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EUROPE

Nordstrom reports fall in fiscal second quarter sales and profits

Digital Desk -
Nordstrom has reported its sales and profits fell in its fiscal second quarter, joining its department store peers coping with shoppers’ cautious spending. But its...
EUROPE

Italian banks’ shares plunge after ministers back tax on profits

Digital Desk -
Shares in Italian banks have plunged after the Cabinet approved a proposal to apply a temporary tax on some profits this year to help...
BUSINESS

BlackRock files for Bitcoin ETF Application

Digital Desk -
BlackRock, the world's largest asset manager is close to filing an application for a Bitcoin ETF (exchange traded fund), according to sources close to...
ECONOMY

‘Agreement in principle’ reached in US debt crisis talks

Digital Desk -
The White House has reached an “agreement in principle” with the Republicans on a deal to limit federal spending and resolve a looming debt...
FINANCE

First Republic tumbles at opening bell in US after depositors flee

Digital Desk -
First Republic Bank’s stock has plunged at the opening bell in the US after it said depositors withdrew more than 100 billion dollars (about...
BUSINESS

Credit Suisse investors sue after facing billions in losses

Digital Desk -
A group of Credit Suisse investors has sued Swiss financial regulators after a government-engineered takeover of the struggling bank by rival UBS left it...
ECONOMY

Bank of Japan loosens bond yield cap in surprise move

Digital Desk -
The Bank of Japan has broadened caps for government bond yields, a surprise move that pushed bond yields higher globally and hit stocks in...
BUSINESS

Wells Fargo to pay $3.7bn over consumer loan violations

Digital Desk -
Consumer banking giant Wells Fargo has been ordered to pay $3.7 billion in fines and refunds to customers by US government regulators, the largest...
FINANCE

Markets close weaker as investors price in more rate hikes

Digital Desk -
Inflation is close to it's peak, as CPI data suggests going from 10.4% to 10% over November, but rate hikes are still on the...
BUSINESS

Credit Suisse to pay £207.5m to settle French tax fraud case

Digital Desk -
Credit Suisse has agreed to pay 238 million euros (£207.5 million) to settle tax fraud allegations, French prosecutors have said, in the latest blow...
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