breaking financial news
- Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
Elon Musk says $44bn Twitter deal is on hold
Elon Musk said his deal to buy social media platform Twitter is on hold because of pending calculations over spam and…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
Robinhood stake acquired by FTX founder Sam Bankman-Fried
One of the biggest names in cryptocurrencies is betting on individual investors. Sam Bankman-Fried, the 30-year-old billionaire who founded the cryptocurrency exchange…
Read More » - Finance
Law firm Ince launches internal inquiry after accusations of ‘inappropriate’ behaviour in Cardiff restaurant
Law firm Ince has launched an investigation after a group of diners — which included its chief executive Adrian Biles —…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
Coinbase says it is bleeding users as Nasdaq and bitcoin continue to fall
The biggest cryptocurrency exchange in the US said it was bleeding users, reflecting continued destruction in the crypto market and…
Read More » - Finance
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…
Read More » - Finance
‘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…
Read More » - Finance
Weaponising financial services poses new threat to City exports
The unprecedented financial sanctions imposed on Russia after its invasion of Ukraine have not had quite the devastating impact on the…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
‘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’…
Read More » - Finance
UBS hires dealmaking duo for new London ESG team
UBS has hired a pair of dealmakers for its team of bankers working on ESG-related transactions, as firms scramble for…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
Pirc tells Barclays shareholders to vote against pay report
Barclays investors have been urged by a major adviser to oppose the bank’s remuneration policy, raising the prospect of a shareholder…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
Binance pledges $500m as Elon Musk gets $7bn in fresh funding for Twitter takeover
The world’s largest cryptocurrency exchange, Binance, has committed $500m in financing to help Elon Musk buy Twitter. The firm is…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
I thought drinking would make me a better broker — I was wrong
It has been two years since the pandemic consumed everyone’s lives in the UK. No one could have predicted the…
Read More » - Finance
Twitter investor slams Elon Musk’s $44bn offer: ‘This is someone who wants to buy himself a toy’
Twitter shareholders are unconvinced that Elon Musk’s $44bn takeover bid is the best possible deal, with some claiming the price offered…
Read More » - Finance
Elon Musk says he plans to take Twitter public
Elon Musk, who has agreed to take Twitter private in a $44bn deal, has told potential investors he could return…
Read More » - Finance
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…
Read More » - Finance
EY hit with £2bn lawsuit over NMC Health audits
Big Four auditor EY has been hit with a lawsuit by the administrators of collapsed FTSE-100 healthcare business NMC Health.…
Read More » - Finance
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…
Read More » - Finance
HSBC’s top shareholder Ping An urges bank break up
HONG KONG — China’s Ping An Insurance has quietly taken up the role of shareholder activist, putting pressure on HSBC…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
Why did Elon Musk mock Twitter’s top legal boss with a meme?
Elon Musk, whose takeover bid for Twitter was accepted two days ago, continued to use the site to criticize executives…
Read More » - Finance
LME nickel debacle a sign commodities are next market stability risk, watchdog warns
In 2008, it was sub-prime mortgages. In March of 2020 it was money-market funds. And now, regulators fear, a crisis is…
Read More »
