The Monetary Authority of Singapore said it would slow the Singapore dollar’s appreciation against a basket of currencies, making the city state the latest country to ease monetary policy to fend off deflationary pressures exacerbated by a steep drop in crude oil prices.
Singapore’s central bank announced a surprise easing of its currency policy, as inflationary pressures in the country are expected to remain subdued.
Retail foreign-exchange broker FXCM was nearly felled by outsize bets made by foreign customers who aren’t subject to U.S. regulations, according to people familiar with regulators’ review of the firm.
When investment-banking giant Deutsche Bank reports fourth-quarter results Thursday, investors will turn their attention to one particular unit: retail banking.
Thousands of branch closures, aimed at cutting costs, have limited access to banking services in some parts of rural Spain.
Canadian National Railway Co. reported a higher fourth-quarter profit and boosted its dividend while guiding for stronger earnings this year.
Janet Yellen’s job is about to get harder after a relatively easy first year as Federal Reserve chairwoman, as she looks to move past the preset course of winding down a bond-buying program and begin raising interest rates.
J.P. Morgan Chase & Co. notched $250 million to $300 million in gains after the Swiss central bank triggered turmoil in the markets in mid-January, a person familiar with the gains said.
Informatica has made contact with potential buyers amid a flurry of buyouts in the sector. The data-software company is working with investment bankers at Qatalyst Partners, people familiar with the matter said.
Some U.S. financial advisers are gradually adding to clients’ holdings in eurozone stocks because of the European Central Bank’s plans for aggressive bond purchases.
Stocks in Asia were mostly lower as investors awaited a U.S. Federal Reserve statement for clues on higher interest rates, while the Singapore dollar hit a 4 ½ year low after the central bank eased policy.
Ahead of the Tape: The social-media site must find new ways to grow to stay ahead in Wall Street’s popularity contest.
Yahoo unveiled plans for a tax-free spinoff of its remaining holdings in Chinese e-commerce giant Alibaba as the company also reported declines in fourth-quarter earnings and revenue.
Regulator recommends enforcement action against the bank for allegedly violating the U.S. Foreign Corrupt Practices Act in some of its dealings with sovereign-wealth funds.
The stronger dollar is suppressing sales and profits at America’s big companies, prompting them to put renewed emphasis on cost cutting and adding pressure on the broader U.S. economy.
Western Digital posted a better-than-expected 7% increase in profit in its December quarter as expenses fell.
A judge Monday denied a request by GT Advanced Technologies Inc. shareholders to have a voice in the former Apple Inc. supplier’s bankruptcy.
As China tries to forestall foreign governments from tapping its phones, the country is investing growing amounts of money into domestic chip makers and tasking them with developing processors for “safe phones.”
The International Monetary Fund has urged the Irish government to continue with spending cuts and tax rises designed to narrow its budget deficit.
Oppenheimer agreed to pay $20 million to settle claims that the firm violated federal securities laws while improperly selling penny stocks in unregistered offerings.
China’s proposed new rules on foreign investment will help the Chinese government re-exert control over the flood of foreign money and interests coming into the country’s booming Internet industry.
Standard & Poor’s Ratings Services lowered its general obligation rating on Atlantic City, N.J., into junk territory, citing the appointment of an emergency manager.
U.S. steelmakers gained new life with the energy boom, but now face a reversal of fortune as the slump in oil prices saps demand from drillers.
U.S. junk-bond investors are showing fresh caution, renewing concerns of a wholesale retreat that could hobble financing for low-rated companies and hamstring the economic recovery.
In the coming days, the world’s biggest publicly traded oil companies will report fourth-quarter earnings, offering the best look yet at the bite lower crude prices have taken out of Big Oil.
AT&T’s December-quarter results narrowly topped expectations as the company secured more lucrative long-term wireless contracts.
U.S. stocks fell Tuesday after disappointing results at blue-chip companies like Microsoft and Caterpillar sparked concerns about the strong dollar’s drag on earnings growth.
David Taylor, who has emerged as the top contender for the CEO job at Procter & Gamble, made his mark in part by overseeing big divestitures. Now he is tasked with fixing the beauty division.
The U.S. Federal Trade Commission cleared the merger of supermarket operators Safeway Inc. and Albertsons after the companies agreed to sell 168 stores to address the commission’s competition concerns.
U.S. consumers turned exceedingly upbeat about the economy at the start of 2015, with the Conference Board’s index of consumer confidence hitting its highest level since August 2007.