The Japanese yen experienced a significant surge against the US dollar on Thursday, driven by growing expectations that the Bank of Japan (BOJ) might soon raise interest rates. The yen …
Finance
Nvidia has embarked on a significant initiative to bolster artificial intelligence infrastructure, securing partnerships with six prominent financial institutions to raise over $500 billion. This move comes in response to …
HSBC is set to exit the Australian retail banking sector, following an agreement to sell its local mortgage and personal loan portfolio to Blackstone. This decision marks the conclusion of …
In a significant move within the banking sector, shareholders of Permanent TSB (PTSB) in Ireland have given a strong endorsement to a €1.6 billion acquisition by Austria’s Bawag Group. The …
Starting this October, the Bank of England will cease accepting bonds linked to thermal coal companies as collateral in its lending operations. This decision represents a major move in the …
Revolut hits 68 million customers and £4.5bn in revenue, but warns over energy-heavy crypto and ai ties
Revolut’s financial results for 2025 paint a picture of extraordinary growth, with revenues climbing 46% to £4.5 billion and pre-tax profits jumping 57% to £1.7 billion, yet the company has …
Governor Andrew Bailey delivered a notable pushback against market speculation on Thursday, even as the Bank of England kept its interest rate at 3.75% and acknowledged that inflation risks had …
Motorists in Japan are facing the highest gasoline prices in the country’s history, with the national average hitting 190.8 yen per liter. This record-setting figure, announced by the Oil Information …
The Bank of Canada finds itself at a crossroads this week as it prepares its latest interest rate announcement. While the consensus among economists is for a hold at 2.25 …
Fear of identity theft has spiked among UK bank customers following an IT error that displayed private user data to the wrong people. The breach, affecting Lloyds, Halifax, and Bank …