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Swiss banking giant UBS on Wednesday smashed net profit expectations for the second quarter, amid cost-cutting steps and swelling revenue at the lender's global wealth management and investment bank units.
Many casual readers of the financial press will have learned a new term in the past few days: the “carry trade”. This is the culprit for the rollercoaster state of markets, many market commentators and journalists have opined.
As the aviation industry looks to lower its carbon emissions, the race is on to find an alternative way of fueling air travel, and hydrogen is looking to be a frontrunner.
One of Asia’s richest men said the next generation is ready to take over his sprawling company – but it won’t happen for at least eight years.
The recent rapid strengthening of the Japanese yen can be seen as an overdue and healthy correction — and it's not time to panic about the wider market impact, the former head of the European Central Bank said Tuesday.
A rapid unloading of "carry trades" extended on Monday, with market participants seeking to roll back on the popular strategy amid a dramatic global sell-off in risk assets.
(Reuters) -- Wall Street's main indexes slumped on Monday as risk appetite among investors dropped on fears of a U.S. recession following weak economic data last week, sending tremors across global markets.
Investors on Monday turned to safe-haven assets as a global stock sell-off deepened, following weaker-than-expected U.S. jobs data at the end of last week.