Numis Corp. reported a 55% drop in pretax profit for the six months to March, in what’s likely to be the boutique investment bank’s final interim set of results as an independent firm before it is absorbed by Deutsche Bank AG.
Gold headed for its biggest weekly advance since the middle of March as renewed worries about the US banking sector fueled bets that the Federal Reserve may have to cut rates sooner than anticipated.
A top Greater China fund is joining Warren Buffett in voicing concerns over Taiwan Semiconductor Manufacturing Co.
Philippines President Ferdinand Marcos Jr. said the US can’t use military bases in his country for “offensive action” against China in the event of a future war over Taiwan, as the Southeast Asian nation continues to balance strengthening American defense ties with increasing pressure from Beijing.
Oil headed for a third straight weekly decline, the longest losing run this year, as slowdown concerns and turmoil in the US banking sector prompted investors to flee from risk.
Air France-KLM is preparing for a busy holiday season amid strong summer ticket sales and said it’s regained “full strategic autonomy” after repaying pandemic state aid, suggesting it might consider purchases again to bolster its position.
SF Holding Co., China’s largest express delivery company, has started preparations with banks for its Hong Kong second listing, which could raise $2 billion to $3 billion, according to people familiar with the matter.
A strong earthquake of magnitude 6.3 struck Ishikawa Prefecture on Japan’s west coast at 2:42 p.m. local time, the Japan Meteorological Agency said on Friday. There is no threat of a tsunami, it said.
German factory orders fell the most since the pandemic as manufacturing continued to fare worse than other parts of Europe’s largest economy.
A potential dispute over the wipeout of Credit Suisse Group AG’s riskiest bonds in Asia has drawn the attention of several funds experienced in financing lawsuits for retail investors.
