Goldman, HSBC Join Forces with other Banks on Client Disclosures

Five banks aim to apply share rules more consistently Interpretations can leave positions underreported LONDON, Sept 25 Reuters Goldman Sachs and HSBC are among a group of five banks adopting a common global approach to disclosing clients39; stock positions, a move which participants say could help cut costs and bolster transparency. The group, which also includes […]
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India Rupee Ends Weaker but Fresh Record Low not in Sight

MUMBAI, Sept 25 Reuters The Indian rupee depreciated on Monday, pressured by elevated U.S. Treasury yields and higher crude oil prices. The rupee closed at 83.1450 against the U.S. dollar as compared with 82.93 in the previous session. Most Asian currencies fell, with the Thai bhat and offshore Chinese yuan leading losses. The dollar index […]
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German Business Sentiment Worsens in September Ifo

BERLIN, Sept 25 Reuters German business morale deteriorated slightly in September, falling for the fifth month in a row and underlining recession fears in the euro zone39;s largest economy, a survey showed on Monday. The Ifo institute said its business climate index stood at 85.7, a decline from a revised August figure of 85.8 but […]
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SNB Done with Rate Hikes, End2024 Level a Mystery

LONDON, Sept 25 Reuters The Swiss National Bank is done with interest rate hikes, according to the vast majority of economists polled by Reuters, despite mooting the prospect of further increases last week when it surprised markets by leaving borrowing costs unchanged. On Sept. 21 the SNB held its policy interest rate unchanged at 1.75, noting inflation […]
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