Revenue at the world's 12 largest investment banks fell 25 percent in the first quarter from a year ago as economic uncertainty and investor caution led to the slowest start since the financial crisis, a survey showed on Tuesday.
Gold futures fell on Friday, posting a loss of about 1.6% for the week, on concerns that the U.S. Federal Reserve may raise interest rates at its meeting next month. Higher rates can boost the dollar and weigh on dollar-denominated prices for...
Saudi Arabia and two of its oil-exporting neighbors in the Persian Gulf had their debt ratings cut by Moody’s Investors Service, as the slide in crude prices continued to afflict the region’s economies.
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