Lloyds hires ING tech boss as operations head
LONDON (Reuters) – Britain’s biggest domestic bank Lloyds has hired ING’s technology chief to run its operations, Lloyds said on…
Citi To Wind Down Consumer Banking In China, Affecting About 1,200 Staff
By Xie Yu SINGAPORE (Reuters) -Citigroup Inc will wind down its consumer banking business in China in a move that…
H&M Shares Drop As Sept-Nov Sales Fail To Impress
By Stine Jacobsen COPENHAGEN (Reuters) -Shares in H&M, the world’s second-biggest fashion retailer, fell 4.5% in early Thursday trade as…
Fashion Retailer H&M’s Sept-Nov Sales Beat Forecast
By Stine Jacobsen COPENHAGEN (Reuters) -H&M, the world’s second-biggest fashion retailer, reported on Thursday a 10% increase year-on-year in September-November…
Hong Kong Central Bank Raises Rates After Fed Hike, HSBC Follows
HONG KONG (Reuters) -The Hong Kong Monetary Authority (HKMA) said on Thursday it would raise its base rate charged through…
Japan trade deficit soars on weak yen, high oil prices
TOKYO (AP) — Japan’s trade deficit surged to over 2 trillion yen ($15 billion) in November as higher costs for…
U.S. stocks fall as Fed signals it will remain aggressive
NEW YORK (AP) — Stocks fell broadly on Wall Street Thursday following the latest signal from the Federal Reserve that…
Analysis-Investors bet Fed will blink if recession hits despite ‘higher for longer’ mantra
By Davide Barbuscia and David Randall (Reuters) – Some investors believe an expected recession will force the Federal Reserve to…
China Property Slumps Further In Nov, Policies Support Gradual Recovery
By Liangping Gao and Ryan Woo BEIJING (Reuters) -China’s property sector shrank further in November, with falls in prices, sales…
How the Fed’s rate hikes could affect your finances
NEW YORK (AP) — The Federal Reserve’s move Wednesday to raise its key rate by a half-point brought it to…