Hungary plans to decide "very
quickly" on a proposed three-bank merger to create the country's
second biggest lender, a government minister said, signalling
strong political will to push ahead with the project before
elections in spring 2022.
Switzerland exported 126.6
tonnes of gold worth around $7 billion to the United States in
May - the biggest monthly shipment on record - as high prices in
New York continued to pull in metal, customs data showed on
Swiss shipments to China and...
A study of coronovirus patients in
Atlanta has found that black patients are more likely to be
hospitalized than white patients, highlighting racial
disparities in the U.S. healthcare system, researchers from the
Centers for Disease Control and Prevention (CDC) said on
The rising significance of
non-banks has increased the speed and scope of stress
transmission through the global financial system at a time when
the importance of the U.S. dollar has grown, the Bank for
International Settlements said.
British oil major BP Plc has
raised $11.9 billion in debt through an issue of hybrid bonds in
multiple currencies, a spokeswoman told Reuters in an emailed
statement, as the company seeks to take advantage of low
interest rates to fortify its balance sheet.
China on Thursday approved
JPMorgan's application to operate the first fully
foreign-owned futures business, as the world's second-largest
economy pushes ahead with opening its multi-trillion-dollar
Indonesia's central bank on
Thursday cut its benchmark rate for the third time this year and
signalled it may ease further, as Southeast Asia's largest
economy struggles to avoid a recession amid the broadening
fallout of the coronavirus pandemic.