Economic News

LONDON — Top financial institutions are calling for global cooperation on central bank digital currencies. The Bank for International Settlements, the global body for central banks, issued a report Friday saying that central banks should work to achieve...

Danish start-up Pleo, which sells corporate expense management software and linked “smart” payment cards, has boosted its valuation to $1.7 billion in a $150 million equity financing round.

WASHINGTON — President Joe Biden responded to the June jobs numbers on Friday, saying the strong growth in employment reflects the success of his American Rescue Plan relief bill this spring and his administration’s nationwide vaccination campaigns.

Big banks – Goldman Sachs (GS), Bank of America (BAC), Morgan Stanley (MS), JPMorgan Chase (JPM) and Wells Fargo (WFC) all announced dividend increases after passing the Fed’s latest stress tests.

Binance, the world’s biggest cryptocurrency exchange, has been issued a warning by the UK’s financial regulator. The Financial Conduct Authority (FCA) has ruled that the firm cannot conduct any “regulated activity” in the UK.

Americans saving in a 401(k) plan may have money stashed in a robo-advisor — and they might not even know it.

Amazon and Google are under investigation over concerns fake five star reviews on their websites could be misleading shoppers.

Mega event aims to drive collaboration and innovation to develop real-life solutions as the world heads into a post-pandemic economic recovery.

The US and the EU have agreed a truce in a 17-year trade dispute over subsidies for Boeing and Airbus.

Bitcoin sank Monday on reports that China has intensified its crackdown on cryptocurrency mining.

Minneapolis Federal Reserve President Neel Kashkari said on Friday he wants to keep the U.S. central bank’s benchmark short-term interest rate near zero at least through the end of 2023 to allow the labor market to return to its pre-pandemic strength.

The positive start in Europe follows cautiously optimistic sentiment elsewhere. Shares in Asia-Pacific were mostly higher in Tuesday afternoon trade, with Japanese and Australian stocks leading gains regionally, while U.S. stock index futures made modest gains in premarket trade as investors await the Federal Reserve’s two-day policy meeting which starts on Tuesday — a focal point for the markets this week.