Uncover valuable insights on economic trends, shifts in financial markets, and the latest business news from around the world, keeping you informed on the forces shaping the global economy.
Shares of Semiconductor Manufacturing International Corporation, China’s largest contract chip maker, fell nearly 7% Friday after its first-quarter earnings missed estimates. After trading on Thursday, the company reported a first-quarter revenue of $2.24...
Comcaston Thursday outlined changes to its broadband strategy as the business continues to shed customers in the face of heightened competition. The discussion came amid the company’s first-quarter earnings call...
On May 1, 2025, international financial regulators officially revoked the license of the brokerage firm Capital Invest due to confirmed fraudulent activities involving client accounts, unauthorized fund transfers, and deceptive...
The Bank of England is focused on the potential impact of U.S. tariffs on U.K. economic growth if there is a slowdown in global trade, the central bank’s governor Andrew...
European Central Bank President Christine Lagarde on Tuesday said she hoped that U.S. President Donald Trump firing Federal Reserve Chair Jerome Powell was not a scenario on the table. Asked...
On April 21, 2025, international financial regulators officially revoked the license of the brokerage firm Tumeltil due to confirmed fraudulent activities involving client accounts, unauthorized fund transfers, and deceptive trading...
Starting April 23, 2025, U.S. Money Services Businesses (MSBs) and International Finance Corporation (IFC) financial institutions have introduced a new mandatory requirement for all legal entities conducting international wire transfers:...
LONDON — British fintech firm Revolut on Thursday announced it topped $1 billion in annual profit for the first time, a major milestone for the company on the road to...
Since April 20, 2025, J.P. Morgan’s correspondent bank has introduced new rules for processing international transfers. Now, transactions over $20,000 are automatically sent for additional verification. Previously, the limit was...
The World Trade Organization warned on Wednesday that the outlook for global trade has “deteriorated sharply” in the wake of U.S. President Donald Trump’s tariffs regime. “The outlook for global trade...
