Novo Banco SA, a Portuguese bank majority-owned by US private equity firm Lone Star, has initiated steps for its long-awaited initial public offering (IPO). The bank has selected Bank of America Corp.,
The Bangko Sentral ng Pilipinas (BSP) surprised markets by keeping its interest rates unchanged after three consecutive rate cuts, citing heightened uncertainty surrounding US trade policies. The Monetary Board of the BSP
Chile’s central bank adopted a more hawkish stance in its latest meeting, emphasising its commitment to controlling inflation and ensuring it reaches the target. In the minutes of its January 28 meeting,
CVS Health surpassed Wall Street’s profit expectations despite challenges from rising costs in its insurance division. The company reported earnings of $1.64 billion, or $1.30 per share, for the quarter ending December
Cybereason Inc.’s CEO, Eric Gan, has filed a lawsuit against two major investors—former Treasury Secretary Steven Mnuchin and the SoftBank Vision Fund (SVF)—alleging that their rejection of critical financing proposals is pushing
U.S. President Donald Trump’s 25% tariffs on steel and aluminium pushed gold prices to record highs amid concerns over escalating trade conflicts and inflationary pressures. While some countries held out hope for
Hungary’s MET Gas and Energy Marketing will step in to supply gas to Moldova’s breakaway pro-Russian region of Transnistria, after the enclave rejected further European Union (EU) assistance. This decision comes after
Toronto-Dominion Bank (TD) is set to raise approximately $14 billion through the sale of its entire stake in Charles Schwab Corp., as part of a strategic corporate overhaul following a historic U.S.
Europe’s financial sector must start preparing for the potential risks posed by quantum computers, which could break current encryption methods that protect sensitive data, a Europol-led body warned on Friday. The group,
The Governor of India’s central bank, Sanjay Malhotra, issued a strong warning on Friday regarding the rising instances of fraud in digital payments, urging financial institutions to take proactive steps against cyber
