Thursday 30 June 2022

Goldman Sachs partners with Derivative Path to grow transaction banking

Goldman Sachs partners with Derivative Path to grow transaction banking

Goldman Sachs Group Inc said on Thursday it is launching a partnership with capital markets technology firm Derivative Path that opens the door to thousands of U.S. regional banks and credit unions becoming clients of its foreign exchange services.

Walgreens profit plunges on opioid settlement, lower pharmacy sales

Drugstore chain Walgreens Boots Alliance Inc posted a 76% fall in quarterly profit on Thursday, hurt by its opioid settlement with Florida and a decrease in U.S. pharmacy sales on waning demand for COVID-19 vaccinations.

Brutal first half puts bonds in line for worst year in decades

If dramatic losses seen in the first half of 2022 are maintained over the coming months, U.S. and European government bond markets are set for their worst year in decades in another sign the long bond bull-run may be over.

BMW to start 2 bln euro share buyback programme in July

Germany's BMW approved the launch of a share buyback programme with a volume of up to 2 billion euros ($2.08 billion) set to start in July, the carmaker said on Thursday.

Supply fears to sustain oil rally, trumping recession risks

Oil prices are expected to stay above $100 a barrel this year as Europe and other regions struggle to wean themselves off Russian supply, a Reuters poll showed on Thursday, though economic risks could slow the climb.

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Sponsored by Rohde & Schwarz: 6G: vision or reality?

Rohde & Schwarz shapes tomorrow's wireless communications beyond 5G. From sci-fi to reality, the T&M expert takes connectivity to the next level.

Read the full story now

How would U.S. corporate abortion travel benefits work?

Major companies including JPMorgan Chase & Co , Amazon.com Inc and Walt Disney Co have said they would pay travel costs for employees seeking abortions out-of-state after the U.S. Supreme Court overturned the landmark 1973 Roe v. Wade ruling that legalized the procedure nationwide.

Apple eyes fuel purchases from dashboard as it revs up car software

Apple Inc wants you to start buying gas directly from your car dashboard as early as this fall, when the newest version of its CarPlay software rolls out, accelerating the company's push to turn your vehicle into a store for goods and services.

Volkswagen CEO says German economy needs China - Spiegel

Inflation would spiral even further in Germany if it weren't for business with China, Volkswagen Chief Executive Herbert Diess said in a media interview published on Thursday.

Futures tumble on last day of a torrid first-half on growth fears

U.S. stock index futures slid on Thursday on the last day of a dismal first-half of the year on worries that central banks determined to tame inflation will hamper global economic growth.

Basel revises bank crypto capital plan to include blockchain

Banks should take a conservative approach to setting aside capital to cover risks from "unbacked" crypto assets on their books, the global Basel Committee of banking regulators said in proposals on Thursday which now also cover blockchain.

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