Financial

In the foreign exchange market, the depreciation of the yen accelerated again. The yen exchange rate fell to more than 133 yen per dollar at one point. In more than 3 months, the yen has […]

U.S. stocks edged higher late Tuesday, with the Dow up 100 points. The market appeared to shake off Target’s earnings warning. U.S. Treasury Secretary Yellen said the U.S. is facing an “unacceptable level of inflation” […]

The West has imposed economic sanctions on Russia for a period of time. Let’s not talk about the impact of these sanctions on Russia. For EU countries, they are now facing a situation of internal […]

From the end of 2021 to the beginning of 2022, the terms of trade in the euro area deteriorated significantly, based on the terms of trade index calculated by Eurostat. The core reason is that […]

The US dollar weakens 0.5% against the euro and 0.8% against the yen. “The US dollar’s continued decline was the focal point of global foreign exchange markets this week,” Cambridge Global Payments says. The dollar […]

Bank of New York Mellon Corp. said its profit for the first quarter rose as market volatility amid the coronavirus pandemic boosted its fee revenue. The custody bank Thursday posted net income of $944 million, […]

Occidental Petroleum Corp. has elected to pay a quarterly $200 million payment it owes Warren Buffett’s Berkshire Hathaway Inc. in shares, a sign of the financial strain the company is facing as the coronavirus erodes […]

Asian insurance company AIA Group Ltd. (1299.HK) said Friday its net profit for the last fiscal-year fell 48.4%, weighed mainly by a fall in revenue and rise in expenses. The pan-Asian insurer said its net […]

Prudential PLC (PRU.LN) said Wednesday that its profit rose in 2018, led by increasing new business in Asia. The insurance-and-investment business said its operating profit came to 4.83 billion pounds ($6.35 billion), rising 6% on […]

The latest approval from China securities regulatory commission, IMF identity the RMB is qualified foreign institutional investor (RQFII) programme. Under the RQFII(RMB Qualified Foreign Institutional Investors) mechanism, the Chinese government allows Foreign Institutional Investors to […]