JPMorgan net income falls as bank sets aside more money to cover potential bad loans
NEW YORK -- JPMorgan on Friday reported that its net income fell 2% in the third quarter as the bank...
Financial services
South Korea’s central bank raises rates in a bid to boost the economy
SEOUL, South Korea -- South Korea’s central bank on Friday cut its policy rate for the first time in more...
Home insurers argue for a 42% average rate hike in North Carolina
RALEIGH, N.C. -- With many western North Carolina residents still lacking power and running water from Hurricane Helene, a hearing...
Department of Justice sues Visa, alleges the card issuer monopolizes debit card markets
NEW YORK -- The U.S. Justice Department has filed an antitrust lawsuit against Visa, alleging that the financial services behemoth...
Bank of England keeps its main interest rate on hold at 5% in wake of big US Fed rate cut
LONDON -- The Bank of England kept its main interest rate unchanged at 5% Thursday despite a big cut from...
Russian central bank hikes rates to fight inflation fueled by military spending in growing economy
MOSCOW -- Russia's central bank raised its key interest rate by a full percentage point to 19% to combat high...
Rate cuts are coming from the European Central Bank and the Fed. Experts say the pace will be mild
FRANKFURT, Germany -- With inflation subsiding, the European Central Bank will likely cut interest rates again on Thursday to prop...
Lebanon’s former central bank governor detained in corruption probe
BEIRUT -- Lebanon's controversial former central bank governor was detained Tuesday after being questioned in several corruption cases, according to...
Inflation in the 20 EU countries that use the euro falls to 2.2%, opening way for a central bank rate cut in September
Inflation in the 20 EU countries that use the euro falls to 2.2%, opening way for a central bank rate...
Asian shares mostly slip as market focus turns from Nvidia to US economy
TOKYO -- Asian shares mostly fell Thursday as market attention turned to upcoming data on the U.S. economy after Nvidia...
