International Finance News and Updates – International Business Times, Singapore

Goldman feels the heat in Asia as IPO engine slows

Investment Banking Giant Goldman Sachs to Cut Hundreds of Jobs as Profits, Revenue Dip

Earlier in July, Goldman Sachs had said that it was expecting lower profits and hinted at moderating its employee strength.

Sep 13, 2022

By Jacob J

Euro Slides to 20-Year Low, European Stocks Fall as Russia Keeps Nord Stream Shut

Europe says Russia is weaponizing gas supplies but Moscow says it will not restore full supplies until sanctions against Russia are lifted.

Sep 6, 2022

By Jacob J

Credit Suisse to Cut 5,000 Jobs as Banking Giant Looks to Save $1 Billion in Costs - Report

The jobs lost will comprise about 10 percent of the bank's entire workforce.

Sep 2, 2022

By Jacob J

Who is Calvin Choi? AMTD Being Probed in Hong Kong After Mysterious Share Boom Made Unknown Banker Asia's Sixth Richest Person

Calvin Choi is now the sole owner of a vehicle that controls 32.5 percent of AMTD Group.

Aug 18, 2022

By Jacob J

Citigroup Shares Surge More Than 10% as Second Quarter Profit Beats Expectations

The group's total revenue increased 11 percent to hit $19.6 billion, which was above the average analyst estimate of $18.4 billion.

Jul 15, 2022

By Jacob J

JPMorgan Reports 28% Drop in 2nd Quarter Profit, Shares Fall 4%

The US banking behemoth reported a profit of $8.6 billion in the second quarter, lower than analyst estimates.

Jul 14, 2022

By Jacob J

Singapore's Temasek Says Net Portfolio Value Hits Record S$400 Billion Amid Investment Slowdown

According to Temasek, while the investment totalled S$61 billion in the last financial year, and divestments stood at $37 billion.

Jul 12, 2022

By Jacob J

Turkey attempted military coup: 21 Singaporeans and 127 Malaysians stranded in Turkish airport

Turkey Inflation Soars, Lira Remains Worst Performer as Erdogan's Islamic Handling of Interest Rates Fails

The Turkish central bank has had negligible freedoms in setting the monetary policy in recent years as Erdogan believes interest rates are the 'mother of all evil'.

Jul 4, 2022

By Jacob J

Russia Has the Funds and the Debt Default is Symbolic: FIVE Points

Russia's foreign bond liabilities amount to $40 billion, but the default in question relates to $100 million in interest on two bonds.

Jun 27, 2022

By Jacob J

Federal Reserve Will Raise Interest Rates by 75 Basis Points in July, Despite Recession Concerns - Poll

A strong majority expect the central bank to hike its policy rate by another 50 basis points in September as well.

Jun 22, 2022

By Reuters

Citigroup to Hire 3,000 Staff in Asia to Expand Institutional Banking Business

The massive Asia hiring comes as a surprise, as the banking behemoth had quit the consumer banking scene in most of Asia.

Jun 7, 2022

By Jacob J

Russia Works on New Bond Payment Mechanism to Avert Default - Report

The proposed bond-payment mechanism is a mirror image of the system in place for facilitating the natural gas exports, Russian finance ministry says.

May 30, 2022

By Jacob J

All Eyes on Moscow as US Pushes Russia Closer to First Ever Debt Default in More Than 100 Years

Russia has not defaulted on foreign bond payment since 1917.

May 26, 2022

By Jacob J

Biden to Pick Michael Barr as Federal Reserve Vice Chair; President Hopes He Will Get Through First Vote Quickly

The Biden administration to nominate Michael Barr, a former US Treasury Department official, as the Federal Reserve's Vice Chair.

Apr 15, 2022

By Medha Bhagwat

Can Russia Launch Legal Action West After Sovereign Debt Default?

Russia was forced to make an international bond repayment in roubles instead of dollars last week, the first time ever the country defaulted on debt in more than a century.

Apr 11, 2022

By Jacob J

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India@75: Article-370 in J&K is History; Three Glorious Years Later, "Nothing" Has Changed

By Danish Manzoor

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International Finance News and Updates – International Business Times, Singapore

Investment Banking Giant Goldman Sachs to Cut Hundreds of Jobs as Profits, Revenue Dip

Euro Slides to 20-Year Low, European Stocks Fall as Russia Keeps Nord Stream Shut

Credit Suisse to Cut 5,000 Jobs as Banking Giant Looks to Save $1 Billion in Costs - Report

Who is Calvin Choi? AMTD Being Probed in Hong Kong After Mysterious Share Boom Made Unknown Banker Asia's Sixth Richest Person

Citigroup Shares Surge More Than 10% as Second Quarter Profit Beats Expectations

JPMorgan Reports 28% Drop in 2nd Quarter Profit, Shares Fall 4%

Singapore's Temasek Says Net Portfolio Value Hits Record S$400 Billion Amid Investment Slowdown

Turkey Inflation Soars, Lira Remains Worst Performer as Erdogan's Islamic Handling of Interest Rates Fails

Russia Has the Funds and the Debt Default is Symbolic: FIVE Points

Federal Reserve Will Raise Interest Rates by 75 Basis Points in July, Despite Recession Concerns - Poll

Citigroup to Hire 3,000 Staff in Asia to Expand Institutional Banking Business

Russia Works on New Bond Payment Mechanism to Avert Default - Report

All Eyes on Moscow as US Pushes Russia Closer to First Ever Debt Default in More Than 100 Years

Biden to Pick Michael Barr as Federal Reserve Vice Chair; President Hopes He Will Get Through First Vote Quickly

Can Russia Launch Legal Action West After Sovereign Debt Default?

India@75: Article-370 in J&K is History; Three Glorious Years Later, "Nothing" Has Changed

India@75: Article-370 in J&K is History; Three Glorious Years Later, "Nothing" Has Changed

Why Musk Isn't Alone in the Battle Against Twitter's Mission to Save Democrats, Not Democracy

Why Musk Isn't Alone in the Battle Against Twitter's Mission to Save Democrats, Not Democracy

World War III Over Ukraine? The Blood Will be on Joe Biden's Hands, Not Putin's

World War III Over Ukraine? The Blood Will be on Joe Biden's Hands, Not Putin's