Barclays, RBS, HSBC, Credit Suisse, UBS fined for forex trading cartel

The financial offices of banks are pictured in the financial district of Canary Wharf from Greenwich Park in London on January 17, 2017. Ben Stansall | AFP | Getty Images The European Commission has fined five banks for their participation in an illegal foreign exchange cartel. The commission said in a statement on Thursday that … Read more

American Airlines, Gap, Moderna and more

An American Airlines plane lands at Ronald Reagan Washington National Airport on November 23, 2021 in Arlington, Virginia. Drew Angerer | Getty Images Check out which companies are making the headlines at midday Tuesday. American Airlines, Norwegian Cruise Line — Travel stocks fell, as investors continued to assess risks from the Covid-Omicron variant. American Airlines … Read more

These 5 Asia stocks are set to benefit from rising yields, UBS says

The giant Swiss bank UBS logo is engraved on the wall at its headquarters on May 8, 2019 in Zurich. Fabrice Cofferini | AFP | Getty Images UBS named five Asian stocks with “high conviction” that it believes are better positioned to benefit from higher real returns. They are all rated by the bank. .

Central bank digital currencies are moving slowly — but not in China

A Chinese digital yuan currency is displayed on a mobile phone in Yichang, Hubei Province, China, February 22, 2021. Costphoto | Barcroft Media | Getty Images Don’t expect central banks to release their own digital currencies anytime soon – that was the message from the Bank of England this week. Britain’s central bank said on … Read more

HSBC reports Q3 2021 earnings

The HSBC building in Canary Wharf, London, UK Leon Neal | AFP | Getty Images HSBC is due to release its third-quarter financial report card at noon on Monday HK/Singapore time. Analysts expect the Asia-focused bank to report another quarter gain in earnings as the global economy recovers from the recession caused by the Covid-19 … Read more

HSBC third-quarter earnings, China Covid, oil prices

SINGAPORE – Stocks in Japan are set for a lower start on Monday as investors eye more corporate earnings in the United States. Futures pointed to a lower open for Japanese stocks. Chicago’s Nikkei futures were 28,535 while its counterpart in Osaka was 28,690. This compares with the Nikkei 225’s last close at 28,804.85. Shares … Read more

HSBC has some strategies for investors to overcome the ‘wall of worry’

HSBC Holdings Plc’s headquarters building in Hong Kong, China. Paul Young | Bloomberg | Getty Images London – HSBC Asset Management has shared a wealth of advice with clients looking to navigate the current ‘wall of anxiety’ facing global markets. With concerns about global growth and inflation causing tensions recently, along with the possibility of … Read more