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Pimco and BlackRock accused of subprime ‘profit gouging’

Pimco and BlackRock accused of subprime ‘profit gouging’

Asset managers accused of accelerating foreclosures by mortgage servicer Ocwen

Published 1 second ago

HSBC’s Profit Dented by Higher Expenses

HSBC’s Profit Dented by Higher Expenses

HSBC Holdings said higher costs weighed on first-half profit as it embraces ambitious growth plans and steps up investment in technology and its expanding China business.

Published 2 months ago

Some Traders Are Talking Up Cryptocurrencies, Then Dumping Them, Costing Others Millions

Some Traders Are Talking Up Cryptocurrencies, Then Dumping Them, Costing Others Millions

‘Pump groups’ fuel millions in trading activity, with price rises followed by quick falls

Published 2 months ago

The WTO has become dysfunctional

The WTO has become dysfunctional

Trade rules must acknowledge the benefits of divergent economic models such as China’s

Published 1 second ago

HSBC profit weighed down by higher expenses

HSBC profit weighed down by higher expenses

Spending on retail, investment banking push operating expenses to $16.4bn in first half

Published 1 second ago

Iranians Hoard Gold Ahead of U.S. Sanctions

Iranians Hoard Gold Ahead of U.S. Sanctions

Iranians are hoarding gold as a safeguard against a collapsing local currency and soaring cost of living as the U.S. is poised to impose economic sanctions on Iran, pushing the metal’s price to record highs in Tehran.

Published 2 months ago

Profits Surge at Big U.S. Firms

Profits Surge at Big U.S. Firms

America’s biggest companies are reporting some of the strongest earnings growth since the recession, boosted by lowered tax rates and a robust U.S. economy that is fueling demand across industries.

Published 2 months ago

U.S. Officials Push New Penalties for Hackers of Electrical Grid

U.S. Officials Push New Penalties for Hackers of Electrical Grid

Top administration officials are devising new penalties to hit back more forcefully at state-sponsored hackers of critical infrastructure to deter attacks such as the successful penetration of U.S. utilities by Russian agents last year.

Published 2 months ago

Scores Killed in Latest Indonesian Earthquake

Scores Killed in Latest Indonesian Earthquake

A magnitude 7.0 quake has killed at least 82 people, injured hundreds and displaced thousands of others on and around the popular tourist island of Lombok.

Published 2 months ago

Some Traders Are Talking Up Cryptocurrencies, Then Dumping Them, Costing Other Millions

Some Traders Are Talking Up Cryptocurrencies, Then Dumping Them, Costing Other Millions

‘Pump groups’ fuel millions in trading activity, with price rises followed by quick falls

Published 2 months ago