breaking financial news
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Regulators must tackle ‘severe risk’ of greenwashing, IOSCO says
The secretary general of the International Organisation of Securities Commissions, Martin Moloney, said regulators must tackle rising concerns of greenwashing. “It’s…
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Fund manager M&A frenzy spills into first quarter as global deals reach $18bn
The wave of fund manager M&A that drove global deal numbers to a record high last year has run into 2022, with the…
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Creator of TerraUSD plans to overhaul cryptocurrency
The price of the stablecoin TerraUSD was down sharply on 16 May as the cryptocurrency’s creator announced a plan to…
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That time the prime minister squared off against the central banker
Breadcrumb Trail Links News FP Finance FP Economy Pierre Poilievre’s threat about firing Tiff Macklem, should he ever become prime…
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Yellen Looks to Get Global Tax Deal Back on Track During Europe Trip
Poland’s stance was sharply criticized by European officials, particularly France, whose finance minister, Bruno Le Maire, suggested that Warsaw was…
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El-Erian: Beware a global economy with little fires everywhere
Mohamed A. El-Erian, president of Queens’ College at the University of Cambridge, is a professor at the Wharton School of…
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Trading Places: Magic Circle’s record promotions, banks poach for ESG and private markets
The City’s banks and professional services firms had another busy week on the hiring front, trying to cash in on…
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Carlo Dade: ‘Shovel ready’ approach is why Canada’s infrastructure rankings are dropping
Breadcrumb Trail Links News FP Economy A ‘shovel worthy’ approach is the solution Publishing date: May 11, 2022 • 16 minutes…
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Bitcoin plunges as Terra’s meltdown drags cryptos lower
Bitcoin and other cryptocurrencies remained under pressure, with the focus on the meltdown of stablecoin TerraUSD, which is designed to be pegged to…
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BlackRock downgrades outlook for Chinese assets citing ‘Beijing’s ties to Russia’
BlackRock has downgraded its outlook for Chinese stocks and bonds on the back of weakening growth expectations and geopolitical risks…
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Child-care benefits could help ease the worker crunch, an advocacy campaign says.
Almost half of mothers with young children who left the work force cited child care as a reason for the…
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Goldman Sachs boss David Solomon: Return to the office could take years
Getting staff back to the office could take years, Goldman Sachs CEO David Solomon said, as in-person attendance at the bank’s US premises remains between…
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Private-debt risks are hiding in plain sight
Carmen M Reinhart is chief economist of the World Bank Group; Leora Klapper is lead economist of the finance and…
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Fear and Loathing Return to Tech Start-Ups
Start-up workers came into 2022 expecting another year of cash-gushing initial public offerings. Then the stock market tanked, Russia invaded…
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‘Cowboy’ competition watchdog steps in front of Rogers-Shaw merger
Breadcrumb Trail Links Telecom News FP Economy Even if Matthew Boswell loses his fight to block the deal, it could…
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Tech stock rout sees Tiger Global lose $17bn
The hedge fund Tiger Global has lost roughly two-thirds of the cumulative gains it has made for investors since its…
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Markets are suffering big losses — here’s why the recovery could take a while
Mark Hulbert is a regular contributor to MarketWatch. His Hulbert Ratings tracks investment newsletters that pay a flat fee to…
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TerraUSD falls below its fixed value, triggering crypto selloff
One type of cryptocurrency, a so-called stablecoin, is meant to keep its value at $1. But on 9 May, the…
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How Ukraine is winning the soft power struggle
Joseph S Nye Jr is a professor at Harvard University and author of Do Morals Matter? Presidents and Foreign Policy…
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FCA staff committee co-chair steps down over pay changes
A co-chair of the staff body that represents employees at the City regulator has resigned after the Financial Conduct Authority did…
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Fed’s Neel Kashkari confident inflation can come down, but not without some pain
Neel Kashkari Anjali Sundaram | CNBC Minneapolis Federal Reserve President Neel Kashkari said Monday he’s confident inflation will come back…
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‘That’s bull****’: David Dodge fires back at Poilievre’s criticism of the Bank of Canada
Breadcrumb Trail Links News FP Economy Former governor takes offence at Conservative leadership contender calling the central bank ‘financially illiterate’…
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Why inflation emerged during the pandemic
Koichi Hamada, professor emeritus at Yale University, was a special adviser to former Japanese Prime Minister Shinzō Abe Until a…
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Boris Johnson’s Conservative Party nurses wounds after losing key seats in London
The Conservative Party is nursing its wounds after losing some key Tory strongholds. Battered by scandals including ‘Partygate’ and amid…
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UK bans Russia work for consultants, accountants
The UK is banning the export of services such as accountancy, public relations and management consultancy to Russia, UK foreign…
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Here’s why Elizabeth Warren is concerned over Fidelity’s bitcoin pension plan
Senator Elizabeth Warren voiced concerns about Fidelity Investments’ plan to include bitcoin in customers’ 401(k) accounts, calling it “a risky…
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UniCredit reports fall in Q1 earnings from poor performance of Russia business
UniCredit reported a drop in first-quarter earnings on 5 May, dragged by rising provisions related to its Russian business, and…
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Kenneth Rogoff: The odds of a global recession are rising by the day
Kenneth Rogoff, professor of economics and public policy at Harvard University and recipient of the 2011 Deutsche Bank Prize in…
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UK advertising watchdog mulls calling out HSBC for greenwashing
The UK advertising watchdog is considering whether to warn HSBC that several of the bank’s climate-related adverts are “misleading”. A draft Advertising…
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The Fed isn’t going to save bitcoin’s bear market
A bear market has settled in for tech stocks as the Fed turns hawkish. It doesn’t bode well for bitcoin and…
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Closing regional economic divides can support democracies on both sides of the Atlantic
This February, the European Commission released its Eighth Report on Economic, Social and Territorial Cohesion, detailing the impact and future…
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Financial system can ‘absorb’ shock of higher interest rates, Canada’s banking regulator says
Breadcrumb Trail Links News FP Finance FP Economy Banking Kevin Carmichael: Months ahead will test our bullet-proof banks reputation when…
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Surging prices force consumers to ask: Can I live without it?
A pedestrian carries shopping bags in the Herald Square area of New York, U.S., on Wednesday, April 13, 2022. Calla…
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Goldman Sachs partner Clare Scherrer takes CFO role at FTSE 100 firm Smiths Group
A top Goldman Sachs dealmaker who left the bank in March has re-emerged as chief financial officer of FTSE 100…
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Carlyle grows assets but misses earnings forecast
Carlyle’s assets under management rose to $325bn by the end of March, but the firm reported weaker-than-expected results for the…
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