGTON—The Federal Reserve, following an earlier split between banking regulators, took an initial step to rewrite rules for hundreds of billions of dollars in lending and investment in lower-income neighborhoods. Fed governors voted 5-0 to seek ...
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Quibi Is Exploring a Sale: Live Updates Quibi, the short-form streaming service started by Jeffrey Katzenberg and led by Meg Whitman, is exploring a sale of the company, two people familiar with the matter said Monday. The company is working with financial advisers to consider a range of options ...
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Dollar slips, yen inches higher as Fed rhetoric in focus SINGAPORE (Reuters) - The dollar slipped and yen and yuan led Asia's currencies a little higher on Monday, as investors looked ahead to a slew of U.S. Federal Reserve speakers this week and to a decision on the inclusion of Chinese government bonds in ...
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Yen hits six-month high against subdued dollar, Fed in focus LONDON (Reuters) - The yen hit a six-month high against the dollar on Monday, gaining for a sixth consecutive session against the greenback as stock markets tumbled and pushed investors to the perceived safety of the Japanese currency. FILE PHOTO: ...
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Global banks seek to contain damage over $2 trillion of suspicious transfers HONG KONG/LONDON (Reuters) - Global banks faced a fresh scandal about dirty money on Monday as they sought to limit the fallout from a cache of leaked documents showing they transferred more than $2 trillion in suspect funds over nearly two decades.
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Fed's Kaplan Worries New Fed Rate Guidance Ties Policy Makers' Hands Federal Reserve Bank of Dallas leader Robert Kaplan said Monday the U.S. central bank's new guidance on the future of interest rates may complicate officials' future decision making and stoke risk-taking in financial markets. In an interview with The Wall ...
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'Free money' for banks as investors pile into fractured gold market LONDON (Reuters) - Banks are making huge profits from gold as investors flood into a market fractured by the coronavirus crisis. FILE PHOTO: FILE PHOTO: Gold bars at the Austrian Gold and Silver Separating Plant in Vienna, Austria, March 18, 2016.
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HSBC, StanChart shares fall to 22-year lows on reports of illicit money flows HONG KONG/LONDON (Reuters) - HSBC's shares in Hong Kong and Standard Chartered's in London fell on Monday to their lowest since at least 1998 after media reports that they and other banks, including Barclays and Deutsche Bank, moved large sums ...
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HSBC shares sink to 25-year low in HK, StanChart sags over dirty money scandal HONG KONG (Reuters) - HSBC HSBA.L and Standard Chartered STAN.L Hong Kong shares dropped on Monday after media reports that they and other banks moved large sums of allegedly illicit funds over nearly two decades despite red flags about the ...
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