Financial Services

UBS completes takeover of Credit Suisse in deal meant to stem global financial turmoil
Jun 12, 2023

UBS completes takeover of Credit Suisse in deal meant to stem global financial turmoil

UBS says it has completed its takeover of embattled rival Credit Suisse


Stock market today: Asian shares mixed as investors await Fed policy decision, price data
Jun 12, 2023

Stock market today: Asian shares mixed as investors await Fed policy decision, price data

Shares are mixed in Asia after the S&P 500 logged its fourth winning week in a row on Friday


Jun 12, 2023

Stock market today: Wall Street drifts ahead of Fed, inflation data

Wall Street is ticking higher ahead of a big week for central banks and interest rates around the world


Stock market today: Wall Street rises, and S&P 500 hits highest level in more than a year
Jun 12, 2023

Stock market today: Wall Street rises, and S&P 500 hits highest level in more than a year

Wall Street closed higher ahead of a big week for central banks, carrying the S&P 500 to its highest level in more than a year


Why Turkey's currency is crashing after Erdogan got reelected
Jun 9, 2023

Why Turkey's currency is crashing after Erdogan got reelected

Turkish President Recep Tayyip Erdogan appointed an internationally respected former banker as finance and treasury minister after winning reelection


Jun 9, 2023

Erdogan appoints former US bank executive as Turkish central bank chief, in sign of policy change

Turkey's president has appointed Hafize Gaye Erkan, a former U.S.-based bank executive, to head the central bank


SEC brings charges against cryptocurrency trading platform Coinbase
Jun 6, 2023

SEC brings charges against cryptocurrency trading platform Coinbase

The Securities and Exchange Commission sued cryptocurrency platform Coinbase on Tuesday, charging the company with operating an unregistered securities platform and brokerage service


Stock market today: Asian stocks follow Wall St up after strong US jobs report
Jun 5, 2023

Stock market today: Asian stocks follow Wall St up after strong US jobs report

Asian stocks have followed Wall Street higher after strong U.S. hiring data suggested a possible recession might be further away, while smaller wage gains stoked hopes inflationary pressures are weakening


With oil prices slumping, OPEC+ producers weigh more production cuts
Jun 4, 2023

With oil prices slumping, OPEC+ producers weigh more production cuts

The major oil-producing countries led by Saudi Arabia and Russia are deciding whether to make more cuts to the amount of crude they supply to the global economy


Money stored in Venmo and other payment apps could be vulnerable, financial watchdog warns
Jun 1, 2023

Money stored in Venmo and other payment apps could be vulnerable, financial watchdog warns

Customers of Venmo, PayPal and CashApp should not store their money with those apps for the long term because the funds may not be covered by deposit insurance



The Budget Report

Delivers the latest news of various finance and economic status in the ever-changing world economy to make sure everyone is up-to-date with the current trends.