Pakistan’s currency took another tumble on Monday as Nawaz Sharif, the country’s jailed former prime minister, launched a legal appeal against his conviction for corruption, adding to political uncertainty ahead of next week’s election.
Sibanye-Stillwater, the South African gold and platinum miner, has raised $500m through a streaming deal with Wheaton Precious Metals in an effort to reduce its debt following a string of acquisitions.
Bank of America reported strong growth in net income across its business divisions in the second quarter. But soft revenue and declining net interest margin suggest that the results are unlikely to break Bank of America’s shares out of the weak trading pattern that has characterised the big US banks this year.
BlackRock’s assets under management dipped in the second quarter, as the world’s biggest money manager’s growing overseas business dragged down total funds once foreign sales were converted into US dollars.
A £775m pool of cash designed to boost competition in the UK’s small business banking sector will finally be awarded next February, more than a decade after the EU first called for a package as a condition of Royal Bank of Scotland’s bailout during the financial crisis.
The global financial regulator has published a framework for monitoring the risks from “crypto-assets” such as bitcoin to financial stability, as watchdogs increasingly circle the rapidly evolving digital currency marketplace.
Around 282,000 more people came to the UK than left in 2017, as net migration continued to add to the UK population but remained at a “broadly stable” rate, according to data published by the Office for National Statistics on Monday.
Deutsche Bank made twice as much money as analysts expected in the second quarter of the year, offering a reprieve for the lender and a boost to new chief executive Christian Sewing after an unrelenting run of bad news.
Shares in addiction treatment specialist Indivior have rocketed by 27 per cent, marking a spring back from Wednesday’s drubbing, after the London-listed company announced a legal breakthrough in the US.
A lot of financial regulation is an exercise in shutting the stable door after the horse has bolted . . . usually with a large amount of cash stuffed inside the saddlebags. And, in the case of the cowboys at Carillion, the collapsed government contractor, the executive nags would appear to have bolted with their bonuses.
The UK financial watchdog could ban online investment platforms like Hargreaves Lansdown from charging exit fees after raising concerns they make it too difficult for customers to switch away from their services.
European Council president Donald Tusk has called for reform of the World Trade Organization, including new rules on industrial subsidies and intellectual property rights, as Europe tries to form a common front with China against Washington’s trade tariffs.
Donald Trump will meet Vladimir Putin on Monday in Finland with the summit taking place at a time when the US president is facing criticism at home for failing to condemn alleged Russian hacking of his rival in the 2016 election.
China’s economy grew at its slowest pace since 2016 in the second quarter, with economists noting slower industrial growth and caution from export manufacturers due to the Beijing-Washington trade war.