Oil prices slide on oversupply, economic headwinds
LONDON (Reuters) – Oil prices fell on Monday, holding near two-month lows amid worries that a global glut of crude and refined products would weigh on markets for some time.
Lending, margins in focus on UK banks’ second-quarter report cards: Goldman
LONDON (Reuters) – Loan growth, margin squeezes and credit costs are the areas investors will focus on when British banks report quarterly earnings, Goldman Sachs said in a note to clients.
Indonesian tax amnesty could spark outflow from Singapore wealth industry
SINGAPORE (Reuters) – Singapore’s wealth management industry is likely to suffer a bad dent as rich Indonesians move some money back home to take advantage of a tax amnesty, but the exodus of funds isn’t going to be as big as Jakarta is predicting.
Eyes on Fed, BOJ, Europe’s bank stress test
FRANKFURT (Reuters) – Central banks from Washington to Tokyo take center stage next week, although policymakers are likely to remain cautious as they wait for the dust to settle from Britain’s shock vote to leave the EU.
Singapore to further boost money laundering controls amid 1MDB-linked probe
SINGAPORE (Reuters) – Singapore’s central bank said it will enhance controls against money laundering and take swift action against banks following damaging findings that financial institutions in the city-state handled money flows linked to Malaysian …
Japan monthly economy assessment unchanged, but business sentiment worsens
TOKYO (Reuters) – Japan’s government kept its assessment of the economy unchanged in July but said business sentiment has worsened after the Bank of Japan’s tankan survey showed the corporate mood stagnated in April-June due to a strengthening yen.
G20 will use ‘all policy tools’ to lift growth as Brexit weighs
CHENGDU, China (Reuters) – The world’s biggest economies will work to support global growth and better share the benefits of trade, policymakers said on Sunday after a meeting dominated by the impact of Britain’s exit from Europe and fears of rising pr…
New Allianz asset management chief wants closer ties with Pimco: FT
(Reuters) – A new top executive at German insurer Allianz wants to forge closer ties with its U.S. asset management business, Pimco, according to the Financial Times.
Silicon Valley leads avalanche of quarterly reports
SAN FRANCISCO (Reuters) – A quartet of technology heavyweights will be part of an avalanche of quarterly corporate earnings reports next week that, along with a meeting of Federal Reserve policymakers, could hold the key to whether Wall Street extends …
Ex-Wall Street banker accused of insider tips to father faces trial
NEW YORK (Reuters) – Federal prosecutors in Manhattan are set to face off with a former Wall Street investment banker in their first insider trading trial since a U.S. appeals court curtailed their ability to pursue such cases.
