Finance

The big banks’ investor loan dilemma

After spending most of their careers trying to grow loan books, big bank executives are now in the bizarre position of coming up with ways to reduce the amount of money home buyers can borrow. The way major lenders are thinking about the investor loan space is the biggest challenge facing the banks as they seek to meet the banking ... Read More »

China markets fall sharply despite fresh help from Beijing

Chinese markets fell sharply Wednesday, even as officials scrambled to arrest a three-week stock selloff. The widespread selling has spilled into global markets and is deepening doubts about Beijing’s limits to halt it. China has introduced fresh measures to restore investor confidence seemingly to little avail. Stocks and Chinese bonds traded offshore, even high-quality corporate bonds issued by top state-owned ... Read More »

GREECE LATEST-French PM says basics of Greek deal laid out, deal is within grasp

Following is the latest news on Greece’s debt crisis after euro zone leaders set Athens a deadline of the end of the week to come up with convincing reform proposals . All times are in GMT. 1436 – French Prime Minister Manuel Valls says basics of a Greek deal have been laid out, a deal is within grasp 1334 – ... Read More »

The Latest: Juncker: EU Officials Are Prepared for Grexit

BRUSSELS — The latest on the Greek financial crisis (all times Brussels local): ___ 12:25 a.m. European Commission President Jean-Claude Juncker says authorities are prepared for all eventualities in Brussels’ drawn-out negotiations with Greece about its financial crisis — including a scenario in which debt-laden Greece leaves the euro single currency or the European Union itself. “The commission is prepared ... Read More »

Puerto Rican debt crisis hits Congress

A looming debt crisis in Puerto Rico is setting off a fresh fight in Congress, where lawmakers are debating a statutory fix that could allow the island territory to declare bankruptcy. Advocates of the change say it would resolve a technical oversight from a decades-old bankruptcy law, while skeptics warn that it could throw into question billions of dollars in ... Read More »

If the latest iPhone leak is true, there’s bad news for new buyers

If the latest leak out of Apple’s iPhone factories is true, then the next iPhone will start with just 16GB of storage. 9to5Mac’s Mark Gurman published leaked images of the internal components of the next iPhone, the so-called iPhone 6S. One of the components is a 16GB flash storage chip. That’s bad news for all-new iPhone owners if Apple ends ... Read More »

L&T Finance shares up 6% on talks co may sell 25% stake to Warburg Pincus

Shares of L&T Finance Holdings emerged as the second-best performer in the BSE mid-cap space in early trade Tuesday, surging nearly 6 percent to a high of Rs 70.15 on a media report that American private equity fund Warburg Pincus may acquire 25 percent stake in the financial services arm of L&T. L&T Finance has set a price of Rs ... Read More »

Rift Emerges as Europe Gears Up for New Talks on Greece Bailout

ATHENS — Germany continued to maintain a hard line with Athens on Monday, just a day after Greek voters decisively rejected a bailout deal from its creditors. But some European countries showed a willingness to soften the push for austerity that has proved so contentious. The growing rift among European leaders threatens to complicate any new negotiations, as the Greek ... Read More »

Asia Pacific Market: Stocks up on Greek bailout optimism

Asia Pacific share market closed mostly higher on Tuesday, 23 June 2015, echoing gains on Wall Street and in Europe in overnight trading on growing investor optimism that Greece will eventually reach an agreement with its creditors. Market participants are optimistic about an agreement between Greece and its creditors after European leaders held an emergency summit on Monday. European leaders ... Read More »

Facebook now worth more than Wal-Mart on stock market

NEW YORK (AP) — Facebook is now bigger than Wal-Mart, at least when it comes to its value on the stock market. The world’s biggest online social network knocked the world’s largest retailer out of the top 10 list of the highest-valued companies in the Standard & Poor’s 500 index on Monday and the gap widened on Tuesday. While the ... Read More »