Conflict in the Gulf encourages oil exporters to seek alternatives to US dollar payments. That may benefit China, which pays for just 30% of its trade in yuan. Yet unless the People's Republic ...
Alibaba, $40 bln MiniMax and others flooded the market with cheap access to models that power agents and apps, turning artificial intelligence into a commodity. But without new US chips, ...
Former CEO James Gorman single-mindedly focused the Wall Street titan on wealth management. Successor Ted Pick has reinvigorated M&A advisory and trading. A 27% return on tangible equity now ...
After selling the remains of its sneaker empire for just $39 mln, the company is turning itself into a cloud computing ...
Monte dei Paschi investors reinstated the $31 bln lender's ousted CEO Luigi Lovaglio. One interpretation is that they want ...
Boss Scott Kirby has floated the eyebrow-raising idea of a tie-up with $8 bln rival American. Some $3 bln of annual revenue uplift, after shedding ugly route overlaps, must be tempting. Shrinking ...
The $200 bln French luxury group's shares fell 10% on weaker first-quarter sales. Hermès' premium valuation requires much ...
Boss Sergio Ermotti may want to chair the bank after leaving the C-suite in late 2027, Reuters reported. That move would undermine the next CEO's authority. Yet if Switzerland boosts UBS's equity ...
Iran's grip on the oil bottleneck has seen at least one ship pay $2 mln to pass. Even if it charged a lower rate of $1 ...
The central bank’s crackdown on a $40 bln arbitrage trade slowed the rupee’s depreciation but the Iran war ensures downward ...
Results due Thursday will confirm the $1.7 trln group's dominance of cutting-edge AI processors. But Japan’s $16 bln bet on homegrown Rapidus and Elon Musk’s Intel tie-up show unease with the ...
JPMorgan, Wells Fargo and others grew quarterly profit by 20%, on average, despite shaky geopolitics and ample balance ...
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