Citigroup Rolls Out AI Tools for Employees
Citigroup on Wednesday, December 4, began the process of rolling out new artificial intelligence tools for its employees.
Finance & Economics - page 19
BlackRock to Acquire HPS Investment Partners, Enhancing Public and Private Market Integration
BlackRock is to strengthen its position in the growing private credit market with the acquisition of HPS Investment Partners, a global credit investment manager with $148 billion in client assets.
Wells Fargo Reportedly Sells San Francisco HQ
The media reported that Wells Fargo is selling its headquarters in San Francisco, as the leadership of this financial institution, which is the fourth largest by total assets in the United States banking system, heads east.
Salesforce Reports Earnings
On Tuesday, December 3, the value of Salesforce shares increased by 9% after this company published information about its earnings for the third fiscal quarter and guidance for the next fiscal quarter, which exceeded analysts’ preliminary expectations.
China Bans Export of Key Minerals to US
China has banned the export to the United States of items related to the minerals gallium, germanium, and antimony, which can be used for military purposes.
European Manufacturing Activity Demonstrates Decline
Last month, a sharp decrease in the level of manufacturing activity was recorded in Europe, and a further downward dynamic of demand became an obstacle to any hopes for an early recovery of the indicator.
US Raises Cap on Small Business Loans
The White House has raised the cap on small business loans.
Foreign Investments in China Demonstrate Decline
Analysts say that the outlook for the growth of foreign direct investment in China is facing a new challenge amid the return of Donald Trump, who won the United States presidential election last month, to the White House.
Chinese Economist Calls for 5% GDP Target in 2025
China should set an economic growth target of about 5% for 2025, an indicator similar to the analogous goal for the current year.
JPMorgan Gets Fined in Singapore for Manager Misconduct
JPMorgan Chase relationship managers allegedly misrepresented or withheld key pricing details, causing clients to pay spreads exceeding agreed rates, said the Central Bank of Singapore.
Canada’s Economy Demonstrates Growth
In the third quarter of 2024, the Canadian economic system showed growth of 1% year-on-year.
Barclays Prefers German Blue-Chip Stocks Over French
Strategists at Barclays, a London-based bank, said that German blue-chip stocks show more promise compared to their French counterparts.
Euro-Area Inflation Climbs to 2.3%
In the eurozone, in November the inflation figure exceeded the European Central Bank’s target of 2%, although this circumstance, as experts suggest, is unlikely to become a deterrent in the context of the implementation of the intention of the financial authorities of the region to further cut interest rates next month and later.
India’s Quarterly Economic Growth Slumps to Near Two-Year Low
In the second fiscal quarter, which ended in September, the Indian economy showed growth of 5.4% year-on-year.
Top 5 digital banks in Finland
Let’s see which neobanks can gain momentum in Finland in the near future
Goldman Sachs Says Increase of Tariffs to Boost US Inflation
Goldman Sachs suggests that the latest tariff proposal by Donald Trump, who won the United States presidential election in November, will become a factor of upward pressure on inflation in the US.
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