MILAN (Reuters) -Italian insurers Generali and UnipolSai said on Tuesday they would appeal against the competition regulator's decision to fine them 5 million euros ($5.1 million) each for unfair commercial practices.
Planning to squeeze some travel out of the rest of summer? Good luck – you will need it.
Japanese investors purchased heavily in foreign equities in July, as global stocks rebounded last month on the back of positive earnings and hopes of less aggressive monetary tightening measures from the U.S. Federal Reserves.
Private equity firm General Atlantic has hired veteran technology dealmaker Jonathan Durham to expand in corporate buyouts, an area in which it has done little because of its focus on growth equity investments, two people familiar with the matter said.
Retail investors find well-established stocks and bond markets to be more arcane than the wild world of cryptocurrencies, a survey by the World Economic Forum (WEF) showed on Thursday.
WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission (SEC) on Wednesday published a staff bulletin that seeks to clarify how broker dealers and investment advisors must address conflicts of interest when providing advice and recommendations to investors.
The Hungarian forint's slide following Russia's invasion of Ukraine is leading some Hungarians to embrace the euro instead of the local currency, which has lost more than half of its value since Prime Minister Viktor Orban took power in 2010.
Barclays' profit was dented by a 1.9 billion pound ($2.3 billion) hit for regulatory missteps, including having to buy back billions of dollars of securities the bank sold in error, overshadowing an otherwise solid performance.
LONDON (Reuters) -It is too early to call an end to financial market falls driven by the Ukraine war, the chief executive of Schroders said on Thursday, as the British fund manager's shares hit six-week highs on an uptick in assets under management.
China's crisis-hit property sector has driven underperformance this year in some Asia-focused credit funds, including one led by a former Lehman Brothers portfolio manager, pummelling their returns and bringing years of gains to a juddering halt.
Former U.S. President Donald Trump said on Wednesday he refused to answer questions during an appearance before New York state's attorney general in a civil investigation into his family's business practices, citing his constitutional right against self-incrimination. This report produced by Jonah Green.
U.S. President Joe Biden plans to travel across the country to tout a series of recent legislative victories on climate change, gun control and drug pricing as a win for Americans and a defeat for special interests, White House officials said on Thursday.