Markets may be repeating the mistake of 2019, Goldman Sachs warns
admin
Investing.com — Markets may be ignoring an important lesson of 2019, according to Goldman Sachs. The Wall Street bank said in a note that the upcoming January Federal Open Market…
admin
How Italy’s MPS went from near collapse to bid for revered merchant bank
By Valentina Za, Gianluca Semeraro and Mathieu Rosemain MILAN (Reuters) -Monte dei Paschi (MPS) CEO Luigi Lovaglio has pulled several all-nighters since arriving in Siena in early 2022, when Italy’s…
Lumen targets AI-driven expansion in 2026 after 660% stock rebound
Lumen Technologies, once dismissed as a penny stock, is staging one of Wall Street’s most unexpected comebacks, with analysts pointing to its pivot into artificial intelligence (AI) connectivity as the…
European shares fall as oil prices surge amid US-Iran tensions
European shares moved lower on Monday as rising oil prices and continued bond sell-offs heightened inflation concerns, while the absence of any breakthrough between the United States and Iran kept…
TVS Venu Group to acquire 5.64% stake in Jana Small Finance Bank
India’s Jana Small Finance Bank said on Monday that the TVS Venu Group, led by industrialist Venu Srinivasan, will acquire a 5.64% stake in the lender through the issuance of…
Evergrande liquidators seek $8.4 billion from PwC over audits
Liquidators for China Evergrande Group are seeking 57 billion yuan in damages from PricewaterhouseCoopers, accusing the auditing firm of negligence in its audit work related to the failed Chinese property…
Yuan gains momentum as global banks revise forecasts higher
Some global investment banks have revised their forecasts for the Chinese yuan higher, citing the country’s export competitiveness and stable trade relations with the United States. The Chinese currency has…
Can Solana hold $80 as ETF inflows fail to stop the latest selloff?
The cryptocurrency market opened the new weekly candle bearish, with the leading cryptocurrencies picking up from where they left off last week. Bitcoin, the leading cryptocurrency by market cap, is…
Top catalysts for the FTSE 100 Index this week
The FTSE 100 Index has retreated sharply in the past few weeks and underperformed its global peers like the S&P 500, Nasdaq 100, and Kospi. It ended last week at…
Gold price drops as bond yields rise and Goldman Sachs flags key catalyst
Gold price continued its strong downward trend on Monday, reaching its lowest level since March 30th. It was trading at $4,545, down by nearly 20% from its highest point this…