BEIJING (Reuters) -China's central bank said it is likely to cut interest rates from the current level of 1.5% "at an appropriate time" in 2025, the Financial Times reported on...
-- The People’s Bank of China plans to cut interest rates further in 2025, as it brings monetary policy more in line with traditional policies in the U.S. and Europe,...
By Nell Mackenzie and Carolina Mandl LONDON/NEW YORK (Reuters) -Some of the world's largest hedge funds finished 2024 with comfortable double-digit returns, benefiting from...
By Aditya Soni, Arsheeya Bajwa, Krystal Hu (Reuters) -OpenAI on Friday outlined plans to revamp its structure, saying it would create a public benefit corporation to make it...
WASHINGTON (Reuters) - U.S. mortgage rates jumped to a six-month high this week, suggesting that a recent improvement in home sales could be temporary. The average rate on the...
LONDON (Reuters) - The Bank of England said on Thursday it had allotted 46.180 billion pounds ($57.49 billion) at its first short-term repo of 2025, the second-highest amount on...
(Reuters) - Personal finance app SoFi Technologies (NASDAQ:SOFI)' shares fell as much as 7% on Thursday, after analysts at KBW downgraded the stock to "underperform" on concerns...
By Johann M Cherian and Purvi Agarwal (Reuters) - Wall Street's main indexes rose in the first trading session of 2025 as investors pinned their hopes on a fresh political...
By Mike Spector, Rachael Levy, Marisa Taylor and Chris Prentice NEW YORK/WASHINGTON (Reuters) - Last month, in the waning days of the Biden administration, the SEC set a tight...
LONDON (Reuters) - Global insurance premiums fell 0.9% last year as the market became more competitive after years of rate rises, insurance broker Howden said in a report on...