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Financials

World’s largest hedge funds record bumper year of profits

by Walter Watson
World’s largest hedge funds record bumper year of profits

Signage for Citadel Investment Group LLC hangs outside their office in Chicago, Illinois, U.S. Bloomberg | Getty Images The world’s top hedge funds raked in record profits last year amid …

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UK and Switzerland to sign post-Brexit financial services deal

by Walter Watson
UK and Switzerland to sign post-Brexit financial services deal

The U.K. and Switzerland are deepening the ties between their financial services sectors with a new post-Brexit deal. Sopa Images | Lightrocket | Getty Images LONDON — The U.K. and …

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EU leaders fail to agree on a €50 billion aid package for Ukraine

by Walter Watson
EU leaders fail to agree on a €50 billion aid package for Ukraine

European Council Belgian President Charles Michel delivers remarks to journalists at the end of the first day of a European Union summit at the EU headquarters in Brussels, on December …

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Here’s an unusual income play for U.S. investors out of China

by Walter Watson
Here’s an unusual income play for U.S. investors out of China

Investors looking for dividend plays may want to check out China-based wealth management firm Noah , according to UBS. The Wall Street firm upgraded the company, which trades in the …

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Singapore bank DBS Q3 2023 earnings: quarterly profit beats forecast

by Walter Watson
Singapore bank DBS Q3 2023 earnings: quarterly profit beats forecast

DBS branch in Hong Kong. Budrul Chukrut | SOPA Images, LightRocket | Getty Images Southeast Asia’s largest lender DBS Group reported a 17% jump in third-quarter profit on Monday, benefiting …

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Morgan Stanley (MS) and Wells Fargo (WFC) have more room to run

by Ron Morgan
Morgan Stanley (MS) and Wells Fargo (WFC) have more room to run

The financial sector is making a comeback, and it looks to stay there. Club names Morgan Stanley (MS) and Wells Fargo (WFC), in particular, have perked up recently. Still, we …

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Stock market today: Live updates

by Walter Watson
Stock market today: Live updates

Traders work on the floor of the New York Stock Exchange (NYSE), July 26, 2023. Brendan McDermid | Reuters Stock futures rose slightly to kick off the final trading week …

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Malaysia’s Anwar vows to recover Goldman 1MDB settlement, warns of lawsuits

by Walter Watson
Malaysia’s Anwar vows to recover Goldman 1MDB settlement, warns of lawsuits

Malaysia’s then-opposition leader Anwar Ibrahim leaves after meeting with Malaysia’s King at the National Palace in Kuala Lumpur on November 22, 2022. Nurphoto | Nurphoto | Getty Images Malaysia’s Prime …

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ASEAN moves closer to economic unity with new regional payments system

by Walter Watson
ASEAN moves closer to economic unity with new regional payments system

Indonesian President Joko Widodo makes a speech during the Association of Southeast Asian Nations (ASEAN) Foreign Minister’s Meeting in Jakarta, Indonesia on July 14, 2023. Murat Gok | Anadolu Agency …

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Vietnam’s digitalization efforts fuel startup scene

by Walter Watson
Vietnam’s digitalization efforts fuel startup scene

Vietnamese employees working inside the French IT company Linkbynet in Ho Chi Minh City. A decade ago app technology would likely have been developed in California’s Silicon Valley, but today …

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