Wells Fargo profit beats Wall Street estimates as credit costs fall
Wells Fargo & Co reported a quarterly profit on Friday that beat Wall Street estimates, as stabilizing credit costs helped offset the hit from low-interest rates meant to prop...
BlackRock profit beats expectations as assets reach record high
BlackRock Inc, the world’s largest asset manager, on Thursday reported a better-than-expected quarterly profit, as increased activity in financial markets resulted in higher fees and pushed its assets under...
Dollar lifted as Treasury yields stabilise from drop
Stabilising U.S. Treasury yields helped the dollar trade back in positive territory on Wednesday, though investors remained bearish on the currency’s near-term prospects.
Benchmark 10-year Treasury...
‘Darkest hour’: BoE’s Bailey sees UK economy in difficult times
Bank of England Governor Andrew Bailey said on Tuesday that Britain’s economy was facing its “darkest hour”, and played down suggestions that cutting interest rates below zero would be...
World stocks near record peak, dollar stumbles again
World stocks edged closer to recent record highs and Asian shares hit a record peak on Wednesday, as investors bet on a strong economic recovery next year, with the...
European stocks extend gains as Brexit deal boosts UK
European stocks extended their year-end rally on Tuesday as a Brexit trade deal, hopes of an expanded U.S. stimulus package and euro zone’s marathon COVID-19 vaccination campaign brightened prospects...
S&P, Nasdaq futures at record levels as Trump signs stimulus aid bill
Futures tracking the S&P 500 and the Nasdaq were at record levels on Monday as President Donald Trump’s move to sign into law a long-awaited $2.3 trillion pandemic aid...
‘Sick man of Europe’: UK cut off over fears about new COVID strain
The United Kingdom was on Monday shut off from much of Europe after its closest allies cut transport ties due to fears about a new strain of the coronavirus,...
UK says chances of Brexit trade deal below 50%, despite EU optimism
Senior British minister Michael Gove said on Thursday that any deal on post-Brexit trade with the European Union would need parliamentary approval before Dec. 31, and put the chances...
EU chief says UK trade pact closer but success not certain
Britain and the European Union moved closer to sealing a new trade deal but it was still not clear if they would succeed, the bloc’s chief executive said on...
