Better-than-expected U.S. growth data lifted the dollar on Thursday as the euro fell amid worries about tensions between Ukraine and Russia.» Read More
NEW YORK, July 18- Citigroup Inc has about $280 million in loans tied to commodities in two Chinese ports which are at the center of a probe into possible fraud, a senior executive said on Friday, becoming the first U.S. bank to disclose its potential exposure.
LONDON, July 18- World markets remained under pressure on Friday after the downing of a Malaysian airlines jet at the Ukraine- Russia border, new sanctions on Moscow and unrest in Gaza had sent investors scurrying into defensive assets.
A proposed merger in Malaysia will create the first Islamic bank that will have enough clout to challenge conventional, often Western, banks.
MUMBAI, July 16- Indian budget airline IndiGo has picked six lead managers for its initial public offering, which could be worth up to $400 million, three people involved in the deal said.
China's economy grew 7.5 percent in the second quarter from the year-ago period, beating a broad consensus estimate of 7.4 percent and coming after the 7.4 percent expansion in the first quarter.
*Tencent, JD.com tie-up sharpens e-commerce challenge. SHANGHAI, March 17- Alibaba's dominance of online retail in China faces its biggest-ever challenge as the firm founded by Jack Ma in an apartment 15 years ago lines up a U.S. initial public offering that could value the firm at around $140 billion.
Burberry shareholders rejected a 20 million pound remuneration package for its new chief executive, Christopher Bailey. The Financial Times reports.
As World Cup fever spread, the usually sober investment banks-turned-pundits offered their predictions. Here's how they did.
"We believe that freedom of expression, including of the press, has played an important part in Hong Kong's success," the report, made available by the British Consulate General in Hong Kong, said.
"As such we take seriously concerns about press freedom, including fears about self-censorship," it adds, saying London would monitor the situation closely and noting Hong Kong leader Leung Chun- ying's "clear statements on press freedom".
HONG KONG, July 10- Chinese pork producer WH Group Ltd is seeking to raise up to $3 billion as early as this month in a revived Hong Kong initial public offering which saw the deal size cut by nearly two-thirds, Thomson Reuters publication IFR reported on Thursday.
Commerzbank may pay between $600 and $800 million to resolve investigations into its dealings with countries under U.S. sanctions, sources said.
NEW YORK, July 9- German lender Commerzbank AG is expected to pay between $600 million and $800 million to resolve investigations into its dealings with Iran and other countries under U.S. sanctions, sources familiar with the matter said.
As the kiwi trades within striking distance of its post-float high, the trade that's been on fire since mid-2013 looks unstoppable, analysts say.
Brazil was defeated by Germany in the World Cup semi-final, but the Germans haven't only been thrashing the Brazilians on the football pitch.
Indonesia's tight presidential race spurred fears of a market selloff, but some say whoever wins will pursue the same policies to lure foreign investment.
China's quest to turn its yuan into a global currency has halted as the planned worldwide payments superhighway looks certain to get delayed.
BEIJING/ HONG KONG, July 9- China's quest to turn its yuan into a full-fledged global currency has hit a road-block as the planned roll-out of a worldwide payments superhighway looks certain to get delayed because of policy snags and technology challenges.
FRANKFURT, July 8- U.S. authorities have begun settlement talks with Germany's Commerzbank and Deutsche Bank over their dealings with countries blacklisted by the United States, extending a crackdown on European banks at a delicate point in U.S.-German relations. Deutsche Bank and Commerzbank declined to comment.
SINGAPORE, July 8- Singapore sovereign investor Temasek Holdings wants to increase its holdings in China's financial services and technology sectors, banking on the long-term growth prospects of the world's second largest economy.