After releasing reserves that it had set aside during the height of the pandemic last year, Bank of America has experienced a 173% surge in second-quarter profit. In contrast with this good news, Bank of America has also incurred a spike in expenses as well as flagging revenues.
In terms...
South African gold mining company AngloGold Ashanti announced earlier this week that it has agreed to purchase all outstanding shares in Canadian bullion miner Corvus Gold in an effort to expand its overseas reach. The all-cash deal will be conducted at a 55% premium to the market price of...
Goldman Sachs Group's asset management arm said on Tuesday that they, together with a company co-founded by private equity firm Warburg Pincus, jointly acquired logistics assets in China to the value of $488 million. The assets, which are mostly part of real estate projects, are located in gateway cities...
With its official London Stock Exchange trading debut to commence on Wednesday, fintech company Wise is expected to receive a market capitalization of 7 billion pounds ($9.66 billion). This comes after it was indicated that the company's Class A shares would open at 750 pence (approximately $10) each at...
Visa Inc revealed on Thursday that it has agreed to purchase the European open banking platform Tink for 1.8 billion euros. The decision to acquire the Swedish fintech startup comes just months after Visa scrapped its plans to purchase Tink's U.S. rival Plaid.
Visa's $5.3 billion deal Plaid had to be...
The dollar headed for its strongest rise in 15 months on Thursday, while world equities plummeted in one of the most significant declines in weeks. Such dramatic movements come as a result of the U.S. Federal Reserve's statement on Wednesday, in which it suggested that interest rates may be...
With U.K. inflation rising above the Bank of England's (BoE) benchmark to 2.1%, European stocks at large opened higher on Wednesday morning. Despite data showing that the national cost of living had reached its highest levels in May since 2019, the FTSE 100 still opened up 0.6%.
While analysts expected...
With the release of strong economic data from the U.S. and Europe keeping investors' confidence afloat, European shares have been inching ever closer to record numbers. The pan-European STOXX 600 index rose 0.1%, hovering just below its all-time record high. Energy and consumer stocks emerged as the biggest winners...
An inside source from the Goldman Sachs Group revealed the investment banking titan's intent to double its annual property investments in Japan to approximately 250 billion yen ($2.3 billion). This strategy is believed to be aimed at meeting the surging demand for data centers and logistics hubs in the...
Japanese shares rose significantly on Friday morning following the advancements in the country's vaccination rollout which is paving the way to a smooth economic recovery. As a result, investors moved to scoop up stocks that had previously been sold off due to the wavering economic uncertainty in the previous...