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Futures tied to three major U.S. equity indexes fell, suggesting that American stocks could come under fresh pressure on Monday. → Read More
A withdrawal of foreign capital from China and a weaker yuan recall 2015, when Beijing faced a vicious cycle of outflows and currency depreciation. But the comparisons may be overdone. → Read More
The surging greenback partly reflects the increasing draw of U.S. assets such as Treasurys, whose yields have climbed this year, but also signals wariness among investors about risk. → Read More
Now HSBC’s largest shareholder, Ping An wants the British lender to undertake an overhaul that would result in the market giving the bank more credit for its large Asian business. → Read More
Technology shares climbed as investors cheered earnings from Meta Platforms and awaited results from Apple and Amazon.com. → Read More
The decline came as the banking giant made provisions for souring loans in Russia and China, but it said rising global interest rates would help it hit longer-term targets. → Read More
The bank said it will hire rapidly in its Asian wealth business in 2022, building on last year’s brisk expansion, and remains open to growing in this area through deals. → Read More
The move is the latest in a series by global banks to take greater ownership of investment-banking operations in mainland China. → Read More
Banks have unexpectedly taken control of more than $2 billion held by one of Evergrande’s key subsidiaries, as the embattled property developer said neither it nor its main listed units could meet an imminent deadline to publish their annual results. → Read More
Alibaba boosted its share buyback program to $25 billion from $15 billion, in a bid to reassure investors about the company’s prospects after a year in which its stock has fallen by more than half. → Read More
Chinese stocks crashed in recent days, only to rebound with unprecedented force. To some investors, the recovery was nearly as worrying as the selloff. → Read More
The main indexes fell to their lowest levels in years, and the battered shares in China’s two biggest tech companies tumbled by double-digit percentages. → Read More
Fitch Ratings cut its credit ratings on Russia further into junk territory and warned that Moscow was likely to default on its debts shortly. The ratings company slashed its rating on Russia by six notches to a single-C grade, near the bottom of its scale, less than a week after [downgrading the co → Read More
Russia’s stock market will be largely closed for the fourth day in a row, the country’s central bank said, amid continuing financial turbulence sparked by the invasion of Ukraine. With limited exceptions, neither stock nor derivatives trading will resume Thursday on the Moscow Exchange, the Bank of → Read More
Russia’s credit ratings were downgraded deep into junk territory by Moody’s Investors Service and Fitch Ratings, with the duo highlighting the economic toll inflicted by wide-ranging sanctions and rising doubts about whether Moscow will honor its debts. “The severity of international sanctions in r → Read More
Russia’s financial markets will remain largely closed for a third straight day, as national authorities keep trying to stem the financial fallout from sweeping international sanctions follo → Read More
Benchmark global oil prices surged above $110 a barrel, hitting a multiyear high, as concern mounted that Russia’s growing economic isolation since its invasion of Ukraine would disrupt global energy supplies. → Read More
Some financial professionals have asked employers whether they can relocate, while a few foreigners have decided in recent months to resign and move home. → Read More
The Bank of Russia said it would temporarily ban brokers from handling sales of securities by nonresidents and could decide to halt trading in some markets, as it seeks to contain the turmoil created by Russia’s invasion of Ukraine. The central bank said the ban would start Monday, while trading on → Read More
Brent crude oil, the global benchmark, topped $100 a barrel for the first time since 2014 → Read More