For 2008, investors expect guidance on when to get back on board

LONDON (Reuters) – Investment banks are dedicating models from the 2008 financial crisis to determine the right time to buy back equity markets, which fell 30% from their record highs in February due to the coronvirus crisis. The Wall Street sign is pictured on the New York Stock Exchange (NYSE) in the Manhattan borough of […]

China’s economy has been hit hard as the epidemic paralyzes activity

BEIJING (Reuters) – China’s industrial output contracted at the fastest pace in 30 years in the first two months of the year as the rapidly expanding corona virus and stringent containment measures severely disrupted the world’s second largest economy, data showed on Monday. Urban investment and retail sales also declined strongly and for the first […]

The plumbing behind the world’s financial markets is creaking. Loud

LONDON (Reuters) – The coronavirus panic is shaking stock markets, and a sharp decline in key indices is catching the public’s attention. Behind the scenes, however, there is less understood and possibly more worrying evidence that stress in key arteries in the financial system increases to dangerous levels. FILE PHOTO: Traders work on the floor […]

Wells Fargo will increase the minimum wage in most of its US markets

(Reuters) – Wells Fargo & Co (WFC.N) He said Wednesday that he plans to raise the minimum wage to between $ 15 and $ 20 per hour for most of his US markets, joining other Wall Street banks that have increased hourly wages in recent years. Salary increases, which will take effect in late 2020, […]

Australian financial regulators make emergency call about coronavirus

SYDNEY (Reuters) – Australia’s financial regulators scheduled an emergency call on Monday to discuss the impact of the coronavirus outbreak, two sources familiar with the matter told Reuters, as the country seeks to avoid a risk of recession. FILE PHOTO: People with facial masks walk through Flinders Street station after coronavirus cases were confirmed in […]

JPMorgan appoints veteran Gori as new executive director of Asia Pacific

FILE PHOTO: A view of the exterior of the corporate headquarters of JP Morgan Chase & Co. in New York City, May 20, 2015. REUTERS / Mike Segar / Files HONG KONG (Reuters) – JPMorgan Chase & Co (JPM.N) on Thursday he appointed veteran Filippo Gori as his new executive director of Asia Pacific to […]

JPMorgan raises the objectives of clean energy expenditure, profit targets unchanged

(Reuters) – JPMorgan Chase & Co (JPM.N) on Tuesday it largely maintained its key medium-term profit targets, while the largest US bank. UU. It also increased its financial commitment to clean energy initiatives, after years of pressure from environmental activists. FILE PHOTO: The J.P. Morgan logo is seen in the financial district of Canary Wharf […]

UniCredit CEO Mustier ruled out his role in HSBC: source

FILE PHOTO: A UniCredit logo is seen in the center of Milan, August 18, 2014. REUTERS / Stefano Rellandini LONDON / MILAN (Reuters) – UniCredit CEO Jean Pierre Mustier has been excluded from a change to European rival HSBC (HSBA.L), a source with knowledge of the matter told Reuters on Sunday. The largest bank in […]