Financial

Russian exporters are increasingly embracing barter trade arrangements to circumvent payment delays stemming from Western sanctions imposed following Moscow's invasion of Ukraine. The shift comes as foreign banks distance themselves from…

Amazon's quarterly revenues have witnessed a remarkable surge, driven by what CEO Andy Jassy describes as a "once in a lifetime opportunity" in generative artificial intelligence, coupled with robust advertising demand. The tech giant's…

US stocks surrendered their October gains as a significant tech sell-off triggered Wall Street's most substantial daily decline in nearly two months. The S&P 500 fell 1.9 per cent whilst the tech-heavy Nasdaq Composite plummeted 2.8 per…

Apple's shares experienced a 1.9 per cent decline in after-hours trading following a cautious outlook for the holiday quarter, despite reporting solid financial results. The tech giant's forecast of low to mid-single-digit revenue growth…

British government bonds faced intense selling pressure on Thursday, driving borrowing costs to their peak levels for 2024, as investors grappled with the implications of Rachel Reeves' expansionary Budget plans. The 10-year gilt yield…

British pharmaceutical giant GSK has held firm on its annual group forecasts despite experiencing a decline in vaccine sales, with strong performance in specialist medicines helping to offset the downturn. The FTSE 100 company reported a 2%…

In a landmark fiscal announcement, Labour's Chancellor Rachel Reeves has unveiled a transformative budget featuring £40 billion in tax increases, marking a significant departure from previous Conservative policies. The comprehensive package…

Microsoft's shares declined 3.8% in after-hours trading despite reporting substantial quarterly gains, as warnings about slowing growth and escalating artificial intelligence costs dampened investor enthusiasm. The technology giant's…

Leading financial institutions have engaged in urgent discussions with the UK Treasury amid growing concerns about potential upheaval in the consumer credit sector following a groundbreaking court ruling on car finance commissions. The…

UBS has disclosed a net profit of $1.4 billion for the third quarter, surpassing expectations thanks to its trading division's better performance amid heightened market volatility and strategic cost-cutting measures. Revenue surged to…

The City regulator fined Wise's founder £350,000 after he failed to notify them that he hadn't paid his taxes. The Financial Conduct Authority (FCA), said that on Monday, Wise's chief executive Kristo Kaarmann had failed to inform it…

After a judge ruled that auto finance companies had hidden commission payments from their customers, borrowers could bring claims against banks totaling billions of pounds for mis-sold mortgages. Lloyds Bank announced on Monday that they…

Trainline increased its guidance for the full year for the second time in just two months, after realizing more revenue than expected from ticket sales. The online ticket seller stated that it expects net sales to increase by 12 to 14…

Boeing, the struggling American aircraft manufacturer, has asked investors to inject about $19 billion in order to boost its balance sheet, and to protect its investment grade credit rating from falling to junk status. After reporting a…

Disney on Ice will be coming to Everett this week. Mickey Mouse, Donald Duck and other Disney characters will perform at the Angel of the Winds arena in Everett. The cast at the stadium on Wednesday was a far cry from the one that appeared…

EssilorLuxottica expressed "full support' to Chief Strategy Officer Leonardo Maria Del Vecchio - the late founding father's son - after Milanese authorities placed him under investigation in a vast probe into alleged illegal trafficking of…

The head of Abrdn warned that British pension funds should not be "forced" into purchasing UK assets by the government. Jason Windsor argued that proposals to require retirement funds to invest minimum amounts in the UK were a bad idea.…

Starbucks suspended its financial guidance after it released unexpected results showing a drop in revenue and sharp decline in quarterly earnings. The preliminary results were published more than one week before schedule. They are the…