Latest Finance-Economy News
Deutsche Bank Profit Beats Expectations on Lighter Costs
Deutsche Bank reported profits exceeding views, driven by growth in its investment bank and asset-management divisions amid reduced costs. This positive earnings come as offices face searches in a money-laundering probe.
The bank aims to distance itself from past scandals.
Fed Holds Interest Rates Steady for First Time Since July
The US Federal Reserve maintained rates unchanged, signaling comfort with pausing cuts after several reductions last year. Officials are divided on resuming cuts amid stubborn inflation above 2% target.
Markets reacted mutedly with S&P 500 flat and gold jumping over 4%.
ING Groep Guides for Revenue and Profit Growth
ING expects rising revenue and profitability this year and next, betting on customer growth and fee income to offset falling interest rates. This outlook supports further expansion in financial services.
It aligns with broader sector resilience.
Prosperity Bancshares to Acquire Stellar Bancorp for $2 Billion
Prosperity Bancshares announced a $2 billion deal to buy Stellar Bancorp, creating Texas's second-largest bank by deposits. The acquisition bolsters regional banking presence.
It reflects ongoing consolidation in US banking.
Asian Shares Mixed, Gold Surges After Fed Decision
Global shares traded mixed with Asian indices falling mostly, while gold rose over 4% post-Fed rate hold. South Korea's Kospi hit a record on strong SK Hynix earnings.
US markets ended nearly flat with tech gains offsetting losses.
Petrodollar System Faces Pressure from BRICS and Green Energy
The petrodollar is under strain as BRICS eyes alternative currencies and clean energy reduces oil demand. Gulf states plan diversification from oil revenues into green chains.
Events in Venezuela and Greenland accelerate de-dollarization concerns.
Private Asset Managers Eye Fund-Raising in Earnings
Blackstone, KKR, Apollo, and Brookfield prepare quarterly earnings focused on fund-raising and dealmaking. This dominates their reports amid market optimism.
It signals robust private equity activity.
Bank of Canada Rate Outlook Hinges on USMCA Trade Deal
Canada's central bank cites economic uncertainty from US review of USMCA trade deal. This could pivot rate decisions amid mixed growth data.
Broader North American trade tensions influence policy.
US Economic Growth Forecast at 2.4-2.5% for 2026
Projections show US GDP growing 2.4-2.5% in 2026, driven by productivity gains and lower rates. Labor markets soften but efficiency rises with AI adoption.
Inflation expected to ease toward 2% target.
Global Markets Strong in 2025, Cautious Outlook for 2026
MSCI indices rose double-digits in 2025 across US, Europe, Asia amid rate cuts. 2026 forecasts solid growth at 1-2.5% globally with AI boosting productivity.
Trade tensions proved milder than feared.
Davos 2026 Highlights AI Productivity Boost Amid Debt Worries
Economic experts at Davos note world economy's resilience but strain from public debt and job risks. AI seen powering GDP growth via efficiency gains.
Private sector agility and central bank support key factors.
India Economic Survey Warns of Capital Flow Disruptions
India's 2026 survey outlines risks to growth from capital disruptions and rupee pressure across scenarios. Global trade holds up but fragility persists.
Export earnings critical amid rising imports.