France’s biggest lender says there are ‘too many’ European banks as UniCredit moves on Commerzbank
BNP Paribas Chief Financial Officer Lars Machenil on Thursday voiced his support for greater integration in Europe’s banking sector.
H&M shares fall as much as 8% on profit miss and scrapped earnings margin target
Shares of H&M tumbled as much as 8% on Thursday after the world’s second-largest listed fashion retailer posted a miss on operating profit.
Klarna partners with fellow fintech Adyen to bring buy now, pay later into physical stores
Klarna said Thursday that it had entered into an agreement with Adyen to add its buy now, pay later products to physical payment terminals.
CNBC Daily Open: AI-adjacent companies may be the next big play
The AI wave will ripple throughout the ocean for some time. Big Tech or semiconductors are juicy catches, but a wider net might reel in other prizes.
Bank of Japan board members split over monetary policy path, meeting minutes show
The BOJ raised its benchmark policy rate to “around 0.25%” in a 7-2 split decision in July, marking its highest interest rate since 2008.
UK finance chiefs are banging the drum for one major reform to boost economic growth
U.K. finance chiefs are banging the drum for pension reforms to boost anaemic investment and growth in the country.
Not just China, Trump 2.0 could spell trouble for U.S. allies as he doubles down on tariff talk
Trump’s latest presidential campaign has increasingly framed American allies in Europe and Asia as trade rivals and targets for tariffs alongside China.
SK Hynix shares jump as company announces mass production of updated AI chip
The South Korean giant has been a main supplier of the high-bandwidth memory chips catering to AI chipsets for companies like Nvidia.
China offers one-time cash allowance for those in extreme poverty
China announced it will offer a one-time cash allowance to those in extreme poverty, after it rolled out a slate of stimulus aimed at shoring up the economy.
Australia’s inflation rate has come within its target range, but rate cuts likely won’t come anytime soon
The RBA had expected inflation to fall. RBA Gov. Michelle Bullock said that inflation is expected to climb above the target range again when government reliefs expire.
