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Investors anxious to determine when the dollar should hit its peak may have to wait a few more quarters, Goldman Sachs said in a research note on Friday. Based on historical cycles, Goldman said, peaks in the dollar are typically Read more
An Italian administrative court on Friday rejected an appeal by Alphabet’s Google (GOOGL.O) against a decision by Italy’s antitrust authority to fine the group, but accepted iPhone maker Apple’s (AAPL.O) appeal against the watchdog’s ruling. Last year, Italy’s antitrust regulator Read more
Financial technology companies, long seen as a threat by the likes of JPMorgan Chase & Co (JPM.N), are increasingly becoming acquisition targets for traditional U.S. banks as rising interest rates and falling valuations crimp their expansion. The valuations of listed Read more
European countries are facing strikes and protests due to high energy prices and mounting costs of living. Here are details of some recent and current industrial actions and demonstrations. BRITAIN Some 280,000 of the supermarket chain’s workers will be able Read more
Canada is facing pressure to reverse its decision to end issuing real return bonds, a product pension plans rely on to ensure that inflation, currently at its most volatile in decades, does not erode the assets they set aside to Read more
The European Central Bank must continue to raise interest rates decisively and should start letting its oversized holding of government debt expire from the start of 2023, Bundesbank President Joachim Nagel said on Friday. The ECB has already raised rates Read more