Business

More than 7,500 finance jobs and a trillion pounds in assets have already left Britain for the European Union as banks prepare for fullblown Brexit in January, EY consultants said on Thursday.

Asian equities were poised for a bouncy session on Thursday after U.S. stocks posted a second consecutive quarter of gains and safehaven assets, including the dollar, were mixed.

U.S. stocks jumped on Wednesday as fresh hopes for a new pandemic relief package and upbeat economic data set the major indexes on course to end the quarter on a high note.

The Federal Reserve is extending until the end of the year its restrictions on large banks and financial services companies paying out dividends and buying back stock.

Britain's economy shrank by a record 19.8% in the second quarter of 2020 when COVID19 lockdown measures were in force, a slightly smaller decline than an initial estimate of a 20.4% fall in output, official figures showed on Wednesday.

Volkswagen is reviewing the future of its highperformance brands Lamborghini, Bugatti and Ducati as part of broader quest for more economies of scale as it shifts to mass producing electric cars, senior executives told Reuters.

JPMorgan Chase & Co has agreed to pay more than $920 million and admitted to wrongdoing to settle federal U.S. market manipulation probes into its trading of metals futures and Treasury securities, the U.S. authorities said on Tuesday.

World Bank President David Malpass said on Tuesday he is seeking board approval for a $12 billion (£9.33 billion) coronavirus vaccine financing plan to help poor and developing countries secure a sufficient share of vaccine doses when they become availabl...

JPMorgan Chase admitted Tuesday to manipulating the markets for precious metals and U.S. Treasuries, agreeing to pay $920 million in fines and penalties for the illegal behavior.

On a review, it has been decided to extend the measures announced on April 17, 2020 and April 7, 2020 with regard to increase in WMA Limits of states/UTs and overdraft (OD) regulations, respectively, for a further period of 6 months till March 31, 2021, t...

Wall Street's main indexes were set for a muted open on Tuesday as investors stayed away from making big bets ahead of the first presidential debate, while awaiting a reading on consumer confidence.

If youre looking for a self-improvement task in this pandemic era, try teaching yourself to use contactless payments with your phone or tap-to-pay credit and debit cards.

LVMH countersued Tiffany & Co on Monday, arguing the iconic U.S. jeweler's financial mismanagement in the pandemic permits the French luxury goods giant to walk away from its proposed $16 billion (£12.46 billion) acquisition of the company.

Fiat Chrysler will pay a $9.5 million (£7.4 million) civil penalty to settle allegations it misled investors by not disclosing that it conducted only a limited internal review of its compliance with emissions regulations, the top U.S. securities regulator...

Lawmakers who criticized regulators over the way they approved the Boeing 737 Max will propose changing the way that the Federal Aviation Administration certifies new plane designs and uses privatesector employees to perform safety analysis.

The Directorate General of Foreign Trade (DGFT), under the commerce ministry, said that "import" of these products "shall now require compulsory registration" under the SIMS.