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As stock prices peak, markets begin to fear looming threats

NEW YORK (AP) — With the U.S. economy humming, corporate profits flowing and stock prices peaking, investors on Wall Street are beginning to pose an anxious question: Is it all downhill from here? ...

HSBC takes $2.3 bln hit with sale of French retail bank

HSBC has agreed to sell its French retail bank to Cerberus-backed My Money Group in a deal that will mean a loss of around $2.3 billion for the British bank but end its long struggle to dispose of the...

Asia shares cautious ahead of U.S. inflation test, Bitcoin slides

Asian shares got off to a cautious start on Monday (May 24) as investors anxiously awaited a key read on U.S. inflation this week for guidance on monetary policy, while Bitcoin took a hammering after ...

Asian shares spooked by US inflation alarm, yield jump

Asian shares faced a third day of losses on Thursday (May 13) after a shocking rise in U.S. inflation bludgeoned Wall Street and sent bond yields surging on worries the Federal Reserve might have to m...

Malaysia sues Deutsche Bank, JP Morgan, Coutts over 1MDB

Malaysia 1MDB fund is suing units of Deutsche Bank and J.P. Morgan, and Coutts & Co Ltd to recover billions in alleged losses from a corruption scandal at the fund, court documents seen by Reuters...

Vegas hitting jackpot as pandemic-weary visitors crowd back

LAS VEGAS (AP) — To Mike Anger in Midland, Michigan, a $100 round-trip airline flight and $260 for five nights at a Las Vegas hotel made it too easy to say yes. “How could I turn tha...

Restructuring Deutsche Bank shows best quarter in 7 years

FRANKFURT, Germany (AP) — Deutsche Bank saw its strongest quarterly profits in seven years as the bank's long-running restructuring showed in lower costs and as it suffered fewer loan losses due to an...

A year after stocks soared, CEOs must show it was warranted

NEW YORK (AP) — It's time to show the receipts, CEOs. For more than a year, investors have been pushing up stock prices, even though the pandemic caused profits to crater for compani...

Claimed value of sleepy NY estate could come to haunt Trump

NEW YORK (AP) — It’s sleepy by Donald Trump’s standards, but the former president's century-old estate in New York's Westchester County could end up being one of his bigger legal nightmares. ...

Coronavirus: German businesses offer help with vaccine drive — report

Businesses in Germany have offered to help the federal government with its vaccination campaign, German newspaper Die Welt reported on Friday. Several large companies and associations are proposing t...

What NY prosecutors could learn from Trump's tax records

NEW YORK (AP) — Manhattan District Attorney Cyrus R. Vance Jr. fought for a year and a half to get access to former President Donald Trump’s tax records. Now, thanks to a U.S. Suprem...

Riot lawsuit just part of Trump's post-impeachment problems

NEW YORK (AP) — Acquitted by the Senate of inciting the U.S. Capitol insurrection last month, former President Donald Trump faces more fallout from the unrest, including a lawsuit from a congressman T...

Taiwan dollar gains 5.69% against US dollar in Year of Rat

The Taiwan dollar appreciated 5.69 percent against the U.S. dollar to close at NT$28.390 on Tuesday (Feb. 9), the last trading session before the upcoming Lunar New Year holiday. Compared with the ...

Four foreign banks punished by Taiwan's central bank over speculation case

TAIPEI (Taiwan News) — Four foreign banks have been punished by Taiwan’s central bank for their involvement in currency speculation against the New Taiwan dollar, with Deutsche Bank banned...

Deutsche Bank makes profit on cost cuts, trading income

FRANKFURT, Germany (AP) — Deutsche Bank made a profit of 624 million euros ($748 million) during the pandemic year 2020 as bond trading revenues grew and the German bank met its target for cutting cos...