Financial Industry News
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Warsh likely to side with financial markets over Trump as Fed rate hike expected
WASHINGTON (AP) — Barely four months into the job, Federal Reserve Chair Kevin Warsh is stuck between two strong and opposing forces: Financial markets that anticipate the central bank will raise interest rates, and President Donald Trump…
Bajaj Finance slips Wednesday, underperforms market
Bajaj Finance Ltd. 500034 shares inched down 0.12% to 1,008.50 Indian rupees Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the BSE SENSEX Index 1 rising 0.45% to 74,336.45. Bajaj Finance Ltd.
Financial Services Roundup: Market Talk
The latest Market Talks covering Financial Services. Exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 0703 GMT – The Bank of Japan 's monetary policy is shifting from a stance of cautious normalization after years of…
HK ranks third globally and first in Asia in the Global Financial Centres Index
Hong Kong ranked third globally and first in Asia with an overall score of 756, in the Global Financial Centres Index (GFCI) published by Z/Yen from the United Kingdom and the China Development Institute from Shenzhen Wednesday. SCROLL TO CONTINUE…
Apollo Gives $585 Million of Financing to The Executive Centre
Apollo Global Management has provided $585 million of financing to flexible workspace provider The Executive Centre, according to a statement, in the global asset manager's largest Asian hybrid deal combining debt and equity. The Executive Centre…
OpenAI's CFO says AI is reducing the need for people to do mundane finance tasks like credit checks
OpenAI CFO Sarah Friar said that AI is reducing the need for some workers, but only repetitive ones. In a Tuesday interview with CNBC's Jim Cramer on 'Mad Money,' Friar addressed AI use for efficiency at OpenAI, using her own finance department as…
Hong Kong unveils first 5-year plan to broaden the city's identity beyond finance
Hong Kong Chief Executive John Lee on Wednesday unveiled the city's first five-year plan in a politically symbolic step that echoes Beijing 's approach to development, pushing to broaden Hong Kong's identity beyond international finance to also…
The Gaping Hole at the Heart of Financial Journalism
Bluesky For years, Leon Black, the billionaire chair and CEO of Apollo Global Management, was pummeled by the press for his ties to Jeffrey Epstein and his extramarital affairs. Detesting reporters, he had long refused to talk to them, but by 2023…
Finance Minister Nominee Promises Recovery for Everyone
Deputy Prime Minister and Finance Minister nominee Lee Hyoung-il says he intends to lead a unified economic team to make sure the recovery can be felt everywhere in society. Speaking at his parliamentary confirmation hearing on Tuesday, Lee said he…
First Five-Year Plan | Advance 'Finance+' to support real economy, set up $10b Innovation and Technology Industry-Oriented Fund
Chief Executive John Lee Ka-chiu outlined six areas to push forward 'Finance+' with aims to serve the real economy in Hong Kong's first Five-Year Plan on Wednesday, including promoting patient capital and venture capital investments in…
Hong Kong finance chief urges Cathay to keep fares attractive, add routes
Hong Kong's finance chief has called on Cathay Pacific Airways to offer attractive fares and expand its route network, as China's national development plan reinforces the city's status as a global aviation hub. Speaking at Cathay's 80th anniversary…
Indonesian Power Politics, Not Markets, Forced Out Finance Chief
The end came quick for Indonesia's finance minister. Purbaya Yudhi Sadewa was interrupted by a phone call from a top presidential aide while speaking in parliament in Jakarta on Monday. Within about two hours, his replacement had been announced.
Indonesia's new finance minister faces an uphill battle on fiscal credibility
The reshuffle comes weeks after Bank Indonesia Governor Perry Warjiyo abruptly resigned, intensifying scrutiny over how much control Prabowo now wields over fiscal and monetary policy. For investors, elevating a known technocrat could restore…
Why is European money financing the American AI boom?
European savings are increasingly exposed to—and helping finance—the expansion of artificial intelligence in the United States. Eurozone households hold around €440 billion in US technology companies, including Nvidia and…
Proskauer invests in fund finance practice with new hire
The new partner has joined the firm's New York office. International law firm Proskauer has welcomed partner Stewart Ross to its New York corporate and fund finance practice. Prior to joining the firm, Ross was a partner in the debt finance…
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