Business

Market misery dealt sovereign wealth funds historic setback in 2022, study shows

Heavy falls in stock and bond markets over the last year have cut the combined value of the world’s sovereign wealth and public pension funds for...

World stocks eye glum 2022 while dollar triumphs

World stocks were steady on the last trading day of the year as markets digested U.S. data and the dismantling of China's zero-COVID policy,...

World’s richest tech execs lose over $400 billion in 2022

Six of the world’s richest tech founders and CEOs have lost over $400 billion from their wealth since the start of the year, as a wave...

Global shares muted as investors fret over China reopening

Global equities traded sideways on Wednesday after enthusiasm about China lifting COVID restrictions was tempered by rising infections and investors' gloomy outlook for Western...

ECB sets capital requirements for Monte dei Paschi for 2023, removes dividend ban

The European Central Bank has set the minimum capital requirements for Banca Monte dei Paschi di Siena (MPS) (BMPS.MI) for next year and also removed a...

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