ECB told not to take banks’ word for it when assessing risk
FRANKFURT (Reuters) – The European Central Bank should stop relying on banks’ self-assessments when setting capital requirements and do its…
Economy
M&T Bank Corp beats profit estimates as interest income doubles
(Reuters) – M&T Bank Corp beat Wall Street estimates for first-quarter profit on Monday, as the U.S. Federal Reserve’s rapid…
Porsche posts record Q1 sales rise boosted by China
(Reuters) -Porsche AG posted a record year-on-year sales increase of 18% in the first quarter, boosted by China sales, the…
Indonesia posts $8.7 billion Q1 budget surplus, stronger rupiah seen cutting deficit outlook
JAKARTA (Reuters) – Indonesia posted a 128.5 trillion rupiah ($8.69 billion) budget surplus in the first quarter on strong tax…
Agnellis’ Exor eyes further healthcare investment for expansion
By Giulio Piovaccari MILAN (Reuters) -Exor the holding company of Italy’s Agnelli family, will seek further opportunities to expand in…
Banking stability worries go behind closed doors at IMF-World Bank meetings
By David Lawder and Andrea Shalal WASHINGTON (Reuters) – Just a month after the biggest banking crisis in more than…
Marketmind: Banks calm the horses
A look at the day ahead in U.S. and global markets from Mike Dolan. As U.S. banking giants calm the…
Turkish budget deficit widens in March after quakes
ISTANBUL (Reuters) – Turkey’s central government budget recorded a deficit of 47.22 billion lira ($2.46 billion) in March, the Finance…
Volkswagen to partner on Indonesia EV battery ecosystem -minister
JAKARTA (Reuters) – Volkswagen will build an electric vehicle (EV) battery ecosystem in Indonesia and will partner with miner Vale,…
Renault reviewing prices worldwide after Tesla cuts
By Gilles Guillaume PARIS (Reuters) -French carmaker Renault is reviewing its pricing policies of electric cars worldwide to ensure it…