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    Nov 27 (Reuters) – Top Canadian banks are expected to post a decline in fourth-quarter profits as choppy markets hurt wealth management and a slow deal pipeline dents income from investment banking, offsetting expected gains from business loans. The earnings reports, beginning Tuesday, cap off a tumultuous year that saw inflation reach decades-high levels and ...
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    BENGALURU, Nov 25 (Reuters) – Australian housing prices that are on a steep decline will likely fall further next year, according to a Reuters poll of analysts who forecast a peak-to-trough slump of 16%, more than double the correction during the 2008 financial crisis. Near-zero interest rates and a dearth of housing supply pushed home ...
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    Nov 16 (Reuters) – Crypto lender Genesis Global Capital suspended redemptions on Wednesday citing the failure of crypto exchange FTX, while court papers showed FTX founder Sam Bankman-Fried faces legal action, as its sudden collapse ripples across the industry. FTX filed for bankruptcy protection in the United States on Friday in the highest-profile crypto blowup ...
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    MUMBAI, Nov 10 (Reuters) – Stocks of Indian lenders have rallied this year to touch a record high on Wednesday and analysts believe the party is likely to continue as banks issued robust earnings reports for the latest quarter. The Nifty public sector bank index (.NIFTYPSU) has jumped about 50% so far this year and ...
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    Nov 5 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) on Saturday posted a third-quarter loss, as falling stock investments and a big loss from Hurricane Ian offset improvement in many of its industrial businesses. Berkshire also took advantage of declining equity markets to buy more stocks, purchasing a net $3.7 billion in the quarter ...
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    ZURICH, Oct 25 (Reuters) – UBS (UBSG.S) logged a smaller-than-expected 24% slide in third-quarter net profit with robust client inflows and lower costs helping to ameliorate the impact of turbulent financial markets. The Swiss bank attracted $17 billion in net new fee generating assets in wealth management and $18 billion of net new money in ...
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    LONDON, Oct 17 (Reuters) – Britain’s banks and financial firms face deepening stress from rising funding costs and worsening household finances, analysts warned on Monday, as the government battles to stem a dramatic loss of confidence among investors. Ratings agency Moody’s said turmoil in government bond markets “jeapardizes financial stability”, putting pressure on a broad ...
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    LONDON, Oct 17 (Reuters) – Britain’s housing market lost momentum this month after Prime Minister Liz Truss’s economic plans upset financial markets and triggered a repricing of the mortgage market, data from property website Rightmove showed on Monday. Asking prices for homes coming to the market rose by 7.8% year-on-year in October, the smallest increase ...
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    A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, February 1, 2020. REUTERS/Francis Mascarenhas/Files Register now for FREE unlimited access to Reuters.com Register BENGALURU, Sept 23 (Reuters) – Indian shares dropped on Friday, as investors kept off risky assets on global economic growth concerns, while financial stocks ...
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    Register now for FREE unlimited access to Reuters.com Register New home prices fall at fastest pace on-month since Nov 2021 New home prices fall at fastest pace on-year since Aug 2015 Property sales fall for the 13th month in a row BEIJING, Sept 16 (Reuters) – Woes in China’s property market worsened in August, with ...