Dollar rises from two-and-a-half-year lows, risk currencies retreat
The dollar rose from a two-and-a-half-year low on Wednesday as investors assessed the likelihood of further fiscal stimulus in the United States, while a rally in riskier currencies lost...
Euro near three-month high as dollar takes a hit; Bitcoin at new high
The euro was close to a three-month high on Tuesday as the U.S. dollar fell on expectations of more monetary stimulus from the United States and a strengthening recovery...
Credit Suisse commercial property fund to liquidate amid big discount
A Credit Suisse Group global property fund will wind down against the backdrop of low trading volume and a discount of more than 20% to underlying assets due to...
Facebook cryptocurrency Libra to launch as early as January but scaled back: FT
Facebook’s Libra cryptocurrency is readying to launch as early as January, the Financial Times reported on Friday, citing three unidentified people involved in the project.
The...
World shares hold close to record highs; U.S. markets close for Thanksgiving
Global stocks held near record highs on Thursday, while the rally in European stocks paused, as recent vaccine progress, Joe Biden’s U.S. presidential election win and hopes for further...
Column: Risk pricing needs rethink into 2021 – Mike Dolan
Risk gauges in financial markets may be askew as they struggle to price a potentially messy end to a truly shocking 2020 while simultaneously assuming clear blue sky on...
Credit Suisse flags $450 million impairment on York Capital Management stake
Credit Suisse expects to take a roughly $450 million impairment on its stake in alternative investment firm York Capital Management, the Swiss bank said.
The Wall...
UK economy shrinks as new lockdown shuts services firms: PMI
British business activity has contracted in November as a new wave of coronavirus restrictions hammered the huge services industry, but news of possible vaccines have boosted hopes for 2021,...
Sterling edges higher on renewed Brexit deal hopes
Sterling edged higher against the euro and the dollar after an European Union official said the bloc and Britain are very close to agreement on most issues even if...
European stocks slide after virus fears knock Wall Street
European stocks opened lower on Thursday following sharp losses on Wall Street as investors feared another round of shutdowns due to soaring coronavirus cases in the United States and...
